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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 18,168a | 20,796a | 25,167a | |
Total Scope 2 | ||||
Market-Based | 12,107a | 25,482a | 36,460a | |
Location-Based | 132,284a | 150,735a | 164,717a | |
Total Scope 3 | 1,045,659a | 11,254,682a | 16,107,517a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.3737a | 0.5093a | 0.7543a |
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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
In 2024, the total Scope 1 emissions of UBS Group were 18,168 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, UBS Group's Scope 1 emissions have decreased by 32.34%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
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
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
Since 2019, UBS Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that UBS Group's emissions have plateaued with no significant change in its energy consumption footprint.ac
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
In 2024, UBS Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
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
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
Since 2019, UBS Group's Scope 3 emissions have increased by 1,570.78%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
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
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.
In 2024, the largest contributors to UBS Group's Scope 3 emissions were:a
In 2024, UBS Group reported Scope 1 greenhouse gas (GHG) emissions of 18,168 tCO₂e and total revenues of USD 48,617 millions. This translates into an emissions intensity of 0.37 tCO₂e per millions USD.a
In 2024, UBS Group reported a Scope 1 emissions intensity of 0.37 tCO₂e per millions USD. Compared to the peer group median of 0.62, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, UBS Group ranked 6 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
UBS Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
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