UBS has published its Sustainability Report and Climate Report providing more information on its Climate Roadmap.
UBS has committed to publish interim financing targets for 2030 with a focus on reducing greenhouse gas emissions in priority sectors where the bank can have the most significant impact. UBS will reduce the carbon footprint of its loan book across three sectors that account for 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 net zero commitments by 2050.
Key highlights in the 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
UBS says that out of nearly 12,000 companies ranked by CDP they are one of only 200 that were A-listed for environmental transparency and action to cut emissions, mitigate climate risks and develop the low-carbon economy.