UBS Group AG — Ethics Grade D+

UBS Group AG receives an overall ethics grade of D+ (38/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 65
• privacy: 50
• consumer: 40
• environment: 55
• humanRights: 60

Documented incidents (3)

• French Tax Evasion Fine (high, 2021) — A French court ordered UBS to pay nearly €1.8 billion for helping wealthy clients hide assets from the tax authorities between 2004 and 2012.
• LIBOR Rate Rigging (high, 2012) — UBS was fined over $1.5 billion for rigging the London Interbank Offered Rate (LIBOR), which impacts interest rates globally on loans and mortgages.
• Anti-Money Laundering Failure (medium, 2020) — UBS paid $15 million in fines for failing to maintain an adequate anti-money laundering program in its US broker-dealer business.

Documented good deeds

• Sustainable Investing Leadership — UBS has committed to making sustainable investments the preferred choice for their private wealth management clients.

Ethical alternatives

• Triodos Bank — A leader in ethical banking that strictly avoids financing harmful industries.