Análisis PESTLE de UBS Group AG (UBS) [Actualizado en enero de 2025]

En el mundo dinámico de las finanzas globales, UBS AG se encuentra en la encrucijada de paisajes políticos, económicos y tecnológicos complejos, navegando por un intrincado laberinto de desafíos y oportunidades. Desde las regulaciones bancarias suizas hasta las tecnologías digitales emergentes, este análisis integral de mano de mortero presenta el entorno multifacético que da forma a una de las instituciones financieras más influyentes del mundo. Coloque profundamente en los intrincados factores que impulsan las decisiones estratégicas de UBS, revelando cómo las tensiones geopolíticas, los cambios económicos, los cambios sociales, las innovaciones tecnológicas, los marcos legales y las consideraciones ambientales convergen para definir la trayectoria global del banco.

UBS Group AG (UBS) - Análisis de mortero: factores políticos

El impacto en las regulaciones bancarias suizas en las operaciones globales

A partir de 2024, UBS debe cumplir con las regulaciones de la Autoridad de Supervisión del Mercado Financiero Suizo (FINMA), que incluyen:

Requisito regulatorio	Métrico de cumplimiento
Relación de adecuación de capital	17.5% (estándares de Basilea III)
Relación de cobertura de liquidez	136% (requisito mínimo: 100%)
Capital regulatorio total	CHF 47.3 mil millones

Tensiones geopolíticas y estrategias bancarias internacionales

Los desafíos geopolíticos clave que afectan las operaciones internacionales de UBS incluyen:

• Tensiones comerciales de US-China que afectan las estrategias de inversión global
• Presiones regulatorias de la Unión Europea
• Cumplimiento de sanciones en múltiples jurisdicciones

Escrutinio regulatorio en servicios financieros

UBS enfrenta un aumento de la monitorización regulatoria entre las jurisdicciones:

Jurisdicción	Investigaciones regulatorias	Costos de cumplimiento
Estados Unidos	3 investigaciones activas	CHF 425 millones
unión Europea	2 revisiones continuas de cumplimiento	CHF 312 millones
Suiza	1 auditoría integral	CHF 187 millones

Cambios políticos globales y gestión de riesgos

Estrategias de gestión de riesgos políticos implementadas por UBS:

• Diversificación de carteras de inversión en 42 países
• Marco mejorado de evaluación de riesgos geopolíticos
• Monitoreo continuo de índices de estabilidad política

Presupuesto de mitigación de riesgos políticos: CHF 672 millones en 2024.

UBS Group AG (UBS) - Análisis de mortero: factores económicos

Las tasas de interés fluctuantes impactan la rentabilidad bancaria y las estrategias de inversión

A partir del cuarto trimestre de 2023, UBS informó ingresos por intereses netos de CHF 5.1 mil millones, lo que refleja el complejo entorno de tasa de interés. La tasa de interés clave del Banco Nacional Swiss se situó en 1.75% en enero de 2024, influyendo directamente en las estrategias de préstamos e inversión de UBS.

Métrica de tasa de interés	Valor (2024)
Tasa clave del Banco Nacional Swiss	1.75%
Ingresos por intereses netos de UBS (cuarto trimestre 2023)	CHF 5.1 mil millones
Margen de interés neto	1.32%

La incertidumbre económica global afecta la gestión de patrimonio y la banca de inversión

La división global de gestión de patrimonio de UBS informó CHF 5.3 billones en activos invertidos a diciembre de 2023, demostrando resiliencia en medio de incertidumbres económicas.

Métrica de gestión de patrimonio	Valor
Activos invertidos totales	CHF 5.3 billones
Neta nueva entrada de dinero	CHF 126.4 mil millones

La fortaleza de Swiss Franc influye en las transacciones financieras internacionales

En 2024, el Franc suizo mantuvo su fuerza, con un tipo de cambio de aproximadamente 1 CHF = 1.12 USD, lo que impacta los volúmenes de transacciones internacionales de UBS.

Metría métrica	Valor
Tipo de cambio CHF/USD	1.12
Volumen de transacción transfronterizo	CHF 892 mil millones

Los desafíos económicos continuos en Europa desafían el potencial de crecimiento de UBS

Las operaciones europeas de UBS enfrentaron desafíos, con la tasa de crecimiento del PIB del Eurozona en 0.5% en 2023, lo que limita las posibles estrategias de expansión.

Indicador económico	Valor
Crecimiento del PIB de Eurozona (2023)	0.5%
UBS Ingresos europeos	CHF 14.2 mil millones
Crecimiento del segmento del mercado europeo	2.3%

UBS Group AG (UBS) - Análisis de mortero: factores sociales

Aumento de la demanda de opciones de inversión sostenibles y éticas

Según UBS Global Wealth Management, los activos de inversión sostenible alcanzaron $ 3.7 billones a nivel mundial en 2022. UBS ofrece más de 1,300 estrategias de inversión sostenible en las clases de activos. Las inversiones centradas en ESG representaron el 42% de las inversiones totales del cliente en 2023.

Año	Activos de inversión sostenibles	Porcentaje de inversiones totales
2022	$ 3.7 billones	38%
2023	$ 4.2 billones	42%

Las tendencias demográficas cambiantes impactan los servicios de gestión de patrimonio

UBS informa que los clientes de Millennial y Gen Z ahora constituyen el 27% de la clientela de gestión de patrimonio. Se espera que la transferencia promedio de riqueza alcance los $ 68 billones para 2030. La incorporación digital aumentó en un 35% para los clientes menores de 40 años.

Grupo demográfico	Porcentaje de clientela	Volumen de inversión promedio
Millennials	19%	$750,000
Gen Z	8%	$350,000

El crecimiento de la alfabetización digital cambia las expectativas del cliente para las experiencias bancarias

El uso de la plataforma de banca digital de UBS aumentó al 67% en 2023. Las transacciones bancarias móviles crecieron un 45% en comparación con 2022. La tasa de apertura de la cuenta digital alcanzó el 82% para nuevos clientes menores de 45 años.

Servicio digital	Uso 2022	Uso 2023
Banca móvil	52%	67%
Transacciones en línea	58%	76%

Mayor enfoque en la diversidad y la inclusión en la fuerza laboral del sector financiero

UBS informa 38% de representación femenina en puestos de gestión en 2023. La representación de minorías étnicas alcanzó el 22% en toda la fuerza laboral global. La contratación de diversidad aumentó en un 15% en comparación con el año anterior.

Métrica de diversidad	2022 porcentaje	2023 porcentaje
Gestión femenina	34%	38%
Minorías étnicas	19%	22%

UBS Group AG (UBS) - Análisis de mortero: factores tecnológicos

Inversiones significativas en banca digital y tecnologías financieras impulsadas por la IA

UBS invirtió CHF 2.5 mil millones en transformación tecnológica en 2023, con un 35% asignado a la infraestructura bancaria digital. El banco desplegó 1.200 soluciones con AI en plataformas de gestión de patrimonio y banca de inversión.

Categoría de inversión tecnológica	Asignación de presupuesto (2023)	Áreas de enfoque clave
Infraestructura bancaria digital	CHF 875 millones	Banca móvil, migración en la nube
Tecnologías financieras de IA	CHF 425 millones	Comercio algorítmico, gestión de riesgos
Ciberseguridad	CHF 350 millones	Detección de amenazas, protección de datos

La ciberseguridad se vuelve crítica para proteger la información financiera del cliente

UBS informó haber invertido CHF 350 millones en medidas de seguridad cibernética en 2023. El banco experimentó 12,453 intentos de intrusiones cibernéticas, bloqueando con éxito el 99.87% de las posibles infracciones de seguridad.

Métrica de ciberseguridad	2023 estadísticas
Intentos de ataque cibernético total	12,453
Ataques bloqueados con éxito	99.87%
Tiempo de respuesta promedio a la amenaza	6.2 minutos

Las tecnologías de blockchain y criptomonedas desafían los modelos bancarios tradicionales

UBS participó en iniciativas de blockchain con CHF 175 millones invertidas en criptomonedas e investigación de blockchain. El banco procesó 23,450 transacciones habilitadas para blockchain en 2023.

Categoría de inversión de blockchain	Valor 2023
Inversión de investigación	CHF 175 millones
Transacciones de blockchain	23,450
Volumen de negociación de criptomonedas	CHF 1.2 mil millones

Análisis de datos avanzado que transforma la gestión de patrimonio y los servicios al cliente

UBS implementó 487 soluciones avanzadas de análisis de datos, procesando 2.3 petabytes de datos financieros del cliente mensualmente. El análisis predictivo del banco aumentó la eficiencia de gestión de patrimonio en un 42%.

Rendimiento de análisis de datos	2023 métricas
Soluciones de análisis implementadas	487
Procesamiento de datos mensual	2.3 petabytes
Mejora de la eficiencia	42%

UBS Group AG (UBS) - Análisis de mortero: factores legales

Requisitos de cumplimiento estrictos en mercados financieros globales

UBS enfrenta obligaciones integrales de cumplimiento regulatorio en múltiples jurisdicciones. El banco asigna CHF 1.2 mil millones anuales para la infraestructura de cumplimiento y gestión de riesgos. Los requisitos de capital de Basilea III exigen una relación mínima de nivel de equidad común 1 (CET1) del 13,5% para UBS.

Métrico de cumplimiento regulatorio	Valor específico
Gasto anual de cumplimiento	CHF 1.2 mil millones
Requisito de relación de capital CET1	13.5%
Jurisdicciones de informes regulatorios	23 países

Desafíos legales continuos relacionados con temas históricos y regulatorios

UBS continúa administrando procedimientos legales históricos. En 2023, el banco enfrentó gastos de litigio por un total de CHF 456 millones relacionados con investigaciones regulatorias anteriores.

Categoría de disputas legales	Impacto financiero
Gastos de litigio	CHF 456 millones
Casos legales pendientes	37 procedimientos activos

Aumento de las regulaciones de transparencia en la banca internacional

UBS cumple con extensos estándares de transparencia internacional, incluidas FATCA y CRS. El banco mantiene mecanismos de informes integrales En 42 jurisdicciones.

Regulación de transparencia	Detalles de cumplimiento
Jurisdicciones cubiertas	42 países
Informes anuales de cumplimiento	Más de 1.2 millones de declaraciones de clientes

Marcos legales transfronterizos complejos que afectan las operaciones globales

UBS navega por intrincados entornos legales transfronterizos, manteniendo el cumplimiento en múltiples regulaciones financieras internacionales. El banco opera menos de 17 marcos regulatorios distintos a nivel mundial.

Métrica legal transfronteriza	Valor específico
Marcos regulatorios	17 sistemas distintos
Equipos de cumplimiento internacional	426 profesionales legales
Inversión anual de cumplimiento legal	CHF 782 millones

UBS Group AG (UBS) - Análisis de mortero: factores ambientales

Creciente compromiso con las finanzas sostenibles y las estrategias de inversión ecológica

UBS cometió CHF 1 billón de inversiones sostenibles para 2025. A partir de 2023, el banco ya ha asignado a CHF 732 mil millones a estrategias de inversión sostenibles.

Categoría de inversión sostenible	Capital asignado (CHF mil millones)	Porcentaje de cartera total
Enlaces verdes	214	29.2%
Fondos de ESG Equity	287	39.2%
Fondos de transición climática	231	31.6%

Aumento de la presión para reducir la huella de carbono en las operaciones bancarias

UBS tiene como objetivo reducir las emisiones operativas de carbono en un 75% para 2030, con emisiones actuales a 180,000 toneladas métricas CO2 equivalente en 2023.

Objetivo de reducción de emisiones	Año base	Año objetivo	Porcentaje de reducción
Emisiones operativas de carbono	2019	2030	75%

La evaluación del riesgo climático se vuelve integral para la toma de decisiones de inversión

UBS ha integrado la evaluación del riesgo climático en el 98% de sus procesos de análisis de inversiones, con un equipo dedicado de gestión de riesgos climáticos de 42 profesionales especializados.

Desarrollo de productos y servicios financieros sostenibles para clientes ambientalmente conscientes

UBS lanzó 17 nuevos productos financieros sostenibles en 2023, con un valor total de 4.300 millones de CHC, dirigidos a inversores institucionales y privados de consciente ambiental.

Tipo de producto	Número de productos	Valor total (Billion de CHF)
Fondos de inversión verde	8	2.1
Bonos de transición climática	5	1.4
ETF sostenibles	4	0.8

UBS Group AG (UBS) - PESTLE Analysis: Social factors

You're looking at how societal shifts are shaping the landscape for UBS Group AG right now, heading into late 2025. The social fabric around banking is changing fast, driven by internal restructuring, client demographics, and technology adoption. We need to map these trends to concrete actions, because ignoring them means missing out on growth or mismanaging reputation.

Integration-related job cuts continue, impacting employee morale and public perception

The massive integration of Credit Suisse is still a defining social factor for UBS Group AG. While the bank is making excellent progress on cost savings-hitting 70% of the targeted $13 billion reduction by the end of 2026-the headcount reduction is slower than initially planned internally. As of mid-2025, the workforce stood at 105,000 full-time employees, a significant drop from the 119,000 after the acquisition in June 2023, but still above the internal target of 85,000 by the end of 2026. This ongoing process, even if leaning on attrition and early retirement, creates uncertainty and definitely impacts morale. Public perception hinges on how smoothly this transition is managed and how the bank supports those affected.

Here's the quick math on the workforce reduction effort:

Metric	Value as of Mid-2025 / End of 2026 Target
Headcount (Mid-2025)	105,000
Headcount (Post-Acquisition, June 2023)	Over 119,000
Target Cost Savings by End-2026	$13 billion
Cost Savings Achieved (as of late 2025)	70%
Internal Target Headcount (End-2026)	85,000

What this estimate hides is the regional variation in attrition; cuts were faster in areas like the Investment Bank and the U.S. initially.

Global Wealth Management saw strong quarterly net new assets of $38 billion in Q3 2025

On the client-facing side, the Global Wealth Management division is showing strong momentum, which is a huge social positive for the firm's standing. In the third quarter of 2025, the division brought in $38 billion in net new assets. This inflow pushed the year-to-date total to $92 billion, putting UBS Group AG close to its full-year ambition of $100 billion in NNA. This success shows that despite internal noise, clients are still trusting the firm with their capital, especially with strong generation of assets in Switzerland, EMEA, and APAC, which helped offset outflows in the Americas.

Shift to digital banking demands a defintely different client service model

The move toward digital interaction is reshaping how UBS Group AG must serve its clients. We know that high adoption rates exist-with 77% of personal banking clients and 81% of corporate and institutional clients already digital in a prior reporting period-and this trend has only accelerated. This means the traditional, high-touch service model for all client tiers is no longer efficient or what many clients expect. For instance, past strategy has involved segmenting clients with assets between $500,000 and $5 million to rely more heavily on technology, limiting direct financial advisor time. If onboarding takes 14+ days, churn risk rises.

The new service model must focus on:

• Integrating AI and automation into client journeys.
• Providing seamless digital access to complex products.
• Reserving high-touch advisor time for the highest-value interactions.
• Ensuring digital onboarding is fast and intuitive.

Focus on wealth transfer to younger, more socially-conscious generations

The 'Great Wealth Transfer' is a massive social and business opportunity for UBS Group AG. Globally, over $83 trillion is expected to transfer over the next 20 to 25 years, with $105 trillion flowing to heirs. The Next Gens-Millennials and Gen Z-are not just passive recipients; they are shaping how that wealth is managed. They prioritize impact returns and show a strong commitment to environment and social justice in their giving and investing. UBS already serves over 1,850 next-gen clients across 75 countries, indicating a deep, established focus on this demographic shift. This requires advisors to be fluent in purpose-driven finance, not just traditional asset allocation.

Finance: draft 13-week cash view by Friday.

UBS Group AG (UBS) - PESTLE Analysis: Technological factors

You are navigating a massive technological pivot, driven by the need to absorb Credit Suisse while simultaneously deploying cutting-edge tools like AI across the combined entity. The technology stack is the backbone of your future efficiency and client offering, so execution here is non-negotiable.

Rolled out in-house AI assistant and Microsoft Copilot to over 85,000 employees

The push to embed artificial intelligence into daily workflows is aggressive. UBS has already rolled out its proprietary AI assistant, named "Red", to 52,000 employees as of mid-2025. This tool is designed to give staff intelligent access to the firm's vast research and product information library, essentially making institutional knowledge instantly searchable. Plus, the firm is deploying M365 Copilot across the organization. Honestly, the adoption rate is already showing up in usage stats; the bank processed 8 million AI tool prompts across all its tools in the second quarter of 2025 alone. The goal is to have the AI assistant generally available to all employees by the first half of 2026. This focus on internal productivity is a clear strategic move.

Here's a quick look at the scale of the AI deployment effort:

• Proprietary AI Assistant "Red" rollout: 52,000 employees reached by Q3 2025.
• General availability target for "Red": First half of 2026.
• AI Tool Prompts processed in Q2 2025: 8 million.
• Live AI Use Cases supported by Group: Over 300.

Massive IT integration of Credit Suisse platforms requires flawless execution

The integration of Credit Suisse's technology platforms remains a defining, complex challenge. While the legal merger happened in mid-2024, the heavy lifting of migrating client accounts and decommissioning legacy systems is slated to run through 2026. Specifically, the migration of Swiss retail clients is expected to keep legacy Credit Suisse systems active until around March 2026. Any hiccup here-a data mapping error or a system outage during a migration wave-directly impacts client trust and operational cost targets. You need to ensure the teams managing the Swiss business migrations, which started in Q2 2025, are hitting every milestone.

Increased investment in cybersecurity is crucial due to expanded digital footprint

With the combined entity managing a larger digital footprint and processing trillions in invested assets, the threat surface has undeniably grown. UBS confirms it continuously focuses resources and investments on critical cyber and information security capabilities to safeguard client data and commercial information. This isn't just about compliance; it's about maintaining the confidentiality, integrity, and availability of data in a landscape where threats are constantly increasing in volume and sophistication. The bank's multilayered, risk-based approach, underpinned by a Group AI policy and mandatory annual compliance affirmation from all staff, shows they know the stakes are high.

AI infrastructure spending drives new investment opportunities for clients

Your investment teams are actively translating the global AI boom into client-facing products. While UBS's internal capex is proprietary, your Chief Investment Office (CIO) research highlights the massive external spending environment that clients are looking to capitalize on. For instance, the CIO forecasts global AI capital expenditure spending to reach approximately USD 423 billion in 2025, up from an earlier estimate of USD 375 billion. Another internal estimate projects global AI spending to hit USD 360 billion in 2025, with growth to USD 480 billion in 2026. These figures underscore the demand for exposure across the value chain-semiconductors, software, and cloud infrastructure-which UBS must package into compelling investment theses for wealth management clients.

The key investment themes driven by this tech spending include:

• Training for LLM/model providers.
• Inference for consumer-facing products.
• Building and managing enterprise AI applications.

What this estimate hides is the specific allocation UBS Asset Management is making to these themes, but the external market signal is loud and clear: technology investment is accelerating.

Finance: draft the 2026 technology budget proposal, focusing on a 15% increase for AI governance and integration risk mitigation by next Tuesday.

UBS Group AG (UBS) - PESTLE Analysis: Legal factors

You're looking at a legal landscape for UBS Group AG that is less about new, unexpected threats and more about the massive, ongoing digestion of the Credit Suisse acquisition, all while Swiss regulators are tightening the screws. Honestly, the biggest legal story right now is the sheer scale of the bank and what Bern wants you to hold in reserve to prove you can survive a crisis without taxpayer help.

Heightened Scrutiny on 'Too Big to Fail' Rules

FINMA, the Swiss Financial Market Supervisory Authority, is definitely keeping a close eye on UBS now that it's the sole Global Systemically Important Bank (G-SIB) in Switzerland. The government's reaction to the Credit Suisse collapse has been swift and focused on capital. In September 2025, the Federal Council launched a consultation on amendments to the Banking Act to strengthen these 'Too Big to Fail' rules.

This translates directly into a massive capital ask. UBS has stated that if the proposed measures were implemented as of Q1 2025, it would need to hold an additional estimated $24 billion in Common Equity Tier 1 (CET1) capital on a pro-forma basis. This would push the total required CET1 capital up to $42 billion. To be fair, UBS has made progress; FINMA noted improved resolvability as of December 31, 2024, but they suspended the review of the recovery plan again in 2025 because the integration is still in flux.

The key actions regulators want include:

• Stricter capital requirements for foreign subsidiaries.
• Introduction of a senior managers regime.
• Additional powers for FINMA itself.

Managing Litigation and Legacy Legal Risks

Inheriting Credit Suisse means inheriting its legal baggage, and that has a real dollar cost you need to track. You'll remember UBS set aside a substantial $4 billion in legal provisions when the deal closed to cover these inherited issues. We've seen some of that money put to work in 2025.

For example, UBS resolved a U.S. DOJ tax probe related to Credit Suisse's past dealings by agreeing to pay $511 million, a charge expected in Q2 2025 results. Furthermore, in August 2025, another legacy matter was closed when UBS paid the DOJ $300 million to settle outstanding Consumer Relief Obligations related to the 2017 Residential Mortgage-Backed Securities (RMBS) settlement. Still, the AT1 bond lawsuits in the U.S. remain a major overhang, with potential liability that could exceed $10 billion in a worst-case scenario.

Here's a quick look at the major legacy financial liabilities still in play as of mid-2025:

Legacy Liability Area	Reported/Estimated Value	Status/Key Metric
Initial Legal Provisions (Total Set Aside)	$4 billion	Set aside during 2023 acquisition
DOJ Tax Evasion Settlement (Paid in 2025)	$511 million	Recorded in Q2 2025 results
RMBS Consumer Relief Settlement (Paid Aug 2025)	$300 million	Resolved outstanding obligations
Unresolved RMBS Obligation	$2.8 billion (Principal)	Only 13% of required relief delivered
Potential AT1 Bond Litigation Exposure	Up to $10 billion	Contingent on U.S. court rulings

Compliance Burden Rises with EU Sustainability Reporting

The compliance team definitely has more on its plate because of the EU's Corporate Sustainability Reporting Directive (CSRD). This directive requires broader sustainability disclosures, and for financial entities like UBS, it meant reporting on EU Taxonomy alignment within non-financial statements for the 2024 fiscal year, with reporting due in 2025. You have to appreciate the push for transparency, but aligning all the disparate data systems from the merger to meet these granular, new standards is a significant operational lift. We are seeing UBS actively working to align its frameworks to meet these evolving disclosure requirements.

Streamlining Global Legal Entity Structure

The integration isn't just about merging offices; it's about creating one efficient legal machine out of two giants. UBS has made solid headway here. As of the end of 2024, more than 90% of all legacy Credit Suisse assets held outside of Switzerland had been migrated onto UBS platforms. The overall goal for full integration is set for the end of 2026, which aligns with the $13 billion gross cost reduction target. This streamlining, which includes efforts like the historical 'Rigi' project to centralize deposits, is crucial for cutting costs and improving operational agility post-merger.

Finance: draft the 13-week cash flow view incorporating the Q2 2025 settlement payments by Friday.

UBS Group AG (UBS) - PESTLE Analysis: Environmental factors

You're looking at how the physical world and the push for sustainability are reshaping the banking landscape, which is a huge deal for a firm the size of UBS. Honestly, the environmental factor is no longer just about PR; it's baked into capital requirements and client expectations. We need to map out UBS's concrete commitments and where the rubber meets the road on their climate strategy.

Revised net-zero operations target extended to 2035 due to the larger real estate portfolio

Following the Credit Suisse acquisition, UBS had to adjust its internal targets. The goal for net zero across their own operations (Scope 1 and 2 emissions) is now set for 2035, a ten-year extension from the previous target, mainly because the combined corporate real estate footprint is much larger. This isn't a retreat, though; they've set a tough interim goal to cut Scope 1 and 2 emissions by 57% by 2030, using 2023 as the baseline. The 2035 target is aggressive: reduce emissions by at least 90% before neutralizing any remaining bits with high-quality carbon removals.

They are also focusing on their supply chain, engaging key vendors to declare their emissions and set net-zero-aligned goals by 2026.

Committed to sourcing 100% renewable electricity by 2026 in feasible markets

To tackle energy use directly, UBS has a firm commitment to source 100% of its electricity from qualifying renewable sources by 2026, where credible tracking systems exist. This is a near-term operational win. As of their latest report, they had already hit 99.8% renewable electricity aligned with RE100 standards, which is defintely impressive progress given market conditions.

Here's a quick look at their operational progress against their targets:

Metric	Target Year	Target Reduction/Level (vs. Baseline)	Latest Reported Status (vs. Baseline)
Scope 1 & 2 Net Zero	2035	Net Zero (90% reduction + removals)	35% reduction vs. 2023 baseline (Scope 1 & Net Scope 2)
Renewable Electricity	2026	100% in feasible markets	99.8% achieved
Absolute Energy Consumption	2030	35% reduction vs. 2023 baseline	10% reduction vs. 2023 baseline

Integrating climate risk into traditional risk management and stress-testing frameworks

You can't manage what you don't measure, so UBS is pushing hard to embed climate risk into the core of its operations. They are advancing their multi-year Sustainability and Climate Risk (SCR) Initiative to fully integrate both qualitative and quantitative climate risk considerations into the bank's standard risk management and stress-testing frameworks. This means climate scenarios-like sudden policy shifts or physical events-are now part of assessing credit, market, and liquidity risks.

Regulators are watching this closely. FINMA subjected UBS to two in-depth stress tests in 2024, and the broader regulatory environment, like the 2025 EU-wide stress test, is explicitly incorporating climate risks to check capital resilience. If onboarding takes 14+ days, churn risk rises, and similarly, slow integration of climate risk into stress tests could flag operational weakness to supervisors.

Growing client demand for sustainable finance and ESG-aligned assets

Client appetite for products that align with environmental, social, and governance (ESG) principles is a major growth driver. In their Asset Management division, UBS recorded $64.4 billion in total assets with a net-zero ambition by the end of 2024. That's a significant jump from $35.5 billion at the end of 2023.

This trend mirrors the broader market; the global sustainable finance market hit roughly $895.12 billion in 2024. Global Wealth Management is actively distributing these solutions, helping clients navigate the transition to a low-carbon world.

• Client Demand Driver: Investors are allocating capital to sustainability-focused funds and ETFs.
• ESG Rating: MSCI reaffirmed UBS's AA ESG rating in their first fully consolidated assessment post-acquisition.
• Financing Focus: UBS remains committed to its lending sector decarbonization targets for Scope 3 emissions.

Finance: draft the capital impact assessment for the 2035 net-zero target by next Wednesday.