Union Bancaire Privée
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 94% 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 1,718,776,000 kg CO2e. This figure includes emissions from Scope 1 and Scope 2, which totalled about 77,984,000 kg CO2e. The previous year, 2022, UBP's total emissions were around 1,720,853,000 kg CO2e, indicating a slight decrease. For the years leading up to 2023, UBP has demonstrated a commitment to reducing its carbon footprint. The bank has set a target to achieve a 25% reduction in its carbon emissions by 2025, using 2019 as the baseline year. This reduction strategy encompasses all emission scopes, with a particular focus on sourcing renewable energy, enhancing energy efficiency in buildings, and minimising business travel. In 2021, UBP's emissions were approximately 2,890,839,000 kg CO2e, with Scope 1 emissions at about 787,000 kg CO2e, Scope 2 at around 579,000 kg CO2e, and Scope 3 emissions at approximately 2,523,000 kg CO2e. The bank's emissions in 2020 were about 2,655,000 kg CO2e, with significant contributions from business travel and employee commuting. Overall, UBP is actively tracking its emissions and implementing measures to meet its reduction targets, reflecting a proactive approach to climate commitments in the financial sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 894,000 | 000,000 | 000,000 | 000,000 | - |
| Scope 2 | 771,000 | 000,000 | 000,000 | 000,000 | - |
| Scope 3 | 6,052,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
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.
Union Bancaire Privée 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.
