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UN Global Compact

The UN Global Compact is an agreement on responsible business management to which companies voluntarily commit.

In 2000, Credit Suisse was one of the first companies to sign up to this leading international agreement, which promotes a sustainable approach to business and encourages companies in increasingly globalized markets to make universal principles and values an integral part of their strategies and their actions. We have pledged to uphold the UN Global Compact’s 10 principles relating to human rights, labor standards, environmental protection and anti-corruption efforts. As an active member, we report annually on our progress, regularly attend UN Global Compact events and participate in its national networks in Switzerland and Singapore.

Implementation of the 10 Principles of the UN Global Compact at Credit Suisse

 

Principles

Implementation at Credit Suisse

 

Human rights

 

1.

Business should support and respect the protection of internationally proclaimed human rights; and

  • Credit Suisse adheres to the UN Universal Declaration of Human Rights
  • Involvement in the formulation of sector-specific recommendations for the application of the UN Human Rights Framework and the Guilding principles
  • Partnership with International Humanitarian Forum in Lucerne (IHRF)
  • Participation in the UNEP FI working group on human rights

2.

Make sure that they are not complicit in human rights abuses.

 

Labor standards

 

3.

Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

4.

The elimination of all forms of forced and compulsory labor;

5.

The effective abolition of child labor; and

6.

The elimination of discrimination in respect of employment and occupation.

 

Environment

 

7.

Businesses should support a precautionary approach to environmental challenges;

8.

Undertake inititatives to promote greater environmental responsibility; and

9.

Encourage the development and diffusion of environmentally friendly technologies.

 

Anti-corruption

 

10.

Businesses should work against corruption in all its forms, including extortion and bribery.

  • Active member in the Wolfsberg-Group
  • Further development of internal standards and training courses for employees

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