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19 Jul 2011

Credit Suisse

[PDF] Credit Suisse comment on recent report by Berne Declaration

Credit Suisse respectfully disagrees with the criticism leveled against us recently by the Swiss NGO Berne Declaration on the subject of human rights. Credit Suisse is committed to respecting human rights and strives for transparency about its strict policies and processes relating to human rights. The core elements of our commitment to human rights, as well as summaries of our industry-specific policies and guidelines, are published on the bank’s website...Our approach is to implement policies on sensitive industries, and within these industry policies to deal explicitly and directly with issues such as human rights. Credit Suisse acknowledges its responsibility to respect human rights within its sphere of influence...[W]e are currently engaged in discussions with other banks to analyze these recommendations and to ascertain how they might be applied in the banking industry.