Since 2017, the CSR Report has been replaced by the statement of non-financial performance.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.
After adopting its climate strategy at the end of 2020, Crédit Mutuel Arkéa announced its support for the Task Force on Climate-related Financial Disclosures and published its first report based on the TCFD's recommendations. It marks a new stage in the group's commitment to the fight against global warming, and is part of a strategy of transparency towards its stakeholders. This initiative has just been approved by the Board of Directors, reflecting the commitment of Crédit Mutuel Arkéa's governance to this issue, which is fully in line with the group's raison d'être and strategic plan "Transitions 2024".
Resolutely determined to take into account the major societal and environmental issues in all its activities, Crédit Mutuel Arkéa formalised its commitment to transforming its financing and investment practices in light of the climate emergency at the end of 2020. At that time, it undertook to share annually with all its stakeholders the actions implemented to understand, measure and integrate the impacts of climate change into its strategic and operational decisions.
In the context of Law 2017-399 of 27 March 2017 on the duty of care of parent companies and contractors, the Crédit Mutuel Arkéa group has set up an alert mechanism dealing exclusively with risks of serious harm in terms of human rights, health/safety and the environment. Any individual or legal entity outside the Crédit Mutuel Arkéa group who finds themselves in a position to alert on such a risk of serious harm (without the character of imminent danger), can send an email to the following address: alerte.RSE@arkea.com