The Quest for Responsible Investments:

Opportunities and Challenges in

Combining Financial and Social Objectives

Patrick Elmer, Head Responsible Investment and Philanthropy Services

Private Banking Switzerland

Disclaimer Switzerland: This product can only be offered to qualified investors according to art. 10 para. 3 CISA. This material is personal

to each offeree and may only be used by those persons to whom it has been handed out.

social investment

responsible investment

sustainable investment

mission-driven investment

ESG investment

impact investment

double-bottom line investment

value-based investment

Liquidity Return

Risk

Fin

ancia

l re

turn

Extra-financial considerations

But the notion of ‘Return’ is evolving

Credit Suisse Approach Advising clients to combine various objectives

* Environment, Social and Governance screening

Client Objectives

Maximized risk-adjusted financial return via ESG screening and sustainability trends

Client Objectives

Social/environmental change through charitable donation and active support

Philanthropy Services

Client Objectives

Social/environmental change, combined with financial return

Microfinance and Impact

Investments Sustainable Investments

Social Return Financial Return

Responsible Investment and Philanthropy Services

TOP ≥ $1m in financial assets

BASE < $4 a day / PPP

10 m ill ion people

4'500 m ill ion people

Link

Innovative solutions to link the TOP with the Base

Data: Credit Suisse, June 2012

0

100

200

300

400

500

600

700

800

900

1'000

1'100

1'200

1'300

1'400

1'500

1'600

Dec 0

4

Dec 0

5

Mar

06

Jun 0

6

Sep

06

Dec 0

6

Mar

07

Jun 0

7

Sep

07

Dec 0

7

Mar

08

Jun 0

8

Sep

08

Dec 0

8

Mar

09

Jun 0

9

Sep

09

Dec 0

9

Mar

10

Jun 1

0

Sep

10

Dec-1

0

Mar

11

June 1

1

Sep

11

Dec 1

1

Mar-

12

Jun-1

2

USD 1'584m Across 15 investment funds

Over 3’600 clients investing 1.6 billion for impact

63%

26%

11%

Social impact

Financial return

Diversification

Source: Credit Suisse internal survey, 2010

Reasons to invest

Because our clients care

Source: Credit Suisse internal survey, 2010

53%

26%

8% 12% 1%

Irrelevant 0-2% 2-4% 4-8% >8%

Expected financial return

Not without challenges

8 November 2012 9

Track record

Volume Liquidity Banking platform

Sales & distribution

Innovation and shared value for the next decade

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