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Implementation of the Ten Principles of the UN Global Compact

Over 10,000 businesses from around 160 countries have pledged to uphold the principles relating to human rights, labor standards, environmental protection and anti-corruption efforts defined in the Ten Principles of the UN Global Compact. Credit Suisse has been a signatory to this leading international initiative since its inception in 2000, and we are an active member in the Global Compact Network Switzerland. Through our Corporate Responsibility Report, we communicate annually on the progress we have made in implementing the Ten Principles.

The Ten Principles of the UN Global Compact

Human rights

Principle 1

Businesses should support and respect the protection of internationally proclaimed human rights; and

Implementation at Credit Suisse

  • Participation in the Thun Group to promote a better understanding of the UN Guiding Principles on Business and Human Rights for the banking sector
  • Statement on Human Rights

Further information

Respecting human rights
Principle 2

make sure that they are not complicit in human rights abuses.

Implementation at Credit Suisse

  • Sustainability risk management
  • Sector-specific policies and guidelines

Labor

Principle 3

Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

Implementation at Credit Suisse

  • Credit Suisse Staff Council in Switzerland (internal employee representation)
  • European Works Council
Principle 4

the elimination of all forms of forced and compulsory labor;

Implementation at Credit Suisse

  • Credit Suisse Supplier Code of Conduct and Third Party Risk Management (TPRM) framework
  • Modern Slavery and Human Trafficking Transparency Statement
Principle 5

the effective abolition of child labor; and

Implementation at Credit Suisse

  • Sector-specific policies and guidelines
  • Credit Suisse Supplier Code of Conduct and Third Party Risk Management (TPRM) framework
Principle 6

the elimination of discrimination in respect of employment and occupation.

Implementation at Credit Suisse

  • Diversity and inclusion

Further information

Diversity and inclusion

Environment

Principle 7

Businesses should support a precautionary approach to environmental challenges;

Implementation at Credit Suisse

  • Group-wide Climate Risk Strategy program
  • Statement on Climate Change
  • Sustainability risk management
  • Sector-specific policies and guidelines
  • Signatory to the Principles for Responsible Banking (PRB)
  • Signatory to the Principles for Responsible Investment (PRI)
  • Addressing the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (FSB TCFD)
  • Signatory to the Poseidon Principles
Principle 8

undertake initiatives to promote greater environmental responsibility; and

Implementation at Credit Suisse

  • Global greenhouse gas neutrality since 2010
  • ISO 14001-certified environmental management system
  • Activities in the area of conservation finance
  • Impact Advisory and Finance (IAF) department
Principle 9

encourage the development and diffusion of environmentally friendly technologies.

Implementation at Credit Suisse

  • Use of climate-friendly energy sources for our operations
  • Green finance
  • Renewable energy project financing
  • Sustainable real estate

Anti-corruption

Principle 10

Businesses should work against corruption in all its forms, including extortion and bribery.

Implementation at Credit Suisse

  • Member of the Wolfsberg Group
  • Internal standards and training for employees
  • Integrity Hotline