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Credit Suisse reducing carbon emissions, travel.

Publication: Business Travel News
Publication Date: 15-MAY-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Global financial services company Credit Suisse Group has launched one of the most ambitious projects yet to place environmental considerations at the heart of a corporate travel program.

Credit Suisse aims to make itself "greenhouse gas neutral" worldwide by 2012, but expects to achieve this target within Switzerland by the end of this year. In the case of business travel, neutralization is to be achieved by a combination of air travel reduction and investing in carbon offsetting projects for the flights its employees continue to take. Last year, Credit Suisse made offset payments--mainly through investing in renewable energy and energy-efficiency schemes--of nearly $120,000 solely for flights by Swiss-based employees.

The initiative both originated and is being piloted in Switzerland, where the group is headquartered. However, the United States also will...

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