Together with Banques Populaires Régionales, Banque Centrale Populaire forms Crédit Populaire du Maroc, popularly called Banque Populaire Group. The group has 1,422 branches, 2,603 additional distribution points and more than 1,911 automated telling machines throughout Morocco. Banque Centrale Populaire has been listed on the stock exchange since 2004 and tracks its beginnings back to the 1920s.
In terms of its approach towards impact management, Banque Centrale Populaire acknowledges that its financing activities have both positive and negative impacts. The bank identified and prioritised its impacts through a materiality assessment process which included feedback from external stakeholders.
Banque Centrale Populaire has an opportunity to link the remuneration of its executive or management teams to sustainability performance criteria. No evidence was found that the bank is committed to gender equality and women’s empowerment and it could disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The bank also has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees.
There is no evidence that Banque Centrale Populaire discloses a target to reach net-zero financed emissions by 2050. The bank has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. There is no evidence that Banque Centrale Populaire discloses its financing activities devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the bank is committed to minimising its negative impacts or financing regenerative solutions.
There is no evidence that Banque Centrale Populaire has a publicly available policy statement committing it to respect human rights laid out in the UN Guiding Principles and the ILO declaration on fundamental rights at work. The financial institution has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises (SMEs) or low-income developing countries.