Relationship with suppliers

Credit Suisse works with numerous suppliers and service providers from a broad range of sectors. We expect these partners to address risks responsibly and to conduct their business in a socially and environmentally responsible manner. Our Supplier Code of Conduct aims to ensure that our external business partners respect human rights, labor rights, employment laws and environmental regulations. Credit Suisse’s Third Party Risk Management (TPRM) framework was established to manage financial, operational and reputational risks and to meet the increasing regulatory requirements governing business relationships with third parties. Through TPRM, we assess potential environmental, social and labor law-related risks, among others, in connection with third parties. The framework also allows Credit Suisse to regularly monitor these relationships, to raise and track issues and, if necessary, to demand actions for improvement from suppliers and service providers. Credit Suisse is also working on reducing our environmental impact across the supply chain (see pages 50-51). We expect to achieve this through programs to reduce energy, carbon emissions, environmental impacts and waste. We plan to deliver a 50% carbon reduction across our suppliers by 2030. We aim to drive forward 100% renewable energy procurement and source carbon emissions removals to deliver a net zero ambition overall.