The Crédit Agricole S.A. Group proposes a common set of labour standards to its employees around the world
On 31 July 2019, the Crédit Agricole S.A. Group signed its first international framework agreement with UNI Global Union*, the international trade union federation of the private service sector.
The agreement is consistent with the Group’s code of conduct and ethical charter. It notably addresses human rights and the fundamental rights of employees, chief among which are the freedom of association, the banning of all forms of discrimination, and the development of employee/employer dialogue.
The agreement provides cornerstone labour guidelines to the 75,000 employees of the Crédit Agricole S.A. Group in its 47 operating countries, regardless of their place of work. Implementation will be regularly monitored with UNI Global Union.
First measurable achievement: 16 weeks’ paid maternity leave
Consistent with the Group’s Human-Centric Project, the agreement includes a major commitment to parenting, establishing the principle of 16 weeks’ paid maternity leave, which will be available to all of the Group’s female employees starting on 1 January 2021.
It also recommends that entities introduce paid adoption and paternity leave.
The agreement covers the following commitments:
• Disabilities: each entity will introduce an action plan to foster the integration of employees with disabilities.
• A gender equality commitment: concrete measures will be taken at each step in professional careers to ensure gender equality.
• An insurance commitment (incapacity, invalidity, death and health): a review will be made of all the existing insurance plans at the Group’s entities to identify their practices relative to the national and industry standard.
• Digitalisation: the Group will endeavour to limit the negative impacts of new technologies on employees and their working conditions.
This is one of the first embodiments of the ambitions set out by the bank for the human resources component of its Group Project. The new agreement was applauded by the Vigeo non-financial ratings agency, which increased the rating of the Crédit Agricole S.A. Group after the announcement.
* International union federation for private-sector skills and services, with 900 affiliated unions and representing 20 million employees in 150 countries.