Climate Change

Climate change is one of the greatest challenges facing mankind. Credit Suisse and its clients are also impacted by climate developments. We are responding to this issue in two ways: by implementing internal environmental measures to help mitigate the negative effects of climate change and by developing innovative financial products for our clients that help protect the climate and the environment.

Climate protection and the reduction of greenhouse gas emissions are two of the most pressing issues of our times - a fact that was highlighted in a report by the UN Intergovernmental Panel on Climate Change (IPCC) in early February 2007, which warned of the negative consequences of climate change. We recognized the need for action at an early stage and are systematically implementing climate-related measures on a number of levels.

In 2006, for example, we achieved greenhouse gas neutrality in Switzerland and succeeded in reducing our total emissions worldwide by 20% compared to the previous year. In addition, Credit Suisse aims to become one of the first banks worldwide to make its entire global operations greenhouse gas neutral. We have been developing products and investment vehicles with a focus on environmental and social themes for our clients for several years. As a financial services provider, we are also contributing to the development of market-based solutions to control greenhouse gases.

Transparency regarding greenhouse gas emissions

Since 2002, Credit Suisse has been participating in the Carbon Disclosure Project. This international initiative forms a link between investors and companies, providing institutional investors with transparent information about the greenhouse gas emissions of listed companies. In 2007, 77% of the world's 500 largest companies (FT500) took part in the global survey and completed a questionnaire on this topic. Credit Suisse scored 75 points out of a possible 100.