Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Financial Health & Inclusion
• Responsible Employment
• Community Investment
• Sustainable Development

Environmental Achievements

• Reduced greenhouse gas emissions by 22% in 2021 compared to 2020 (382,976 tonnes of CO2 equivalent in 2021)
• 34% of assets in customer portfolio estimated as eligible for the European Taxonomy's climate change mitigation and adaptation objectives.
• Committed to exiting coal by 2030 and applying binding criteria to oil & gas financing.
• Launched Prêt Avance Rénovation home renovation loan to support low-income homeowners and climate action.

Social Achievements

• Launched a new TV and online campaign aimed at empowering young people.
• Scrapped medical questionnaires for borrower's insurance for loyal customers purchasing their main residence (up to €500,000).
• Increased support for younger generations with over €50 million allocated to assistance programs.
• Implemented strong measures to boost purchasing power and recognize employee performance.
• Increased annual solidarity budget by 10% for Crédit Mutuel Arkéa (€4.18 million).
• Implemented various solidarity measures across federations to help customers and members in difficulty (€12 million annually for CMB and CMSO federations).

Governance Achievements

• 90% of Crédit Mutuel federations adopted “entreprise à mission” (mission-driven enterprise) status in 2022.
• Joined the Net-Zero Banking Alliance, committing to carbon neutrality by 2050.
• Established a governance structure and national roadmap for managing climate and CSR risks.
• Incorporated climate and environmental issues into national risk appetite framework.

Climate Goals & Targets

Environmental Challenges

• Climate change impacts (extreme weather events, etc.)
• Geopolitical instability (e.g., war in Ukraine) and its economic consequences (inflation, supply chain disruptions)
• Maintaining IT security in a changing technological landscape.
• Addressing the digital divide.

Mitigation Strategies

• Mobilized key business areas (risk, IT, compliance) to address the repercussions of the conflict in Ukraine.
• Maintaining commitment to a French-based mainframe with own data centers.
• Integrating climate and environmental risks into lending processes and investment decisions.
• Supporting customers with the energy transition through targeted loans (€28.123 billion in receivables).
• Developing alternative sourcing strategies (not explicitly stated, but implied by response to geopolitical challenges).
• Donating computers to reduce the digital divide.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Financing renewable energy projects
• Supporting energy transition

Reporting Standards

Frameworks Used: Principles for Responsible Banking (PRB), UN Global Compact

Sustainable Products & Innovation

• Prêt Avance Rénovation loan
• Green investment funds

Awards & Recognition

• World Finance Magazine's Best French Banking Group
• Qualité de la Banque awards

Environmental Metrics

ESG Focus Areas

• Climate Change Mitigation
• Climate Change Adaptation
• Financial Health and Inclusion

Environmental Achievements

• Reduced direct carbon footprint by 25% between 2019 and 2024 (Crédit Mutuel Arkéa)
• Goal to reduce carbon footprint of balance sheet by 20% (Crédit Mutuel Alliance Fédérale)
• €34.665 billion in loans to support energy and green transition
• 26 renewable energy projects financed in 2023 totaling €2.55 billion in authorizations

Social Achievements

• Fees capped for over 400,000 financially vulnerable customers in 2023
• More than 96,000 customers benefited from special banking services for vulnerable customers in 2023
• €480 million refinanced or disbursed to over 13,000 recipients through microcredit support networks in 2023
• Goal of 65,000 customers with special accounts for vulnerable customers by 12/31/2024 (Crédit Mutuel Alliance Fédérale)
• Goal of >60% meeting rate for financially vulnerable individuals by end of 2024 (Crédit Mutuel Arkéa)

Governance Achievements

• Reorganized ESG governance in 2023 to improve monitoring of climate and ESG risks
• Established seven working groups to coordinate ESG implementation and best practices
• Formalized a national liability and reputational risk management framework in 2023
• Created a societal dividend (Crédit Mutuel Alliance Fédérale) allocating 15% of net income annually to environmental transformation and social solidarity

Climate Goals & Targets

Environmental Challenges

• Embedding PRB oversight into governance
• Gaining or maintaining momentum in the bank
• Conducting an impact analysis
• Assessing negative environmental and social impacts
• Setting targets
• Data availability
• Data quality

Mitigation Strategies

• Established seven working groups to address various ESG aspects
• Developed methodologies for measuring carbon footprint and setting decarbonization trajectories
• Implemented ESG questionnaires for corporate counterparties
• Continuous monitoring by CNCM’s CSR team and internal training initiatives

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Drought
• Storms
• Hail
• Snow
• Floods
• Rising sea levels
• Rising average temperature
• Changes in rainfall

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and services
• Financing of renewable energy projects

Reporting Standards

Frameworks Used: GRI, TCFD, UN Global Compact, EU Taxonomy, SFDR, NFRD

Third-party Assurance: Independent third-party assurance for NFPS since 2012

UN Sustainable Development Goals

• SDG 7 (Affordable and Clean Energy)
• SDG 13 (Climate Action)
• SDG 1 (No Poverty)
• SDG 8 (Decent Work and Economic Growth)
• SDG 10 (Reduced Inequalities)

Initiatives contribute to these goals through financing of renewable energy projects, support for vulnerable customers, and promotion of sustainable practices.

Sustainable Products & Innovation

• PACT Trajectoire ESG loan (Crédit Mutuel Arkéa)
• Pact Carbone loan (Crédit Mutuel Arkéa)
• Arkéa Impulse loan (Crédit Mutuel Arkéa)
• Loans for energy renovations, eco-PTZ, energy transition loans (various regional groups)
• Renewable energy loans (various regional groups)

Awards & Recognition

• First prize at the 2023 Podium de la Relation Client®