Crédit Agricole

The financial institution has a publicly available policy statement committing to respect ILO core labour rights and human rights. Moreover, it does not make political contributions and discloses its lobbying expenditures, including positions taken on sustainability topics.

The institution has established time-bound and measurable targets for providing products, services, and capital for climate solutions and is progressing towards these targets. It transparently identifies key sectors, clients, and investees for engagement on climate issues and engages in partnerships to influence and support them regarding nature-related impacts.

Additionally, the institution discloses the monetary amount or share of products, services, and capital provided to usually excluded groups, as defined by itself.

The financial institution has the opportunity to disclose the methodology it uses to determine a living wage for its operating locations and include anti-bribery and anti-corruption clauses in its contracts with business partners. While the institution has identified material sustainability impacts across its value chain, it should further detail the process and the objective criteria and supportable evidence used for identification and prioritization. It is also recommended that the institution discloses that it conducts third-party assurance or verification of its target reporting.While its subsidiary Amundi publishes a voting policy and a stewardship report considering environmental, social, and governance issues, the institution could develop its own voting policy at the group level. When referring to sectors and areas with nature-related impacts, the institution has the chance to detail how these were identified and prioritized as the ones with the highest impact in relation to its products, services, and capital.The institution should also disclose the breakdown of clients and/or beneficiaries by income group. While it discloses the breakdown of workforce by country for its subsidiary Crédit Agricole S.A., it should cover the entire group’s operations.In terms of its risk assessment process, while it currently includes risks associated with ILO fundamental rights at work for some of those affected by its products, services, and capital, it could expand to cover its full provision. It is recommended that the institution discloses that it has a process for identifying the social risks associated with its products, services, and capital in relation to the net zero transition.Finally, it is recommended that the institution provides an example of the specific conclusions reached and the actions taken or to be taken in response to at least one of its salient human rights issues, as a result of assessment processes in at least one of its activities in the last three years.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.