Why investors should back the 2022 climate change resolution at Credit Suisse
The climate change resolution at Credit Suisse was filed by 11 institutional investors and coordinated by ShareAction with support from Ethos Foundation and SVVKi.
Together, we are asking the bank to include a new article in its Articles of Association (Article 8d Climate Change Financing). The resolution asks for further disclosures on Credit Suisse’s strategy to align with the 1.5C goal of the Paris Agreement, specifically with respect to bank’s short-, medium- and long-term strategy to reduce its exposure to fossil fuel assets.
Exposure here is defined as project finance, corporate lending, capital markets underwriting and facilitation, and investments, and the timeline requests Credit Suisse issue a response to the resolution at least six weeks before the bank’s AGM on 29 April 2022.