Group’s Sector policies
The goal of Crédit Agricole’s CSR policy is to define general principles and rules of engagement for financing and investment, in line with the policy of Crédit Agricole S.A. The Group has identified the best practices recognized by major international bodies and trade organizations and has formulated a series of evaluation and exclusion criteria based on this information.
Arms and defence sector
First sectoral policy published by Crédit Agricole, this procedural memo sets out a general framework for dealing with or excluding companies in the arms and defence sector with respect to financing, investing and providing services. It describes the operating principles applicable to counterparties with ties to the arms sector, distinguishing between controversial weapons (anti-personnel landmines and cluster bombs), sensitive weapons and other arms and defence equipment.
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The principles and rules defined apply to all of Crédit Agricole CIB’s financing and investment activities in relation to coal-fired power, nuclear power, hydro-electric dams, oil, gas and shale gas. These standards will be revised as its knowledge and understanding of these industries evolve.
Metals and mining sector
This Policy referring to the extractive industries completes the other CSR policies for the Energy sector given the importance of these issues notably in terms of biodiversity and human rights.