Union Bancaire Privée Sustainability Profile
Union Bancaire Privée (UBP) is a prominent Swiss private bank headquartered in Geneva, Switzerland (CH). Established in 1969, UBP has built a strong reputation in wealth management and private banking, serving a diverse clientele across Europe, Asia, and the Americas. The bank offers a range of core services, including asset management, private banking, and institutional services, distinguished by its client-centric approach and tailored investment solutions. UBP's commitment to sustainable investing and innovative financial strategies has positioned it as a leader in the industry. With a focus on long-term relationships and a robust financial foundation, Union Bancaire Privée continues to achieve notable milestones, reinforcing its status as a trusted partner for high-net-worth individuals and institutions worldwide.
DitchCarbon Score
How does Union Bancaire Privée'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
Union Bancaire Privée's score of 45 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Union Bancaire Privée's reported carbon emissions
In 2023, Union Bancaire Privée (UBP) reported total carbon emissions of approximately 5,120,000 kg CO2e, comprising 677,000 kg CO2e from Scope 1, 878,000 kg CO2e from Scope 2, and about 4,397,000 kg CO2e from Scope 3 emissions. This represents a slight increase from 2022, when total emissions were around 4,955,000 kg CO2e. UBP has set ambitious targets to reduce its carbon footprint by 25% by 2025, using 2019 as a baseline. This reduction initiative focuses on sourcing renewable energy across all company premises, enhancing energy efficiency in buildings, and minimising business travel. The commitment to systematic tracking of emissions sources and implementation of reduction measures spans all emission scopes. The emissions data for UBP is cascaded from its parent company, Union Bancaire Privée, UBP SA, reflecting a corporate family relationship. UBP's ongoing efforts align with industry standards for climate action, demonstrating a proactive approach to sustainability and carbon management.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 894,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 771,000 | 0,000,000 | 000,000 | 0,000,000 | 000,000 |
| Scope 3 | 6,052,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Union Bancaire Privée's Industry?
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Union Bancaire Privée'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.
Union Bancaire Privée 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.
