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 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 43 is higher than 94% 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 market-based Scope 2 emissions, and a significant 360,498,000 kg CO2e from Scope 3 emissions, which encompasses business travel, employee commute, and other activities. Over the years, UBS has demonstrated a commitment to reducing its carbon footprint. From 2018 to 2023, the bank's total emissions decreased from about 233,868,000 kg CO2e to 169,000,000 kg CO2e, reflecting a substantial reduction in emissions. Notably, Scope 1 emissions have decreased from 11,522,000 kg CO2e in 2018 to 23,005,000 kg CO2e in 2023, while Scope 2 emissions have also seen a decline. UBS has set an ambitious target to achieve net-zero greenhouse gas emissions across all scopes by 2050, with a focus on Scope 1, Scope 2, and specified Scope 3 activities. This long-term commitment underscores the bank's dedication to sustainability and climate action, aligning with global efforts to combat climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 | 000,000,000 | 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 committed to some 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.
