Patrick Elmer
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Patrick Elmer



TBLI CONFERENCE™ EUROPE 2012 - Zurich - Switzerland

TBLI CONFERENCE™ EUROPE 2012 - Zurich - Switzerland



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    Patrick Elmer Patrick Elmer Presentation Transcript

    • Private Banking Switzerland The Quest for Responsible Investments: Opportunities and Challenges in Combining Financial and Social Objectives Patrick Elmer, Head Responsible Investment and Philanthropy ServicesDisclaimer Switzerland: This product can only be offered to qualified investors according to art. 10 para. 3 CISA. This material is personalto each offeree and may only be used by those persons to whom it has been handed out.
    • mission-driven investment sustainable investment value-based investment Risk social investment responsible investment ESG investment Return Liquidity impact investmentdouble-bottom line investment
    • But the notion of ‘Return’ is evolvingFinancial return Extra-financial considerations
    • Credit Suisse ApproachAdvising clients to combine various objectives Responsible Investment and Philanthropy Services Microfinance and Impact Philanthropy Services Sustainable Investments Investments Client Objectives Client Objectives Client Objectives Social/environmental change Social/environmental change, Maximized risk-adjusted through charitable donation and combined with financial return financial return via ESG active support screening and sustainability trends Social Return Financial Return * Environment, Social and Governance screening
    • Innovative solutions to link the TOP with the Base 10 m illion TOP people ≥ $1m in financial assets Link 4500 m illion BASE people < $4 a day / PPP
    • Over 3’600 clients investing 1.6 billion for impact16001500 Across 15 investment funds USD 1584m14001300120011001000 900 800 700 600 500 400 300 200 100 0 Jun 08 Dec 04 Dec 05 Dec 06 Dec 07 Dec 08 Dec 09 June 11 Dec 11 Jun-12 Sep 06 Sep 07 Sep 08 Sep 09 Sep 10 Sep 11 Mar-12 Dec-10 Mar 06 Mar 07 Mar 08 Mar 09 Mar 10 Mar 11 Jun 06 Jun 07 Jun 09 Jun 10 Data: Credit Suisse, June 2012
    • Reasons to invest Social impact 63% Diversification 26% Financial return 11%Source: Credit Suisse internal survey, 2010
    • Expected financial returnBecause our clients care 53% 26% 8% 12% 1% Irrelevant 0-2% 2-4% 4-8% >8%Source: Credit Suisse internal survey, 2010
    • Not without challenges Track Banking Sales & Volume Liquidity record platform distribution 8 November 2012 9
    • Innovation and shared value for the next decade
    • Disclaim erThis document was produced by Credit Suisse AG and/or its affiliates (hereafter "CS") with the greatest of care and to the best of its knowledgeand belief. However, CS provides no guarantee with regard to its content and completeness and does not accept any liability for losses whichmight arise from making use of this information. The opinions expressed in this document are those of CS at the time of writing and are subjectto change at any time without notice. If nothing is indicated to the contrary, all figures are unaudited. This document is provided for informationpurposes only and is for the exclusive use of the recipient. It does not constitute an offer or a recommendation to buy or sell financial instrumentsor banking services and does not release the recipient from exercising his/her own judgment. The recipient is in particular recommended to checkthat the information provided is in line with his/her own circumstances with regard to any legal, regulatory, tax or other consequences, ifnecessary with the help of a professional advisor. This document may not be reproduced either in part or in full without the written permission ofCS. It is expressly not intended for persons who, due to their nationality or place of residence, are not permitted access to such information underlocal law. Neither this document nor any copy thereof may be sent, taken into or distributed in the United States or to any U. S. person (within themeaning of Regulation S under the US Securities Act of 1933, as amended). Every investment involves risk, especially with regard to fluctuationsin value and return. Investments in foreign currencies involve the additional risk that the foreign currency might lose value against the investorsreference currency. Historical performance indications and financial market scenarios are no guarantee for current or future performance.Performance indications do not consider commissions levied at subscription and/or redemption. Furthermore, no guarantee can be given that theperformance of the benchmark will be reached or outperformed.Commodity investments are subject to greater fluctuations in value than normal investments and may lead to additional investment risks.The collective investment scheme mentioned in this publication was launched in Switzerland. The fund management company is Credit SuisseFunds AG, Zurich. The custodian bank is Credit Suisse AG, Zurich. Subscriptions are only valid on the basis of the current sales prospectus withthe integrated fund contract, the simplified prospectus, and the most recent annual report (or semi-annual report, if more recent). The prospectuswith integrated fund contract, the simplified prospectus, and the annual and semi-annual reports are available free of charge from Credit SuisseFunds AG, Zurich, and from all Credit Suisse AG banks in Switzerland.Copyright © 2012 Credit Suisse Group AG and/or its affiliates. All rights reserved. 11