Crédit Mutuel Alliance Fédérale

Crédit Mutuel Alliance Fédérale is creating a social dividend

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. 

Crédit Mutuel Alliance Fédérale is creating a social dividend


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.


  • 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.


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