UBS Group AG (UBS): Analyse du Pestle [Jan-2025 Mise à jour]

Dans le monde dynamique de la finance mondiale, UBS Group AG se tient au carrefour de paysages politiques, économiques et technologiques complexes, naviguant dans un labyrinthe complexe de défis et d'opportunités. Des réglementations bancaires suisses aux technologies numériques émergentes, cette analyse complète du pilon dévoile l'environnement à multiples facettes qui façonne l'une des institutions financières les plus influentes au monde. Plongez profondément dans les facteurs complexes qui stimulent les décisions stratégiques d'UBS, révélant comment les tensions géopolitiques, les changements économiques, les changements sociétaux, les innovations technologiques, les cadres juridiques et les considérations environnementales convergent pour définir la trajectoire mondiale de la banque.

UBS Group AG (UBS) - Analyse du pilon: facteurs politiques

Les réglementations bancaires suisses ont un impact sur les opérations mondiales

Depuis 2024, UBS doit se conformer aux réglementations Swiss Financial Market Supervisory Authority (FINMA), qui comprennent:

Exigence réglementaire	Métrique de conformité
Ratio d'adéquation des capitaux	17,5% (normes Bâle III)
Ratio de couverture de liquidité	136% (exigence minimale: 100%)
Capital réglementaire total	CHF 47,3 milliards

Tensions géopolitiques et stratégies bancaires internationales

Les principaux défis géopolitiques affectant les opérations internationales d'UBS comprennent:

• Les tensions commerciales américaines-chinoises ont un impact sur les stratégies d'investissement mondiales
• Pressions réglementaires de l'Union européenne
• Les sanctions de la conformité dans plusieurs juridictions

Examen réglementaire des services financiers

UBS fait face à une surveillance réglementaire accrue entre les juridictions:

Juridiction	Enquêtes réglementaires	Frais de conformité
États-Unis	3 Investigations actives	CHF 425 millions
Union européenne	2 revues de conformité en cours	CHF 312 millions
Suisse	1 Audit complet	CHF 187 millions

Changements politiques mondiaux et gestion des risques

Stratégies de gestion des risques politiques mises en œuvre par UBS:

• Diversification des portefeuilles d'investissement dans 42 pays
• Cadre d'évaluation des risques géopolitique améliorée
• Surveillance continue des indices de stabilité politique

Budget d'atténuation des risques politiques: CHF 672 millions en 2024.

UBS Group AG (UBS) - Analyse du pilon: facteurs économiques

Les taux d'intérêt fluctuants ont un impact sur la rentabilité des banques et les stratégies d'investissement

Au quatrième trimestre 2023, UBS a déclaré un revenu net d'intérêts de 5,1 milliards de CHF, reflétant l'environnement de taux d'intérêt complexe. Le taux d'intérêt clé de la Banque nationale suisse s'élevait à 1,75% en janvier 2024, influençant directement les stratégies de prêt et d'investissement d'UBS.

Métrique des taux d'intérêt	Valeur (2024)
Taux clé de la banque nationale suisse	1.75%
Revenu des intérêts nets UBS (T4 2023)	CHF 5,1 milliards
Marge d'intérêt net	1.32%

L'incertitude économique mondiale affecte la gestion de la patrimoine et la banque d'investissement

La division mondiale de la gestion de la patrimoine d'UBS a rapporté CHF 5,3 billions dans les actifs investis en décembre 2023, démontrant la résilience au milieu des incertitudes économiques.

Métrique de gestion de la patrimoine	Valeur
Actifs investis totaux	CHF 5,3 billions
Nouveau entrée en argent	CHF 126,4 milliards

La force de Swiss Franc influence les transactions financières internationales

En 2024, le Suisse Franc a maintenu sa résistance, avec un taux de change d'environ 1 CHF = 1,12 USD, ce qui concerne les volumes de transaction internationaux d'UBS.

Métrique de la devise	Valeur
Taux de change CHF / USD	1.12
Volume de transaction transfrontalière	CHF 892 milliards

Les défis économiques en cours en Europe défient le potentiel de croissance d'UBS

Les opérations européennes d'UBS ont été confrontées à des défis, avec le taux de croissance du PIB de la zone euro à 0,5% en 2023, contraignant les stratégies d'étendue potentielles.

Indicateur économique	Valeur
Croissance du PIB de la zone euro (2023)	0.5%
Revenus européens UBS	CHF 14,2 milliards
Croissance du segment du marché européen	2.3%

UBS Group AG (UBS) - Analyse du pilon: facteurs sociaux

Demande croissante d'options d'investissement durables et éthiques

Selon UBS Global Wealth Management, les actifs d'investissement durable ont atteint 3,7 billions de dollars dans le monde en 2022. UBS offre plus de 1 300 stratégies d'investissement durable dans les classes d'actifs. Les investissements axés sur l'ESG représentaient 42% du total des investissements des clients en 2023.

Année	Actifs d'investissement durables	Pourcentage des investissements totaux
2022	3,7 billions de dollars	38%
2023	4,2 billions de dollars	42%

L'évolution des tendances démographiques a un impact sur les services de gestion de la patrimoine

UBS rapporte que les clients Millennial et Gen Z constituent désormais 27% de la clientèle de la gestion de patrimoine. Le transfert moyen de richesse devrait atteindre 68 billions de dollars d'ici 2030. L'intégration numérique a augmenté de 35% pour les clients de moins de 40 ans.

Groupe démographique	Pourcentage de clientèle	Volume d'investissement moyen
Milléniaux	19%	$750,000
Gen Z	8%	$350,000

L'alphabétisation numérique croissante déplace les attentes des clients pour les expériences bancaires

L'utilisation de la plate-forme bancaire numérique UBS a augmenté à 67% en 2023. Les transactions bancaires mobiles ont augmenté de 45% par rapport à 2022. Le taux d'ouverture du compte numérique a atteint 82% pour les nouveaux clients de moins de 45 ans.

Service numérique	2022 Utilisation	2023 Utilisation
Banque mobile	52%	67%
Transactions en ligne	58%	76%

Accent accru sur la diversité et l'inclusion dans la main-d'œuvre du secteur financier

UBS rapporte 38% de représentation féminine dans les postes de gestion en 2023. La représentation des minorités ethniques a atteint 22% sur la main-d'œuvre mondiale. L'embauche de diversité a augmenté de 15% par rapport à l'année précédente.

Métrique de la diversité	Pourcentage de 2022	Pourcentage de 2023
Gestion des femmes	34%	38%
Minorités ethniques	19%	22%

UBS Group AG (UBS) - Analyse du pilon: facteurs technologiques

Investissements importants dans la banque numérique et les technologies financières axées sur l'IA

UBS a investi du CHF 2,5 milliards dans la transformation technologique en 2023, avec 35% alloués à l'infrastructure bancaire numérique. La banque a déployé 1 200 solutions alimentées par AI sur des plateformes de gestion de patrimoine et de banque d'investissement.

Catégorie d'investissement technologique	Attribution du budget (2023)	Domaines d'intervention clés
Infrastructure bancaire numérique	CHF 875 millions	Banque mobile, migration cloud
Technologies financières de l'IA	CHF 425 millions	Trading algorithmique, gestion des risques
Cybersécurité	CHF 350 millions	Détection des menaces, protection des données

La cybersécurité devient critique pour protéger les informations financières des clients

UBS a déclaré avoir investi du CHF 350 millions dans les mesures de cybersécurité en 2023. La banque a connu 12 453 tentatives de cyber-intrusions, bloquant avec succès 99,87% des violations potentielles de sécurité.

Métrique de la cybersécurité	2023 statistiques
Tentes totales de cyberattaques	12,453
Attaques bloquées avec succès	99.87%
Temps de réponse moyen pour menacer	6,2 minutes

Les technologies de blockchain et de crypto-monnaie défient les modèles bancaires traditionnels

UBS a participé à des initiatives de blockchain avec 175 millions de CHF investies dans la recherche sur les crypto-monnaies et la blockchain. La Banque a traité 23 450 transactions compatibles avec la blockchain en 2023.

Catégorie d'investissement de blockchain	Valeur 2023
Investissement en recherche	CHF 175 millions
Blockchain Transactions	23,450
Volume de trading de crypto-monnaie	CHF 1,2 milliard

Analyse avancée des données transformant la gestion de la patrimoine et les services à la clientèle

UBS a déployé 487 Advanced Data Analytics Solutions, Traitement 2.3 Petaoctets de données financières du client mensuellement. L'analyse prédictive de la banque a augmenté l'efficacité de gestion de la patrimoine de 42%.

Performance d'analyse des données	2023 métriques
Solutions d'analyse déployées	487
Traitement des données mensuelles	2.3 pétaoctets
Amélioration de l'efficacité	42%

UBS Group AG (UBS) - Analyse du pilon: facteurs juridiques

Exigences de conformité strictes sur les marchés financiers mondiaux

UBS fait face à des obligations de conformité réglementaire complètes dans plusieurs juridictions. La banque alloue 1,2 milliard de CHF par an pour la conformité et l'infrastructure de gestion des risques. Les exigences de capital de Bâle III obligent un ratio minimal de niveau de capitaux propres 1 (CET1) de 13,5% pour UBS.

Métrique de la conformité réglementaire	Valeur spécifique
Dépenses de conformité annuelles	CHF 1,2 milliard
Exigence de ratio de capital CET1	13.5%
Juridictions de rapport réglementaire	23 pays

Défices juridiques en cours liés aux problèmes d'impôt historique et réglementaires

UBS continue de gérer les procédures judiciaires historiques. En 2023, la banque a dû faire face à des frais de litige totalisant 456 millions de CHF liés aux enquêtes réglementaires antérieures.

Catégorie de litige juridique	Impact financier
Frais de litige	CHF 456 millions
Affaires juridiques en attente	37 Actes actifs

Augmentation des réglementations de transparence dans la banque internationale

UBS est conforme à de vastes normes de transparence internationale, notamment la FATCA et le CRS. La banque maintient Mécanismes de rapports complets à travers 42 juridictions.

Régulation de transparence	Détails de la conformité
Juridictions couvertes	42 pays
Représentation de la conformité annuelle	Plus de 1,2 million de déclarations de clients

Cadres juridiques transfrontaliers complexes affectant les opérations mondiales

UBS navigue sur des environnements juridiques transfrontaliers complexes, en maintenant la conformité dans plusieurs réglementations financières internationales. La banque opère sous 17 cadres réglementaires distincts dans le monde.

Métrique juridique transfrontalière	Valeur spécifique
Cadres réglementaires	17 systèmes distincts
Équipes de conformité internationales	426 professionnels du droit
Investissement annuel de conformité juridique	CHF 782 millions

UBS Group AG (UBS) - Analyse du pilon: facteurs environnementaux

Engagement croissant envers la finance durable et les stratégies d'investissement vert

UBS a commis CHF 1 billion vers l'investissement durable d'ici 2025. En 2023, la banque a déjà alloué CHF 732 milliards à des stratégies d'investissement durables.

Catégorie d'investissement durable	Capital alloué (milliards de chf)	Pourcentage du portefeuille total
Obligations vertes	214	29.2%
Fonds d'équité ESG	287	39.2%
Fonds de transition climatique	231	31.6%

Pression croissante pour réduire l'empreinte carbone dans les opérations bancaires

UBS vise à réduire les émissions opérationnelles de carbone de 75% d'ici 2030, avec des émissions actuelles à 180 000 tonnes métriques CO2 équivalent en 2023.

Cible de réduction des émissions	Année de base	Année cible	Pourcentage de réduction
Émissions de carbone opérationnelles	2019	2030	75%

L'évaluation des risques climatiques fait partie intégrante de la prise de décision d'investissement

UBS a intégré une évaluation des risques climatiques dans 98% de ses processus d'analyse des investissements, avec une équipe de gestion des risques climatiques dédiée de 42 professionnels spécialisés.

Développer des produits et services financiers durables pour les clients soucieux de l'environnement

UBS a lancé 17 nouveaux produits financiers durables en 2023, avec une valeur totale de 4,3 milliards de CHF, ciblant les investisseurs institutionnels et privés soucieux de l'environnement.

Type de produit	Nombre de produits	Valeur totale (milliards de chf)
Fonds d'investissement vert	8	2.1
Liaisons de transition climatique	5	1.4
ETF durables	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.