Our sector policies

Agriculture in France is of particular importance regarding the production of quality food and the management of rural areas in the country. The agricultural sector plays an essential role in tackling climate change and in the ecological transition, notably by reducing greenhouse gas emissions, increasing carbon storage capacity, managing inputs reasonably, taking into account animal welfare, improving natural resource management, and preserving biodiversity.

Crédit Mutuel Alliance Fédérale want to strengthen its action in the agricultural sector and its climate ambitions to become a major player in the ecological shift from agriculture to agro-ecology, which is aimed at ensuring the sustainability of agro-ecosystems.

From March 1, 2020, companies developing their activities in the coal sector will be excluded from all financial support throughout the entire value chain.

Generally, Crédit Mutuel Alliance Fédérale will cease supporting companies for which:

• the annual coal production is greater than 10 million tons;
• the installed capacity based on coal is greater than 5 gigawatts;
• the share of coal in revenue is greater than 10%;
• the share of coal in the energy mix is greater than 10%.

These criteria, reviewed annually are not cumulative. They are intended to totally eliminate the financing of energy derived from coal by 2030. They will be revised every year to become increasingly demanding.

Policy applicable to all financial transactions intended for mining companies irrespective of the mining resource and method of extraction employed. This covers the entire sector from ore exploration to shipping.

Commitment to no longer intervene in the financing or in investments that are directly assigned related to the development, construction or extension of mining or metallurgical facilities if one of the following characteristics is present: project for asbestos mines, small-scale mines, critical impact on a protected zone or a wet zone that is on the Ramsar Convention list, and UNESCO world Heritage sites.

Crédit Mutuel Alliance Fédérale’s sector policy related to operations with defense and security companies recognizes the existence of conventions, treaties, agreements and regulations specific to the arms industry.

Crédit Mutuel Alliance Fédérale refuses to take any part in controversial weapons operations and respects drastic principles regarding unconventional weapons as well as countries affected by such funding.