Sustainability Report 2020

Implementation of the Ten Principles of the UN Global Compact

Over 12,000 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 of the Global Compact Network Switzerland & Liechtenstein. Through our Sustainability Report, we communicate annually on the progress we have made in implementing the Ten Principles.

“We recognize the importance of upholding international standards and best practices to promote responsible business conduct, such as the UN Global Compact with its Ten Principles on human rights, labor standards, environmental protection and anti-corruption efforts. I am happy to reaffirm our support for this important initiative again this year.” – Thomas Gottstein, Chief Executive Officer.

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

Dialogue and knowledge-sharing Respecting human rights

Principle 2

make sure that they are not complicit in human rights abuses

Implementation at Credit Suisse

Assessment of sustainability risks
Sector policies and guidelines

Further information

Risk management/sustainability risk management Sector 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

Further information

Freedom of Association

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

Further information

Relationship with suppliers Respecting human rights

Principle 5

the effective abolition of child labor; and

Implementation at Credit Suisse

Sector policies and guidelines
Credit Suisse Supplier Code of Conduct and Third Party Risk Management (TPRM) framework

Further information

Sector policies and guidelines Relationship with suppliers

Principle 6

the elimination of discrimination in respect of employment and occupation.

Implementation at Credit Suisse

Commitment to equality, diversity and inclusion, including special programs, trainings and objectives

Further information

Committed to equality, 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
Assessment of sustainability risks
Sector 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 (TCFD)
Signatory to the Poseidon Principles

Further information

Climate Risk Strategy program Risk management/sustainability risk management Sector policies and guidelines Disclosure Frameworks Sustainability networks and initiatives Task Force on Climate-related Financial Disclosures

Principle 8

undertake initiatives to promote greater environmental responsibility; and

Implementation at Credit Suisse

Commitment to achieve net zero emissions from our operations, supply chain and financing activities no later than 2050, with intermediate emissions goals for 2030
Global greenhouse gas neutrality since 2010
ISO 14001-certified environmental management system
Activities in the area of conservation finance
Sustainability Strategy Advisory and Finance (SSAF)

Further information

Our role in addressing climate change Reducing carbon emissions across our operations Four-pillar strategy Safeguarding biodiversity and natural capital Governance for sustainable products and services

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 financing
Sustainable real estate

Further information

Reducing carbon emissions across our operations Financing a sustainable business world Accelerating renewable energy and other sustainable solutions Global Real Estate in Credit Suisse Asset Management Switzerland

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
Global whistleblowing framework including a web-based Integrity Line

Further information

Financial crime prevention Advancing our human capital approach Escalation and whistleblowing