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 64% 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. This figure includes Scope 1 emissions of about 677,000 kg CO2e, Scope 2 emissions of around 878,000 kg CO2e, and significant Scope 3 emissions totalling approximately 4,397,000 kg CO2e. The previous year, 2022, UBP's total emissions were about 4,955,000 kg CO2e, indicating a slight increase in emissions year-on-year. UBP has set ambitious targets to reduce its carbon footprint by 25% by 2025, using 2019 as the baseline year. This reduction initiative focuses on sourcing renewable energy across all company premises, enhancing energy efficiency in buildings, and minimising business travel. These targets apply to both Scope 1 and Scope 2 emissions. The emissions data for UBP is cascaded from its parent company, Union Bancaire Privée, UBP SA, reflecting a corporate family relationship. UBP systematically tracks its emissions sources and implements measures to achieve its reduction goals, demonstrating a commitment to sustainability and climate responsibility.
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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.
