Credit Suisse AG
Real Estate Asset Management
Sihlcity – Kalandergasse 4
CH-8070 Zurich
Tel.
+41 44 333 14 28
Fax
+41 44 332 10 82
Siemens Switzerland Ltd.
Public Relations
Freilagerstrasse 40
CH-8047 Zurich
Tel.: +41 585 58 32 58
Wincasa AG
Real Estate Services
Grüzefeldstrasse 41
CH-8401 Winterthur
Tel.
+41 52 268 88 88
Fax
+41 52 268 89 44
Media Release
Credit Suisse Real Estate Asset Management launches a program for a
systematic reduction of CO2 emissions on 1,000 properties of its real
estate portfolios
Zurich, July 11, 2012 Credit Suisse’s Real Estate Asset Management attaches considerable
importance to sustainability in the acquisition, construction and management of the properties
in the portfolios of its real estate products. From July 2012 to 2015, approximately 1,000
buildings in the portfolios will be reviewed and optimized by Siemens Switzerland and Wincasa
with regard to their energy efficiency. Thanks to this systematic approach it is estimated that
CO2 emissions can be reduced by approximately 13,000 metric tons.
The real estate sector has become one of the key action areas for sustainable development. Properties
throughout the world consume a total of approx. 40% of the world’s primary energy resources and
account for about one third of all man-made CO2 emissions by virtue of their HVAC, lighting and water
heating systems. Credit Suisse Real Estate Asset Management (REAM) perceives its responsibility to act
in an environmentally aware manner concerning the properties held in its portfolios. In 2010 Credit Suisse
REAM decided to obtain the greenproperty seal of quality or a similar certification for all newly constructed
buildings and in so doing take on a vanguard role with regard to sustainable construction. This vanguard
role will be further enhanced by the operational optimization program embarked on jointly with Siemens
Switzerland and Wincasa.
Energy-saving and Decarbonization Program in Existing Properties
To date, the options for systematically analyzing the savings and optimization potentials offered by portfolio
properties have been limited. That is why as of July 2012 Credit Suisse’s REAM division — one of
Switzerland’s largest private builders and building owners — has launched a five-year program in concert
with Siemens Switzerland and Wincasa to systematically reduce energy consumption and CO2 emissions in
operation. The designated target of this program is a minimum reduction of 10% CO2 on average for all
buildings, corresponding to approximately 13,000 metric tons of CO2.
The ca. 100 buildings with the largest energy consumption will be linked to Siemens’ Advantage Operation
Center (AOC). In so doing, the AOC will be able to monitor the energy consumption of the buildings on line
in real time and make corrections immediately where departures from target values are detected. The
energy efficiency of the other ca. 900 buildings will be analyzed annually on the basis of their energy
consumption data. Each building will be reviewed by energy engineers and its operation systematically
optimized on site, e.g. when the specified operating times for the ventilation system don’t correspond to
the actual working day requirements of the building users or if a room is being fully heated although people
rarely spend any time in it. Major energy-savings measures will be carried out by the respective building
operators.
Media Release
July 11, 2012
Page 2/3
1,000 Buildings Sustainably Optimized
The analysis and monitoring of all buildings will be done by Siemens Switzerland using its web-based
Energy Monitoring and Controlling tool (EMC). This tried-and-tested tool will enable all stakeholders with
access permissions to view their energy efficiency data at any time. This means that starting in 2013
Credit Suisse REAM will be able to analyze the energy consumption and CO2 emissions of buildings at the
touch of a button. By benchmarking all buildings Credit Suisse REAM will be able to deploy its financial
resources for improved sustainability in a targeted manner. Thanks to this program another 1,000
buildings will be optimized in Switzerland and operated in a sustainable manner in the long term.
Further information about Credit Suisse’s Real Estate Asset Management is available at: www.creditsuisse.com/ch/realestate. The press release and the pictures during and after the signing of the
contracts are available at: www.repictures.ch/nachhaltigkeit
Information
Roger Baumann, Head of Business Development & Sustainability, Real Estate Asset Management,
Credit Suisse AG, +41 44 333 44 53
Ivana Bianchet, Head of Communication, Real Estate Asset Management, +41 44 333 14 28,
ivana.bianchet@credit-suisse.com
Niklaus Baer, Siemens Switzerland Ltd., Public Relations, +41 58 558 32 58, niklaus.baer@siemens.com
Daniel Krebs, Wincasa AG, Project Head of Construction Management, +41 52 268 89 42,
daniel.krebs@wincasa.ch
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to
here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking,
investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to
companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is
headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 48,700 people. The registered
shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American
Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
Credit Suisse Asset Management
In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds,
credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed
income products. Credit Suisse’s Asset Management business manages portfolios, mutual funds and other investment vehicles for a
broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset
management in 19 countries, Credit Suisse’s Asset Management business is operated as a globally integrated network to deliver the
bank’s best investment ideas and capabilities to clients around the world.
All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all
jurisdictions or to all client types.
Siemens Switzerland Ltd.
The name Siemens has been closely linked with Switzerland since the first power station was built in Bern over 110 years ago. Operating
throughout Switzerland, the regional company, Siemens Switzerland, and the various affiliates and subsidiaries have a combined
workforce of approx. 6,300. This makes Siemens one of Switzerland’s largest and key industrial employers. Siemens Switzerland focuses
its main operations on the four sectors Energy, Healthcare, Industry, and Infrastructure & Cities, the latter including the Mobility &
Logistics and Buildings Technologies divisions. In fiscal 2011 Siemens’ Environmental Portfolio reported total sales of approx. 30 billion
euros, making Siemens one of the world’s largest providers of eco-friendly technologies.
Wincasa AG
Founded in 1999 with approx. 80 employees, Wincasa is now present at 15 locations across Switzerland with a combined workforce of
over 630. Wincasa, a wholly-owned subsidiary of the Credit Suisse group, manages approx. 170,000 properties with an investment value
of 40 billion Swiss francs. It maintains special centers of excellence for the management of apartments and offices and the administration
of retail and restaurant space.
Media Release
July 11, 2012
Page 3/3
Disclaimer
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to
change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an
invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not
necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from
sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does
not accept liability for any loss arising from the use hereof. Copyright © 2012 Credit Suisse Group AG and/or its affiliates. All rights
reserved.