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 99 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ubs's reported carbon emissions
In 2024, UBS reported total carbon emissions of approximately 1,196,111,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 1,045,659,000 kg CO2e. Scope 1 emissions were approximately 18,168,000 kg CO2e, while Scope 2 emissions totalled around 12,107,000 kg CO2e (market-based). The previous year, 2023, saw total emissions of about 1,526,212,000 kg CO2e, indicating a reduction in overall emissions. UBS has set ambitious climate commitments, aiming for net-zero emissions across all scopes by 2050. They are a founding member of the Net-Zero Banking Alliance and have committed to achieving net-zero direct (Scope 1) and energy indirect (Scope 2) emissions by 2025. Additionally, they plan to reduce the emissions intensity associated with lending to cement companies by 15% by 2030, compared to 2020 levels. The bank is also focused on reducing absolute financed emissions associated with loans to fossil fuel companies by 70% by 2030, relative to 2021 levels. Furthermore, UBS aims to cut energy consumption by 15% by 2025, compared to 2020 levels, and to achieve a 44% reduction in emissions intensity for their commercial real estate portfolio by 2030. Overall, UBS is actively working towards significant emissions reductions and has established a comprehensive framework to address climate change through its operations and lending practices.
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| 2012 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 873.5 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 376.9 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 253.8 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 participating in some of the initiatives that 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.
