Ubs Sustainability Profile
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 100 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Ubs's reported carbon emissions
In 2024, UBS reported total greenhouse gas emissions of approximately 1,196,111,000 kg CO2e, comprising 18,168,000 kg CO2e from Scope 1, 12,107,000 kg CO2e from Scope 2 (market-based), and a significant 1,045,659,000 kg CO2e from Scope 3 emissions. The previous year, 2023, saw total emissions of about 1,526,212,000 kg CO2e, with Scope 1 emissions at 20,796,000 kg CO2e, Scope 2 emissions (market-based) at 25,482,000 kg CO2e, and Scope 3 emissions reaching 1,354,681,000 kg CO2e. UBS has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2050. They are also targeting a 15% reduction in emissions intensity associated with lending to cement companies by 2030, compared to 2020 levels. Additionally, UBS is committed to achieving net-zero emissions in their own operations (Scopes 1 and 2) by 2025 and aims to reduce absolute financed emissions associated with fossil fuel lending by 70% by 2030. The bank is a founding member of the Net-Zero Banking Alliance and has committed to aligning 20% of its Asset Management total assets under management with net-zero by 2030. These initiatives reflect UBS's dedication to sustainability and its proactive approach to addressing climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2011 | 2012 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,634,000 | 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 | 285,000 | 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 |
How Carbon Intensive is Ubs's Industry?
How Carbon Intensive is Ubs's Location?
Ubs's Scope 3 Categories Breakdown
Ubs'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.
Top Scope 3 Categories
Ubs's Climate Goals (2030 & 2050)
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 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.
