Since 2017, the CSR Report has been replaced by the statement of non-financial performance.
It has three main objectives:
an increased demand for social/societal and environmental policies and actions by companies,
clarification and European harmonisation of CSR practices,
Adherence to the G20 recommendations for an international framework for transparency in the fight against global warming.
Social information: this concerns employment in the company, work organisation, safety, health, training, social dialogue, etc.
Societal information: this relates to equal treatment of men and women, integration of disabled workers, anti-discrimination measures, impact on local development and employment, etc., but also to relations with stakeholders (suppliers, subcontractors, etc.), actions aimed at consumer health and safety.
Environmental information: all sustainable development actions relating to the preservation of resources and biodiversity, the fight against pollution and global warming, the circular economy, etc., in line with the energy transition process.
Crédit Mutuel Arkéa's Raison d'être expresses a committed vision of the contribution it intends to make to society and to economic development. Closely aligned with this vision, Crédit Mutuel Arkéa has defined its objectives in terms of combating global warming by 2024, as the impact of this climate issue on the development of the business model of a financial services group, its various business lines and its stakeholders, is becoming increasingly clear.
It is important to point out that the group's climate objectives do not exhaust the scope of all the environmental issues it recognises as important (respect for biodiversity, protection of the oceans, development of the circular economy, etc.). These issues are themselves dependent on societal challenges (jobs, education, access to health care, access to housing, financial inclusion....) in which the Arkéa group intends to be a committed player.
In the diversity of their business lines, financial institutions are very directly concerned by the fight against global warming. Crédit Mutuel Arkéa is convinced that the climate is both a risk factor and a development opportunity for the group and the regions.
Supporting the transitions implies engaging in a progressive and long-term dynamic alongside all economic actors. In the face of the climate emergency, some sectors of activity must change profoundly and as a priority because their model, which is highly emissive of greenhouse gases, is not compatible with the objective of the Paris Agreement. This is the case for the coal industry, which accounts for a large share of CO2 emissions from the combustion of fossil fuels.
In this context, Crédit Mutuel Arkéa is committed to phasing out coal by 2030 on a worldwide basis and, as of 2021, is strengthening its financing and investment framework for companies whose activity is linked to coal (extraction and energy production), with the aim of directing financial flows towards low-carbon technologies and resources.