The approach pursued by Crédit Agricole is based on acting on a local level to defend its global values. In the areas in which they operate, the Regional Banks and the Group are involved on a daily basis in efforts to promote economic inclusion, education, culture and health.
"PAYS DE FRANCE": THE CRÉDIT AGRICOLE FOUNDATION
With the creation of the “Pays de France” Crédit Agricole Foundation in 1979, we were the first to set up a corporate foundation. Its role is to support, alongside the Regional Banks, projects aiming to ensure the durability and enhance the value of the architectural, cultural and natural heritage of the regions in which we operate and provide local support for economic activity. The Foundation supports 30 to 60 projects across France each year.
The Foundation has therefore been involved for 30 years in supporting our heritage and supported more than 1,000 projects:
THE GRAMEEN CRÉDIT AGRICOLE FOUNDATION
The Grameen Crédit Agricole Foundation was founded in 2008 at the initiative of Crédit Agricole S.A., in partnership with Professor Yunus, founder of Grameen Bank and a Nobel Peace Prize laureate. Its purpose is to help microfinance institutions (MFIs) provide financial services to the most impoverished populations. The microfinance approach has proven its effectiveness, especially through microcredit to finance income-generating activities. Funded by Crédit Agricole in the amount of €50 million, the Foundation provides MFIs with loans, guarantees, equity and technical assistance. It also facilitates social business projects, helping make essential goods such as nutrition, water, energy, education and healthcare available to the poorest. Since its inception, funding has been approved for 46 projects in 19 developing countries, reaching approximately 1,252,000 people (91% women, 79% in rural areas, 38% in Sub-Saharan Africa).
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For the second year in a row, Crédit Agricole Assurances has launched a national call for projects with the aim of inviting applications for financing from charities supporting carers. Conveyed by the Regional Banks and in the press, the campaign resulted in 182 applications being received, 30 of which were pre-selected.
The jury met on 10 July 2012, chaired by the Chief Executive Officer of Crédit Agricole Assurances and comprising various people from the Group, the French carers’ association and civil society.
Of the 30 pre-selected applications, 18 gained the support of the jury and will therefore be able to benefit from financing within the framework of the €300,000 budget allocated to this patronage scheme. The projects selected concern issues such as psychological support, training and respite for carers.
With the 17 projects already financed last year, the 2012 campaign has increased the number of associations supported by Crédit Agricole Assurances to 35.
The Crédit Agricole Group has been granted “Entreprise solidaire des banques alimentaires” accreditation in respect of the Regional Banks’ support of food banks and a new partnership agreement signed by Crédit Agricole S.A. and FNCA with the Fédération française des Banques Alimentaires in 2011.
Crédit Agricole S.A. has therefore been recognised for its commitment to combating food waste and food shortages.