UBS Group AG (UBS): Análise de Pestle [Jan-2025 Atualizado]

No mundo dinâmico das finanças globais, o UBS Group AG fica na encruzilhada de paisagens políticas, econômicas e tecnológicas complexas, navegando em um intrincado labirinto de desafios e oportunidades. Desde regulamentos bancários suíços até tecnologias digitais emergentes, essa análise abrangente de pestles revela o ambiente multifacetado que molda uma das instituições financeiras mais influentes do mundo. Mergulhe profundamente nos fatores intrincados que levam as decisões estratégicas do UBS, revelando como as tensões geopolíticas, mudanças econômicas, mudanças sociais, inovações tecnológicas, estruturas legais e considerações ambientais convergem para definir a trajetória global do banco.

UBS GROUP AG (UBS) - Análise de pilão: Fatores políticos

Os regulamentos bancários suíços impactam as operações globais

A partir de 2024, o UBS deve cumprir os regulamentos da Autoridade de Supervisão do Mercado Financeiro (FINMA) suíços, que incluem:

Requisito regulatório	Métrica de conformidade
Índice de adequação de capital	17,5% (padrões de Basileia III)
Índice de cobertura de liquidez	136% (requisito mínimo: 100%)
Capital regulatório total	CHF 47,3 bilhões

Tensões geopolíticas e estratégias bancárias internacionais

Os principais desafios geopolíticos que afetam as operações internacionais do UBS incluem:

• Tensões comerciais americanas-China que afetam estratégias de investimento global
• Pressões regulatórias da União Europeia
• Sanções conformidade em várias jurisdições

Escrutínio regulatório em serviços financeiros

O UBS enfrenta o aumento do monitoramento regulatório entre as jurisdições:

Jurisdição	Investigações regulatórias	Custos de conformidade
Estados Unidos	3 investigações ativas	CHF 425 milhões
União Europeia	2 revisões de conformidade em andamento	CHF 312 milhões
Suíça	1 Auditoria abrangente	CHF 187 milhões

Mudanças políticas globais e gerenciamento de riscos

Estratégias de gerenciamento de riscos políticos implementados pelo UBS:

• Diversificação de portfólios de investimento em 42 países
• Quadro de avaliação de risco geopolítico aprimorado
• Monitoramento contínuo de índices de estabilidade política

Orçamento de mitigação de risco político: CHF 672 milhões em 2024.

UBS GROUP AG (UBS) - Análise de pilão: Fatores econômicos

As taxas de juros flutuantes afetam a lucratividade bancária e as estratégias de investimento

A partir do quarto trimestre 2023, o UBS relatou receita de juros líquidos de 5,1 bilhões de CHF, refletindo o ambiente complexo da taxa de juros. A principal taxa de juros do Swiss National Bank ficou em 1,75% em janeiro de 2024, influenciando diretamente as estratégias de empréstimos e investimentos da UBS.

Métrica da taxa de juros	Valor (2024)
Taxa -chave bancária nacional suíça	1.75%
Receita de juros líquidos do UBS (Q4 2023)	CHF 5,1 bilhões
Margem de juros líquidos	1.32%

A incerteza econômica global afeta o gerenciamento de patrimônio e o banco de investimento

Divisão de Gerenciamento Global de Redação do UBS relatada CHF 5,3 trilhões Em ativos investidos em dezembro de 2023, demonstrando resiliência em meio a incertezas econômicas.

Métrica de gerenciamento de patrimônio	Valor
Total de ativos investidos	CHF 5,3 trilhões
Informe de entrada de dinheiro da rede	CHF 126,4 bilhões

A força suíça de Franc influencia transações financeiras internacionais

Em 2024, o franco suíço manteve sua força, com uma taxa de câmbio de aproximadamente 1 CHF = 1,12 USD, impactando os volumes de transações internacionais do UBS.

Métrica de moeda	Valor
Taxa de câmbio CHF/USD	1.12
Volume de transação transfronteiriça	CHF 892 bilhões

Os desafios econômicos em andamento na Europa desafiam o potencial de crescimento do UBS

As operações européias do UBS enfrentaram desafios, com a taxa de crescimento do PIB da zona do euro em 0,5% em 2023, restringindo potenciais estratégias de expansão.

Indicador econômico	Valor
Crescimento do PIB da zona do euro (2023)	0.5%
UBS Receita Europeia	CHF 14,2 bilhões
Crescimento europeu de segmento de mercado	2.3%

UBS GROUP AG (UBS) - Análise de pilão: Fatores sociais

Crescente demanda por opções de investimento ético e sustentável

De acordo com o Global Wealth Management, os ativos de investimento sustentável atingiram US $ 3,7 trilhões globalmente em 2022. O UBS oferece mais de 1.300 estratégias de investimento sustentável nas classes de ativos. Os investimentos focados em ESG representaram 42% do total de investimentos de clientes em 2023.

Ano	Ativos de investimento sustentável	Porcentagem do total de investimentos
2022	US $ 3,7 trilhões	38%
2023	US $ 4,2 trilhões	42%

A mudança das tendências demográficas afeta os serviços de gerenciamento de patrimônio

O UBS relata que os clientes da geração do milênio e da geração Z agora constituem 27% da clientela de gerenciamento de patrimônio. A transferência média de riqueza espera atingir US $ 68 trilhões até 2030. A integração digital aumentou 35% para clientes com menos de 40 anos.

Grupo demográfico	Porcentagem de clientela	Volume médio de investimento
Millennials	19%	$750,000
Gen Z	8%	$350,000

A crescente alfabetização digital muda as expectativas do cliente para experiências bancárias

O uso da plataforma bancária digital do UBS aumentou para 67% em 2023. As transações bancárias móveis cresceram 45% em comparação com 2022. A taxa de abertura da conta digital atingiu 82% para novos clientes com menos de 45 anos.

Serviço digital	2022 Uso	2023 Uso
Mobile Banking	52%	67%
Transações online	58%	76%

Maior foco na diversidade e inclusão na força de trabalho do setor financeiro

O UBS relata 38% de representação feminina em cargos de gerenciamento em 2023. A representação das minorias étnicas atingiu 22% na força de trabalho global. A contratação de diversidade aumentou 15% em comparação com o ano anterior.

Métrica de diversidade	2022 porcentagem	2023 porcentagem
Gestão feminina	34%	38%
Minorias étnicas	19%	22%

UBS GROUP AG (UBS) - Análise de pilão: Fatores tecnológicos

Investimentos significativos em bancos digitais e tecnologias financeiras orientadas pela IA

O UBS investiu CHF 2,5 bilhões em transformação de tecnologia em 2023, com 35% alocados à infraestrutura bancária digital. O banco implantou 1.200 soluções movidas a IA nas plataformas de gestão e banco de investimentos de patrimônio.

Categoria de investimento em tecnologia	Alocação de orçamento (2023)	Principais áreas de foco
Infraestrutura bancária digital	CHF 875 milhões	Banco móvel, migração em nuvem
Tecnologias financeiras da IA	CHF 425 milhões	Negociação algorítmica, gerenciamento de riscos
Segurança cibernética	CHF 350 milhões	Detecção de ameaças, proteção de dados

A segurança cibernética se torna crítica para proteger as informações financeiras do cliente

O UBS relatou investir CHF 350 milhões em medidas de segurança cibernética em 2023. O banco experimentou 12.453 tentativas de invasão cibernética, bloqueando com sucesso 99,87% das possíveis violações de segurança.

Métrica de segurança cibernética	2023 Estatísticas
Total de tentativas de ataque cibernético	12,453
Ataques bloqueados com sucesso	99.87%
Tempo médio de resposta à ameaça	6,2 minutos

Tecnologias de blockchain e criptomoedas desafiam modelos bancários tradicionais

O UBS participou de iniciativas de blockchain com CHF 175 milhões investiram em pesquisa de criptomoeda e blockchain. O banco processou 23.450 transações habilitadas para blockchain em 2023.

Categoria de investimento em blockchain	2023 valor
Investimento em pesquisa	CHF 175 milhões
Transações de blockchain	23,450
Volume de negociação de criptomoeda	CHF 1,2 bilhão

Analítica de dados avançada transformando o gerenciamento de patrimônio e os serviços ao cliente

O UBS implantou 487 soluções avançadas de análise de dados, processando 2.3 petabytes de dados financeiros do cliente mensalmente. A análise preditiva do banco aumentou a eficiência do gerenciamento de patrimônio em 42%.

Desempenho da análise de dados	2023 Métricas
Analytics Solutions implantado	487
Processamento mensal de dados	2.3 Petabytes
Melhoria de eficiência	42%

UBS GROUP AG (UBS) - Análise de Pestle: Fatores Legais

Requisitos rigorosos de conformidade nos mercados financeiros globais

O UBS enfrenta obrigações abrangentes de conformidade regulatória em várias jurisdições. O Banco aloca CHF 1,2 bilhão anualmente para obter infraestrutura de conformidade e gerenciamento de riscos. Os requisitos de capital de Basileia III exigem uma proporção mínima de nível de patrimônio líquido 1 (CET1) de 13,5% para o UBS.

Métrica de conformidade regulatória	Valor específico
Despesas anuais de conformidade	CHF 1,2 bilhão
Requisito de relação de capital CET1	13.5%
Jurisdições de relatórios regulatórios	23 países

Desafios legais contínuos relacionados a questões tributárias e regulatórias históricas

O UBS continua gerenciando procedimentos legais históricos. Em 2023, o banco enfrentou despesas de litígio, totalizando CHF 456 milhões relacionadas a investigações regulatórias anteriores.

Categoria de disputa legal	Impacto financeiro
Despesas de litígio	CHF 456 milhões
Casos legais pendentes	37 Procedimentos ativos

Regulamentos de transparência aumentados em bancos internacionais

O UBS está em conformidade com extensos padrões internacionais de transparência, incluindo FATCA e CRS. O banco mantém mecanismos abrangentes de relatórios em 42 jurisdições.

Regulação da transparência	Detalhes da conformidade
Jurisdições cobertas	42 países
Relatórios anuais de conformidade	Mais de 1,2 milhão de declarações de clientes

Estruturas legais transfronteiriças complexas que afetam operações globais

O UBS navega por ambientes jurídicos transfronteiriços intrincados, mantendo a conformidade em vários regulamentos financeiros internacionais. O banco opera sob 17 estruturas regulatórias distintas em todo o mundo.

Métrica legal transfronteiriça	Valor específico
Estruturas regulatórias	17 sistemas distintos
Equipes internacionais de conformidade	426 Profissionais Jurídicos
Investimento anual de conformidade legal	CHF 782 milhões

UBS GROUP AG (UBS) - Análise de Pestle: Fatores Ambientais

Compromisso crescente com as estratégias de finanças e investimentos verdes sustentáveis

O UBS cometeu CHF 1 trilhão em relação ao investimento sustentável até 2025. A partir de 2023, o banco já alocou CHF 732 bilhões para estratégias de investimento sustentável.

Categoria de investimento sustentável	Capital alocado (CHF bilhão)	Porcentagem de portfólio total
Ligações verdes	214	29.2%
ESG Fundos de Equidade	287	39.2%
Fundos de transição climática	231	31.6%

Aumento da pressão para reduzir a pegada de carbono nas operações bancárias

O UBS pretende reduzir as emissões operacionais de carbono em 75% até 2030, com emissões atuais a 180.000 toneladas de CO2 equivalentes em 2023.

Alvo de redução de emissão	Ano base	Ano -alvo	Porcentagem de redução
Emissões operacionais de carbono	2019	2030	75%

Avaliação de risco climático tornando-se parte integrante da tomada de decisão de investimento

O UBS integrou a avaliação de riscos climáticos em 98% de seus processos de análise de investimento, com uma equipe dedicada de gerenciamento de riscos climáticos de 42 profissionais especializados.

Desenvolvimento de produtos e serviços financeiros sustentáveis ​​para clientes ambientalmente conscientes

O UBS lançou 17 novos produtos financeiros sustentáveis ​​em 2023, com o valor total do CHF 4,3 bilhões, direcionando os investidores institucionais e privados ambientalmente conscientes.

Tipo de produto	Número de produtos	Valor total (CHF bilhão)
Fundos de investimento verde	8	2.1
Títulos de transição climática	5	1.4
ETFs sustentáveis	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.