A major player in the banking industry aware of its leadership responsibilities, for the past five years, Crédit Agricole S.A. has demonstrated its commitment to application of the United Nations Global Compact and has officially adopted its 10 principles. The Group is actively involved in international initiatives, such as the Equator Principles, the Principles for Responsible Investment, and the Climate Principles more recently. It also signed the Diversity Charter.
Voluntary commitments
Six years of Global Compact implementation
By signing the United Nations Global Compact in 2003, Crédit Agricole S.A. formalised its commitment to adopt, support and apply within all of its business units the Compact’s 10 fundamental principles regarding:
- Human Rights
- Labour Standards
- Environment
- Anti-Corruption
A prominent role in the Equator Principles
Crédit Agricole subsidiary Calyon joined forces with nine other banks in 2003 to establish the Equator Principles (EP). Calyon, the Group’s corporate and investment banking subsidiary, was the first French bank to commit itself to this assessment of the social and environmental impacts of the Project Financing business line, and to add in obligations for borrowers, where required.
A voluntary commitment to responsible finance
One of the first signatory companies to the Principles for Responsible Investment (PRI) in 2006, Crédit Agricole Asset Management has since progressively adopted these principles through the exercise of its voting rights, a commitment to dialogue with other companies and its research activities.
Among the leading members of the Climate Principles
Adhering from the beginning to the charter of the Principles Climate for the financial sector, beside several financial institutions, the Crédit Agricole has made tackling climate change one of the priorities of its corporate social and environmental policy.
The Diversity Charter for the Group’s activities in France
A Diversity Charter was signed on 21 January 2008 by Crédit Agricole’s CEO and the CEOs of LCL, Calyon, Crédit Agricole Leasing, Eurofactor, Crédit Agricole Asset Management, Banque de Gestion Privée Indosuez, Predica and Pacifica. This is evidence of the Group’s commitment and a reaffirmation of its intention to continue to implement measures that have now been in place for several years to promote diversity and fight against all types of discrimination.
