2015 U.S.-Booked Air Volume: $77 million
2015 Global
T&E: $384.4 million
Consolidated
Global TMC: American Express Global Business Travel
BTN estimates Credit Suisse spent
$77 million on U.S.-booked air in 2015 as overall T&E spending increased.
Credit Suisse’s worldwide T&E expenses hit 381 million Swiss francs, or
US$384.4 million using the Dec. 31 exchange rate, an increase of 7.9 percent.
In its annual report, Credit Suisse estimated that travel in terms of pure
distance rose 4 percent in 2015. Credit Suisse encourages employees to use
telephone and videoconferencing and to use train travel to cut greenhouse gas
emissions, according to its annual corporate responsibility report. Employees
used videoconferencing rooms for 173,946 hours in 2015, a marginal increase
from the prior year. Use of desktop videoconferencing through Lync rose 65
percent. Credit Suisse buys emission-reduction certificates to offset
international flight-emissions. In 2015, the firm offset about 66,600 metric
tons of greenhouse gases. The firm’s headcount increased 5.2 percent in 2015 to
48,200 full-time-equivalent employees. Net revenue declined 7 percent.