We take environmental impacts into account when conducting our business by developing sustainable products and services and addressing sustainability issues in our risk management. The implementation of various operational measures helps us to reduce our environmental footprint.
Credit Suisse believes that it is in the interests of both our organization and our clients for us to develop and support measures that contribute to a more environmentally sustainable economy.
Our commitments in this area are based on our Code of Conduct and our Statement on Sustainability, which explains how we aim to address environmental and social issues when performing our activities as a bank. The UN Global Compact and the UN Sustainable Development Goals (SDGs) are other important points of reference to our measures for a more environmentally sustainable economy. The Paris Agreement to strengthen the global response to the threat of climate change entered into force in 2016. It aims to limit the rise in global temperature to well below 2° Celsius above pre-industrial levels and has put in place a structure through which countries have committed to implement transition plans to lower their respective greenhouse gas emissions. As a global financial institution, Credit Suisse recognizes its share of responsibilities in combating climate change by supporting the transition to a low-carbon and climate-resilient global economy.
In our banking businesses, environmental aspects are considered when managing transaction-related risks. To assess whether projects or client activities may pose a major risk to the environment, the climate or biodiversity, we apply our Reputational Risk Review Process.
To open up sources of capital for the transition to a low-carbon and climate-resilient economy, Credit Suisse actively supports green finance solutions and renewable energy businesses, drawing upon the expertise of various specialist departments across its divisions.
To reduce our own ecological footprint, we have an environmental management system in place, which is certified globally in accordance with ISO 14001:2015. Since 2010, all our operations worldwide have been greenhouse gas neutral.