Credit Suisse

Credit Suisse, a financial intermediation services company headquartered in Switzerland (CH), has reported significant progress in reducing its carbon emissions. In 2022, the company's total greenhouse gas (GHG) emissions, encompassing Scopes 1, 2, and 3, amounted to approximately 63.2 billion kg CO2e. This figure represents a notable reduction from previous years, with total emissions standing at about 47.0 billion kg CO2e in 2021 and approximately 56.3 billion kg CO2e in 2020.

The company's commitment to climate action is underscored by its ambitious net-zero target, aiming to achieve net-zero emissions by 2050, with an initial focus on emission reductions by 2023. While specific intermediate reduction percentages are not detailed, the ongoing efforts reflect a strategic approach to decarbonisation across all scopes of its operations.

Breakdowns for 2022 indicate Scope 1 emissions were approximately 11.9 billion kg CO2e, Scope 2 emissions (market-based) were around 8.1 billion kg CO2e, and Scope 3 emissions totalled approximately 43.2 billion kg CO2e. Key contributors to Scope 3 emissions in 2022 included business travel (about 24.3 billion kg CO2e) and fuel and energy-related activities (around 9.9 billion kg CO2e).

In terms of intensity metrics for 2022, Credit Suisse reported approximately 1173 kg CO2e per Full-Time Employee (FTE) for Scope 1 and 2 emissions (market-based), and about 48 kg CO2e per square metre. Emissions intensity per unit of revenue was approximately 4.235 x 10^-6 kg CO2e per CHF.

It is important to note that Credit Suisse's climate-related data and targets are cascaded from its parent organisation, UBS Group AG, which is listed as the source for its CDP and RE100 initiatives at cascade level 1.