Credit Suisse meeting with Standing Rock Sioux delegation
On April 4, 2017, Credit Suisse international decision-makers from different functions met with a Standing Rock Sioux delegation in Zurich to discuss concerns about the Dakota Access Pipeline (DAPL) and the role of Credit Suisse.
It was an open, transparent exchange and the discussion took place in a constructive atmosphere. The bank appreciated the opportunity to jointly elaborate on the viewpoints of the Standing Rock Sioux in a personal dialogue. Credit Suisse emphasized that it takes concerns around the Dakota Access Pipeline (DAPL) seriously and that they will be considered when further evolving the applicable bank-internal guidelines.
Credit Suisse is not involved in the project financing of the Dakota Access Pipeline (DAPL). Allegations that Credit Suisse is the biggest lender to DAPL are false and are firmly rejected by the bank. Credit Suisse has business relationships with companies undertaking the construction and operation of the pipeline.
The bank has been in direct contact with representatives of these companies and has held extensive talks about issues such as pipeline security, accident responses, environmental protection, and the necessary consultation with local communities, including the indigenous population.
Credit Suisse regularly meets with relevant stakeholders, e.g. NGOs and communities, and will continue to hold these meetings.