Credit Suisse, a global financial services company, has set target for net zero targets to reduce its carbon emissions. The company aims to achieve net-zero emissions by 2050, aligned with the 1.5°C target and pledged to formulate interim science-based emissions reduction objectives for key sectors by 2030, which cover its own operations, investments, and lending activities. In 2022, the company’s scope 1 GHG emissions reported was 11,880 mtCO2e, scope 2 GHG emissions (both location-based and market-based) were 71,217 and 8,091 mtCO2e respectively and scope 3 GHG emissions was 43,221 mtCO2e. By 2022, the company expedited its greenhouse gas (GHG) reduction initiatives, catalyzed by the COVID-19 lockdowns that necessitated remote work for employees. These efforts proved successful, leading to the early achievement of the 2025 GHG emissions goal with an impressive 84% reduction. The company now targets a 75% reduction in GHG emissions compared to 2010 levels in reported operational aspects by 2025. Furthermore, the new enterprise goal for 2030 is a 61% reduction in scope 1 and scope 2 enterprise GHG emissions, benchmarked against the 2019 baseline.

In terms of current emissions, Credit Suisse has provided data for various sectors. For example, in the power generation sector, the company's emissions intensity is below the target level. Similarly, in commercial real estate, the emissions intensity is below the target. However, there are sectors where the emissions intensity is above the target, such as iron and steel and automotive. These figures provide an overview of the company's carbon emissions and its progress towards its reduction goals.

Credit Suisse has taken several steps to reduce its emissions and achieve its net-zero targets. The company has committed to reallocating capital to lower carbon intensity activities and engaging with clients and investees to promote sustainability. It has also made investments in sustainable finance solutions and joined initiatives like the Net Zero Asset Managers. Additionally, Credit Suisse has expanded its sector policies to cover climate-sensitive sectors and disclosed its Climate Action Plan, including interim goals for 2030.

The company's transition strategies are guided by three key levers: existing emissions reduction commitments by clients, providing sustainable finance solutions, and engaging with clients and investees. Credit Suisse has also established the Center for Sustainability to provide insights on emerging sustainability topics. The company is driving its own transition by aligning its financing and investing with the Paris Agreement objectives.

In conclusion, Credit Suisse is committed to reduce emissions, has taken steps to reduce its emissions and has made investments in sustainable finance solutions. While progress has been made in some sectors, there are areas where emissions intensity is still above the target. Credit Suisse's transition strategies and thought leadership initiatives demonstrate its commitment to sustainability and addressing climate change.

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