UBS

UBS Group AG Form 6-K Summary: Sustainability Report 2025

Business Context and Reporting Period

This Form 6-K, filed on March 9, 2026, incorporates the UBS Group Sustainability Report 2025. The reporting period covers January 1, 2025, to December 31, 2025. The filing details UBS's progress in integrating Credit Suisse, advancing its climate transition plan, and executing its sustainability strategy anchored in three pillars: Protect (managing business alignment with long-term strategy), Grow (embedding innovative sustainability offerings), and Attract (becoming the bank of choice for clients and employees).

Key Financial and Sustainability Metrics

Operational Environmental Performance (2025 vs. 2023 Baseline):

• Scope 1 & 2 Emissions: Reduced by 48% (24,151 metric tons CO2e), a 20% year-over-year decrease.
• Energy Consumption: Reduced by 18.8% (613 GWh).
• Renewable Electricity: 99.7% of electricity sourced from renewable sources.
• Financed Emissions (Lending): Absolute emissions in fossil fuels reduced by 83% vs. 2021 baseline; Power generation intensity reduced by 55%.

Sustainable Finance and Investing:

• Total Sustainable Investing Assets: USD 405.6 billion (up 31% from 2024).
• Net-Zero Ambition Portfolios (Asset Management): USD 111.5 billion.
• Sustainable Loans: USD 2.4 billion drawn exposure (excluding mortgages).
• GSSS Bond Transactions: 95 transactions facilitated globally.

Social Impact:

• Philanthropy: USD 472 million raised in donations via UBS Optimus network (surpassing the USD 1 billion cumulative goal set for 2021–2025).
• Beneficiaries: Reached 33.5 million people cumulatively since 2021 (exceeding the 26.5 million target).
• Employee Volunteering: 37% of the global workforce engaged.

Material Changes vs. Prior Period

• Credit Suisse Integration: Approximately 1,600 Credit Suisse business applications decommissioned (55% of scope); 85% of Swiss-booked client accounts transferred. Integration is on track for substantial completion by end of 2026.
• AI Strategy: Appointment of a Chief Artificial Intelligence Officer; launch of nine large-scale transformational AI initiatives to enhance productivity and client service.
• Climate Risk Methodology: Development of a Global Real Estate (GRE) model improved sensitivity assessments, resulting in revised exposure metrics for transition and physical risks compared to 2024.
• Supply Chain: Vendor-related Scope 3 emissions increased slightly by 3% to 0.84 million metric tons, driven by higher spend in construction and IT services, though 88% of key vendors now disclose emissions and net-zero targets.

Guidance, Outlook, and Risks

Outlook and Targets:

• Net-Zero Operations: Target to achieve net-zero Scope 1 and 2 emissions by 2035 (90% reduction vs. 2023 baseline).
• Lending Decarbonization: Committed to 2030 targets including a 70% absolute reduction in fossil fuel financed emissions and specific intensity reductions for Swiss real estate, power, steel, and cement.
• Renewable Energy: Target to source 100% renewable electricity by 2026 in markets where feasible.

Risks and Contingencies:

• Regulatory Fragmentation: Conflicting ESG regulations across jurisdictions (e.g., US anti-ESG rules vs. EU mandates) pose compliance and reputational risks.
• Data Limitations: Progress on Scope 3 and financed emissions relies on third-party data which may be incomplete or estimated; methodologies are evolving.
• Climate Transition Risks: Inherent credit, liquidity, and business risks are assessed as material under stress-case scenarios, primarily driven by macroeconomic impacts of climate change.
• AI Risks: Deployment of AI introduces new cybersecurity, data ethics, and energy consumption challenges.

Investor Verification Checklist

• Verify the 2024 comparative data revisions noted in the report due to improved data availability and methodology changes (e.g., Scope 1/2 emissions and energy consumption figures).
• Review the Global Real Estate (GRE) model impact on climate risk exposure metrics, which significantly altered transition and physical risk sensitivity calculations.
• Confirm the status of Credit Suisse portfolio migration into UBS sustainable investing frameworks, noting that full integration continues through 2026.
• Assess the financed emissions time lag: 2025 reporting for lending exposures uses 2024 exposure data mapped to 2023 emissions data due to reporting delays.
• Monitor the regulatory landscape regarding conflicting ESG mandates, particularly in the US versus Europe, and their potential impact on product offerings.