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Credit Suisse Paris Agreement

by admin on September 16th, 2021

Credit Suisse said the bank, as a global financial firm, recognizes its share of responsibility in the fight against climate change. The company is aware of the need to reconcile the flow of funding with the goals of the Paris Agreement, she added. Credit Suisse`s Climate Risk Strategy program also consolidates our ongoing work on the adoption of the recommendations of the Task Force on Financial Records Related (TCFD) on the voluntary reporting of key risks and opportunities related to climate change. Credit Suisse continued its efforts to implement TCFD in 2019, following the four categories TCFD governance, strategy, risk management, measures and objectives. In this context, we have worked to formalize climate-related governance and definitions in key guidelines and our risky tetanus, and to define the principles of climate risk strategy and management. We expect that our efforts to introduce the TCFD will give us further guidelines for the transition to a world that gradually minimizes its dependence on fossil fuels. In addition, we are working with other banks to develop methods for aligning loan portfolios with the Paris Agreement. Credit Suisse`s 2019 Annual Report provides an overview of the status of implementation of the TCFD recommendations. The group said the analysis was proof that the Swiss financial market`s compliance with the Paris Agreement must become a top political priority.

“Policy and regulators need to provide and enforce clear guidelines in this regard,” Greenpeace said. 2. A binding agreement that obliges all financial actors to respect a climate-friendly economic model The agreement on reducing greenhouse gas emissions at the 2015 UN Climate Change Conference was a considerable success in global efforts to combat climate change. There are many ways to reduce these emissions and the time has come to implement the changes. Upon request, UBS commented “Ubs, through its ambitious climate strategy, supports a controlled transition to an economy that consumes little carbon dioxide, as provided for in the Paris Agreement. UBS clients increased their sustainable investments by more than 56% last year to nearly $490 billion. In addition, we have reduced our investments in fossil fuel companies to less than 1% of total credit activity.┬áThis step is the latest in a series of announcements from banks that want to show off their green benchmarks and capture business demand for cash to support the transition to a low-carbon economy. . .


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