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.
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.
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.
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.
In 2022, Credit Suisse reported total carbon emissions of approximately 23,983,000 kg CO2e, comprising 8,898,000 kg CO2e from Scope 1, 1,791,000 kg CO2e from Scope 2, and 13,294,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive assessment of their emissions across all relevant scopes. The bank has set a long-term commitment to achieve net-zero emissions by 2050, with the target initiated in 2023. This ambitious goal underscores Credit Suisse's dedication to addressing climate change and reducing its carbon footprint across all scopes. It is important to note that the emissions data for Credit Suisse is cascaded from its parent organization, UBS Group AG, indicating a corporate family relationship that influences its sustainability reporting and targets. Overall, Credit Suisse's climate commitments and emissions data highlight its proactive approach to environmental responsibility within the financial services sector.
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
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 established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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