Insights into the French organic food sector
Organic food is booming all over the world and the same thing is happening in France. The sale of organic food increased by +10.4% in 2020. Get some insights on the French organic food market.
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.
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/.
Ready to expand to the UK market?
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.
5 questions to the General Manager
Pierre Vinci, General Manager at CIC London, shares some insights on the group strategy of Crédit Mutuel Alliance Fédérale, his vision for CIC London and the post-pandemic opportunities he sees in the UK.