Credit Suisse is to acquire a 9.9 per cent stake in carbon credits group EcoSecurities for €44.0 million.

EcoSecurities originates and guides greenhouse gas emission reduction projects working with project developers and buyers of carbon credits in both the developed and the developing world.

The company has one of the industry's largest and most diversified portfolios of carbon projects with 422 clean development mechanism projects in 35 countries and encompassing 18 different technologies.

Credit Suisse's carbon trading business provides corporate buyers and investors with carbon credit trading strategies as part of the European Union Emissions Trading Scheme.

The bank sources carbon credits from emerging market countries through its emerging markets' franchise across the Americas, Asia, Europe, the Middle East and Africa and is currently the only major financial institution with its carbon trading desk based in the US.