Credit Suisse Group — Ethics Grade F

Credit Suisse Group receives an overall ethics grade of F (12/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 25
• privacy: 15
• consumer: 20
• environment: 30
• humanRights: 10

Documented incidents (3)

• Suisse Secrets Data Leak (high, 2022) — Massive leak of internal bank data revealed that Credit Suisse managed billions for clients involved in human rights abuses, drug trafficking, and corruption. The bank was accused of failing to vet many high-risk clients properly.
• Mozambique Tuna Bond Scandal (high, 2021) — The bank paid $475 million to settle charges of fraud and corruption related to a $2 billion bond for a Mozambique coastal defense project. The case involved massive kickbacks and left the country in a debt crisis.
• Spying Scandal (medium, 2020) — The bank’s leadership admitted to hiring private investigators to spy on its former head of wealth management after he defected to a rival firm. The scandal led to the resignation of the CEO.

Documented good deeds

• Sustainable Financing Targets — Announced a goal to provide $300 billion in sustainable finance by 2030 to support the UN Sustainable Development Goals.

Ethical alternatives

• Aspiration — Financial service focused on fossil-free deposits and automated carbon offsetting.