Asset Management Press Release
Credit Suisse Advances Institutional Sustainability Initiative Through Partnership with Equilibrium
Credit Suisse Asset Management is a multi-specialist boutique manager operating within a leading global financial institution. Equilibrium innovates and manages sustainability-driven businesses and the deployment of capital within the sustainable real asset and resource management spaces.
This partnership follows Credit Suisse’s establishment in July of an Executive Board-level function—Sustainability, Research & Investment Solutions (SRI)—to accelerate Credit Suisse’s ambition to be a leader in sustainability. SRI has a commitment to provide at least CHF 300 billion of sustainable financing over the next decade in fulfillment of the bank’s and its clients’ mutual desire to deploy capital sustainably.
In support of this global initiative, Credit Suisse Asset Management and Equilibrium will jointly develop and manage a sustainable infrastructure and resource management platform. This collaboration will combine Credit Suisse’s global reach, institutional operating platform and deep expertise in sustainability with Equilibrium’s industry leadership in building pioneering, institutional, sustainability-driven real asset and resource management capabilities.
Eric Varvel, Global Head of Credit Suisse Asset Management, commented, “Equilibrium is an ideal partner for our franchise given our shared history in sustainability, alternatives and real assets. This partnership marks another landmark in Credit Suisse’s sustainability strategy to help address pressing environmental challenges.”
Marisa Drew, Chief Sustainability Officer and Global Head of Sustainability, Strategy, Advisory and Finance at Credit Suisse added, “We are delighted to support CSAM’s collaboration with recognized sustainability leader Equilibrium in pursuit of our shared mission to mobilize capital for good. Today’s announcement builds on Credit Suisse’s long history of ground-breaking sustainability strategies, from co-founding one of the early leaders in microfinance and impact credit, to integrating sustainability into Credit Suisse real estate portfolios, and finally to innovating in the fields of conservation and energy transition finance.”
Dave Chen, CEO of Equilibrium Capital, said, “We are excited to partner with Credit Suisse on this mandate to address the changing resource infrastructure landscape. While we cannot reverse climate change completely, we can mitigate its impact by creating more sustainable infrastructure. By managing the environmental risks around food production, waste, water and energy, we can foster greater stability and security in those areas.”