UBS Is Buying Credit Suisse’s Greenhouse Emissions Burden, Too (1)

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During the final week that Credit Suisse Group AG existed as an independent entity, its chairman and chief executive took some time to pen remarks for the embattled bank’s sustainability report.

Axel Lehmann and Ulrich Körner provided their expectations for what Credit Suisse would look like in 2050. It would be—in their words—a cleaner, greener, more sustainable bank after having traversed the choppy waters of the energy transition and eliminated carbon emissions from its operations and financing activities.

As we now know, the Swiss ...