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Giving meaning to savings: solidarity and the environment

Giving meaning to savings: solidarity and the environment - Crédit Agricole


in social-impact funds in 2015, up 22.6% on 2014.


The social and solidarity sector is a driver of local and regional development and social and environmental innovation. At the same time, savers are increasingly seeking to give meaning to their investments. As an essential cog in the system, banks need to ensure that the socially-responsible or "green" savings collected are used to finance companies and organisations of substantial social and environmental use. 


The Group has a complete range of social-impact savings called "L'Autre Epargne" (another way to save). These products finance initiatives in employment, housing, healthcare, the environment, organisations, over-indebtedness, and international solidarity. The funds are transferred directly or indirectly by the client or by Crédit Agricole to local structures.

"L'Autre Epargne" comprises three types of product:
- two mutual funds with Finansol certification that support two organisations (Banques Alimentaires and Habitat et Humanisme)
- the "Livret Sociétaire" passbook featuring the "Tookets" option (local, community-minded currency corresponding to a pledge)
- and the "Contrat Solidiare" by Predica.

Amundi's engaged and socially useful management approach is based on an internal analysis model. Importantly, Amundi commits to publishing an impact report with information on the social results generated, including the number of jobs created, people rehoused, entrepreneurs set up, and people cared for.

With the Amundi Valeurs Durables fund, savers can finance "green technologies" by investing in European businesses that carry out at least 20% of their business activity in renewable energies, the improvement of energy efficiency, and water and waste management. The fund had €182 million in AuM at 31 December 2015.