Ubs

UBS, headquartered in Switzerland (CH) and operating in the Financial Intermediation Services industry, has demonstrated a commitment to climate action and transparency regarding its carbon emissions.

For the most recent reporting year, 2025, UBS reported total greenhouse gas emissions of approximately 1.06 billion kg CO2e. This includes Scope 1 emissions of about 14.69 million kg CO2e, Scope 2 emissions (market-based) of around 9.46 million kg CO2e, and Scope 3 emissions totalling approximately 1.04 billion kg CO2e. Key categories within Scope 3 emissions for 2025 were purchased goods and services at approximately 835.45 million kg CO2e, employee commute at about 102.03 million kg CO2e, and business travel at around 60.77 million kg CO2e.

Looking back, in 2024, UBS's total emissions were approximately 1.09 billion kg CO2e, with Scope 1 at about 18.64 million kg CO2e, Scope 2 (market-based) at around 11.65 million kg CO2e, and Scope 3 at about 1.06 billion kg CO2e. In 2023, the total emissions were higher at approximately 1.40 billion kg CO2e, with Scope 1 at around 20.80 million kg CO2e, Scope 2 (market-based) at about 25.48 million kg CO2e, and Scope 3 at approximately 1.35 billion kg CO2e.

UBS has set ambitious climate commitments:

• Net-Zero Targets: UBS aims to achieve net-zero emissions for its own operations (Scope 1 and 2) by 2025. Furthermore, the company is committed to reaching net-zero greenhouse gas emissions across all aspects of its business, including Scope 1, 2, and 3, by 2050. This aligns with its status as a founding member of the Net-Zero Banking Alliance (NZBA).
• Near-Term Scope 1 and 2 Reduction: For its global own operations, UBS has a target to reduce Scope 1 and market-based Scope 2 emissions by at least 90% by 2035, compared to a 2023 baseline of 46,278 metric tonnes CO2e. An interim goal for 2030 is set to reduce these emissions by 57% against the same 2023 baseline, explicitly not including carbon removal credits.
• Financed Emissions Targets: UBS is targeting a 71% reduction in absolute financed emissions associated with loans to oil and gas companies by 2030, compared to 2020 levels.
• Sector-Specific Intensity Targets:
  • Reduce the emissions intensity associated with lending to cement companies by 15% by 2030, compared to 2020 levels (taking into account Scope 1 and 2 emissions).
  • Reduce the emissions intensity of its residential real estate lending portfolio by 42% by 2030, compared to 2020 levels.
  • Reduce the emissions intensity of its commercial real estate lending portfolio by 44% by 2030, compared to 2020 levels.
  • Reduce the emissions intensity of its power generation portfolio by 60% by 2030, compared to 2021 levels.
  • Reduce the emissions intensity of its iron and steel portfolio by 27% by 2030, compared to 2021 levels.
  • Reduce emissions intensity for Swiss residential real estate in its in-scope lending by 45% from 2021 levels by 2030.
• Supply Chain Engagement: UBS aims to engage 100% of its key GHG vendors to reduce their Scope 1 and 2 emissions in line with net-zero trajectories by 2035.
• Asset Management Alignment: By 2030, UBS aims to align 20% of UBS Asset Management's total assets under management (AuM) with net-zero goals.

These commitments demonstrate UBS's comprehensive approach to managing and reducing its environmental impact across its operations and financing activities. All reported emissions data for UBS is sourced directly from UBS Group AG.