Last week we announced a major initiative at Crédit Mutuel Alliance Fédérale. We created a Social Dividend, committing 15% of our yearly net earnings in favour of a greener and fairer society. This should represent around €500m in 2023 and more than €2bn over the next five years. It goes hand in hand with the Benefit Corporation status we adopted back in 2020 and our values as a mutual bank.
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
More information available on https://www.creditmutuelalliancefederale.fr/en/.
Crédit Mutuel Alliance Fédérale has unveiled its 2024-2027 strategic plan: Togetherness, Performance, Solidarity. The primary focus of the plan is to bolster performance in order to lead environmental and societal transformation.
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Solène Quintart, Head of the CIC Aidexport Representative Office in London, presents UK market trends and talks about the assistance her team can provide to companies seeking to expand their business in the UK.