Credit Suisse CEO: ‘$2.5 Trn Private Sector Will Dramatically Boost Sustainable Economy’ (Impact4All)

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Credit Suisse CEO: ‘$2.5 Trn Private Sector Will Dramatically Boost Sustainable Economy’

In an exclusive two-part interview, Impact4All features editor Nick Rice speaks to Marisa Drew, head of the Credit Suisse Impact Advisory and Finance Department, about the pivotal role of the private sector in creating a more sustainable planet

- Promotion -

Individual philanthropy, funds raised by NGOs and financial contribution from governments are vital for tackling the immense environmental and social challenges humanity faces, but the participation of the private sector could prove to be a game-changer for the sustainable economy.

The United Nation’s Sustainable Development Goals (SDGs) suddenly become much more achievable with the volume of wealth that the corporate and institutional world can inject into the battle for a sustainable future.

The global financial services company Credit Suisse – active in over 50 countries with more than 46,000 employees – has a comparably long history in the Green Economy. In 2009, the company launched its first sustainable real estate fund with its own sustainability rating and the following year the bank achieved greenhouse gas neutrality across its global investment banking operations.

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In the midst of a global pandemic, Apple announced one of the corporate world’s most ambitious environmental blueprints – to reduce the climate impact of every Apple device to net zero by 2030. The plan involves cutting 75 per cent of the company’s existing carbon footprint, not only for its own business but also across the manufacturing supply chain and product life cycle.

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