WHY ARE WE DOING THIS?
Simply because there is real urgency around climate change and the threat is poses to biodiversity. We also live in a world where inequalities between people continue to widen to an intolerable level. As one of Europe's largest banks, we are driving forward much needed reforms by acting decisively and acting now.
Thierry Beaudet, Head of the French Economic, Social and Environmental Council, said: "A swallow doesn't make the spring, but the spring always comes eventually". By acting now and being bold, we hope to inspire others to do the same.
CRÉDIT MUTUEL ALLIANCE FÉDÉRALE'S SOCIAL DIVIDEND WILL ENTAIL ACTION AROUND THREE PILLARS
- Creation of the first “Environmental and Solidarity Revolution Fund”: a fund with no financial profitability target, 100% reserved for investments that support the environment and inclusiveness and whose primary ambition is to change production models.
- Transformation of banking and insurance practices: rollout of inclusive banking and insurance services, such as the elimination of the health questionnaire for people with health issues and former patients and the capping of fees for vulnerable customers;
- Sponsorship: substantial support for major local, regional and national causes, particularly through the Crédit Mutuel Alliance Fédérale Foundation.
More information available on https://www.creditmutuelalliancefederale.fr/en/.