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Bank
UBSSwitzerland

Active

This profile is actively maintained
Last update: 2024-12-17 00:00:00
UBS head office. Photo: twicepix via Wikimedia Commons (CC BY SA 2.0)

Active

This profile is actively maintained
Last update: 2024-12-17 00:00:00
Bank info
BankTrack campaigns
All
About
Website http://www.ubs.com
Headquarters
Bahnhofstrasse 45
CH 8098 Zurich
Switzerland
CEO/chair Sergio P. Ermotti
CEO
Supervisor
FINMA
Ownership
listed on NYSE

UBS' shareholders structure can be found here.

UBS was formed through a merger of the Union Bank of Switzerland and the Swiss Bank Corporation in June 1998. UBS is headquartered in Zurich and Basel, and is the world's largest manager of private wealth assets. The bank provides a range of financial services, including investment banking and asset management to corporate, private, and institutional clients.

On March 19th 2023, Swiss President Alain Berset and the Swiss central bank announced that the ailing Swiss bank Credit Suisse is taken over by competitor UBS. The acquisition involves an amount of CHF 3 billion.

On 31 May 2024, UBS AG and Credit Suisse AG have merged, whereby UBS AG is the surviving entity and Credit Suisse AG has ceased to exist. Updates on the acquisition by UBS can be accessed here.

Sustainability
Commitments
Policies
Voluntary standards

UBS' most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Commitments

2024-09-20 00:00:00

Human rights statement

Bank policy
2024-09-20 00:00:00 | UBS
2024-03-27 00:00:00

Our sustainability and climate risk policy framework

Bank policy
2024-03-27 00:00:00 | UBS
2023-02-01 00:00:00

Sustainability Exclusion Policy

Bank policy
2023-02-01 00:00:00 | UBS Asset Management
2022-08-01 00:00:00

Green Funding Framework

Bank policy
2022-08-01 00:00:00 | UBS
2022-06-23 00:00:00

Modern slavery and human trafficking statement

Bank policy
2022-06-23 00:00:00 | UBS
2022-03-08 00:00:00

Code of Conduct and Ethics

Bank policy
2022-03-08 00:00:00 | UBS
2021-05-26 00:00:00

Climate strategy

Bank policy
2021-05-26 00:00:00 | UBS
2021-05-03 00:00:00

Environmental and social risk policy framework 2021

Bank policy
2021-05-03 00:00:00 | UBS
2021-04-28 00:00:00

Net zero and beyond

Bank policy
2021-04-28 00:00:00 | UBS
2020-04-21 00:00:00

Climate-related standards in the enery and utilities sectors

Page 56 of the UBS' CSR report 2019
Bank policy
2020-04-21 00:00:00 | UBS
2019-12-31 00:00:00

UBS in society - constitutional document

Bank policy
2019-12-31 00:00:00 | UBS
2018-07-31 00:00:00

Responsible supply chain standard

Bank policy
2018-07-31 00:00:00 | UBS
2018-02-23 00:00:00

Climate change strategy

Bank policy
2018-02-23 00:00:00 | UBS
UBS has committed itself to the following voluntary standards:
Banking for ImpactTags: corporate social responsibility | environment
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Extractive Industries Transparency InitiativeTags: oil and gas | mining and processing | transparency
Global Reporting InitiativeTags: sustainable development | human rights
IFC - Operating Principles for Impact ManagementTags: investment
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Paris Agreement Capital Transition Assessment (PACTA)Tags: corporate social responsibility
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Roundtable on Sustainable Palm Oil (RSPO)Tags: agriculture | commodities | corporate social responsibility
Soft Commodities CompactTags: Deforestation | forest
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
Thun Group on Human RightsTags: Human Rights
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
Wolfsberg PrinciplesTags: finance | corruption
Dodgy Deals

UBS is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of UBS's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Still banking on false solutions

BankTrack’s False Solutions Tracker shows that most of the 30 banks assessed count finance for harmful technologies towards their sustainable finance targets.
2025-05-20 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

UK banks’ transition plans “not fit for purpose” – regulation needed

None of the 20 biggest UK and European banks has a credible transition plan to align its business with a 1.5°C aligned trajectory
2025-04-29 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

‘Net Zero banks’ turn their back on crucial 1.5ºC climate target

“Overwhelming majority” of Net-Zero Banking Alliance (NZBA) members seeks to loosen obligations on how to reach Paris climate goals.
2025-04-15 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

"UBS – Hands Off Our Oceans!"

Protests at UBS's Annual General Meeting
2025-04-10 | urgewald
BankTrack news BankTrack blog Partner news Partner blog

NZBA to lower climate target and focus on Chinese and Indian banks

Member of net zero alliance’s steering group confirms change to less ambitious ‘well below 2C’ target
2025-04-02 | The Banker
Blog
BankTrack news BankTrack blog Partner news Partner blog

New NGO research uncovers massive greenwashing in European ESG funds

2025-03-19 | Berlin | urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

International CSOs call on banks to rule out finance for controversial Indian steel and coal project

Of 22 financiers of JSW Steel, none committed not to finance the much-opposed Utkal Steel project in Odisha
2025-03-13 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: "At Great Cost: The companies building nuclear weapons and their financiers”

2025-02-18 | ICAN, PAX
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks urged to refuse MUFG’s call to finance Papua LNG

2024-12-18 | ActionAid Australia, Centre for Environmental Law and Community Rights (CELCOR), Friends of the Earth Japan, Japan Center for Sustainable Environment and Society (JACSES), Jubilee Australia Research Centre, Market Forces, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Most large banks still failing to implement UN human rights principles, new BankTrack benchmark finds

Despite gradual progress, banks show little action in addressing impacts, protecting vulnerable groups and supporting affected communities.
2024-11-27 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Most of Europe’s largest 50 banks have rejected EACOP oil pipeline

Over 40 banks globally have ruled out finance for the controversial Uganda-Tanzania pipeline, including 28 European banks. The largest European banks not to have ruled out EACOP finance are UBS, Lloyds, Caixa Bank, Danske Bank, Sberbank and Commerzbank.
2024-11-21 | BankTrack, #StopEACOP
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major ‘coal banks’ refuse to stop financing coal power boom in Asia

To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.
2024-11-14 | Nijmegen | BankTrack, Inclusive Development International, Recourse
BankTrack news BankTrack blog Partner news Partner blog

Exclusive: US scrutinizes Russia accounts UBS took over from Credit Suisse, sources say

2024-11-13 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

European banks channel $230bn to fossil fuel expansion

Banks using transition finance ‘to maintain business as usual’ with fossil fuel companies, non-profits claim
BankTrack mentioned
2024-11-08 | The Banker
Blog
BankTrack news BankTrack blog Partner news Partner blog

European banks’ on-going support for fossil fuels is blocking energy transition

2024-11-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks’ low-ambition and incoherent climate targets put net zero goals at risk – new ShareAction analysis

2024-11-05 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

From COP16: Global NGOs file formal complaint to UNEP over its role in the TNFD

Corporate-driven initiative accused of greenwashing forest destroying companies
2024-10-23 | Cali, Colombia | BankTrack, Forests & Finance Coalition, Friends of the Earth International, Global Forest Coalition, Indigenous Environmental Network, Movimento pelo Soberania Popular no Mineração, Rainforest Action Network, Third World Network, WECAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks fueling biodiversity collapse by $395 billion since the Paris Agreement; Governments failing to reign in banks

New reports reveal escalating financing to destructive sectors and highlight the urgent need for financial sector regulations to achieve Global Biodiversity Goals
2024-10-16 | San Francisco | BankTrack, Amazon Watch, CED Cameroon, Friends of the Earth US, Milieudefensie, Profundo, Rainforest Action Network, Repórter Brasil, Sahabat Alam Malaysia, TuK INDONESIA
Blog
BankTrack news BankTrack blog Partner news Partner blog

How UBS finances the world’s oil and gas expansion

2024-10-10 | Peter Bosshard - Swiss Climate Rambles blog
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global protests call on major banks to stop financing coal miner Adaro

2024-09-30 | Jakarta | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks must overhaul climate targets to deliver emissions cuts, new analysis finds

Reclaim Finance is urging banks to rethink their targets, and in particular to jettison the widely used “financed emissions” and “facilitated emissions” targets.
2024-09-19 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

SNB and UBS: In the crosshairs for investments in private prison companies [DE]

Three NGOs accuse both institutes of violating the OECD Guidelines for Responsible Business Conduct with their investments.
BankTrack mentioned
2024-08-28 | Tippinpoint
Blog
BankTrack news BankTrack blog Partner news Partner blog

Swiss watchdog accepts human rights complaint against UBS Bank over private prison investments

2024-08-28 | New York and Nijmegen | BankTrack, Coalition for Immigrant Freedom, Worth Rises
Blog
BankTrack news BankTrack blog Partner news Partner blog

Frontline communities take the stage at bank AGM’s

AGMs remain crucial for community grievances, while executives seek to limit activist shareholder participation
2024-07-30 | Nijmegen, The Netherlands | Deniz Ozkil – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack set to publish 2024 Global Human Rights Benchmark in November

50 of the world’s largest banks were invited to provide feedback on draft assessments of their human rights disclosures
2024-07-23 | Nijmegen, Netherlands | Giulia Barbos – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

European financial institutions invest billions in arms companies that sell weapons to Israel

2024-06-20 | BankTrack, 11.11.11-Koepel van Internationale Solidariteit, Association France Palestine Solidarité, Cairo Institute for Human Rights Studies (CIHRS), Centre National de Coopération au Développement, European Coordination of Committees and Associations for Palestine, European Legal Support Center, European Trade Union Network for Justice in Palestine, Fagforbundet - Norwegian Union of Municipal and General Employees, FairFin, Handel og Kontor i Norge (HK Norway), International Federation for Human Rights (FIDH), Intersindical Alternativa de Catalunya, Landsorganisasjonen i Norge, Norwegian People, Palestine Solidarity Campaign, PAX, The Rights Forum, Trocaire
Blog
BankTrack news BankTrack blog Partner news Partner blog

Biggest banks finance more carbon pollution than emissions of Italy, Germany, France and UK combined

New report by ReCommon exposes carbon pollution financed by the world’s biggest banks ahead of G7 finance ministers meeting
2024-05-21 | Rome, Italy | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have not quit coal, 8 years after the Paris Agreement

Banks in China dominate global coal financing; those in Indonesia are outliers in having increased finance for coal since 2016
2024-05-03 | Nijmegen | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Three years after attempted coup, international banks still ignore the junta’s violent capture of the Myanmar-China pipelines

2024-02-01 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups file OECD complaint against Swiss and UK banks over private prison stock

Complaint specifies breaches of OECD Guidelines that have led to gross human rights violations
2024-01-16 | New York and Nijmegen | BankTrack, Coalition for Immigrant Freedom, Worth Rises
Blog
BankTrack news BankTrack blog Partner news Partner blog

67 organisations call on banks to cease financing metallurgical coal

Banks risk stranded assets & climate catastrophe in steel lending without metallurgical coal exclusions
2023-12-07 | Nijmegen | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major European banks back mining giant Glencore's toxic legacy in Colombia and Peru

2023-11-16 | Censat, Cinep, CooperAcción, Fair Finance International, Oxfam
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investing in Extinction - How the global financial sector profits from traditional medicine firms using threatened species

2023-10-23 | Environmental Investigation Agency
BankTrack news BankTrack blog Partner news Partner blog

Russian court rules that $20.9 mln in Credit Suisse assets may be seized

https://www.reuters.com/business/finance/russian-court-rules-that-209-mln-credit-suisse-assets-may-be-seized-2023-10-19/
2023-10-19 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

UBS and Santander’s ‘green’ bonds linked to deforesters and rancher accused of slave labour in Brazil

2023-10-17 | Greenpeace Unearthed
BankTrack news BankTrack blog Partner news Partner blog

UBS, Credit Suisse face wider US probe over Russia sanctions, Bloomberg reports

https://www.reuters.com/business/finance/ubs-credit-suisse-face-wider-us-probe-over-russia-sanctions-bloomberg-news-2023-09-27/
2023-09-27 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

“Violence on the land is violence on our bodies”

Appalachian frontline women’s divestment delegation highlights dangers of Mountain Valley Pipeline in meeting with UBS Bank
2023-09-06 | San Francisco Bay Area, United States | Divest Invest Protect, WECAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

UBS drops Credit Suisse’s Russian clients

BankTrack mentioned
2023-07-30 | SwissInfo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financing mining for transition minerals in South Africa: Are banks doing enough on human rights?

New briefing finds banks linked to companies extracting transition minerals are overlooking serious human rights and environmental concerns
2023-04-26 | Business & Human Rights Resource Centre
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

UBS brings back former chief to oversee Credit Suisse takeover

2023-03-29 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

UBS to gain $8bn fossil fuel exposure from Credit Suisse deal as activists warn of ‘climate nightmare’

Historic tie-up between Swiss rivals ‘could add up to a climate nightmare’, Reclaim Finance warns
BankTrack mentioned
2023-03-29 | Dow Jones' Financial News
Blog
BankTrack news BankTrack blog Partner news Partner blog

Top Swiss financial institutions still fuelling climate chaos

Co-published with Collectif BreakFree Suisse & Greenpeace
2023-03-28 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

UBS is buying Credit Suisse’s emissions burden, too

2023-03-22 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Statement to Credit Suisse's clients

2023-03-21 | Credit Suisse press release
BankTrack news BankTrack blog Partner news Partner blog

UBS agrees to takeover of stricken Credit Suisse for $3.25bn

2023-03-20 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Swiss National Bank provides substantial liquidity assistance to support UBS takeover of Credit Suisse

2023-03-19 | Swiss National Bank
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report reveals the 40 financial institutions funding the world's climate-changing methane problem

A new report by Planet Tracker and Changing Markets reveals the top financial institutions funding the world’s biggest methane producers, and the role they can play in turning the tide on global heating.
2023-01-17 | London | Changing Markets, Planet Tracker
Blog
BankTrack news BankTrack blog Partner news Partner blog

Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

2023-01-17 | Paris, France /Nijmegen, Netherlands | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Europe’s largest banks falling short on climate and biodiversity action

New ShareAction research uncovers urgent need for UK and European banking sector to close loopholes in climate and biodiversity strategies
2022-12-12 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Leaders or laggards? Report analyzes net-zero pledges of US banks

Commitments, actions from 6 biggest banks fall far short of what’s needed for global climate goals
2022-11-02 | New York | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Jackdaw shows once again Shell is failing on climate. So why are its bankers failing to act?

2022-07-19 | The Hague, The Netherlands | Sumeyra Arslan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have arranged US$2.7 trillion in bonds for fossil fuel companies

2022-07-12 | Australia | The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Largest European banks bankroll high-risk arms traders

2022-07-12 | PAX
Blog
BankTrack news BankTrack blog Partner news Partner blog

New Report: Financing a Fossil Future – Tracing the Money Pipeline of Fossil Gas in Southeast Asia

Southeast Asia is spiraling into a fossil future thanks to a massive fleet of gas projects
2022-06-03 | Center for Energy, Ecology, and Development (CEED)
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate groups call on Shell’s bankers to stop Jackdaw gas field

UK government’s regulatory approval opens the door for Shell to move ahead with the Jackdaw field
2022-06-03 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

UBS holds $22 bln for Russians subject to Swiss and EU scrutiny

2022-04-26 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs reveal top international companies, banks, and investors that fuel Russia's war machine

2022-04-04 | Berlin | urgewald, Ecodefense
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
BankTrack news BankTrack blog Partner news Partner blog

Climate Groups Press Banks, Asset Managers to Sever Russian Ties

The activists are referring to the financiers as the “Putin 100.”
2022-03-04 | Bloomberg Green
Blog
BankTrack news BankTrack blog Partner news Partner blog

What the war in Ukraine teaches us

Lessons for European governments, companies and financiers - a Profundo Expert View
2022-03-04 | Jan Willem van Gelder - Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Complaint proceedings against UBS discontinued – STP sees a need for financial institutions and the NCP to take action

2021-12-20 | Bern | Society for Threatened Peoples
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks failing to address severe human rights impacts transparently, finds BankTrack research

Findings reinforce the need for regulators to ensure access to effective remedy for people affected by bank finance
2021-12-14 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Barclays, RBS, HSBC, Credit Suisse and UBS fined for taking part in forex trading cartel

2021-12-02 | CNBC
Blog
BankTrack news BankTrack blog Partner news Partner blog

COP26: when will net-zero finance say no to fossil fuel expansion?

Huge pressure from civil society around COP26 pushed the financial sector net-zero alliances to acknowledge that they must tackle fossil fuels
2021-11-19 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
BankTrack news BankTrack blog Partner news Partner blog

‘Wreckers of the Earth’: 300 London-based companies destroying the planet

2021-10-14 | Corporate Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks and biodiversity: are banks moving towards Kunming?

As China hosts the first part of the UN Biodiversity Conference, banks are called upon to support its goals
2021-10-14 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Nominee shareholdings: UN Human Rights office confirms banks’ human rights responsibilities

UN advice clarifies application of the UN Guiding Principles on Business and Human Rights to key financial instrument of relevance to OECD Guidelines case involving UBS and Hikvision
2021-10-05 | BankTrack, OECD Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Letter from ClientEarth to 17 banks regarding the Cambo oil field

2021-09-14 | ClientEarth
Blog
BankTrack news BankTrack blog Partner news Partner blog

North Sea oil field development shows banks’ hypocrisy over climate

ClientEarth sends letter to 17 banks urging them to stop financing Shell and Siccar Point Energy, the companies pushing for the Cambo oil field
2021-09-14 | ClientEarth
Blog
BankTrack news BankTrack blog Partner news Partner blog

New research puts big banks’ sustainability claims in doubt

While 20 of Europe’s 25 largest banks have pledged to reach net-zero emissions by 2050, none have matched these long-term ambitions with comprehensive plans to avert climate change and biodiversity loss
2021-09-06 | London | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

New bank links to Myanmar junta and atrocities found

19 international banks together invest over US$65 billion in shares of companies with ties to the Myanmar military junta
2021-07-28 | BankTrack, Justice For Myanmar
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report: Global banks fail for financing, investment in oil & gas in Amazon rainforest

Banks remain highly exposed to risk of fueling corruption, human rights violations, and environmental harms despite commitments
2021-07-08 | San Francisco | Amazon Watch, Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bondholders challenged JICA to stop supporting coal projects in Bangladesh and Indonesia

2021-06-24 | BankTrack, 350.org Japan, Anthropocene Fixed Income Institute (AFII), Friends of the Earth Japan, JACSES, Kiko Network, Mekong Watch
BankTrack news BankTrack blog Partner news Partner blog

UBS et Credit Suisse accusés d’investir dans des entreprises liées à l’armée birmane

(In French) UBS and Credit Suisse accused of investing in companies linked to the Burmese army
BankTrack mentioned
2021-05-28 | Swissinfo.ch
BankTrack news BankTrack blog Partner news Partner blog

Intl banks asked to suspend investments linked to Myanmar junta

BankTrack mentioned
2021-05-27 | La Prensa Latina Media
Blog
BankTrack news BankTrack blog Partner news Partner blog

Nine international banks invest over US$24 billion in companies linked to Myanmar regime and atrocities

Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, JPMorgan Chase, UBS, Credit Suisse, Morgan Stanley, Bank of America, Wells Fargo and BNP Paribas among the top banks investing in companies linked to the Myanmar military junta
2021-05-27 | BankTrack, Justice For Myanmar
BankTrack news BankTrack blog Partner news Partner blog

စစ်ကောင်စီနဲ့ဆက်စပ်တဲ့ ကုမ္ပဏီ ၁၈ ခုမှာ နိုင်ငံတကာဘဏ် ၉ ခု ပါဝင်ပတ်သက်နေ

(In Burmese) Nine international banks are involved in 18 companies affiliated with the military council
2021-05-27 | Radio Free Asia
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Revealed: Businesses and banks behind global plastic waste crisis

Just 20 companies produce over 50 per cent of all single-use plastic - Top financial institutions enabling plastic waste identified
2021-05-18 | Minderoo Foundation
BankTrack news BankTrack blog Partner news Partner blog

Brandherd mit Dividende

Die Schweizer Grossbank UBS will mit brasilianischen Agrarkonzernen gross ins Geschäft kommen. Im Amazonas Millionen verdienen, aber umweltfreundlich und nachhaltig: Kann das gehen?
2021-04-28 | Republik
Blog
BankTrack news BankTrack blog Partner news Partner blog

New bank climate initiative fails to grasp urgent need to end finance for fossil fuels

Civil society statement on the launch of the Net-Zero Banking Alliance
2021-04-22 | Nijmegen | BankTrack, urgewald, Amazon Watch, Bank on our Future, Indigenous Environmental Network, Market Forces, Positive Money, Rainforest Action Network, Reclaim Finance, ShareAction, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Leading finance firms sign up to Mark Carney forum on low-carbon investment

2021-04-21 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

More than half of Europe’s bank directors too compromised to end fossil fuel finance

2021-04-07 | DeSmog
BankTrack news BankTrack blog Partner news Partner blog

NGOs call on 39 JICA bond underwriters and bondholders to urge JICA to stop supporting coal projects in Bangladesh and Indonesia

2021-03-25 | JACSES, Kiko Network, Friends of the Earth Japan, 350.org Japan, Mekong Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

EUR 146 billion for trash? How banks and the plastics industry are forcing a global environmental catastrophe

2021-03-04 | Berlin | Facing Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Swiss NCP misses the mark on UBS links to mass surveillance of Uighurs

UBS listed as owner of Hikvision shares it buys for its clients, yet Swiss NCP says no business relationship exists
2021-03-03 | BankTrack, OECD Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

Mass surveillance of the Uyghurs: Swiss NCP approves arbitration proceedings against UBS in an unprecedented move

2021-01-28 | Bern, Switzerland | Society for Threatened Peoples
Blog
BankTrack news BankTrack blog Partner news Partner blog

BNP Paribas, Credit Suisse, ING to exclude exports of Ecuadorian Amazon oil from trading activities

Commitments come in response to Amazon Watch, Stand.earth report that exposed how European banks provide USD 10 billion in oil trade financing from Amazon to U.S.
2021-01-25 | Geneva, Switzerland | Amazon Watch, Stand.earth
BankTrack news BankTrack blog Partner news Partner blog

Banking beyond deforestation

How the banking industry can help halt and reverse deforestation
2021-01-18 | Cambridge Institute for Sustainability Leadership
Blog
BankTrack news BankTrack blog Partner news Partner blog

Five years lost - How the finance industry is blowing the Paris carbon budget

2020-12-10 | Paris | urgewald, Center for Energy, Ecology, and Development (CEED), Friends of the Earth US, Rainforest Action Network, Reclaim Finance, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Six years of the Soft Commodities Compact failed to slow bank finance for deforestation

New BankTrack research shows need for banks to move beyond certification requirements
2020-12-01 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

A call to action on the Principles for Responsible Banking: End climate-destructive financing now

2020-10-20
Blog
BankTrack news BankTrack blog Partner news Partner blog

Principles for Responsible Banking no obstacle to finance climate destruction

Twenty PRB banks provided over US$1.25 trillion in fossil fuel financing since Paris Agreement
2020-09-22 | Nijmegen | BankTrack, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report reveals European banks financing trade of controversial Amazon oil to U.S.

Banks in Switzerland, France and the Netherlands facilitate trade from Amazon Sacred Headwaters region in Ecuador, where oil extraction contributes to spills, human rights abuses and climate destruction
2020-08-12 | Geneva, Switzerland | Amazon Watch, Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Mass surveillance of the Uyghurs: STP files complaint against UBS

Society for Threatened Peoples files complaint with the OECD's Swiss National Contact Point regarding UBS' continued relationship with China's Hikvision
2020-06-22 | Switzerland | Society for Threatened Peoples
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Credit Suisse and UBS still enable a tremendous amount of CO2 emissions

2020-05-27 | Zürich | Greenpeace Switzerland
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

UBS names ING’s Ralph Hamers as next chief executive

2020-02-20 | Financial Times
BankTrack news BankTrack blog Partner news Partner blog

The key criminal probes involving Swiss banks

2019-11-27 | Swissinfo.ch
Blog
BankTrack news BankTrack blog Partner news Partner blog

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Aramco IPO: These are the banks and advisers on world's biggest sale

2019-11-03 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Swiss banks are lashing out at climate activists rather than taking action. This has to stop.

2019-10-03 | London
BankTrack news BankTrack blog Partner news Partner blog

Imagine UBS becoming carbon neutral

BankTrack mentioned
2019-08-05 | Republik
BankTrack news BankTrack blog Partner news Partner blog

Climate protesters arrested outside Swiss banks

2019-07-08 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

UBS quietly improves its coal exclusion policy – a bit too weak, a bit too late

No changes to UBS funding restrictions on tar sands and other extreme fossil fuels. Credit Suisse makes no climate positive policy moves.
2019-03-28 | Nijmegen, the Netherlands | BankTrack, Greenpeace
Blog
BankTrack news BankTrack blog Partner news Partner blog

RWE plans destruction of ancient German forest

Top bankers of Europe's biggest CO2 emitter revealed in Fossil Fuel Finance Report Card 2019
2019-03-21 | Greig Aitken – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Tax evasion in Europe exclusive series: France's record fine for UBS

2019-03-09 | EU-OCS
Blog
BankTrack news BankTrack blog Partner news Partner blog

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
BankTrack news BankTrack blog Partner news Partner blog

UBS fined €3.7 billion in tax fraud case

2019-02-20 | BBC News
BankTrack news BankTrack blog Partner news Partner blog

Six Billion Reasons to Go After the Banks

The case for legal action against the big banks that created and profited from Puerto Rico’s debt crisis
2019-02-20 | Public Accountability Initiative
Blog
BankTrack news BankTrack blog Partner news Partner blog

Credit Suisse and UBS financing massive greenhouse gas emissions – new report

2019-01-31 | Geneva, Switzerland | Greenpeace Switzerland
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
Blog
BankTrack news BankTrack blog Partner news Partner blog

Gwich’in Leaders travel to New York to tell banks: Defend the Arctic Refuge

2018-10-29 | Bernadette Demientieff
BankTrack news BankTrack blog Partner news Partner blog

Alaska Natives Call on Banks to Protect the Arctic National Wildlife Refuge From Drilling

2018-10-26 | Earther
Blog
BankTrack news BankTrack blog Partner news Partner blog

AGM briefing: Switzerland's per capita financing of fossil fuels worst in Europe, thanks to Credit Suisse and UBS

2018-04-25 | BankTrack, Greenpeace
Blog
BankTrack news BankTrack blog Partner news Partner blog

Maybank: the single largest palm oil financier

Report by TuK and Profundo finds that several RSPO banks, like HSBC and UBS, invest heavily in Maybank.
2018-02-28 | Jakarta
BankTrack news BankTrack blog Partner news Partner blog

Banks criticised for funding coal deals despite Paris agreement

BankTrack mentioned
2017-12-11 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

TCFD: banks supporting better disclosure are not the ones exiting coal project finance

Bank support for FSB Task Force recommendations is welcome, but reveals lack of joined-up thinking
2017-07-31 | Ryan Brightwell – BankTrack, Yann Louvel – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Credit Suisse and UBS finally move on coal – but they’re still in climate cloud cuckoo land

2017-04-25 | Yann Louvel – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Swiss banks bankrolling illegal deforestation in Africa and East Asia

2017-03-24 | Illegal Deforestation Monitor
Blog
BankTrack news BankTrack blog Partner news Partner blog

Leading banks under fire for misrepresenting human rights responsibilities

Discussion Paper by Thun Group of banks meets series of objections from UN Working Group, John Ruggie and over 30 civil society organisations
2017-02-28 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Multi-billion euro investments out of control: How banks continue to finance violations of human rights and environmental norms

For the fifth consecutive year Facing Finance reports on violations of environmental and social norms and standards by multinational corporations, as documented by international NGOs.
2017-02-09 | Hamburg/Berlin | Facing Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financing of coal industry expansion by top banks undermining Paris Agreement

2016-11-14 | Marrakech, Morocco | BankTrack, Friends of the Earth France, Market Forces, Rainforest Action Network, urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Human Rights Impact Briefing: Labour standards violations in IOI Corporation’s Malaysian plantations

2016-02-16 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
Blog
BankTrack news BankTrack blog Partner news Partner blog

'Record year' for bank coal financing as latest UN climate warning looms

2014-10-29 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Big power out, solar in: UBS urges investors to join renewables revolution

2014-08-28 | Guardian
BankTrack news BankTrack blog Partner news Partner blog

Banks and human rights: Assessing strengths and weaknesses of the Thun Group’s approach

2014-08-11 | Righting Finance
BankTrack news BankTrack blog Partner news Partner blog

BankTrack Blog: Banks and human rights: hopes for progress from the Thun Group?

2014-06-19 | Thun | BankTrack Blog
BankTrack news BankTrack blog Partner news Partner blog

Questions by Paul Corbit Brown at AGM

2014-05-07
Blog
BankTrack news BankTrack blog Partner news Partner blog

Thun Group of Banks agrees to consider remedy for victims of human rights abuse

2014 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack welcomes Thun Group paper on banks and human rights

Call for access to remedy for victims bank-financed human rights abuses
2013-10-11 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

What can UBS learn from Charles Dickens' ghosts

2013-01-05 | South China Morning Post
Blog
BankTrack news BankTrack blog Partner news Partner blog

Don’t bank on the bomb

2012-03-05 | Washington | ICAN
BankTrack news BankTrack blog Partner news Partner blog

Bankrolling Climate Change in the news

2011-12-02 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bankrolling Climate Change

NGOs present groundbreaking research on banks’ involvement in coal financing
2011-11-30 | Durban | urgewald, Earthlife, BankTrack and groundWork
Blog
BankTrack news BankTrack blog Partner news Partner blog

Swiss Banks and Human Rights:

Credit Suisse, UBS and Human Rights
2011-07-14 | Switzerland | Berne Declaration
Blog
BankTrack news BankTrack blog Partner news Partner blog

FSA reveals British banks are failing to turn down corrupt funds

Long overdue recognition shows need for new systems in banks and more effective ongoing monitoring regime by FSA, say campaigners
2011-06-22 | London | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report card exposes largest financers of mountaintop removal coal mining

2011-04-05 | San Fransisco | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Don’t make it easier for dictators to steal

2011-02-24 | London | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

New UBS policy fizzles

Blogpost at the Understory page of RAN
2011-02-07 | United States | Brant Olson, RAN
BankTrack news BankTrack blog Partner news Partner blog

Wikileaks given data on Swiss bank accounts

2011-01-17 | Switzerland | BBC news
BankTrack news BankTrack blog Partner news Partner blog

Swiss bank UBS to change much-mocked dress code

2011-01-17 | The Washington Times
BankTrack news BankTrack blog Partner news Partner blog

Swiss bankers clean up their act

2010-12-21 | San Fransisco | Peter Bosshard, International Rivers
Blog
BankTrack news BankTrack blog Partner news Partner blog

Schweizer Banken auf dem Holzweg

Die Rolle der UBS in Indonesiens Wald- und Torfmoorzerstörung
2010-12-16 | Switserland | Greenpeace Switzerland
Blog
BankTrack news BankTrack blog Partner news Partner blog

Another big bank turns away from mountaintop removal!

2010-11-02 | San Fransisco, US | Amanda Starbuck, RAN
Blog
BankTrack news BankTrack blog Partner news Partner blog

A tale of two Swiss banks

2010-10-20 | San Fransisco, US | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

British banks complicit in Nigerian corruption, court documents reveal

2010-10-11 | London | Global Witness
BankTrack news BankTrack blog Partner news Partner blog

Banks toughen lending rules to coal, PNC & UBS still bucking the trend

Two banks take heat for continuing to fund Massey Energy and mountaintop removal mining
2010-08-27 | United States
BankTrack news BankTrack blog Partner news Partner blog

Like blowing up the Alps: Is Swiss Bank UBS the last financier of Massey's big coal Mayhem?

2010-06-07 | US | The Huffington Post
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report card, largest financers of Mountaintop Removal coal mining

PNC, JPMorgan Chase and UBS receive failing grades
2010-05-13 | San Francisco | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs sound warning over one of year's largest IPOs

2010-04-28 | London | Anna Grigoryeva, Platform-London
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Berne Declaration reveals: Swiss banks cooperate with human rights abusers

2010-04-15 | Zürich | Berne Declaration
BankTrack news BankTrack blog Partner news Partner blog

J.P. Morgan rolls into Calgary

2010-04-05 | Calgary, Canada | Global Investor
Blog
BankTrack news BankTrack blog Partner news Partner blog

Senate shines welcome spotlight on U.S. facilitation of corruption

Private banks facilitate banking services for dictator son
2010-02-03 | Washington DC | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Secret documents reveal multi-million dollar shopping spree by African dictator’s son

US authorities fail to act on evidence of corruption
2009-11-17 | London | Global Witness
Blog
BankTrack news BankTrack blog Partner news Partner blog

Top financial institutions still invest US$20 billion in cluster bombs

Activists call on banks and pension funds to disinvest from banned weapon
2009-10-29 | London | Netwerk Vlaanderen
BankTrack news BankTrack blog Partner news Partner blog

Switzerland, UBS Settle U.S. Tax Case

2009-04-13 | WSJ
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global civil society calls on private banks to withdraw support from Bangladesh coal mine

2008-08-21 | San Francisco, USA | International Accountability Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

UBS alerted over Phulbari Coal mine

Human rights concerns for Bangladesh mine investment
2007-12-17 | Zurich, Utrecht | Berne Declaration
Blog
BankTrack news BankTrack blog Partner news Partner blog

Genocide in Darfur

No business with death
2007-10-29 | Zürich | Berne Declaration
Blog
BankTrack news BankTrack blog Partner news Partner blog

Solidly Swiss?

UBS, Credit Suisse and the global oil, mining and gas industry
2006-07-04 | Switzerland | Berne Declaration
Resources
Documents
2025-05-08 00:00:00

Letter from BankTrack and Mars se Drine to UBS on Jadar project

Correspondence
2025-05-08 00:00:00 | BankTrack and Mars se Drine
2025-03-16 00:00:00

Sustainability report 2024

Other bank document
2025-03-16 00:00:00 | UBS
2025-03-13 00:00:00

Which banks have ruled out finance for the JSW Utkal Steel and Coal Project?

BankTrack publication
2025-03-13 00:00:00 | BankTrack
2025-02-20 00:00:00

Letter from BankTrack to UBS on JSW Utkal Steel

Correspondence
2025-02-20 00:00:00 | BankTrack
2024-10-16 00:00:00

Banking on biodiversity collapse 2024

Partner publication
2024-10-16 00:00:00 | Forest and Finance Coalition
2024-10-01 00:00:00

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA
2024-09-20 00:00:00

Human rights statement

Bank policy
2024-09-20 00:00:00 | UBS
2024-05-21 00:00:00

UNSUPERVISED - The carbon pollution of the world’s largest banks

NGO document
2024-05-21 00:00:00 | ReCommon
2024-05-13 00:00:00

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
2024-05-02 00:00:00

Still Banking on Coal press release

Commercial Banks Still Deep into Coal 8 Years After Paris
Partner publication
2024-05-02 00:00:00 | Urgewald
2024-05-02 00:00:00

Commercial Banks Still Deep into Coal 8 Years After Paris

NGO document
2024-05-02 00:00:00 | Urgewald
2024-03-28 00:00:00

Sustainability Report 2023

Annual report
2024-03-28 00:00:00 | UBS
2024-03-28 00:00:00

Annual Report 2023

Annual report
2024-03-28 00:00:00 | UBS
2024-03-27 00:00:00

Our sustainability and climate risk policy framework

Bank policy
2024-03-27 00:00:00 | UBS
2024-02-28 00:00:00

Finance for War. Finance for Peace

How values-based banks foster peace in a world of increasing conflict
Other document
2024-02-28 00:00:00 | Banca Etica Group and the Global Alliance for Banking on Values (GABV)
2024-01-16 00:00:00

Complaints to the Swiss and United Kingdom National Contact Points under the Specific Instance Procedure of the 2023 OECD Guidelines for Multinational Enterprises

BankTrack publication
2024-01-16 00:00:00 | BankTrack, Worth Rises and Coalition for Immigrant Freedom
2023-12-07 00:00:00

Letter from BankTrack to UBS on Ending support for metallurgical coal

Correspondence
2023-12-07 00:00:00 | BankTrack
2023-09-07 00:00:00

Letter from BankTrack & Coalition for Immigrant Freedom to UBS on financial ties to human rights violations in US immigration detention facilities run by CoreCivic and GEO Group

Correspondence
2023-09-07 00:00:00 | BankTrack & Coalition for Immigrant Freedom
2023-09-07 00:00:00

Letter from BankTrack & Coalition for Immigrant Freedom to UBS on financial ties to human rights violations in US immigration detention facilities run by CoreCivic and GEO Group

Correspondence
2023-09-07 00:00:00 | BankTrack & Coalition for Immigrant Freedom
2023-07-10 00:00:00

CSR report 2022

Annual report
2023-07-10 00:00:00 | UBS
2023-06-12 00:00:00

Will San Miguel Power a World Made Better?

Partner publication
2023-06-12 00:00:00 | CEED
2023-06-01 00:00:00

BankTrack's submission to the public consultation on TNFD V0.4

BankTrack publication
2023-06-01 00:00:00 | BankTrack
2023-04-13 00:00:00

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald
2023-04-03 00:00:00

Annual report 2022

Annual report
2023-04-03 00:00:00 | UBS
2023-03-05 00:00:00

CSR report 2022

Other bank document
2023-03-05 00:00:00 | UBS
2023-02-01 00:00:00

Sustainability Exclusion Policy

Bank policy
2023-02-01 00:00:00 | UBS Asset Management
2023-01-27 00:00:00

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network
2022-12-12 00:00:00

In debt to the planet

Europe’s largest banks are not doing enough to address the twin crises of climate change and biodiversity loss.
NGO document
2022-12-12 00:00:00 | ShareAction
2022-11-17 00:00:00

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack
2022-11-15 00:00:00

Who is financing fossil fuel expansion in Africa?

BankTrack publication
2022-11-15 00:00:00 | Urgewald, BankTrack, 350.org Africa, Africa Coal Network & Oilwatch Africa, et al.
2022-10-17 00:00:00

Responses received to letters sent to signatories of the Glasgow Financial Alliance for Net Zero

Other document
2022-10-17 00:00:00 | London Stock Exchange
2022-08-01 00:00:00

Green Funding Framework

Bank policy
2022-08-01 00:00:00 | UBS
2022-07-13 00:00:00

Letter from BankTrack and Mars se Drine to UBS on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-13 00:00:00 | BankTrack and Mars se Drine
2022-06-23 00:00:00

Modern slavery and human trafficking statement

Bank policy
2022-06-23 00:00:00 | UBS
2022-06-03 00:00:00

Letter from BankTrack, 350.org, Bank on our Future and Uplift to 25 banks on Shell's proposed Jackdaw gas field

Correspondence
2022-06-03 00:00:00 | BankTrack, 350.org, Bank on our Future and Uplift
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
2022-03-29 00:00:00

Annual report 2021

Annual report
2022-03-29 00:00:00 | UBS
2022-03-29 00:00:00

CSR report 2021

Annual report
2022-03-29 00:00:00 | UBS
2022-03-11 00:00:00

UBS publishes net zero approach – from commitment to action

Other bank document
2022-03-11 00:00:00 | UBS
2022-03-08 00:00:00

Code of Conduct and Ethics

Bank policy
2022-03-08 00:00:00 | UBS
2022-01-31 00:00:00

Climate report 2021

Other bank document
2022-01-31 00:00:00 | UBS
2021-12-14 00:00:00

Actions speak louder: Assessing bank responses to human rights violations

BankTrack publication
2021-12-14 00:00:00 | BankTrack
2021-12-12 00:00:00

Letter from BankTrack to UBS Bank on lithium mining in Serbia’s Jadar Valley

Correspondence
2021-12-12 00:00:00 | BankTrack
2021-10-29 00:00:00

Letter from UBS to BankTrack on response to letter regarding investments in Myanmar

Correspondence
2021-10-29 00:00:00 | UBS
2021-08-24 00:00:00

Investing in troubled waters

The material risks of fish mortality and the use of wild-caught fish in feed for the aquaculture sector
NGO document
2021-08-24 00:00:00 | Feedback, Changing Markets Foundation, CFFA, and WSRW
2021-07-08 00:00:00

Banking on Amazon destruction

NGO document
2021-07-08 00:00:00 | Amazon Watch & Stand.earth
2021-05-26 00:00:00

Climate strategy

Bank policy
2021-05-26 00:00:00 | UBS
2021-05-03 00:00:00

Environmental and social risk policy framework 2021

Bank policy
2021-05-03 00:00:00 | UBS
2021-04-28 00:00:00

Net zero and beyond

Bank policy
2021-04-28 00:00:00 | UBS
2021-04-21 00:00:00

Commitment statement Net Zero Banking Alliance

Other document
2021-04-21 00:00:00 | UNEP FI Principles for Responsible Banking
2021-03-09 00:00:00

CSR Report 2020

Annual report
2021-03-09 00:00:00 | UBS
2021-03-05 00:00:00

Annual report 2020

Annual report
2021-03-05 00:00:00 | UBS
2021-01-18 00:00:00

Banking beyond deforestation

How the banking industry can help halt and reverse deforestation
Other document
2021-01-18 00:00:00 | Cambridge Institute for Sustainability Leadership
2020-11-30 00:00:00

Soft Commitments, Hard Lessons: an analysis of the Soft Commodities Compact

BankTrack publication
2020-11-30 00:00:00 | BankTrack
2020-11-16 00:00:00

The Banking Environment Initiative (BEI) & the Consumer Goods Forum (CGF)’s ‘Soft Commodities’ Compact

Other document
2020-11-16 00:00:00 | Banking Environment Initiative
2020-11-16 00:00:00

The BEI & CGF’s ‘Soft Commodities’ Compact: Technical Guidance

Other document
2020-11-16 00:00:00 | Banking Environment Initiative
2020-10-31 00:00:00

High Risk, Low Reward

An overview of European banks' position on oil sands
NGO document
2020-10-31 00:00:00 | ShareAction
2020-10-20 00:00:00

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Joint civil society statement
BankTrack publication
2020-10-20 00:00:00 | BankTrack, Rainforest Action Network, and others
2020-04-21 00:00:00

CSR report 2019

Annual report
2020-04-21 00:00:00 | UBS
2020-04-21 00:00:00

Climate-related standards in the enery and utilities sectors

Page 56 of the UBS' CSR report 2019
Bank policy
2020-04-21 00:00:00 | UBS
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

BankTrack publication
2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
2020-03-12 00:00:00

Open Letter to Sappi CEO

NGO document
2020-03-12 00:00:00 | GeaSphere
2020-02-28 00:00:00

Annual report 2019

Annual report
2020-02-28 00:00:00 | UBS
2020-01-20 00:00:00

Climate aware framework

Other bank document
2020-01-20 00:00:00 | UBS
2019-12-31 00:00:00

UBS in society - constitutional document

Bank policy
2019-12-31 00:00:00 | UBS
2019-12-10 00:00:00

Letter from BankTrack to UBS on the bank's progress on its fossil fuel finance since COP24

Correspondence
2019-12-10 00:00:00 | BankTrack
2019-05-21 00:00:00

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
NGO document
2019-05-21 00:00:00 | Europe Beyond Coal
2019-05-20 00:00:00

Troika Laundromat

Overview of financial institutions involved in the Troika Laundromat scheme
Other document
2019-05-20 00:00:00 | Organised Crime and Corruption Project (OCCRP)
2019-05-02 00:00:00

Annual General Meeting Shareholder Briefing UBS

BankTrack publication
2019-05-02 00:00:00 | BankTrack
2019-03-26 00:00:00

Annual report 2018

Annual report
2019-03-26 00:00:00 | UBS
2018-10-16 00:00:00

Letter from BankTrack and 120 organisations to UBS on Demands FBNT campaign

Correspondence
2018-10-16 00:00:00 | BankTrack and 120 organisations
2018-07-31 00:00:00

Responsible supply chain standard

Bank policy
2018-07-31 00:00:00 | UBS
2018-04-25 00:00:00

Swiss Banks in the End of the Fossil Fuel Age

BankTrack publication
2018-04-25 00:00:00 | Greenpeace, BankTrack
2018-04-23 00:00:00

Annual Report 2017

Annual report
2018-04-23 00:00:00 | UBS
2018-02-28 00:00:00

UBS and Society Report 2017

Annual report
2018-02-28 00:00:00 | UBS
2018-02-23 00:00:00

Climate change strategy

Bank policy
2018-02-23 00:00:00 | UBS
2017-11-21 00:00:00

UBS and Society report 2016

Other bank document
2017-11-21 00:00:00 | UBS
2017-09-11 00:00:00

Sustainability in the Swiss retail banking sector

WWF rating of the Swiss retail banking sector 2016/2017
NGO document
2017-09-11 00:00:00 | WWF Switzerland
2017-06-06 00:00:00

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

Correspondence
2017-06-06 00:00:00 | Rainforest Action Network et al
2017-05-04 00:00:00

UBS Fossil Bank Briefing 2017

BankTrack publication
2017-05-04 00:00:00 | BankTrack, Greenpeace, Waterkeeper Alliance
2017-03-14 00:00:00

Letter from BankTrack to Thun Group on concerns regarding Thun Group discussion paper on human rights

Correspondence
2017-03-14 00:00:00 | BankTrack
2017-03-10 00:00:00

Annual Report 2016

Annual report
2017-03-10 00:00:00 | UBS
2017-02-21 00:00:00

Comments on Thun Group of Banks Discussion Paper

on the Implications of UN Guiding Principles 13 & 17 In a Corporate and Investment Banking Context
Other document
2017-02-21 00:00:00 | Prof. John G. Ruggie
2017-02-14 00:00:00

Letter from BankTrack and others to Thun Group of Banks on Significant Concerns Regarding Thun Group Discussion Paper

Correspondence
2017-02-14 00:00:00 | BankTrack and others
2016-06-14 00:00:00

Shorting the Climate

Fossil Fuel Finance Report Card 2016
BankTrack publication
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club, Oil Change International
2016-02-16 00:00:00

Human Rights Impact Briefing #1:Labour standards violations in IOICorporation’s Malaysian plantations

BankTrack publication
2016-02-16 00:00:00 | BankTrack
2015-07-01 00:00:00

To Integrate or to Exclude

Approaches to Sustainable Investing
Other bank document
2015-07-01 00:00:00 | UBS
2015-05-04 00:00:00

The end of coal?

2015 Coal Finance Report Card
BankTrack publication
2015-05-04 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
2015-04-27 00:00:00

Letter from Testbiotech to UBS on Invitation to a Testbiotech conference on patents on life, genetic engineering and animal welfare

Correspondence
2015-04-27 00:00:00 | Testbiotech
2015-04-02 00:00:00

Corporate Social Responsibility 2014

Annual report
2015-04-02 00:00:00 | UBS
2015-02-16 00:00:00

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

NGO document
2015-02-16 00:00:00 | TuK, Profundo
2014-10-29 00:00:00

Banking on Coal 2014

BankTrack publication
2014-10-29 00:00:00 | BankTrack
2014-10-01 00:00:00

Dirty Profits III

Reporting on Companies and Financial Institutions Benefiting from Violations of Human Rights 
NGO document
2014-10-01 00:00:00 | Facing Finance
2014-05-07 00:00:00

Questions by Paul Corbit Brown at the AGM of UBS

About the effects of mountaintop removal in Southern West Virginia.
Other document
2014-05-07 00:00:00
2012-12-06 00:00:00

Thun Group of Banks Response to a question at the UN Forum on Business and Human Rights, December 2012

Other bank document
2012-12-06 00:00:00 | Thun Group
2012-11-06 00:00:00

Letter from BankTrack et al. to various financial institutions on APP

Correspondence
2012-11-06 00:00:00 | BankTrack et al.
2012-10-29 00:00:00

Statement by the Thun Group of banks on the "Guiding principles for the implementation of the United Nations 'protect, respect and remedy' framework" on human rights

Other bank document
2012-10-29 00:00:00 | Thun Group
2012-06-20 00:00:00

Worldwide investments in Cluster munitions, a shared responsibility

NGO document
2012-06-20 00:00:00 | IKV Pax Christi & FairFin
2011-11-30 00:00:00

Bankrolling climate change

A look into the portfolios of the world`s largest banks
BankTrack publication
2011-11-30 00:00:00 | urgewald, BankTrack, Groundwork
2011-07-04 00:00:00

One step forward, two steps back

NGO document
2011-07-04 00:00:00 | Berne Declaration
2011-05-25 00:00:00

UBS Cluster Munitions Investments

Other document
2011-05-25 00:00:00 | Netwerk Vlaanderen & IKV Pax Christi
2011-04-05 00:00:00

Policy and Practice

2011 report card on banks and mountaintop removal
BankTrack publication
2011-04-05 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club
2011-01-01 00:00:00

Le rôle d’UBS dans le financement du groupe Sinar Mas et la déforestation des forêts vierges indonésiennes

NGO document
2011-01-01 00:00:00 | Greenpeace, Profundo
2010-12-20 00:00:00

Die Rolle der UBS bei der Finanzierung der Sinar-Mas-Gruppe und der Abholzung indonesischer Regenwälder

NGO document
2010-12-20 00:00:00 | Greenpeace Switzerland
2010-10-11 00:00:00

International thief thief

NGO document
2010-10-11 00:00:00 | Global Witness
2010-05-13 00:00:00

Policy and Practice: report card on banks and mountaintop removal

BankTrack publication
2010-05-13 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
2010-04-29 00:00:00

Response UBS to NGO letter of 100414 concerning MTR

Correspondence
2010-04-29 00:00:00 | UBS
2010-04-27 00:00:00

Open letter to banks coordinating Uralchem IPO

NGO document
2010-04-27 00:00:00 | International Socio-Ecological Union (SEU), Russia
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
BankTrack publication
2010-04-27 00:00:00 | BankTrack
2010-04-15 00:00:00

Mountaintop Removal request for information letter sent to UBS

Correspondence
2010-04-15 00:00:00 | RAN, Sierra Club, BankTrack
2010-04-15 00:00:00

Without Map or Compass, Credit Suisse, UBS and Human Rights

NGO document
2010-04-15 00:00:00 | Berne Declaration
2010-04-01 00:00:00

UBS cluster munitions investments

Other document
2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
2009-11-17 00:00:00

The Secret Life of a Shopaholic: How an African dictator's playboy son went on a multi-million dollar shopping spree in the US

NGO document
2009-11-17 00:00:00 | Global Witness
2009-10-01 00:00:00

UBS cluster munitions financing

Other document
2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.
2009-10-01 00:00:00

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

NGO document
2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.
2008-08-01 00:00:00

Open letter to financial institutions investing in Global Coal Management Regarding the Phulbari Coal Project, Bangladesh

Correspondence
2008-08-01 00:00:00 | International Accountability Project
2008-01-11 00:00:00

Profiles of European Banks

NGO document
2008-01-11 00:00:00 | Ceres
2007-10-29 00:00:00

PetroChina IPO

Other document
2007-10-29 00:00:00
2006-07-05 00:00:00

Involvement of UBS in mining, oil and gas sector

NGO document
2006-07-05 00:00:00 | Profundo
2006-07-04 00:00:00

World map of oil, mining and gas industry

NGO document
2006-07-04 00:00:00 | Berne Declaration, Greenpeace
2006-07-04 00:00:00

Solidly Swiss? Credit Suisse, UBS and the global oil, mining and gas industry

NGO document
2006-07-04 00:00:00 | Berne Declaration
Accountability
Grievances
Response tracking

UBS does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. 

However, UBS is a member of the Roundtable on Sustainable Palm Oil (RSPO), which operates a grievance mechanism to address violations of its standards, including concerns about human rights abuses in the palm oil industry. Affected communities can access this mechansim here. 

Stakeholders can also  contact the bank for sustainability inquiries and issues via email at cr@ubs.com. 

Human rights complaints may also be raised via the OECD National Contact Points (see OECD Watch guidance).

 

This page evaluates UBS's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Rio Tinto's Jadar mine, Serbia (December 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
Letter to financiers of Rio Tinto, December 2021
Banks and Dirty Diesel: Vitol and Trafigura (May 2017)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publicly responded but did not acknowledge its link to the impact or comment on or respond to the substance of the issues raised.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2017
IOI Corporation labour standards violations (February 2016)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publicly responded stating, due to the bank having "reportable positions in a large number of companies worldwide, usually held on behalf of clients / asset owners. Strictly speaking, it is therefore incorrect to conclude in such situations that UBS "is involved in financing" a particular company".
Action
0
Out of 1
Rationale for score
The bank did not provided any details on whether it had engaged with its client or taken appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, February 2016
Myanmar: Equity exposure to companies linked to the military regime (October 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responds publicly but without acknowledging the bank's link to the allegations.
Action
0
Out of 1
Rationale for score
The bank does not engage with the allegations and do not mention appropriate measures of action. It only states general ESG policies.
Monitoring
0
Out of 1
Rationale for score
No information available about whether the bank monitored progress.
More info
New bank links to Myanmar junta and atrocities found, July 28, 2021
JSW Utkal steel and coal, India (February 2025)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responded, stating that "due to banking confidentiality we cannot and do not comment on any potential clients or transactions."
Action
0
Out of 1
Rationale for score
No information is available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
International CSOs call on banks to rule out finance for controversial Indian steel and coal project, March 2025

Average
80%
0
0
0
0
Banks and Climate

Banks and Climate

The 2024 Banking on Climate Chaos report showed that UBS provided US$ 210.728 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, UBS provided US$ 2.68 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on UBS fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Fossil fuel finance data UBS

Banking on Climate Chaos fossil fuel finance data

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of UBS’s fossil fuel policy below.

Assessment of UBS coal policy in the Coal Policy Tool

Assessment of UBS oil and gas policy in the Oil and Gas Policy Tracker

False Solutions Tracker expansion

BankLast update
Country
Wind Energy
Solar Energy
Geothermal Energy
Ocean Energy
Energy grids and storage
Hydropower
Hydrogen
Solid Biomass
Biofuels
CCUS
Nuclear Power
Details
UBS
2025-05-19
CHE
0
0
Switzerland
Profile
Wind Energy
Solar Energy
Geothermal Energy
Ocean Energy
Energy grids and storage
Hydropower
Hydrogen
Solid Biomass
Biofuels
CCUS
Nuclear Power
20250519
Last update: 2025-05-19
Explanation

UBS has a target related to the facilitation of green, social, sustainability or sustainability-linked (GSSS) bond transactions globally. In 2024, UBS facilitated 96 GSSS bond transactions globally against its target of 100. 

Relevant policies
2022-08-01 00:00:00

Green Funding Framework

Bank policy
2022-08-01 00:00:00
References
2025-3-16

Sustainability Report 2024

2025-3-16
Explanation

The purpose of the False Solutions Tracker is to give a clear overview of energy technologies that fall under banks' individual sustainable finance commitments. The tracker lists 11 energy technologies that are usually associated with the energy transition and the decarbonisation of the economy. These technologies are defined here and classified in three categories:

  1. Real solutions: Technologies that deliver on a Just Transition towards Energy Democracy. BankTrack considers these technologies as real solutions only if and when they do deliver Energy Democracy.

  2. Solutions under strict conditions: Energy technologies that could be real solutions if they deliver on a Just Transition towards Energy Democracy but that could also be false solutions. This is the case of hydrogen and hydropower. On one hand, fossil-free and green hydrogen could be a real solution under certain conditions. However, fossil-based hydrogen and nuclear hydrogen are always false solutions. On the other hand, hydropower lifespan extension could also be a real solution under strict conditions while hydropower expansion is a false solution.

  3. False solutions: Energy technologies that are not aligned with a just transition towards Energy Democracy.

For each one of the 11 energy technologies, the tracker indicates if it is included in bank's individual sustainable finance commitments:

 

For Real solutions:

  • ​​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting.
  • ​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting, but under certain conditions. In this case, those conditions are mentioned in the "relevant policy document" section for each bank.
  • ​: No, the bank does not include its finance towards this energy technology in its sustainable finance reporting.
  • ​ : It is unclear whether the bank includes or not its finance towards this energy technology in its sustainable finance reporting.

 

For solutions under strict conditions and for false solutions:

  • ​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting.
  • ​: Yes, the bank includes its finance towards this energy technology in its sustainable finance reporting, but under certain conditions. In this case, those conditions are mentioned in the "relevant policy document" section for each bank.
  • ​: No, the bank does not include its finance towards this energy technology in its sustainable finance reporting.
  • ​: It is unclear whether the bank includes or not its finance towards this energy technology in its sustainable finance reporting.
For more details see this page.
Banks and Human Rights

Banks and Human Rights

BankTrack assessed UBS in its 2024 Global Human Rights Benchmark, where it achieved 6 points out of 15 and was ranked as a “follower”. 

The bank scored 0 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices. 

In addition, UBS scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the “Accountability” section of this profile.

The BankTrack Human Rights Benchmark

The table below shows BankTrack's assessment of how UBS has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
UBS
CHE
6
Follower 6
0
Switzerland
Score
Follower
6
Explanation

UBS's human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2022. The bank is assessed as a Follower, with a total score of 6 out of 14.

Policy: 3/3
Due dilligence: 1.5/5
Reporting: 1.5/3
Remedy: 0/3


Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0/3. See the Response Tracking section of this profile for more details.

Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.

Global Human Rights Benchmark 2024

BankLast update
Country
Score
Ranking
Details
UBS
CHE
6
Follower 6
0
Switzerland
Score
Follower
6
Explanation

UBS's human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2024. The bank is assessed as a , with a total score of 6 out of 15.

Policy: 2.5/3
Due dilligence: 1.5/5
Reporting: 1.5/4
Remedy: 0.5/3

Specific rights: 0/3

Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0/3. See the Response Tracking section of this profile for more details.

Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 7 points
7.5 - 10.5 points
11 - 15 points
For more details see this page.
Banks and Nature

Banks and Nature

UBS’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 5.4 out of 10 and ranking it as a front runner. UBS achieved a score of 6.4 out of 10 specifically for its policies related to the beef sector and 6.6 out of 10 for its policies related to the palm oil sector. Between 2016 and 2022, UBS provided USD 1,459 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 209 million as of 2022. For more information, see the links below. 

Forests & Finance

Banks and beef

Banks and palm oil

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
UBS
2022-09-27
CHE
5.4
Front runner 5.4
0
Switzerland
Profile
Score
Front runner
5.4
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of UBS' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on UBS'profile

Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
UBS
2022-09-29
CHE
6.4
Front runner 6.4
0
Switzerland
Profile
Score
Front runner
6.4
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on UBS' profile

Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
UBS
2022-09-29
CHE
6.6
Front runner 6.6
0
Switzerland
Profile
Score
Front runner
6.6
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on UBS' profile

Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Tracking the NZBA

Tracking the Net Zero Banking Alliance

UBS is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

 

Tracking NZBA banks commitments

Banks and Russia

Banks and Russian Aggression in Ukraine

BankTrack is keeping track of the public response of UBS to Russia's illegal invasion of Ukraine. UBS did not publicly condemn the war. UBS is considered by Leave-Russia.org to be "scaling back" its operations in Russia. We consider its exposure to Russia as limited. UBS supports the Russian fossil fuel industry through investments, loans and underwriting. For further details, see the table linked below.

Bank responses to Russia's invasion of Ukraine

Banks and Steel

Banks and Steel

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that UBS provided US$ 3.8 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on UBS’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of UBS’s metallurgical coal policy below.

Metallurgical Coal Financing: Time to call it off 2023

Coal policy tool

Good Moves

Good moves

Year:

2014

Thun Group of Banks agrees to consider remedy for victims of human rights abuse

In 2013 the seven-strong Thun Group of Banks' produced a discussion paper on banks' responsibilities under new UN human rights guidelines. BankTrack's response to the paper highlighted that the banks had failed to address their responsibility to provide access to remedy to victims of human rights abuses. After…
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