Ubs

Ubs's reported carbon emissions

UBS, headquartered in CH and operating in financial intermediation services, has reported its carbon emissions and outlined significant climate commitments. For 2025, UBS reported a total of approximately 1.06 billion kg CO2e. This figure is comprised of approximately 14.69 million kg CO2e from Scope 1 emissions and approximately 9.46 million kg CO2e from Scope 2 (market-based) emissions. Scope 3 emissions accounted for the largest portion, totalling approximately 1.039 billion kg CO2e. Key contributors to Scope 3 were purchased goods and services (approximately 835.45 million kg CO2e), employee commute (approximately 102.03 million kg CO2e), and business travel (approximately 60.77 million kg CO2e). In 2024, the total emissions were approximately 1.09 billion kg CO2e. This included Scope 1 emissions of approximately 18.64 million kg CO2e and Scope 2 (market-based) emissions of approximately 11.65 million kg CO2e. Scope 3 emissions were approximately 1.06 billion kg CO2e, with purchased goods and services being the largest contributor at approximately 810.47 million kg CO2e. For 2023, total emissions were approximately 1.40 billion kg CO2e. Scope 1 emissions were approximately 20.80 million kg CO2e and Scope 2 (market-based) emissions were approximately 25.48 million kg CO2e. Scope 3 emissions were significantly higher at approximately 1.35 billion kg CO2e, with purchased goods and services making up the largest share at approximately 1.13 billion kg CO2e. UBS has established a clear commitment to achieving net-zero greenhouse gas (GHG) emissions across its operations and specified Scope 3 activities by 2050. As a founding member of the Net-Zero Banking Alliance (NZBA), UBS aims to align its business with net-zero trajectories. Further reduction targets include: * Achieving net-zero for Scope 1 and Scope 2 emissions by 2025. * Reducing financed emissions for loans to oil and gas companies by 71% by 2030, compared to 2020 levels. * Reducing the emissions intensity of lending to cement companies by 15% by 2030, compared to 2020 levels (Scope 1 and 2). * Reducing the emissions intensity of UBS’s residential real estate lending portfolio by 42% by 2030 (compared with 2020 levels). * Reducing the emissions intensity of its power generation portfolio by 60% by 2030 (compared with 2021 levels). * Aligning 20% of UBS Asset Management total assets under management (AuM) with net zero by 2030.