Employment and social commitments
Crédit Mutuel Alliance Fédérale is a committed and socially responsible bank. We make a positive choice for dialogue with employees, training and career development, to support our 75,000 staff to help them deal with the challenges of a changing world. We also address these challenges through a mutualist policy of social responsibility that contributes to sustainable growth and our overall mutualist performance by combining financial performance with employment, societal and environmental goals.
- Gender equality
in managerial positions and, over time, in directorships. - Training
4.5% of payroll (2020) earmarked for employee training; 100% of elected directors to receive training by 2023 to strengthen mutualist governance; 100% of employees trained in transformation. - Equality of opportunity
We promote diversity and equal opportunities (particularly by giving opportunities to young people) while paying special attention to the recruitment of staff from deprived urban neighborhoods and rural areas. - Banking for all
We are enhancing support for our most vulnerable customers with dedicated advisors and a specific engagement policy. - Mutual ownership
We are targeting a membership rate in excess of 90% by 2023.
Environmental commitments
- Ending finance for coal
We are stopping all lending for coal-fired power plants and coal mining, freezing financial support for companies identified as developing new coal capacity, and exiting from investments in such companies. Outstanding corporate and project loans will be wound down by 2023. - Ending finance for projects linked to unconventional oil and gas
We are stopping all project lending linked to the exploration, production, transport infrastructure or refining of shale oil or shale gas, oil from bituminous sands, heavy and extra-heavy oil, and oil and gas extracted in the Arctic. - 30% cut in our carbon footprint by 2023
All entities and subsidiaries have pledged to reduce their carbon footprint by 30% by 2023. As part of this, an in-house carbon tax system has been set up, which serves to provide funding for a charitable foundation.