UBS Group AG

Common Name
UBS Group
Country
Switzerland
Sector
Financial Services
Industry
Banks - Diversified
Employees
119,100
Ticker
UBSG
Exchange
SIX SWISS EXCHANGE
Description
UBS Group AG is a multinational investment bank and financial services company. It primarily operates within the realms of wealth management, investment banking, asset management, and retail banking. ...

UBS Group's GHG Emissions Data Preview

In 2024, UBS Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

UBS Group has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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a
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a
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0000000
Location-Based
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a
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a
0000000
Total Scope 3
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind UBS Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore UBS Group’s data sources below and access millions more through our Disclosure Search.

a. UBS Group's Sustainability Report 2024
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b. UBS Group's Sustainability Report 2020
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Insights into UBS Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of UBS Group amounted to 150,452 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of UBS Group decreased by 12.29%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

UBS Group's Scope 1 Emissions Over Time

201820192020202120222023202407 k14 k21 k28 ktCO2e+133%-63%+150%+1%-17%-13%
  • Total Scope 1
  • Year-over-Year Change

What are UBS Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of UBS Group were 18,168 metric tons of CO₂ equivalent (tCO₂e). a

Has UBS Group reduced its Scope 1 emissions over time?

Since 2018, UBS Group's Scope 1 emissions have increased by 57.68%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), UBS Group's Scope 1 emissions decreased by 12.64%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are UBS Group's Scope 2 emissions?

In 2024, UBS Group reported Scope 2 greenhouse gas (GHG) emissions of 12,107 tCO₂e using the market-based method and 132,284 tCO₂e using the location-based method. a

Has UBS Group reduced its Scope 2 emissions over time?

Since 2018, UBS Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 12.37%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), UBS Group's Scope 2 emissions (Location-Based) fell by 12.24% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does UBS Group use for Scope 2 reporting?

In 2024, UBS Group reported its Scope 2 emissions using the market-based method and using the location-based method. a

UBS Group's Scope 2 Emissions Over Time

2018201920202021202220232024050 k100 k150 k200 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into UBS Group's Value Chain Emissions

In 2024, UBS Group reported 1,045,659 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of UBS Group includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, down from 6 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

UBS Group's Scope 3 Emissions Over Time

201820192020202120222023202404.5 M9 M13.5 M18 MtCO2e-12%+6039%-98%+21859%-30%-91%
  • Total Scope 3
  • Year-over-Year Change

What are UBS Group's Scope 3 emissions?

In 2024, UBS Group reported total Scope 3 emissions of 1,045,659 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has UBS Group reduced its Scope 3 emissions over time?

Since 2018, UBS Group's Scope 3 emissions have increased by 1,364.73%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), UBS Group's Scope 3 emissions decreased by 90.71%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does UBS Group disclose?

In 2024, UBS Group reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of UBS Group's Scope 3 emissions?

In 2024, the largest contributors to UBS Group's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 810,469 tCO₂e (77.51%)
  • Employee Commuting (Cat. 7): 110,262 tCO₂e (10.54%)
  • Business Travel (Cat. 6): 81,964 tCO₂e (7.84%)

UBS Group's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(7.8%)Employee Commuting(Cat. 7)(10.5%)Purchased Goods andServices (Cat. 1)(77.5%)

Insights into UBS Group's Total Carbon Footprint

In 2024, UBS Group reported a total carbon footprint of 1,196,111 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 89.53% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to UBS Group's total carbon footprint was Scope 3 emissions, accounting for 87.42% of the company's total carbon footprint, followed by Scope 2 emissions at 11.06%. a

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