The group conducts its business in accordance with universal rights and principles. The Crédit Mutuel group's CSR policy is guided by public positions related to specific topics and sectors..
Our main commitments
Crédit Mutuel has made commitments that enable it to meet the highest international standards:
| Date joined | Commitment | Entity | Content |
|---|---|---|---|
| 2003 | Global Compact - Advanced level | Crédit Mutuel group | Respect human rights, comply with international labor standards, protect the environment and prevent corruption. |
| From 2009 | Principles for Responsible Investment (PRI) | Portfolio management : Federal Finance Gestion (2009), Groupe La Française (2010), Crédit Mutuel Asset Management (2012), CIC Private Debt (2014), Banque de Luxembourg Investments SA (2017), Schelcher Prince Gestion (2018), Arkéa Capital (2019), Suravenir (2019), Dubly Transatlantique Gestion (2020) |
The six Principles for Responsible Investment are a set of freely adoptable, ambitious investment principles that posit a range of measures for incorporating ESG factors into investment management activities. |
| 2019 | Principles for Responsible Banking (PRB) | Crédit Mutuel group | Align our strategy with the United Nations' Sustainable Development Goals (SDGs) and the Paris Climate Agreement:
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| 2020 | Poseidon Principles | CIC (a Crédit Mutuel Alliance Fédérale subsidiary) | The Poseidon Principles offer a framework for assessing the alignment of financial institutions' shipping portfolios with climate targets. They are part of the greenhouse gas (GHG) emissions reduction strategy adopted in April 2018 by the member states of the International Maritime Organization (IMO), which aims to cut total GHG emissions from shipping by at least 50% by 2050 – and to eventually eradicate them entirely. |
| 2021 | PRB - Net-Zero Banking Alliance (NZBA) | Crédit Mutuel group | Led by the banking sector in coordination with the United Nations Environment Programme Finance Initiative (UNEP-FI), the Net-Zero Banking Alliance works to achieve the Paris Agreement carbon neutrality target, aiming to align bank portfolio-related emissions with pathways to net zero greenhouse gas emissions by 2050. |
| 2021 | Net-Zero Asset Managers Initiative | Groupe Crédit Mutuel | Le Net-Zero Asset Managers Initiative est un groupe international de gestionnaires d'actifs qui s'est engagé à appuyer l'objectif de zéro émission nette de gaz à effet de serrre d'ici 2050 ou avant, conformément aux efforts mondiaux visant à limiter le réchauffement climatique à 1,5°C et de soutenir les investissements alignés sur la neutralité carbone d'ici 2050 ou avant. |
| 2021 | PRB – Commitment to financial health and inclusion | Crédit Mutuel group | Under the Principles for Responsible Banking (PRB) and in coordination with the United Nations Environment Programme Finance Initiative (UNEP-FI), this mechanism aims to promote financial inclusion for all and a banking sector that supports the financial health of its customers. |
| 2021 | Finance for Biodiversity Pledge | Crédit Mutuel Arkéa (2021) Federal Finance Gestion (2021) Schelcher Prince Gestion (2021) Crédit Mutuel Asset Management (2021) La Fançaise (2022) |
The Finance for Biodiversity Pledge is a commitment by financial institutions to protect and restore biodiversity through their financial activities and investments. It consists of five measures that financial institutions commit to take:
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Our roadmap
The Crédit Mutuel group's consolidated action plan is structured around three objectives:
- SUSTAINABILITY - Establishing a lasting approach
- REPORTING - Developing relevant and tangible measurement methods
- CLIMATE - Aligning our activities with the Paris Agreement climate targets
It aims to collectively capitalize on the initiatives undertaken and to manage our common objectives (regulatory in particular).
| The 13 projects in Crédit Mutuel's consolidated action plan | ||||
|---|---|---|---|---|
| SUSTAINABILITY - Establishing a lasting approach | ||||
| 1 - Governance and acculturation | 2 - Principles for Responsible Banking | 3 - Incorporation of climate/ESG factors into risk tools | 4 - Regulations | 5 - Control and monitoring |
| REPORTING - Developing relevant and tangible measurement methods | ||||
| 6 - Statement of Non-Financial Performance (SNFP) | 7 - Carbon footprint | 8 - Alignment with standards | ||
| CLIMATE - Aligning our activities with the Paris Agreement climate targets | ||||
| 9 - Identification of green assets | 10 - Coal exposures | 11 - Customer CSR information | 12 - Carbon footprint of financed assets (scope 3) | 13 - Stress tests |
Thirteen projects have been planned and prioritized.
Each regional group also sets its own CSR strategy; to find out more click on the links below:
Our participation in financial sector initiatives
Crédit Mutuel actively contributes to financial sector initiatives in France and Europe.
These include the various specific working groups that European banking organizations such as the European Banking Federation (EBF) and the European Association of Co-operative Banks (EACB) have set up to help promote sustainable finance.
At the national level, Crédit Mutuel is actively involved in the work of the French Banking Federation (FBF) on climate risk prevention:
- through the Climate Commission, which every month brings together representatives of the risk and CSR departments of all French bankings, and any ad hoc commissions that deal with this topic;
- through the various working groups set up by the FBF on the subject (coal/hydrocarbon exposures, green taxonomy, integration of ESG risks in Pillar III reports, Corporate Sustainability Reporting Directive - CSRD, etc.).
Crédit Mutuel also contributes to the industry's responses to the numerous European-level consultations on environmental, social and governance (ESG) issues.