The Societal Project, the foundation of our CSR commitments
In 2019, Crédit Agricole published its Mission Statement, "Working every day in the interests of our customers and society", and its Group Project, which includes its climate strategy and its Societal Project, the overall framework for its CSR policy and ESG performance. It has therefore placed the climate and ecological transition at the heart of its development model.
A pioneering commitment to sustainable development
From the outset, Crédit Agricole's mutualist model has led it to support changes in society
For more than 20 years, the bank has been committed to sustainability.It signed up to the Global Compact and the Equator Principles in 2003. In 2010, a Sustainable Banking unit was set up within Crédit Agricole’s investment banking subsidiary, contributing to the development and drafting of the Green Bonds Principles.
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The Societal Project, the foundation of the Group's CSR commitments for a just transition
After publishing its climate strategy in 2019, and faced with the urgency of climate change and the gap remaining to reach Paris Agreement traget in 2021, Crédit Agricole joined the Glasgow Financial Alliance for Net Zero and strengthened its Societal Project by publishing a programme/plan. The project is structured around three key areas and ten commitments for society. In 2022, the bank created two new business lines to support the transitions: Crédit Agricole Transitions & Énergies and Crédit Agricole Santé & Territoires.
Three themes, ten commitments
Commitments to international alliances and responsible initiatives
The Group's societal commitment is also expressed through a number of alliances and responsible initiatives at national and international level. Crédit Agricole has contributed to the creation of several foundational texts and international mechanisms promoting the application of CSR principles.
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Discover the list of our international commitments
A long-term commitment
For more than 20 years, Crédit Agricole has proven its involvement through its various commitments
› Signatory:
- • Women’s Empowerment Principles in 2022;
- • Net-Zero Banking Alliance, Net-Zero Asset Owner Alliance, Net-Zero Asset Managers Initiative since 2021 and Net-Zero Insurance
Alliance in 2022; - • Finance for Biodiversity Pledge since 2021(2);
- • Principles for sustainable insurance since 2021;
- • Tobacco Free Finance Pledge since 2020;
- • Principles for responsible banking and collective commitment to climate action since 2019;
- • Business for Inclusive Growth (B4IG) since 2019;
- • Poseidon Principles since 2019;
- • One Planet Sovereign Wealth Fund Asset Manager Initiative since 2019;
- • Manifesto for the Inclusion of People with Disabilities in Economic Life since 2019;
- • Science-Based Targets since 2016;
- • RE100 since 2016;
- • Charter for the energy efficiency of commercial buildings since 2013;
- • Responsible Purchasing Charter since 2010;
- • Corporate diversity Charter since 2008;
- • Parenthood Charter since 2019, renewed in 2022;
- • Principles for Responsible Investment since 2006;
- • United Nations Global Compact since 2003.
› Participant:
- IIGCC (Institutional Investors Group on Climate Change) since 2003
- • Taskforce on Nature-related Financial Disclosures (TNFD) since 2022;
- • AIGCC (Asia Investor Group on Climate Change) since 2020;
- • Climate Action 100+ since 2017;
- • Task Force on Climate Financial Disclosures since 2017;
- • Montreal Carbon Pledge since 2015;
- • Paris Appeal on Climate Change since 2015;
- • Call for carbon pricing at the initiative of the World Bank Group in 2014
› Co-founder member:
- • Finance for Tomorrow since 2017;
- • IIRC (International Integrated Reporting Council) since 2016;
- • Mainstreaming Climate Action Within Financial Institutions since 2015;
- • Catalytic Finance Initiative since 2015;
- • French Business Climate Pledge since 2015;
- • BBCA association (low-carbon building design) since 2015;
- • Green Bonds Principles since 2014;
- • Portfolio Decarbonization Coalition since 2014;
- • Equator Principles since 2003.
› Other positions:
- • Statement on modern slavery since 2017