Change location

You are about to change the origin location from where you are visiting Credit-suisse.com.

*The location of origin is defined in your browser settings and may not be identical with your citizenship and/or your domicile.

Back
885026650

Addressing climate change

We recognize the role we have to play as a responsible facilitator in furthering progress on sustainability and in minimizing the impact of climate change. We continue to work on the measures required to address climate change and support clients in their transition to low-carbon and climate-resilient business models.

Credit Suisse supports the Paris Agreement

As a global financial institution, we have an important role to play in furthering progress on climate change. Credit Suisse believes global financial flows should be in line with the Paris Agreement objective to limit the rise in global temperature to within 2°C above pre-industrial levels, with the aim to achieve a rise of no more than 1.5°C.

Based on the Paris Agreement, and the subsequent Glasgow Climate Pact agreed at the 26th Conference of the Parties (COP26), many countries have committed to implement transition plans that lower their greenhouse gas (GHG) emissions. We support this commitment with our ambition to achieve net zero in 2050, underpinned by interim goals by 2030.

Net zero ambition

Credit Suisse has announced its ambition to reach net zero emissions from its operations, supply chain, and financing activities by 2050 and committed itself to develop interim 2030 carbon reduction goals for key sectors. In 2022, we extended the scope of our climate goals from one to six sectors: oil, gas and coal, power generation, commercial real estate, iron and steel, aluminum, and automotive. We also continue to disclose the climate alignment of our in-scope shipping portfolio to the Poseidon Principles decarbonization index.

Credit Suisse became a founding member of the UN-convened Net Zero Banking Alliance. NZBA members are committed to aligning their lending and investment portfolios with net zero emissions by 2050. In addition, Credit Suisse Asset Management joined the Net Zero Asset Managers initiative.

In December 2022, Credit Suisse published a Climate Action Plan (CAP), outlining the ambition and approach of Credit Suisse Asset Management and Credit Suisse Wealth Management divisions in support of the transition to a net zero society.

Our approach

Achievement of net zero requires more than commitments. It requires thoughtful planning, strategizing and, foremost, action. Credit Suisse supports clients in their transition to low-carbon and climate-resilient business models, and integrating climate change into our risk management models as part of our Climate Risk Strategy Program. We work with all our business divisions and across client portfolios to develop our sector transition strategies.

In general, our principles and our approach to climate protection are set out in our Statement on Climate Change (PDF), which describes how we intend to address climate-related risks, provide solutions and advice in the area of sustainable finance to our clients and reduce our own environmental footprint.

  • Climate risk strategy program

  • Implementing Task Force on Climate-related Financial Disclosures (TCFD) recommendations

  • Providing sustainable finance solutions

  • Reducing operational carbon footprint

Stakeholder engagement

Credit Suisse actively promotes discussions on how to build a more sustainable, climate-friendly business, and participates in knowledge exchanges with a variety of organizations and expert groups.

For more details, see our Agreements & Memberships external webpage.