Credit Suisse's Greenhouse Gas Emissions
For Credit Suisse as a global financial institution, business travel is a challenge we face in our efforts to reduce our environmental footprint. While it is often essential to maintain direct contact with clients, business travel accounts for around 37 percent of our global greenhouse gas emissions. To reduce the number of flights taken, we encourage employees to travel by train when covering shorter distances, and to use telephone and video conferencing whenever possible. Consequently, the use of videoconferencing (desktop-based and in videoconferencing rooms) amounted to approximately 184,200 hours in 2018. As part of our strategy to maintain global greenhouse gas neutrality, all the emissions from our air travel have been offset since 2010 through the purchase of emission reduction certificates (ERCs): in 2018, this amounted to 47,500 metric tons of CO2 equivalents. To raise employee awareness of this issue, the amount of CO2 emissions resulting from each flight is specified on every airline ticket.