TCFD Opportunities
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1
Type
Markets
Climate-Related Opportunity
Financing: Equity issuance (e.g., through sustainable capital markets transactions, private placements, or SPACs) aligned with the Credit Suisse Sustainable Activities Framework as well as M&A sell-side and buy-side advisory to support the transition of our clients to reach a stronger ESG performance.
Horizon
ST-LT
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2
Type
Markets
Climate-Related Opportunity
Financing: Issue green debt financing instruments (private or public debt, structured notes) to fund projects or assets that mitigate climate change by reducing emissions, protect ecosystems, or otherwise have a positive environmental impact.
Horizon
ST-LT
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3
Type
Markets
Climate-Related Opportunity
Financing: Lending to fund green or climate-related projects (e.g., renewable energy infrastructure, low-carbon public transportation) or technologies that are expected to play an important role in decarbonizing the economy (“green loans”) or offering sustainability-linked loans whose pricing is based on the borrower’s ESG score or overall sustainability achievements.
Horizon
ST-LT
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4
Type
Markets
Climate-Related Opportunity
Financing: Evaluate new property investments also from an ESG perspective with respect to the impact on a property’s current and potential future value as it relates to energy efficiency, public transport connectivity, use of sustainable materials, tenant well-being, and community engagement.
Horizon
ST-LT
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5
Type
Products and Services
Climate-Related Opportunity
Investing: Actively exercise the bank’s rights as shareholder in companies or on behalf of clients by voting at shareholder meetings and actively engaging with investee companies in order to preserve long-term shareholder value, enhance long-term returns, and influence companies’ ESG performance.
Horizon
ST-LT
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6
Type
Products and Services
Climate-Related Opportunity
Investing: Integrate environmental, social, and governance (ESG) criteria along the investment process consequently and broad-based with the objective to achieve an improved risk-return profile in clients investment portfolios and make portfolios more resilient against financial market shocks resulting from climate risks.
Horizon
ST-LT
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7
Type
Products and Services
Climate-Related Opportunity
Investing: Develop investment strategies premised on the view that a rapid shift in public sentiment and policy-making regarding the climate may lead to a large variation in the fortunes of companies that stand to gain from the resulting transition, and those that will lose.
Horizon
ST-LT
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8
Type
Products and Services
Climate-Related Opportunity
Investing: Expand the product offering to investment strategies that are aligned with the Credit Suisse Sustainable Investment Framework, which allows clients to make a positive impact on society and environment without sacrificing returns.
Horizon
ST-LT
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9
Type
Products and Services
Climate-Related Opportunity
Advise: Provide financial advice and develop financing strategies that enable existing and prospective clients to move towards a low-carbon economy and reach a stronger ESG performance.
Horizon
ST-LT
#
10
Type
Products and Services
Climate-Related Opportunity
Advise: Provide investment advice to enable existing and prospective clients to better understand and manage their exposure to climate risks and enhance their resilience to both physical and transition risk.
Horizon
ST-LT
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11
Type
Products and Services
Climate-Related Opportunity
Advise: Capture client ESG interests and preferences in an ESG profile as basis of our integrated advisory process.
Horizon
ST-LT
We believe that climate transition opportunities are substantial in the short term, and will increase prominence even further in the medium-long term. In addition, we expect the potential financial impact of these opportunities could be as follows:
Increased revenues from financing or investments in low-carbon industries
Better competitive position to reflect shifting stakeholder demand
Increased portfolio diversification of financial assets
Increased revenue through growth in financing activities to support the energy transition
Increased revenue through demand for lower emission products or services
Increased revenue through new solutions
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12
Type
Products and Services
Climate-Related Opportunity
Reporting: Provide ESG reporting at portfolio level as part of our ESG integrated advisory process to identify climate related risks and opportunities that can lead to switch proposals.
Horizon
ST-LT
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13
Type
Resource Efficiency
Climate-Related Opportunity
Office efficiency: Improve energy efficiency of current office space and capture cost-savings from optimization programs and investments in energy efficient technologies and energy storage.
Horizon
ST-LT
#
14
Type
Resource Efficiency
Climate-Related Opportunity
Office space optimization: Optimize office occupancy rate by rationalizing down office space in a hybrid working model that is flexible to allow for increased levels of home working.
Horizon
ST-LT
#
15
Type
Resource Efficiency
Climate-Related Opportunity
Office lease: Develop sustainability criteria for office selection and green leasing policies for landlord-controlled spaces to create incentives for efficiency gains.
Horizon
ST-LT
#
16
Type
Resource Efficiency
Climate-Related Opportunity
Data center efficiency: Improve utilization and energy efficiency of in-house data centers and capture cost-savings from optimization programs and investments in energy efficient technologies and energy storage.
Horizon
ST-LT
#
17
Type
Resource Efficiency
Climate-Related Opportunity
Data center optimization: Source third-party suppliers and cloud providers with improved energy and carbon performance aligned with industry best practice.
Horizon
ST-LT
#
18
Type
Energy Source
Climate-Related Opportunity
Renewable electricity supply: Source 100% of electricity from renewable sources for all data centers and office space.
Horizon
MT
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19
Type
Energy Source
Climate-Related Opportunity
Transition heating to zero carbon: Replace fossil fuel heating with efficient electrical systems using air source or ground source heat pumps powered by renewable electricity.
Horizon
MT-LT
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20
Type
Energy Source
Climate-Related Opportunity
Onsite and offsite generation: Onsite and offsite generation for office buildings and parking lots (e.g., solar panels).
Horizon
MT-LT
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21
Type
Energy Source
Climate-Related Opportunity
Vehicles: Shift leased, owned and third-party fleets to low carbon vehicles, install onsite charging infrastructure for electric vehicles and introduce employee schemes for electric vehicles or low carbon alternatives.
Horizon
MT-LT
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22
Type
Resilience
Climate-Related Opportunity
Procurement: Engage suppliers across our supply chain to improve carbon performance and introduce low carbon policies.
Horizon
ST-LT
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23
Type
Resilience
Climate-Related Opportunity
Sourcing: Increase supply of renewable energy to offices and data centers and use electrical storage where possible.
Horizon
MT-LT
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24
Type
Resilience
Climate-Related Opportunity
Employee engagement: Encourage employees to take climate actions in office, expand employee training and benefit programs that enable employees to calculate their own carbon footprint, and reduce carbon emissions through a range of actions that include renewable energy, electric vehicles, and more efficient modes of travel.
Horizon
MT-LT
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25
Type
Resilience
Climate-Related Opportunity
Data and management information: Develop management information dashboards structured on climate-impact data, to enable decision making processes.
Horizon
MT-LT
*ST = Short-term, MT = Medium-term, LT = Long-term
We believe that the opportunities in resource efficiency, energy source, and resilience have the potential to deliver financial and business benefit through:
Cost savings from energy efficiency gains and reduced purchase of carbon removals to achieve net zero
Improved business continuity through reducing risk of power outages in operations and in the supply chain
Reduced future costs of meeting new carbon regulations and potential carbon taxes
Improved competitive position through delivering better carbon reduction performance relative to peers
Talent retention and acquisition as Credit Suisse ‘walks the talk’ in reducing its own carbon footprint, and demonstrating its performance as a sustainability leader
Market-leading branding & reputation through achieving carbon reduction targets across financing, operations and supply chain