Our action towards net zero:

We’re on it.

Achieving net zero is a race against time that we are all in together, it requires partnerships, thoughtful planning, strategies and, foremost, action. As a bank, we need to take responsibility for our emissions whilst achieving sustainable financial outcomes. We underpin our climate action with science-based targets that define and promote best practice in emissions reductions. In our business divisions and across client portfolios we work to develop transition strategies to reduce carbon emissions and identify areas for sustainable growth with low carbon intensity.

Our approach to net zero

Our efforts to address climate change:
Read extracts from our Sustainability report

Our partners and key market initiatives

The Science Based Targets initiative (SBTi)

SBTi is a partnership between CDP (see separate box), the UN Global Compact, the World Resources Institute (WRI) and the WWF, promoting best practice in emissions reductions and net zero targets in line with climate science. 

The Net Zero Banking Aliance (NZBA)

Credit Suisse is a founding member of the UN-convened NZBA , which brings together 114 banks representing about 38% of global banking assets (July 2022). Members commit to aligning their portfolios with net zero emissions by 2050. 

The Poseidon Principles

Credit Suisse is a signatory to the Poseidon Principles, a global framework for assessing / disclosing the climate alignment of ship finance portfolios and promoting the decarbonization of maritime transport. 

Carbon Disclosure Project (CDP)

The CDP is an international non-profit representing institutional investors, offering transparent guidance on climate-related opportunities and risks for companies. 

The Sustainable Markets Initiative (SMI) Financial Services Taskforce (FSTF)

Credit Suisse is a member of the FTSF, convened as part of His Royal Highness The Prince of Wales’ SMI. The SMI looks to define a credible pathway to net zero and bolster engagement and accelerate transition to a net zero economy.

United Nations Environment Programme – Finance Initiative (UNEP FI)

Credit Suisse actively participates in the UNEP FI, a network bringing the UN together with banks, insurers and investors globally to shape the sustainable finance agenda.

Net Zero Asset Managers Initiative

A formal partner of the UNFCCC’s Race to Zero Campaign, NZAM unites 273 signatories with USD 61.3 trillion AuM (July 2022) committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner. 

Treeprint – The Beginning of the Big Carbon Age

05/12/2022

Treeprint – The ROE of a tree

05/12/2022

Treeprint – When emissions turn personal

05/12/2022

Climate change & the energy transition

05/12/2022

Related articles