Credit Suisse Boosts Corporate Clients' Sustainability
Credit Suisse Group AG
Credit Suisse is enhancing its sustainability advisory services for corporate clients to facilitate their transition to a sustainable business model.
Credit Suisse has expanded its sustainability-related services for corporate clients through its collaboration with act Cleantech Agentur Schweiz (act). As a strategic partner of Credit Suisse, act assists Swiss small and medium-sized enterprises (SMEs) in enhancing their energy efficiency and adopting decarbonised business models.
act provides companies with personalised support in developing a decarbonisation strategy that includes specific measures. This includes assistance with setting targets in collaboration with the federal government and cantons, as well as facilitating energy tax refunds. By reducing energy costs, companies can take a significant step towards meeting the requirements of a net-zero emissions economy.
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Lorenz Schaller, Head of the Corporate Banking Sustainability team at Credit Suisse Switzerland: "The partnership with act Cleantech Agentur Schweiz enables us to offer our clients even more comprehensive sustainability services from a single source. It means that we can now help companies meet current and future social challenges in an area that goes well beyond traditional banking services while at the same time contributing to a less emission-intensive and more resource-saving economy."
In the Swiss Corporate Clients business, a specialised Sustainability team has been established to offer comprehensive expertise of external sustainability rating agencies and assist front-office employees, among other things. Client guidance is delivered by engaging specialised internal and external partners, customised to meet the specific requirements of companies, which are supported in defining sustainability goals and integrating them into their corporate strategy.
Andreas Gerber, Head of Corporate Clients Switzerland and member of the Executive Board of Credit Suisse (Switzerland) Ltd.: "Sustainability is a strategic priority in Credit Suisse's Corporate Clients business. We are now expanding our offering in this area with a Sustainability team that bundles all our existing expertise and drives forward the development of this area. We are therefore even better placed to support companies in their transition to a more sustainable business model."
The bank provides an extensive range of financing options related to sustainability, with a focus on designing financing tools that are linked to sustainability objectives. Credit Suisse provides sustainable financing solutions through sustainability-linked finance and green finance.
Sustainability-linked financing promotes environmentally and socially sustainable business practices as well as sustainable development. Green financing, on the other hand, is primarily dedicated to environmental concerns, such as the fight against climate change, and is specifically segregated. Incorporating specific environmental or social goals into financing instruments strengthens a company's sustainability approach.
Further details on Credit Suisse's sustainability-related consultancy and financing offerings for businesses, as well as general information on sustainability for businesses, are available at credit-suisse.com/sustainability-for-companies.
Source: Credit Suisse