Ubs Sustainability Profile
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 97 is higher than 98% 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 Scope 1 emissions at about 18,168,000 kg CO2e, Scope 2 emissions at approximately 12,107,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 1,045,659,000 kg CO2e. This represents a decrease from 2023, where total emissions were about 1,526,212,000 kg CO2e, with Scope 1 at 20,796,000 kg CO2e, Scope 2 at approximately 25,482,000 kg CO2e (market-based), and Scope 3 emissions at around 1,354,681,000 kg CO2e. UBS has set ambitious climate commitments, including a target to achieve net-zero emissions across all scopes by 2050. They are also a founding member of the Net-Zero Banking Alliance. Specific near-term targets include reducing the emissions intensity associated with lending to cement companies by 15% by 2030 (compared to 2020 levels) and achieving net-zero direct (Scope 1) and energy indirect (Scope 2) emissions by 2025. Additionally, UBS aims to reduce absolute financed emissions associated with loans to oil and gas companies by 71% by 2030. The company has made significant strides in reducing its emissions, achieving a 79% reduction in GHG emissions compared to 2004 levels by 2020. UBS's climate strategy is aligned with the Science Based Targets initiative (SBTi) and includes commitments to reduce emissions intensity across various sectors, including a 60% reduction in the emissions intensity of their power generation portfolio by 2030 (compared to 2021 levels). Overall, UBS is actively working towards its climate goals, with a focus on both absolute and intensity-based reductions across its operations and lending practices.
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| 2011 | 2012 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,634,000 | 0,000,000 | 00,000,000 | 00,000,000 | - | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 285,000 | 000,000 | - | 000,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 00,000,000 | - | - | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Ubs's Industry?
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Ubs's Scope 3 Categories Breakdown
Ubs's Scope 3 emissions, which decreased by 23% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 78% of Scope 3 emissions.
Top Scope 3 Categories
Ubs'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.
Ubs 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.
