UBS AG, a leading global financial services company headquartered in Switzerland (CH), has established itself as a prominent player in the banking and financial services industry since its founding in 1862. With a strong presence in major operational regions including Europe, the Americas, and Asia-Pacific, UBS offers a diverse range of services across wealth management, investment banking, and asset management. The firm is renowned for its innovative approach to private banking and wealth management, catering to high-net-worth individuals and institutional clients. UBS's commitment to sustainability and responsible investing further distinguishes its offerings in a competitive market. As a key player in the financial sector, UBS AG has achieved notable milestones, including its position as one of the largest wealth managers globally, reflecting its robust market presence and reputation for excellence.
How does UBS AG'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 AG's score of 80 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
UBS AG, headquartered in Switzerland (CH), currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of UBS Group AG, which may influence its climate commitments and reporting practices. While UBS AG has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi), it is aligned with broader sustainability efforts through its parent organization, UBS Group AG. This includes participation in the Carbon Disclosure Project (CDP) and commitments to renewable energy initiatives, such as RE100, which aims for 100% renewable electricity. As a part of its climate strategy, UBS AG is expected to adhere to the sustainability goals and performance metrics established by UBS Group AG, which may include industry-standard practices for reducing carbon emissions and enhancing environmental responsibility. However, specific details on emissions reductions or climate pledges from UBS AG itself remain unspecified.
Access structured emissions data, company-specific emission factors, and source documents
| 2004 | 2011 | 2012 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | - | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | 000,000 | 000,000 | - | 000,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 00,000,000 | - | - | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
UBS AG's Scope 3 emissions, which decreased by 23% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 78% of Scope 3 emissions.
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
UBS AG has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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