2017 U.S.-Booked Air Volume: $65 million
2017 Global T&E: $328.8 million
Financial services company and investment bank Credit Suisse
spent about 7 percent less on U.S.-booked air travel in 2017 than it did in
2016, according to a BTN estimate. Credit Suisse spent 321 million Swiss francs
(US$328.8 million, using a Dec. 31, 2017, exchange rate) on global travel and
entertainment. That's about 2.1 percent less in Swiss francs than the 327
million Swiss (US$321.8 million, as of Dec. 31, 2016) spent on global T&E
in 2016.
The company accounted for 418.9 million kilometers of
business travel in 2017, down from 432.1 million the year before. The average
Credit Suisse full-time employee was responsible for 8,850 kilometers in
business travel, down from 9,100 kilometers in 2016. Credit Suisse encourages
rail travel for short business trips to reduce the environmental impact of its
travel and suggests remote conferencing options. Employees in 2017 accounted
for 211,500 hours of videoconferencing, via desktop software and
videoconferencing rooms, up from 190,400 hours in 2016. The company purchases
emissions-reduction certificates to offset emissions generated via air travel.
In 2017, the company totaled 46,200 metric tons of carbon dioxide equivalent
emissions from its air travel, compared with 48,000 in 2016.
Credit Suisse's revenue increased about 1 percent in 2017 to
21.8 billion Swiss francs. The company employed 46,840 people at the end of the
year, down from 47,170 one year earlier.