Group news / Meeting the teams in Italy

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Friday 19 April 2024

Meeting the teams in Italy

As Crédit Agricole’s second-largest domestic market, Italy benefits from all of the Group's business lines to meet the needs of its 6 million active customers thanks to whom the Bank is number one on the Customer Recommendation Index.

First established in the country more than 50 years ago, the Group now has 14 entities, 1,500 branches and over 16,000 staff in Italy, who embody the virtues of the universal banking model day after day. From consumer finance to corporate and investment banking, including asset management, insurance and wealth management, all of the teams work together on common themes such as synergy development, technology, innovation and ESG to address the major challenges of tomorrow, notably in terms of new customer requirements and the transitions. The Villages by CA network, introduced in Italy in 2018, has already supported 155 start-ups in just one of its current locations.

To further develop relations with major Italian clients, businesses and financial companies, several members of the Crédit Agricole S.A. Executive Committee have travelled to Milan. This visit is an opportunity for Phillippe Brassac, CEO of Crédit Agricole S.A., Olivier Gavalda, Deputy CEO of Crédit Agricole S.A. in charge of Universal Banking, Jérôme Grivet, Deputy CEO of Crédit Agricole S.A. in charge of Steering and Control Functions, Xavier Musca, Deputy CEO of Crédit Agricole S.A. in charge of Major Clients and CEO of Crédit Agricole Corporate & Investment Bank, Nicolas Denis, CEO of Crédit Agricole Assurances, and Stéphane Priami, CEO of Crédit Agricole Consumer Finance, to attend a meeting with all members of the 14 Italian entities’ management committees, in the presence of Giampiero Maioli, Senior Country Officer for the Crédit Agricole Group in Italy, at the Village by CA Milan.

Speaking to the teams at the meeting, Philippe Brassac emphasised the successful ongoing development of the businesses in Italy, which positions the Group as a leading player with an impressive reputation for professionalism and care, showcased by employees in all regions. This meeting was also a chance for the heads of the different business lines to explain what they do and for attendees to ask questions about the Crédit Agricole Group and its prospects.

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Crédit Agricole Payment Services has published its latest CSR report. In digital format, this second report illustrates the Group’s strong commitment to CSR issues: the roll-out of an inclusive payment solution for visually impaired people (Sérénipay), trial of the payment solution that provides customers with an estimate of the carbon footprint related to their purchases and water consumption, Green IT (decarbonising the information systems, developing eco-designed and accessible products and offers). The work undertaken in 2023 falls under the 3 main pillars of its CSR policy: Environment, Social and Governance.

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Crédit Agricole CIB has advised Hy24 (joint venture between Ardian & FiveT), the world’s leading private investor in hydrogen, on its acquisition of a majority stake in and financing of the expansion of Hysetco, the French leader in hydrogen mobility.
This transaction will help to accelerate the roll-out of Hysetco’s integrated hydrogen mobility solutions to reduce carbon emissions related to urban, interurban and regional transport. It demonstrates the financial and industrial expertise of CACIB’s GreenTech and Hydrogen teams in facilitating complex transactions alongside major global players and is consistent with the Group's goals in terms of new mobility.

Crédit Agricole Bank Polska has joined the partnership in the Climate Positive program run by United Nations Global Compact Network Poland. It pursues pro-climate goals that stem from the 10 Principles of the Global Compact and the UN Sustainable Development Goals. The Bank will share good practices in reducing its negative impact on the climate, as well as strive to meet global sustainability challenges.

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70 GW of renewable energy between 2019 and 2030

This is the goal set by Italy, where energy demand is mainly concentrated in the north of the country but the renewable energy resources are predominantly in the southern half. At the end of 2023, only 20 GW were operational. Italy cannot rely on massive offshore wind farms due to the depth of the water away from its coastlines, meaning that it is not in a position to consider the development of offshore wind turbines. There are plans to increase the number of solar farms, mainly in the south of the country, and the transport network will undergo significant reinforcement.

Source: electrification in Italy’s energy transition, Group Economists.

VIDEO

Through the J’agis programme, Group employees are taking action to help financially vulnerable people

To help combat excessive borrowing, the Crésus* association, supported for the past year by Crédit Agricole S.A. as part of its sponsorship programme, provides assistance to those in financially vulnerable situations. In particular, it offers them the opportunity to tackle issues relating to their budget, in a tangible and entertaining way by playing a board game.

This awareness-raising and financial education programme called Dilemme Éducation works with volunteer employees who become Dilemme ambassadors and help run the game sessions. Since last summer, 12 workshops have been co-led by 8 employees and others are undergoing training to expand the scheme.

One such employee has shared a video of her experience and motivations, supported by the Crésus Partnerships & Development Manager.

* The Crésus association promotes an innovative view of financial inclusion through 3 areas of focus: raising awareness and prevention through fun and innovative learning, supporting households and entrepreneurs in positions of economic or social vulnerability, and university research and studies on how to help prevent financial exclusion and improve equal economic opportunities.