UBS Group AG, commonly known as UBS, is a leading global financial services company headquartered in Switzerland (CH). Founded in 1862, UBS has established itself as a prominent player in the banking industry, with significant operations across Europe, the Americas, and Asia-Pacific. The firm offers a diverse range of services, including wealth management, investment banking, and asset management, catering to both individual and institutional clients. UBS is renowned for its innovative approach to financial solutions, particularly in wealth management, where it leverages advanced technology and personalised strategies to meet client needs. The company has achieved notable milestones, including being one of the largest wealth managers globally, reflecting its strong market position and commitment to excellence. With a focus on sustainability and responsible banking, UBS continues to shape the future of finance while maintaining its reputation for reliability and integrity.
How does Ubs's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Ubs's score of 84 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, UBS reported total carbon emissions of approximately 1,526,212,000 kg CO2e, with emissions distributed across various scopes: 20,796,000 kg CO2e (Scope 1), 25,482,000 kg CO2e (Scope 2), and a significant 1,354,681,000 kg CO2e (Scope 3). This marked a notable increase from 2022, where total emissions were about 297,401,000 kg CO2e. In 2022, UBS achieved a total of approximately 198,440,000 kg CO2e in emissions, with Scope 1 emissions at 59,740,000 kg CO2e, Scope 2 at 135,030,000 kg CO2e, and Scope 3 at 3,670,000 kg CO2e. The trend shows a reduction in total emissions from 2021, which were about 218,810,000 kg CO2e. UBS has set a long-term commitment to achieve net-zero greenhouse gas emissions across all scopes by 2050, starting from 2023. This ambitious target reflects their dedication to addressing climate change and reducing their carbon footprint significantly over the coming decades.
Access structured emissions data, company-specific emission factors, and source documents
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|
Scope 1 | 11,522,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 2 | 99,216,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | 71,389,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ubs is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.