- UBS Climate Roadmap sets out key milestones to deliver on our net zero commitments by 2050
- UBS sets decarbonization targets for the reduction of greenhouse gas emissions across three priority sectors by 2030: fossil fuels, power generation and real estate
As a founding member of the Net-Zero Banking Alliance (NZBA), UBS has committed to publish interim financing targets for 2030 with a focus on reducing our greenhouse gas emissions in priority sectors where the bank can have the most significant impact. In line with this commitment, UBS will reduce the carbon footprint of its loan book across three sectors that account for a sizable share (c. 43%) of its credit portfolio and financed emissions: fossil fuels, power generation and real estate.
The Climate Report provides details on the framework, governance, strategy, risk management, targets and metrics to deliver on its net zero commitments by 2050. It will inform every aspect of UBS’s business including reducing its own climate impact, supporting the transition of our financing clients and protecting investing clients’ assets.
Achievements highlighted in our Sustainability Report include:
- USD 251 billion of sustainability-focus and impact investments (78% increase)
- Almost 70% of new mandates in Personal Banking being UBS Manage Sustainable Investment
- 103 green, social, sustainability or sustainability-linked bond transactions supported
- 92% less greenhouse gas emissions in our own operations since 2004