A major player in the banking sector, as a leader we have a duty to set an example. That is why we have chosen to implement a proactive social and environmental responsibility (SER) policy in compliance with the United Nations Global Compact Pact. Our aim is to help make the world a more ethical, fairer place.
The United Nations Global Compact: our guideline
Crédit Agricole S.A. signed up to the United Nations Global Compact in 2003. Under the terms of the Compact, the company and its subsidiaries are committed to applying ten fundamental values in the following areas:
- Human rights
- Working conditions
- Fight against corruption
Equator Principles: a frontline commitment
A first for a French bank, Crédit Agricole CIB, Crédit Agricole's investment bank, was one of the founders of the Equator Principles in 2003 alongside nine other international banks. The aim of the initiative is to assess the social and environmental impacts of the projects they finance.
Principles for Responsible Investment: an ongoing initiative
Amundi, Crédit Agricole's asset management subsidiary, was one of the first signatories of the Principles for Responsible Investment introduced in 2006.
Two other Group companies have signed up since:
- Crédit Agricole Cheuvreux in 2008
- Crédit Agricole Assurances in early 2010
Climate Principles: a key element of our strategy
Crédit Agricole was one of the first financial institutions to adopt the Climate Principles in 2008. Combating climate change is central to our strategy and a key priority of our overall social and environmental responsibility policy.
Diversity Charter: combating discrimination
At Crédit Agricole we are convinced that diversity is a strength. That is why Crédit Agricole S.A. and 10 of its subsidiaries adopted a Diversity Charter in 2008 with the aim of giving practical expression to our determination to combat discrimination.
Human Rights Charter: expressing our convictions
The Human Rights Charter adopted at the end of 2009 has its roots in the conviction that respect for human rights is a matter not just for States and governments but also for corporate social responsibility.
Called RESPECT, the Charter underlines our determination to promote a number of essential principles:
On the basis of this commitment we take practical action in our various areas of activity and spheres of influence, both in France and elsewhere.
Responsible purchasing charter
Crédit Agricole S.A. signed the responsible purchasing charter between major buyers and SMEs at end-2010, committing itself to 10 principles, notably integrating environmental issues as regards our suppliers with economic aspects such as ensuring financial equity vis-à-vis suppliers and reducing the risk of mutual dependence.
In accordance with this charter, in 2012 Crédit Agricole S.A. appointed an internal mediator for inter-company relationships, independent of the Group functions directly involved in purchasing and reporting to Executive Management. This role is filled by the Head of Sustainable Development.