Credit Suisse Group was founded in 1856 and is headquartered in Zurich, Switzerland. It serves companies, institutional clients and high-net-worth private clients worldwide,…
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UBS, Credit Suisse and the global oil, mining and gas industry
Switzerland, Jul 4 2006
Neither UBS nor Credit Suisse operate mines or drilling rigs. But Berne Declaration and BankTrack wanted a more complete picture of the involvement of the two leading Swiss banks in the extractive industries. In our research, we examined the financial links between Swiss banks and firms involved in the oil, mining and gas industry. We concentrated on significant financing of companies engaged in conflicts with local populations that occurred within the past five years. In over 60 individual cases, our research has shown how raw material extraction lead to human rights violations. The Swiss banks urgently need sound internal standards, in order to responsibly deal with the challenges of human rights, extractive industries and the related issue of climate change.
Solidly Swiss? UBS and the global oil, mining and gas industry
World map of the global oil, mining and gas industry (in German)
Berne Declaration Website
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