Credit Suisse Sustainability Profile
Credit Suisse Group AG, commonly known as Credit Suisse, is a leading global financial services company headquartered in Switzerland (CH). Founded in 1856, the firm has established a strong presence in key operational regions, including Europe, the Americas, and Asia-Pacific. Operating within the banking and financial services industry, Credit Suisse offers a diverse range of services, including investment banking, private banking, and asset management. Its unique approach combines innovative financial solutions with a commitment to client service, positioning the firm as a trusted partner for individuals and institutions alike. With a rich history marked by significant milestones, Credit Suisse has earned a reputation for excellence and stability, making it a prominent player in the global financial landscape. The company continues to adapt to market changes, ensuring it remains at the forefront of the industry.
DitchCarbon Score
How does Credit Suisse's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Credit Suisse's score of 50 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Credit Suisse's reported carbon emissions
In 2022, Credit Suisse reported total carbon emissions of approximately 63,193,000 kg CO2e globally, with significant contributions from Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions accounted for about 11,880,000 kg CO2e, while Scope 2 emissions were approximately 8,091,000 kg CO2e (market-based). Scope 3 emissions were notably higher, totalling around 43,221,000 kg CO2e, primarily driven by business travel (24,331,000 kg CO2e) and fuel and energy-related activities (9,925,000 kg CO2e). In Switzerland, the emissions data for 2022 indicated a total of about 13,294,000 kg CO2e, with Scope 1 emissions at approximately 8,898,000 kg CO2e, Scope 2 emissions (market-based) at around 1,791,000 kg CO2e, and Scope 3 emissions reaching about 13,294,000 kg CO2e. Credit Suisse has committed to achieving net-zero emissions by 2050, with this long-term target set in 2023. This commitment encompasses all scopes of emissions, reflecting the company's dedication to addressing climate change comprehensively. The emissions data is cascaded from Credit Suisse, which is a current subsidiary of UBS Group AG, indicating a structured approach to sustainability within the corporate family.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 17,400,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 43,200,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 91,300,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Credit Suisse's Industry?
How Carbon Intensive is Credit Suisse's Location?
Credit Suisse's Scope 3 Categories Breakdown
Credit Suisse's Scope 3 emissions, which increased by 69% last year and decreased by approximately 53% since 2018, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 68% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 56% of Scope 3 emissions.
Top Scope 3 Categories
Credit Suisse's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Credit Suisse has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
