Serving our clients
CSR Sector policies
Crédit Agricole CIB includes ESG criteria in its financing policies.
These criteria predominantly reflect the citizenship-oriented issues that are most relevant for a corporate and investment banking institution, particularly in terms of respect for human rights, combating global warming and protecting biodiversity.
Crédit Agricole CIB deploys specific CSR policies for sectors where these issues are the most prevalent: Weapons, Energy (Oil and Gas, Shale Gas, Coal-Fired Thermal Power, Hydropower, Nuclear Power), Metals and Mining, Transport (Aviation, Shipping, Automotive), Transport Infrastructures, Real Estate, Forestry & palm oil.
The equator principles
When the Equator Principles were launched in 2003, Crédit Agricole CIB became the first French bank to sign them. In a few short years, the Equator Principles have become the benchmark for responsibility in project finance. This commitment to comply with certain social and environmental requirements is a crucial element of Crédit Agricole Group's corporate responsibility policy. It involves Crédit Agricole CIB's project finance teams on a day-to-day basis, and gives an active role in the decision process to a variety of actors.
The Equator Principles represent a voluntary, unilateral commitment to perform a detailed analysis of environmental and social aspects of each new project financing and to link financings to compliance with a number of requirements.
Their implementation at Crédit Agricole CIB
The Equator Principles apply to Crédit Agricole CIB’s entire project finance business line, including for projects that do not reach the USD 10 million threshold. Every project is classified by a comity (CERES Committee*) in one of the three categories defined by the International Finance Corporation* (IFC), based on its location and its potential impact on the environment and the local social fabric. If there is a need for increased vigilance, the project is classified for monitoring as sensitive.
In a few years, these principles have become a market standard, a benchmark of the best social and environmental practices in project finance. 80 financial institutions now subscribe to these principles, and compliance with them has become a prerequisite for success in international syndications of the most sizeable deals.
*CERES Committee : The CERES Committee is headed by Crédit Agricole CIB's Compliance Head and gathers 5 voting members (or their representative):
- the president,
- one of the Natural resources, infrastructure and power business line's co-head,
- the Head of Risk and Permanent Control,
- the Head of the Sustainable Development mission in Crédit Agricole S.A., assisted by Crédit Agricole CIB's Head of Sustainable Development,
- the Head of Crédit Agricole S.A.'s Industrial and Sector Research unit.
The legal department and the communications direction are also represented in this committee.
*International Finance Corporation : IFC is a member of the World Bank Group. IFC provides investments and advisory services to build the private sector in developing countries. (Source: ifc.org)
The Green Bonds principles
Crédit Agricole CIB co-drafted the Green Bond Principles.
These Green Bond Principles suggest process for designating, disclosing, managing and reporting on the proceeds of a Green Bond.
They are designed to provide issuers with guidance on the key components involved in launching a Green Bond, to aid investors by ensuring the availability of information necessary to evaluate the environmental impact of their Green Bond investments and to assist underwriters by moving the market towards standard disclosures which facilitate transactions.
Active in this market since 2010, Credit Agricole CIB arranged in 2015 nearly 17.5 billion dollars in Green Bonds, Social Bonds and Sustainability Bonds for its large clients, as well as many transaction for its own account, thus consolidating its position as the first arranger in this market on a global scale. The bank was also nominated for two consecutive years n°1 “Best Green & SRI Bonds Lead Manager” at the Global Capital Bond Awards in 2014 and 2015, and nominated “SRI Bond House” of the year by the very prestigious magazine IFR.
Our "green" offers
In 2010, a Sustainable Banking team was created within the Client coverage division of Credit Agricole CIB, with the objective to better assist the Bank's key clients for environmentally-friendly and socially-responsible transactions.
Our Sustainable Banking offer
Financing renewable energies is an integral part of Crédit Agricole CIB’s strategy, and the Bank is a leading provider of such project financing. The Bank first entered this sector in 1997 by financing the first wind farms, and in 2008 it financed a solar energy project in Spain. The Project Finance business line has financed a total of 330 wind farms generating more than 15,200 MW and 57 solar farms representing more than 2,500 MW in installed capacity. In terms of the number of financing transactions, renewable energy represented nearly one-half of all project financing for power plants in 2015.
Green Bond Principles Created to Help Issuers and Investors Deploy Capital for Green Projects
A Governance for the Green Bond Principles
Crédit Agricole CIB confirms its commitment to the fight against climate change
Crédit Agricole CIB, HSBC and Rabobank propose an appendix to the Green Bond Principles for social bonds and sustainability bonds
Crédit Agricole CIB announces it has reached the four goals set in 2014 and has made new commitments in the fight against climate change
Catalytic Finance Initiative Brings Together Banks and Investors, Directs $8 Billion in Capital for High-Impact Sustainable Projects
Crédit Agricole stops financing new coal-fired power plant projects
"We try to act in a particularly effective and useful way for the planet as well as for all our clients."
Head of Sustainable Development