Integrated Report 2020-2021

3. Creating added value

Key points

The ESG strategy that we implement through all the Group’s business lines reﬂects our desire to support the climate and social transition of our territories.

It is expressed through a climate policy based on the works of the scientific community. Our ESG strategy also aims to contribute to reinforcing social cohesion, without which the climate transition could not succeed. It is coordinated by a Crédit Agricole Group Governance component that steers our Societal Project. In 2020, we accelerated its deployment by placing climate issues at the centre of the business relationship with innovative tools, among which a Group ESG platform that collects external and internal non-financial data in order to calculate the main social impact indices for all Group entities.

This platform generates a climate transition score used to measure the climate transition trend of our “large corporate” customers and establish insightful dialogue around their transition strategy.

Yves Perrier

Deputy General Manager Savings and Real Estate

The financial sector plays a key role in facilitating energy transition: on the one hand by financing the necessary investments, and on the other by encouraging companies to transform their business model to meet this challenge. At Crédit Agricole, our objective is to integrate this approach at the core or our business. To this end, all the funds opened by Amundi now incorporate an ESG analysis that favours the companies most committed to this transition. "

No. 1

private financer of renewable energy in France

Faced with the climate challenge, we must succeed in the transformation of our economic model, while avoiding any brutal disruption. This is why sustainable economic development for all is a strong principle for action at Crédit Agricole Group, as confirmed each day by its mutual solidarity and customer-focused values. All economic agents, companies in particular, must participate in the decarbonisation of the economy. And we want to be there to support them. Only all together will we be able to avoid the 4°C to 5°C global warming promised by our inaction.

Dominique Lefebvre

Chairman of the Board of Directors

The question of social justice and the climate issue are closely connected. In this sequence in which the climate emergency requires us to find a new way to create value, we must be vigilant in maintaining the principles of justice and, more generally, the values on which our social cohesion is based."