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Environmental targets and performance in our operations. |
We are making good progress toward our targets. Our total net GHG emissions remained at a significantly lower level (–93%) than the baseline year (2004). |
Our environmental and greenhouse gas (GHG) reporting has been prepared based on a reporting year from 1 July 2021 to 30 June 2022. This differs from UBS’s financial reporting period (1 January 2022 to 31 December 2022). |
Environmental targets and performance in our operations1. |
GRI2 2022 % target 2025 Baseline % change from baseline Progress / Achievement3 2021 2020. |
Total net greenhouse gas emissions (GHG footprint) in t CO2e4 305 225,324 360,5015 (93) green 29,936 75,110. |
Scope 1 and net scope 2 GHG emissions in t CO2e 305 112,443 0 56,2466 (78) green 14,300 56,246. |
Energy consumption in GWh 302 4466 (15) 5376 (13) green 509 537. |
Share of renewable electricity (%) 302 999 100 856,7 (1) green 100 85. |
Paper consumption in kg per FTE8 301 46 (50) 666 (30) green 50 66. |
Share of recycled and FSC paper (%) 301 776 100 826 (6) amber 80 82. |
Waste in kg per FTE8 306 86 (10) 1336 (36) green 92 133. |
Zero waste to landfill (%)9 306 36 0 346 8 amber 35 34. |
Waste recycling ratio (%) 306 551 60 526 (99) amber 52 52. |
Water consumption in million m3 303 00.54 (5) 0.706 (23) green 0.54 0.70. |
Legend: CO2e = CO2 equivalents; FTE = full-time employee; GWh = gigawatt hour; kWh = kilowatt hour; km = kilometer; kg = kilogram; t = metric ton 1 Detailed environmental indicators are available at ubs.com/environment. Reporting period 2022 (1 July 2021 to 30 June 2022). 2 Reference to GRI Sustainability Reporting Sta... |
Greenhouse gas footprint – our journey to net zero –78% 2025 2035 2050 for greenhouse gas emissions. |
Net-zero target (scopes 1 and 2) |
Net-zero target for supply chain emissions from GHG key vendors (scope 3) |
Net-zero target for emissions across all aspects (scopes 1, 2 and 3) vs 2020 baseline (scopes 1 and 2) 2020 2022 122 |
Sustainability Report 2022 | Appendix 3 | Environment 123. |
Climate strategy and GHG emissions Our GHG footprint consists of direct (scope 1) emissions from gas, oil and fuel consumption, indirect (scope 2) emissions from electricity and district heating and other indirect emissions (scope 3) from leased assets, paper, waste and business travel. Air travel emissions have been o... |
We have set ambitious goals to reach net zero for scope 1 and 2 emissions by 2025. Our first priority in reaching this goal is reducing emissions at source. We are accelerating the switch from fossil fuel heating systems to heat pumps or district heating in our real estate and refurbishing our buildings to make them mo... |
We are working with two Swiss companies, Climeworks and neustark, which are both pioneering innovative carbon removal technologies. While neustark endeavors to remove CO₂ from the atmosphere and permanently store it in recycled concrete, Climeworks’ Orca direct air capture and storage facility in Iceland captures CO₂ d... |
During the transition phase to net zero by 2025, we are also purchasing carbon offsets that are equivalent to our net scope 1 and 2 emissions, as well as our scope 3 air travel emissions as part of beyond-value chain mitigation. In 2022, we supported a number of nature-based projects, which were verified against the Ve... |
Sustainable real estate Our commitment to sustainability is evident throughout our real estate footprint and the continual improvement of our sustainable real estate guidelines, a critical step in driving our locations’ evolution toward achieving our longterm ambitions. We strive to align our real estate footprint with... |
0 2022 105,000 25,324. |
Other indirect GHG emissions (leased assets, business travel including offsetting, paper, waste) |
Direct GHG emissions (oil, gas, fuels) 200,000 400,000 50,000. |
In metric tons CO²e. |
Other indirect GHG emissions (electricity, heat) |
UBS’s greenhouse gas (GHG) footprint 0 |
2012 2004 2020 2022 2021 2020 75,110 29,936 123 |
Sustainability Report 2022 | Appendix 3 | Environment 124. |
Total number of LEED certifications in UBS regions. |
UBS locations LEED Platinum LEED Gold LEED Silver LEED certified. |
Switzerland 1 1. |
EMEA 5 2. |
Americas 5 23 5 4. |
Asia Pacific 9 9 › For more details on Leadership in Energy and Environmental Design (LEED) certifications refer to usgbc.org/projects. |
Energy consumption In 2022, we used 466 gigawatt hours (GWh), an 8% reduction compared with 2021. Our success was mainly driven by firm-wide environmental and energy management measures and the transition to a flexible hybrid working model. To ensure successful implementation of our environmental and energy management ... |
We recognize the need to reduce emissions at source and apply an “only use what you need” philosophy. Data centers account for a significant proportion of global carbon emissions. At UBS, our 14 biggest data centers account for over 38% of our total electricity consumption. Our Sustainable Technology initiative is aime... |
Renewable energy Since July 2020, 100% of our electricity has come from renewable sources, leading to significant reductions in our GHG emissions. In the reporting period for 2022, we sourced 99% renewable electricity, in line with RE100, despite challenging circumstances. The remaining 1% is a result of local consider... |
We cover the majority of our consumption with renewable energy products from utilities through long-term agreements or purchase renewable energy credits (RECs). We remain committed to procuring 100% renewable electricity and wherever possible invest in on-site renewables for our strategic sites. |
Energy consumption and related greenhouse gas emissions. |
Footnote: GHG emission = Direct GHG emissions (scope 1) + Gross indirect GHG emissions (Gross scope 2) – GHG reductions from renewable electricity + GHG emissions from leased assets not included in scopes 1 and 2. |
1400 202 262 466 19. |
GHG emissions in metric kilotons CO²e. |
Energy consumption (in GWh) 2004 0 |
0 600 2012 2020 2022 2020 2021 2022 537 62 509 21 124 |
Sustainability Report 2022 | Appendix 3 | Environment 125. |
Business travel and offsetting CO2 emissions In 2022, as expected, we saw an increase in business travel as the effects of the pandemic faded. Our commitment is to continue to put sustainability at the heart of our business travel program, and we are still 2/3s below prepandemic levels. Through transparent internal rep... |
Paper We reduced our paper consumption per FTE in 2022 by 8% year on year. Our paper usage consisted of 21% copier / printer paper, 52% client output, 8% publications and the remainder being various paper products. Globally, around 77% of our paper consumption originates from recycled sources or those certified by the ... |
Electricity from non-renewable sources. |
Share of renewable electricity 2006 900 500. |
In GWh. |
Electricity consumption and share of electricity from renewable sources 99% 362 2012 2022 2021 2020 0 |
500 0 |
100% 85% 423 389 2022 2020. |
Paper per FTE in kg. |
Share of sustainable paper per FTE in kg 100 66 50 46. |
In kg. |
Paper per FTE 76% 80% 82% |
Note: FTEs are calculated on an average basis including FTEs that were employed through third parties on short-term contracts. |
2020 2021 2022 0 |
2022 2020 2012 2006 200 100 0 |
125 |
Sustainability Report 2022 | Appendix 3 | Environment 126. |
Waste and recycling Our ongoing waste reduction activities have enabled us to reduce the amount of waste generated per FTE. The donation, recycling and resale of unwanted office furniture has been made at sites across the globe. We also target a reduction in food waste through close collaboration with our catering part... |
Zero waste to landfill In 2022, we sent approximately 2,300 metric tons of waste to landfill globally. We are working with local teams to explore opportunities to reduce general waste volumes and divert remaining general waste from landfill, in buildings where UBS has influence and alternatives are available. |
Water Helping to address the global water crisis is a key focus of our environmental program. To ensure increased water efficiency in our premises, we continue the implementation of our real estate infrastructure policy. This helps us to accelerate our water savings, through measures such as rainwater collection and ae... |
Waste per FTE in kg. |
Share of waste recycled per FTE in kg 200 86 350 200. |
In kg 51% |
Note: FTEs are calculated on an average basis including FTEs that were employed through third parties on short-term contracts. |
Waste per FTE 0 |
0 2012 2006 2020 2021 2022 133 92 52% 52% 2022 2020 126 |
Sustainability Report 2022 | Appendix 3 | Environment 127. |
Environmental indicators1 20222 20212 20202. |
GRI3. |
Absolute normalized4 Trend5. |
Absolute normalized4 Absolute normalized4. |
Total direct and intermediate energy consumption6 302 466 GWh ↘ 5509 GWh 537 GWh. |
Total direct energy consumption7 302 44 GWh ↓ 556 GWh 52 GWh natural gas 883.5% → 87.6% 87.7% heating oil 110.9% ↑ 8.7% 7.5% fuels (petrol, diesel, gas) 44.9% ↑ 3.1% 4.0% renewable energy (solar power, etc.) 00.7% ↗ 0.7% 0.8% TTotal intermediate energy purchased8 302 422 GWh ↘ 4453 GWh 485 GWh electricity 3362 GWh ↘ 33... |
Environment. |
Share of electricity from renewable sources 302 99.9% → 100% 85% |
Total business travel 84 m Pkm ↑ 117 m Pkm 265 m Pkm rail travel9 5.8% ↓ 13.4% 4.5% road travel9 8.3% ↓ 23.1% 4.1% air travel 885.8% ↑ 63.5% 91.5% |
Travel. |
Number of flights (segments) 40,493 ↑ 77,498 124,426. |
Total paper consumption 301 3,386 t ↘ 33,670 t 4,635 t post-consumer recycled 99.7% ↑ 1.8% 15.7% new fibers FSC10 66.8% ↘ 77.8% 65.8% new fibers ECF + TCF10 23.5% ↑ 20.3% 18.4% |
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