ESG Investing
UBS’s Credit Suisse Takeover Came With a CO2 Headache
The purchase of its troubled Swiss rival included a multibillion-dollar shipping portfolio and some very big emissions questions.
This article is for subscribers only.
Among the many headaches UBS Group AG inherited when it swallowed its crosstown rival was one tied to Credit Suisse’s multibillion-dollar shipping portfolio.
This particular issue wasn’t about the quality of Credit Suisse’s loans, mind you. Instead, said two people familiar with the matter, it was how to account for their climate risk.