Taking a planet-first approach
Adapting to a low-carbon economy
Our ambition is to be a global leader in sustainability, which is why we want to support our clients in the transition to a low-carbon world, lead by example in our own operations, and share our lessons learned along the way with the rest of the world.
Michael Baldinger, Chief Sustainability
Officer, UBS
We’re changing the way we do things today to build a better tomorrow. Our climate strategy underlines our support for the United Nations’ Sustainable Development Goals on affordable and clean energy and on climate action.
What this means for lending
- We’ve set clear, decarbonization targets for prioritized sectors
- We recently tightened environmental standards for financing carbon-related assets
-
Our exposure to carbon-related assets
is low and we continue to reduce it
What this means for investing
- We’re a founding signatory of the Net Zero Asset Managers Initiative
- We aim to further support our clients in reaching their sustainable investment and decarbonization objectives
What this means for our operations
- We’re continuing to reduce our scopes 1 and 2 emissions by implementing energy efficiency measures, switching to more sustainable energy sources and using credible market-based solutions
- We’re targeting the offset of our historical emissions back to 20001
Nature is vital for the health of our planet, our climate and our economy. 60% of the world’s GDP has a dependency on nature2, yet as many as one million animal and plant species are threatened with extinction3. That’s why nature is an important part of our sustainability strategy. It’s also why we’re contributing and committing to new frameworks like the Taskforce on Nature-related Financial Disclosures (TNFD), helping our clients explore opportunities connected to nature, and working with partners such as the UBS Global VisionariesUBS Global Visionaries to support nature-positive solutions. All of this is underpinned by our thought leadership, designed to deepen our understanding of the risks and opportunities presented by the biodiversity challengebiodiversity challenge.
