The Swiss banking giant announced its latest sustainability ambitions which included the goal of becoming a major player in ESG research and the placement of sustainability leaders in every single division, all the way up to the highest level.
Credit Suisse will begin with the establishment of an advisory committee at the board of director level and name Iris Bohnet as Board of Directors Sustainability Leader on the Group Board of Directors, the bank said in its latest mid-quarter investor update.
This follows the creation of an executive board-level function called Sustainability, Research & Investment Solutions (SRI) – launched in July 2020 and led by Ludie Hudson – which is designed to implement the bank’s sustainability strategy across its wealth and investment banking business.
ESG Leader
In addition to expanding its ESG products, services and advisory capabilities, Credit Suisse will also seek to become a «leading voice» in ESG research by being «a standard-setter through partnerships with industry groups and NGOs in the fragmented ESG ecosystem».
And for its balance sheet, the bank targets net zero emissions from financing, as per the Paris Agreement objective of limiting global warming to 1.5 degrees Celsius, no later than 2050 with intermediate goals for 2030.
