Ubs
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Ubs's score of 49 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ubs's reported carbon emissions
In 2023, UBS reported total carbon emissions of approximately 169,000,000 kg CO2e. This figure includes 23,005,000 kg CO2e from Scope 1 emissions, 25,517,000 kg CO2e from Scope 2 emissions (market-based), and 120,166,000 kg CO2e from Scope 3 emissions. Notably, UBS has set a long-term commitment to achieve net-zero greenhouse gas emissions across all scopes by 2050, which includes specific Scope 3 activities. In the previous year, 2022, UBS's total emissions were about 169,000,000 kg CO2e, with Scope 1 emissions at 25,167,000 kg CO2e, Scope 2 emissions at 36,460,000 kg CO2e (market-based), and Scope 3 emissions reaching 107,517,000 kg CO2e. This demonstrates a consistent focus on reducing their carbon footprint. The bank's emissions have seen a significant reduction from 2018, when total emissions were approximately 233,868,000 kg CO2e, with Scope 1 at 11,522,000 kg CO2e, Scope 2 at 99,216,000 kg CO2e (market-based), and Scope 3 at 71,389,000 kg CO2e. This indicates a proactive approach to sustainability and climate responsibility. UBS's commitment to achieving net-zero emissions by 2050 aligns with global climate goals and reflects their dedication to reducing their environmental impact across all operations.
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Get Started| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 11,522,000 | 00,000,000 | 0,000,000 | 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 |
| Scope 3 | 71,389,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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 not committed to any reduction initiatives 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.
