Credit Suisse Adopts The Carbon Principles
Under the Carbon Principles, Credit Suisse says it will encourage its energy clients to invest in demand reduction through energy efficiency as well as cost-effective renewable and low-carbon distribution technologies.
Credit Suisse says it will also work with power companies to assess the risks associated with greenhouse gas-emitting fossil fuel generation.
Citigroup, JPMorgan Chase and Morgan Stanley announced The Carbon Principles in February. Bank of America jumped on board in April. They do not preclude banks from financing traditional coal-burning power plants, but do set up a more rigorous evaluation process.
Some financial institutions have taken steps to do their part in combating greenhouse gas emissions, especially through the Carbon Disclosure Project’s Climate Leadership Index, of which Credit Suisse is a member.
Energy Manager News
- Driving Energy Efficiency by Improving the Owner/Tenant Relationship
- Case Study: Fast Payback in New York City
- $8M Project to Upgrade Chillicothe (OH) Correctional Institute
- Three Trends Align to Save Buildings Millions in Energy Costs
- Law Bars Energy Providers from Charging Early Termination Fees in the Event of Death
- Corporations Spend Big on Ballot Initiatives, Crushing Ratepayer Opposition
- Texas Retailer Offers Instant Rebate for Rooftop Solar, Offers High Credits for Excess Solar
- Local, State and the Federal Government Excel at Energy Efficiency