UNEP FI – Best Practice Unternehmensbeispiele der Credit Suisse Group Otti Bisang

ÜBERSICHT UMSETZUNG UNEP-ERKLÄRUNG VOM UMWELTMANAGEMENT ZUM SUSTAINABILITY MANAGEMENT MICROFINANCE ÖKORISIKEN BEI FIRMENKREDITEN

ÜBERSICHT UMSETZUNG UNEP-ERKLÄRUNG VOM UMWELTMANAGEMENT ZUM SUSTAINABILITY MANAGEMENT MICROFINANCE ÖKORISIKEN BEI FIRMENKREDITEN

UMSETZUNG UNEP-ERKLÄRUNG VERPFLICHTUNG ZU NACHHALTIGER ENTWICKLUNG ICC (1991) UNEP-Erklärungen 1992/1995 Umweltpolitik 1995/1998/2002 Code of Conduct 1999/2004 Global Compact (2000) Equator Principles (2003)

UMSETZUNG UNEP-ERKLÄRUNG UMWELTMANAGEMENT UND FINANZINSTITUTE Umweltmanagement zertifiziert nach ISO 14001 (1997-2000-2003-2006) Umwelt-/Nachhaltigkeitsberichterstattung validiert DJSI / FTSE4Good / imug … VfU-/EPI-/SPI-Standards Zertifizierung der Zulieferer gefördert Kontakte zu Universitäten und Hochschulen

UMSETZUNG UNEP-ERKLÄRUNG SOCIALLY RESPONSIBLE INVESTMENT PRODUCTS Studies show that upper-tier affluent clients in particular are looking for “moral well-being” in their investments Venture philanthropy emanating trend from the United States Social Returns Financial Returns Sustainability Funds (e.g. CS Global Sustainability) Eco-technology Funds (e.g. Prime New Energy) Microfinance Foundations Ethical Funds (e.g. CS Fellowship Fund)

UMSETZUNG UNEP-ERKLÄRUNG ÖFFENTLICHKEIT UND KOMMUNIKATION Jährliche Berichterstattung seit 1994 Mitgliedschaften (UNEP, öbu, Engaging Stakeholder Program, …) Aktive Mitarbeit in inter-/nationalen Arbeitsgruppen Regelmässiger Dialog mit NGO und kritischen Shareholders Bewusste Netzwerkpflege (Brown Bag Lunches, …)

UMSETZUNG UNEP-ERLÄRUNG SUSTAINABILITY REPORTING – QUO VADIS ? Eco Performance Reports Environmental Reports Sustainability Reports Integration into Annual Report? Image brochure? www.credit-suisse.com/sustainability

UMSETZUNG UNEP-ERKLÄRUNG INCREASING PROFESSIONALISM OF NGOs Need for more intense dialoge Increasing demand for transparency and more detailed knowledge about the transactions Rising risk that something may go sour

ÜBERSICHT UMSETZUNG UNEP-ERKLÄRUNG VOM UMWELTMANAGEMENT ZUM SUSTAINABILITY MANAGEMENT MICROFINANCE ÖKORISIKEN BEI FIRMENKREDITEN

VOM UMWELT- ZUM SUSTAINABILITY MGMT SUSTAINABILITY AFFAIRS – MAIN TASKS Annual sustainability reporting as part of CSG’s corporate reporting Identifying and reporting internally on social and environmental trends and issues that might have a significant positive or negative impact on our business and/or reputation Cooperating with internal departments and specialists worldwide and acting as a coordinator in order to formulate a Group position or to take action on sustainability issues Maintaining contacts with Non-Governmental Organizations (NGOs) and helping to cultivate relations with sustainability-oriented shareholders to protect brand Maintaining a solid environmental management system (ISO 14001)

SUSTAINABILITY GOVERNANCE NEW PHASE – IMPROVED STRUCTURE Formation of a Sustainability Committee* – including members with business and specialist know-how – to ensure: broad buy-in on complex, diverse, inter-disciplinary and often controversial sustainability topics consistent Group positions informed decision-making recognition of spill-over effects between different business areas and geographical regions Committee will comprise a small group of senior managers from risk management and business development functions from the Business Units as well as the Group Corporate Center Two meetings per year Regular reporting of current sustainability issues to Group Executive Board and Board of Director’s Risk Committee * to replace Environmental Executive Board which was established in accordance with Directive W-0011

Sustainability Committee Competence Center Sustainability Affairs SUSTAINABILITY GOVERNANCE STRUCTURE CEO Highest decision-making authority BoD / RC Sustainability review Sustainability Committee Strategy and policies Determine CSG’s strategy with respect to environmental and social issues Define priorities, policies and Group positions; define and control annual objectives Implementation Ensure implementation of and compliance with CSG’s environmental policy and sustainability commitments Decide on environmental/social issues which cannot be resolved at BU level Endorse environmental management review as part of ISO 14001 process Competence Center Sustainability Affairs Support Sustainability Committee through: Monitoring of trends/competitors Coordination of projects Internal consulting and support Reporting Links to related internal committees (GxB, Public Policy Board, CSFB Reputation Risk Committee)

ÜBERSICHT UMSETZUNG UNEP-ERKLÄRUNG VOM UMWELTMANAGEMENT ZUM SUSTAINABILITY MANAGEMENT MICROFINANCE ÖKORISIKEN BEI FIRMENKREDITEN

A PROMISING INVESTMENT THEME MICROFINANCE A PROMISING INVESTMENT THEME Driving forces: Globalization: benefits are not equally distributed – rich countries benefit more than poorer nations Number of people that live in poverty is increasing: 3 billion people live on less than USD 2 a day Access to capital is a key factor for economic development Global players are expected to accept broader responsibilities 2005: UN Year of Microcredit Microfinance is a need we address as a financial intermediary to improve living conditions in developing countries Many HNWIs believe wealth also brings about responsibilities -> we enable them to act on this

responsAbility Global Microfinance Fund Microfinance – Banking for the ‘unbankable’ A new investment idea for the benefit of Credit Suisse Private Banking, customers and society responsAbility Social Investment Services AG www. responsAbility.ch Slide 16

responsAbility Global Microfinance Fund Financial characteristics Absolute positive return target Reflects interest rate environment (mostly floating rates – 6 months LIBOR) Additionally some growth potential added through cautious blend with limited equity investments Expected net return (after cost) for investor in current interest environment: approx. 2 % p.a. in USD (+/- 0.5 %) = approx. LIBOR + 1% Valuation rules according to fixed deposits = low risk due to interest rate changes Zuallererst: was ist Mikrofinanz? Schnellbleiche Teures Retail-Banking Informeller Sektor Unternehmertum Eigeninitiative Mikrofinanz ist keine Erfindung des weissen Mannes, sondern entsprechende Mechanismen haben z.T. schon recht lange Tradition (Spar- und Kreditkooperativen, Spargruppen u.a. Rotations-Systeme) Potenzial, aber auch Ausmass der Herausforderung responsAbility Social Investment Services AG www. responsAbility.ch Slide 17

responsAbility Global Microfinance Fund One investment – multiple benefits Customers absolute returns LIBOR + ~1% very short duration improves diversification tool to act responsibly helps to enjoy wealth CSPB and CSG sales commission less capital drain through donations customer loyalty differentiation door opener positive image effect Society contribution to poverty alleviation higher income for active poor USD 100,000 invested ~150 entrepreneurs reached ~600 family members have better food, health, education responsAbility Social Investment Services AG www. responsAbility.ch Slide 18

ÜBERSICHT UMSETZUNG UNEP-ERKLÄRUNG VOM UMWELTMANAGEMENT ZUM SUSTAINABILITY MANAGEMENT MICROFINANCE ÖKORISIKEN BEI FIRMENKREDITEN

ÖKORISIKEN BEI FIRMENKREDITEN ZEITLICHE ENTWICKLUNG 1992: Weisung 1.0 - Kredite > CHF 10 Mio / EUR 7 Mio 1994: Weisung 2.0/1 - Fachstelle Öko-Risiken (1-3 Personen) - Schulungen - Checklisten 2003: Weisung 3.0 - Outsourcing Fachstelle Ökorisiken - First Level Support - Ausbau Intranet

ÖKORISIKEN BEI FIRMENKREDITEN PROZESS

ÖKORISIKEN BEI FIRMENKREDITEN INTRANET (1/2) Ablauf und Hilfsmittel Ablauf des Prüfverfahrens Checkliste Altlastenrisiko für eine Kurzanfrage an PricewaterhouseCoopers Umweltrelevante Brancheninformationen (Merkblätter) Altlastenrisiko – Branchenliste Ökologisch exponierte Branchen Argumentarium für den Kundenverantwortlichen Adressen der Ämter für Altlastenkataster Formular Altlastenverdachtsflächenkatasterauszug Preisliste

ÖKORISIKEN BEI FIRMENKREDITEN INTRANET (2/2) Fachwissen zu Umweltrisiken Web-PAT Ökorisiken Interpretation Altlastenverdachtsflächenkataster Stand der Altlastenverdachtsflächenkataster per 30.06.2001 Ökologisch exponierte Branchen Umweltrelevante Begriffe Umweltrelevante Brancheninformationen Fallbeispiele Altlastenproblematik beim Liegenschafterwerb Besteuerung von Liegenschaften mit Altlasten Umweltlabels

CREDIT SUISSE GROUP SUSTAINABILITY AFFAIRS For further information please visit www.credit-suisse.com/sustainability or www.credit-suisse.com/sustainable-investments or contact: Environmental Advisor Otti Bisang Sustainability Affairs (GCBS) P.O. Box 1 CH-8070 Zurich/SWITZERLAND Tel. +41 44 33 22 609 otti.bisang@credit-suisse.com