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Credit Suisse’s record on climate change slammed by €2tn investor group
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Credit Suisse’s ESG credentials have come under fire, as a €2tn investor group calls on the bank to reduce its exposure to fossil fuels and restore its reputation following a series of scandals that have rocked the bank.
Eleven institutional investors, including Europe's largest asset manager Amundi and the pension fund of the city of Zurich, are urging the bank to improve its climate risk disclosures and publish targets to reduce its exposure to coal, oil, and gas in line with the 1.5C goal of the Paris Agreement.
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