Approach & Reporting Sustainability Commitments
We are committed to sustainability, and our commitment is anchored in the Credit Suisse Code of Conduct, the "Statement on Sustainability", and our "Sustainability Management Policy".
Code of Conduct
Our Code of Conduct provides a framework of principles for all our operations worldwide, which is binding on all employees and members of the Board of Directors. It also forms the basis of Credit Suisse's commitment to sustainability. It encompasses the obligation of Credit Suisse employees to take account of environmental and social impacts when making business decisions, and when managing Credit Suisse resources and infrastructure in the long term.
"Statement on Sustainability"
The "Statement on Sustainability" is based on our Code of Conduct and explains our aims with regard to balancing economic, environmental and social issues in our activities as a bank. We believe that our responsible approach to business is a decisive factor determining the long-term success of our bank.
"Sustainability Management Policy"
The responsibilities and processes for implementing sustainability issues within the bank are defined within our internal "Sustainability Management Policy".
All employees of Credit Suisse have an obligation to consider environmental and social issues in their professional activities and when taking business decisions. The following persons and groups are entrusted with the implementation and the monitoring of our sustainability commitments:
- The CEO is the most senior manager responsible for sustainability matters at Credit Suisse.
- The Reputational Risk Sustainability Committee (RRSC), which is composed of senior managers from the different divisions, including several members of the Executive Board, determines the bank's strategy regarding environmental and social issues and monitors the implementation of the bank's sustainability commitments. The Reputational Risk Sustainability Committee also has ultimate responsibility for the Reputational Risk Review Process, which is an internal process under which business transactions are reviewed and evaluated in terms of their potential impact on the environment and human rights, among other aspects. The Sustainability Affairs specialist unit is responsible for the coordination of activities in the area of sustainability, amongst other things. Key activities include conducting sustainability risk assessments and maintaining a dialogue with stakeholders.
- Global Environmental Management and Critical Engineering Systems, both part of the Corporate Real Estate and Services department, are responsible for the maintenance and further development of the ISO 14001-certified Environmental Management System, the day-to-day management of Credit Suisse's commitment to greenhouse gas neutrality, and the coordination of cross-regional projects aimed at reducing Credit Suisse's environmental footprint.
- Furthermore, both Efficiency Management and Information Technology (IT) contribute to the management of environmental and social issues by keeping appropriate oversight of critical suppliers and their environmental and social standards, as required by the Credit Suisse Supplier Code of Conduct, and by integrating energy efficiency factors as key elements of cost effectiveness considerations when planning data centers and other IT infrastructure.
These sustainability commitments and their implementation in our business and operations complement the public agreements and memberships of Credit Suisse.