In 2023, UBS Group conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Waste Generated | 9,378a | 8,381a | 8,640a | |
Total Waste Recovered | 5,411.106a | 4,374.882a | 5,313.6a | |
Total Hazardous Waste Generated | N/A | N/A | N/A | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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In 2023, UBS Group generated a total of 9,378metric tonnes of waste.a
Of this amount, 57.7% of UBS Group's total waste generated was recovered through methods such as recycling, reuse, or composting, while 42.3% was disposed of through landfilling, incineration, or combustion.a
In 2023, UBS Group reported a total waste generation of 9,378 metric tonnes, of which 57.7% was recovered through recycling, reuse, or composting.This moderate level of recovery indicates that UBS Group is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts.a
Since 2021, UBS Group's total waste generation increased by 8.54%, including a 11.9%increase in 2023, indicating a persistent upward trend that may reflect scaling operations, inefficiencies in resource use, or a lack of effective waste minimization practices.a
Over the same period, UBS Group's waste recovery rate declined by 6.18%, yet improved by 10.54% in 2023, pointing to a recent rebound or renewed focus on better waste treatment outcomes.a
Overall, UBS Group’s waste generation and recovery data show a mixed and inconsistent trend. A deeper analysis of the company's activities, industry benchmarks, and operational changes is needed to assess its sustainability performance more precisely.