Ubs

UBS, a financial intermediation services company headquartered in Switzerland, reported total carbon emissions of approximately 1.06 billion kg CO2e in 2025. This includes Scope 1 emissions of approximately 14.69 million kg CO2e, Scope 2 emissions (market-based) of approximately 9.46 million kg CO2e, and Scope 3 emissions of approximately 1.04 billion kg CO2e. Looking back, in 2024, the company's total emissions were approximately 1.09 billion kg CO2e, with Scope 1 at approximately 18.64 million kg CO2e, Scope 2 (market-based) at approximately 11.65 million kg CO2e, and Scope 3 at approximately 1.06 billion kg CO2e. In 2023, total emissions stood at approximately 1.40 billion kg CO2e, comprising Scope 1 emissions of approximately 20.80 million kg CO2e, Scope 2 (market-based) of approximately 25.48 million kg CO2e, and Scope 3 of approximately 1.35 billion kg CO2e.

UBS has set several climate commitments. The company aims for net-zero direct (Scope 1) and energy indirect (Scope 2) emissions by 2025. It also has a long-term ambition to achieve net-zero greenhouse gas (GHG) emissions across Scope 1, Scope 2, and specified Scope 3 activities by 2050, and is a founding member of the Net-Zero Banking Alliance (NZBA). Furthermore, UBS is committed to reducing the emissions intensity associated with lending to cement companies by 15% by 2030 (compared to 2020 levels), considering Scope 1 and Scope 2 emissions. The company also targets a 42% reduction in emissions intensity for its residential real estate lending portfolio by 2030 (compared to 2020 levels) and a 44% reduction for its commercial real estate lending portfolio by 2030 (compared to 2020 levels). Additionally, UBS plans to reduce the emissions intensity of its power generation portfolio by 60% by 2030 (compared to 2021 levels) and its iron and steel portfolio by 27% by 2030 (compared to 2021 levels). For fossil fuels, the company aims to reduce absolute financed emissions associated with in-scope lending by 70% from 2021 levels by 2030. UBS Asset Management aims to align 20% of its total assets under management (AuM) with net-zero by 2030. The company also commits to ensuring 100% of its GHG key vendors reduce their Scope 1 and Scope 2 emissions in line with net-zero trajectories by 2035. For its own operations, UBS has a near-term goal of reducing Scope 1 and Scope 2 market-based emissions by at least 90% by 2035 compared to a 2023 baseline, with an interim target of a 57% reduction by 2030. This interim target does not include the use of carbon removal credits. All disclosed data and targets are directly from UBS Group AG.