Last Updated on March 15, 2023
The bank Credit Suisse’s yearly sustainability reports highlight the bank’s efforts to fight climate change, fight for LGBTQ rights, ensure hiring diversity quotas are met in the United States, and build stronger ties with the World Economic Forum.
Part of the introduction of Credit Suisse’s sustainability report reads, “Recognizing the need to achieve greater consistency, we incorporated a series of core metrics recommended by the World Economic Forum (WEF). We joined a number of industry associations, including the Net Zero Banking Alliance, which is working towards common standards on how to measure, report and set targets for carbon reduction. In February 2021, we joined the Sustainable Markets Initiative’s Financial Services Taskforce, a collaboration of around a dozen global banks convened by HRH the Prince of Wales to accelerate the financial industry’s transition to net zero.”
Credit Suisse’s sustainability also reports emphasized race in hiring at all United States branches. “Increasing our Black Talent representation in the US and UK to 4.3%, following our public announcement in 2020 of a US and UK target to double our Black Talent senior headcount and increase our overall Black Talent representation in those locations by 50% by 2024,” the report read.
Credit Suisse also boasted about their work with LGBTQ. “We currently have seven LGBTQ+ Networks globally with approximately 6,000 LGBTQ+ allies across the bank, and the number is growing” the report read.
Credit Suisse viewed fighting climate change as one of its most important goals, “We recognize climate change as one of the most significant risks facing our planet. Climate risk is central to our sustainability agenda at Credit Suisse, as we look to limit the impacts that result from the transitional or physical effects of climate change. We continue to work on the measures required to address climate change, in support of a transition towards lower-carbon operations and products” the report read.
Other banks facing major issues also have woke ties. National File previously reported that Silicon Valley Bank’s political committee had close ties to Democratic and pro-Trump impeachment lawmakers. Meanwhile Signature Bank, the other bank that crashed this week, dropped Donald Trump as a client after January 6th.
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