Public Profile

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.

40

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.

26

Industry Benchmark

Union Bancaire Privée's score of 40 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.

91%

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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 Scope 1 and 2 emissions, which total about 77,984,000 kg CO2e. The bank has not disclosed specific Scope 3 emissions data for this year. Looking at previous years, UBP's emissions have varied significantly. In 2022, the total emissions were about 1,720,853,000 kg CO2e, with Scope 1 and 2 emissions at approximately 85,961,000 kg CO2e. In 2021, the total emissions peaked at around 2,890,839,000 kg CO2e, with Scope 1 and 2 emissions of about 116,094,000 kg CO2e. The bank's emissions in 2020 were approximately 2,655,000 kg CO2e, and in 2019, they reported about 6,052,000 kg CO2e in Scope 3 emissions. Despite these figures, UBP has not set specific reduction targets or disclosed any climate pledges. The absence of documented reduction initiatives suggests that while the bank is aware of its carbon footprint, it may not yet have formalised commitments to reduce emissions in line with industry standards.

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20192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Union Bancaire Privée's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Union Bancaire Privée is in CH, which has a very low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero

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