UBS exits Net-Zero Banking Alliance while advancing in-house sustainability and climate strategies

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(IN BRIEF) UBS has withdrawn from the Net-Zero Banking Alliance after an annual review of its sustainability-related memberships, citing strengthened internal capabilities and the maturity of decarbonization frameworks as reasons for its decision. The bank, a founding member of the NZBA since 2021, stressed that its commitment to sustainability remains firm, guided by its “Protect, Grow, and Attract” strategy. UBS will continue to support clients in the low-carbon transition, integrate climate risk into its risk management processes, and develop offerings that address evolving environmental and market challenges.

(PRESS RELEASE) ZURICH, 8-Aug-2025 — /EuropaWire/ — UBS has announced its decision to withdraw from the Net-Zero Banking Alliance (NZBA) following its annual review of sustainability- and climate-related memberships. The bank, which joined the NZBA as a founding member in 2021, emphasized that its dedication to sustainability and its ambition to remain a leader in this area remain unchanged.

UBS acknowledged the NZBA’s important role in helping the banking sector establish initial target-setting frameworks for decarbonization of financed emissions. With these frameworks now well advanced and UBS’s internal capabilities significantly strengthened, the bank has decided to step away from the alliance, following a path taken by several other global peers.

“Our commitment to sustainability is unwavering,” UBS stated. “We continue to progress our sustainability and impact strategy, built around three strategic pillars: Protect, Grow, and Attract. We are committed to supporting our clients in their transition to a low-carbon world, embedding climate considerations into our risk management and stress-testing frameworks, and helping them identify both risks and opportunities.”

The bank reaffirmed its focus on keeping clients at the center of its strategy, working closely with them to adapt to the evolving landscape created by climate change. UBS will continue advancing its multi-year program to integrate sustainability and climate risk across its operations, products, and services, ensuring that its approach to environmental responsibility remains comprehensive and actionable.

About UBS
UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.6 trillion dollars of invested assets as per second quarter 2025. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).