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<body><figure @class="image"><img @height="675" @src="https://ca-cib.celum.cloud/Alpha-Trains-Image-Picture_small_35531_CDN_images.jpg" @style="aspect-ratio:1200/675;" @width="1200"></img></figure> The debt raised includes €815m of bank debt and €460m of Green USPP debt, with note maturities ranging from 10 years to 30 years, to refinance existing debt and finance the expansion of its passenger trains and locomotives fleet.We supported Alpha Trains in order to: <ul><li>Advise on optimal debt stack reorganization, </li><li>Affirm its BBB senior secured debt rating while obtaining increased leeway in the context of its development plan, </li><li>Raise monies to refinance an upcoming Public Bond maturing in June 2025 and provide the company with ample liquidity to pursue its growth plan,</li><li>Extend / amend / re-profile certain existing debt maturities,</li><li>Manage its Interest Rates exposure.</li></ul>This landmark transaction for Alpha Trains confirms strong appetite from banks and investors for the Rail sector, which has demonstrated its resilience and sustainability over time. At the occasion of this transaction, the company’s business model and the rolling stock leasing sector in general received a clear vote of confidence as Alpha Trains has notably been the first Rolling Stock Lessor in Europe to print a 30yr fixed rate bullet private placement subscribed by a granular order book of institutional investors based in North America, Europe and the UK.   <a @href="Quote1">Quote1</a>Alpha Trains is the leading rolling stock – passenger trains & locomotives - lessor in Continental Europe with offices in Luxembourg, Antwerp, Cologne, Madrid, Paris and Warsaw. Alpha Trains owns a fleet of over 1,000 units. Alpha Trains is backed by strong shareholders incl. APG, Arcus, PGGM, Swiss Life. <grey-block>Alpha Trains is the leading rolling stock – passenger trains & locomotives - lessor in Continental Europe with offices in Luxembourg, Antwerp, Cologne, Madrid, Paris and Warsaw. Alpha Trains owns a fleet of over 1,000 units. Alpha Trains is backed by strong shareholders incl. APG, Arcus, PGGM, Swiss Life. </grey-block> </body>

<body>On July 16th, Alpha Trains closed a €1.3bn financing, for which Crédit Agricole CIB acted as Joint Financial / Rating / Hedging / Green Advisor and Joint Placement Agent.</body>

Alpha Trains successfully closes a €1.3bn Bank & Private Placement deal

Client successes

<body><figure class="image"><img height="675" src="https://ca-cib.celum.cloud/Alpha-Trains-Image-Picture_small_35531_CDN_images.jpg" style="aspect-ratio:1200/675;" width="1200"></img></figure> The debt raised includes €815m of bank debt and €460m of Green USPP debt, with note maturities ranging from 10 years to 30 years, to refinance existing debt and finance the expansion of its passenger trains and locomotives fleet.We supported Alpha Trains in order to: <ul><li>Advise on optimal debt stack reorganization, </li><li>Affirm its BBB senior secured debt rating while obtaining increased leeway in the context of its development plan, </li><li>Raise monies to refinance an upcoming Public Bond maturing in June 2025 and provide the company with ample liquidity to pursue its growth plan,</li><li>Extend / amend / re-profile certain existing debt maturities,</li><li>Manage its Interest Rates exposure.</li></ul>This landmark transaction for Alpha Trains confirms strong appetite from banks and investors for the Rail sector, which has demonstrated its resilience and sustainability over time. At the occasion of this transaction, the company’s business model and the rolling stock leasing sector in general received a clear vote of confidence as Alpha Trains has notably been the first Rolling Stock Lessor in Europe to print a 30yr fixed rate bullet private placement subscribed by a granular order book of institutional investors based in North America, Europe and the UK.   <a href="Quote1">Quote1</a>Alpha Trains is the leading rolling stock – passenger trains & locomotives - lessor in Continental Europe with offices in Luxembourg, Antwerp, Cologne, Madrid, Paris and Warsaw. Alpha Trains owns a fleet of over 1,000 units. Alpha Trains is backed by strong shareholders incl. APG, Arcus, PGGM, Swiss Life. <grey-block>Alpha Trains is the leading rolling stock – passenger trains & locomotives - lessor in Continental Europe with offices in Luxembourg, Antwerp, Cologne, Madrid, Paris and Warsaw. Alpha Trains owns a fleet of over 1,000 units. Alpha Trains is backed by strong shareholders incl. APG, Arcus, PGGM, Swiss Life. </grey-block> </body>

<body><figure @class="image"><img @height="418" @src="https://ca-cib.celum.cloud/Untitled design (5)_35554_CDN_images.jpg" @style="aspect-ratio:744/418;" @width="744"></img></figure>In a hotly contested field, the Crédit Agricole Group has been named Best Bank for Sustainable Finance in Western Europe in Euromoney’s Awards for Excellence.<a @href="Quote1">quote1</a></body>

<body>The Euromoney Awards for Excellence recognises the achievements of banks and bankers worldwide, and is the most comprehensive awards programme in the banking industry.</body>

Crédit Agricole Group has been named Best Bank for Sustainable Finance in Western Europe in Euromoney’s Awards for Excellence

Green finance

<body><figure class="image"><img height="418" src="https://ca-cib.celum.cloud/Untitled design (5)_35554_CDN_images.jpg" style="aspect-ratio:744/418;" width="744"></img></figure>In a hotly contested field, the Crédit Agricole Group has been named Best Bank for Sustainable Finance in Western Europe in Euromoney’s Awards for Excellence.<a href="Quote1">quote1</a></body>

<body><a @href="https://www.ca-cib.com/en/social-responsibility-sustainable-finance/our-sustainable-financing-policies/credit-agricole-group">This framework</a> will be further used to finance and refinance a portfolio of Sustainability-Linked Loans (SLLs) in line with the Sustainability Linked Loan Principles.<subtitle-block>The Framework promotes SLL best market practices by fully disclosing eligibility criteria</subtitle-block>Leveraging its leading position in sustainable finance and global expertise in structuring SLL* , Crédit Agricole CIB has developed its framework to foster best-in-class practices ensuring transparency in the evaluation and selection process of eligible SLLs. It is the first framework of the market which includes a pioneering and innovative “ESG Performance Index” listing all sectoral Key Performance Indicators (KPIs) and related Sustainable Performance Targets (SPTs) used by eligible SLLs. *Source Refinitiv (2023): 1# agent in volume (Global, USDm) ; 1# agent in number of deals (Global) ; 2# lender in volume (Global, USDm) ; 1# lender in number of deal (Global)<subtitle-block>Investors can support companies that demonstrate strong climate commitments and effectively address ESG issues</subtitle-block>Crédit Agricole CIB SLLB framework offers a unique opportunity for investors to support companies with ambitious climate commitments, aligned with a 1.5°C or well below 2°C trajectory and complemented by KPIs that address the most meaningful ESG issues.<subtitle-block>The Framework is supported by an external review and leverages Crédit Agricole CIB’s input on market guidelines</subtitle-block>Crédit Agricole CIB has commissioned ISS-Corporate to review the framework’s alignment with best market practices, as well as to assess the materiality and ambition of selected eligible KPIs and SPTs. ISS also evaluated the transactions’ eligibility criteria against Crédit Agricole CIB’s overall ESG profile and strategy.Crédit Agricole CIB was also one of the coordinators of the ICMA joint-taskforce which led to the publication of the first <a @href="https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/sustainability-linked-loans-financing-bonds-guidelines-sllbg/">ICMA Sustainability-Linked Loan Bond Guidelines</a> in June 2024.  <a @href="Quote1">Quote1</a><a @class="link-pdf" @href="https://www.ca-cib.com/sites/default/files/2024-07/2024%2007%2017_Cr%C3%A9dit_Agricole_CIB_SLLB_VEN.pdf">Click here to read the full press release </a></body>

<body>On July 12th, 2024, Crédit Agricole CIB has issued its inaugural JPY 3 billion Sustainability-Linked Loan financing Bond (SLLB) using its Sustainability-Linked Loan financing Bond Framework. The transaction has been achieved with Sumitomo Life Insurance Company.</body>

Crédit Agricole CIB issues inaugural Sustainability-Linked Loan financing Bond utilising innovative Sustainability-Linked Loan financing Bond Framework

<body><a href="https://www.ca-cib.com/en/social-responsibility-sustainable-finance/our-sustainable-financing-policies/credit-agricole-group">This framework</a> will be further used to finance and refinance a portfolio of Sustainability-Linked Loans (SLLs) in line with the Sustainability Linked Loan Principles.<subtitle-block>The Framework promotes SLL best market practices by fully disclosing eligibility criteria</subtitle-block>Leveraging its leading position in sustainable finance and global expertise in structuring SLL* , Crédit Agricole CIB has developed its framework to foster best-in-class practices ensuring transparency in the evaluation and selection process of eligible SLLs. It is the first framework of the market which includes a pioneering and innovative “ESG Performance Index” listing all sectoral Key Performance Indicators (KPIs) and related Sustainable Performance Targets (SPTs) used by eligible SLLs. *Source Refinitiv (2023): 1# agent in volume (Global, USDm) ; 1# agent in number of deals (Global) ; 2# lender in volume (Global, USDm) ; 1# lender in number of deal (Global)<subtitle-block>Investors can support companies that demonstrate strong climate commitments and effectively address ESG issues</subtitle-block>Crédit Agricole CIB SLLB framework offers a unique opportunity for investors to support companies with ambitious climate commitments, aligned with a 1.5°C or well below 2°C trajectory and complemented by KPIs that address the most meaningful ESG issues.<subtitle-block>The Framework is supported by an external review and leverages Crédit Agricole CIB’s input on market guidelines</subtitle-block>Crédit Agricole CIB has commissioned ISS-Corporate to review the framework’s alignment with best market practices, as well as to assess the materiality and ambition of selected eligible KPIs and SPTs. ISS also evaluated the transactions’ eligibility criteria against Crédit Agricole CIB’s overall ESG profile and strategy.Crédit Agricole CIB was also one of the coordinators of the ICMA joint-taskforce which led to the publication of the first <a href="https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/sustainability-linked-loans-financing-bonds-guidelines-sllbg/">ICMA Sustainability-Linked Loan Bond Guidelines</a> in June 2024.  <a href="Quote1">Quote1</a><a class="link-pdf" href="https://www.ca-cib.com/sites/default/files/2024-07/2024%2007%2017_Cr%C3%A9dit_Agricole_CIB_SLLB_VEN.pdf">Click here to read the full press release </a></body>

<body>Under the existing financing platform, KfW IPEX-Bank as Facility and Security Agent and Mandated Lead Arranger together with Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) as Mandated Lead Arranger, jointly provided equal amounts of debt capital totaling EUR 400 million with a term of seven years. The banking syndicate is acting as bookrunner and underwriter.Furthermore, and also under the existing financing platform, RAILPOOL concluded a EUR 60 million revolving credit facility with KfW IPEX-Bank as sole lender for a term of seven years.<a @href="Q1">Q1</a>Legal advice on this transaction was provided by the law firms CMS Hasche Sigle for RAILPOOL and Watson Farley & Williams for the banks.<subtitle-block>About RAILPOOL</subtitle-block>RAILPOOL is one of the leading rail vehicle rental companies with genuine expertise in full service from a single source. The company was founded in Munich in 2008 and is now active in 19 European countries.With more than 600 electric and hybrid locomotives and 148 passenger vehicles (with an investment of 2.6 billion euros), RAILPOOL is one of the largest providers in Europe.The RAILPOOL fleet covers 85,000,000 kilometers every year and makes an important contribution to the modal shift to rail. RAILPOOL has six workshops of its own and a warehouse with more than 4,000 different spare parts and components. <a @href="Q2">Q2</a>For more information, visit <a @href="www.railpool.eu">www.railpool.eu</a></body>

<body>RAILPOOL, one of Europe's leading rail vehicle lessors, secured further funding for its continued growth in June 2024.</body>

RAILPOOL secures large-volume growth financing

<body>Under the existing financing platform, KfW IPEX-Bank as Facility and Security Agent and Mandated Lead Arranger together with Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) as Mandated Lead Arranger, jointly provided equal amounts of debt capital totaling EUR 400 million with a term of seven years. The banking syndicate is acting as bookrunner and underwriter.Furthermore, and also under the existing financing platform, RAILPOOL concluded a EUR 60 million revolving credit facility with KfW IPEX-Bank as sole lender for a term of seven years.<a href="Q1">Q1</a>Legal advice on this transaction was provided by the law firms CMS Hasche Sigle for RAILPOOL and Watson Farley & Williams for the banks.<subtitle-block>About RAILPOOL</subtitle-block>RAILPOOL is one of the leading rail vehicle rental companies with genuine expertise in full service from a single source. The company was founded in Munich in 2008 and is now active in 19 European countries.With more than 600 electric and hybrid locomotives and 148 passenger vehicles (with an investment of 2.6 billion euros), RAILPOOL is one of the largest providers in Europe.The RAILPOOL fleet covers 85,000,000 kilometers every year and makes an important contribution to the modal shift to rail. RAILPOOL has six workshops of its own and a warehouse with more than 4,000 different spare parts and components. <a href="Q2">Q2</a>For more information, visit <a href="www.railpool.eu">www.railpool.eu</a></body>

<body>In his new role, Alexis will be responsible for exploring local business opportunities and supporting the Bank’s developments in Indonesia.<figure @class="image"><img @height="630" @src="https://ca-cib.celum.cloud/Alexis-r-EN_35245_CDN_images.jpg" @style="aspect-ratio:1200/630;" @width="1200"></img></figure><a @href="Q1">Q1</a>Crédit Agricole CIB’s clientele in Indonesia includes domestic public sector and large conglomerates, as well as financial institutions and locally based multinational corporations. The Bank serves inbound and outbound clients’ financial strategies by connecting them to its international network of products and sectorial expertise: debt and loan instruments, project finance, international trade and export finance and commodity finance. Leveraging its ESG leadership and award-wining expertise, the Bank has been supporting and will continue to accompany Indonesian players in their sustainable finance and energy transition initiatives.<subtitle-block>Biography</subtitle-block>Alexis joined Crédit Agricole CIB in 2006 as a Corporate Relationship Manager in the mid-cap department and became Senior Relationship Manager in 2009. In 2013, he was appointed Senior Vice President to oversee leveraged and acquisition financing transactions for mid-cap clients, and was subsequently appointed Global Relationship Manager in charge of large strategic French client portfolios in 2015. Alexis was most recently Head of Multinational Corporate Coverage for Crédit Agricole CIB China, a role he had assumed since 2020.</body>

<body>Crédit Agricole CIB announced today the appointment of Alexis Rafidison as Chief Representative Officer for Indonesia, effective 15 July (subject to the completion of work visa application).  He will succeed Xavier Roux, who has elected to retire. Based in Jakarta, Alexis will report to Jean-François Deroche, Senior Regional Officer for Asia-Pacific at Crédit Agricole CIB.</body>

Crédit Agricole CIB appoints Alexis Rafidison as Chief Representative Officer for Indonesia

Strategy

<body>In his new role, Alexis will be responsible for exploring local business opportunities and supporting the Bank’s developments in Indonesia.<figure class="image"><img height="630" src="https://ca-cib.celum.cloud/Alexis-r-EN_35245_CDN_images.jpg" style="aspect-ratio:1200/630;" width="1200"></img></figure><a href="Q1">Q1</a>Crédit Agricole CIB’s clientele in Indonesia includes domestic public sector and large conglomerates, as well as financial institutions and locally based multinational corporations. The Bank serves inbound and outbound clients’ financial strategies by connecting them to its international network of products and sectorial expertise: debt and loan instruments, project finance, international trade and export finance and commodity finance. Leveraging its ESG leadership and award-wining expertise, the Bank has been supporting and will continue to accompany Indonesian players in their sustainable finance and energy transition initiatives.<subtitle-block>Biography</subtitle-block>Alexis joined Crédit Agricole CIB in 2006 as a Corporate Relationship Manager in the mid-cap department and became Senior Relationship Manager in 2009. In 2013, he was appointed Senior Vice President to oversee leveraged and acquisition financing transactions for mid-cap clients, and was subsequently appointed Global Relationship Manager in charge of large strategic French client portfolios in 2015. Alexis was most recently Head of Multinational Corporate Coverage for Crédit Agricole CIB China, a role he had assumed since 2020.</body>

Results for the first quarter 2024

Crédit Agricole CIB appoints Laurent Potin as Chief Executive Officer for Taipei Branch

Crédit Agricole CIB appoints Giliane Cœurderoy Senior Country Officer for Brazil

Results for the fourth quarter and full-year 2023

Sustainable bond market: 2023 overview and outlook for 2024

<body><figure @class="image"><img @src="https://ca-cib.celum.cloud/EN-T3-2023_1108x624_30284_CDN_images.jpg"></img></figure>To read the press release, please click below:<a @class="link-pdf" @href="https://www.ca-cib.com/sites/default/files/2023-11/en_casa_pr_2023-q3_results.pdf">Press release - Results for the 3rd quarter and the first 9 months 2023</a><a @href="https://www.credit-agricole.com/en/finance/financial-publications">Click here</a> to see all the financial information of Crédit Agricole S.A.</body>

<body>Crédit Agricole S.A.'s financial results for the 3rd quarter and the first 9 months 2023 are available.</body>

Results for the third quarter & first 9 months 2023

<body><figure class="image"><img src="https://ca-cib.celum.cloud/EN-T3-2023_1108x624_30284_CDN_images.jpg"></img></figure>To read the press release, please click below:<a class="link-pdf" href="https://www.ca-cib.com/sites/default/files/2023-11/en_casa_pr_2023-q3_results.pdf">Press release - Results for the 3rd quarter and the first 9 months 2023</a><a href="https://www.credit-agricole.com/en/finance/financial-publications">Click here</a> to see all the financial information of Crédit Agricole S.A.</body>

<body>Patrick de Talancé is appointed as Senior Country Officer for Australia. He succeeds Don Parsonage, who is retiring after 35 years of service to the Bank.Leveraging the full Australian banking licence the Bank acquired last year, Patrick will continue to expand the Bank’s activities in Australia with a focus on transforming the well-established real asset financing platform into a fully-fledged corporate and investment banking set-up. Based in Sydney, he reports to Jean-François Deroche, Senior Regional Officer for Asia-Pacific at Crédit Agricole CIB.<a @href="quote1">quote1</a>Having served clients in Australia for over a half-century, Crédit Agricole CIB’s history in the country dates back to the early 1970s, and has been actively participating in the local banking and financing markets. Today, the Bank has established itself as a leading foreign bank in Australia, particularly in real estate, energy and infrastructure financing as well as acquisition finance. In January 2022, Crédit Agricole CIB obtained a full banking license to expand its product offering and capabilities, with the goal to further support its local and international clients on their needs through financing, hedging and investment solutions and advisory services.<title-block @style="margin-left:0px;">BiographY</title-block>Patrick de Talancé joined Crédit Agricole Group’s legacy company Crédit Lyonnais in 1998 where he held various positions covering telecom clients. In 2008, he relocated to Hong Kong and was appointed Managing Director for Media and Tech for Crédit Agricole CIB Asia. He then moved to Houston to take up the role of Head of Energy North Americas in 2016. In 2020, he relocated to New York for his current role as Chief Risk Officer for Americas for Crédit Agricole CIB and the Crédit Agricole Group.<a @class="link-pdf" @href="https://migration-bo-en-instit-cacib.adsi.credit-agricole.fr/sites/default/files/2023-11/%5BPress%20release%5D%20Cr%C3%A9dit%20Agricole%20CIB%20appoints%20Patrick%20de%20Talanc%C3%A9%20as%20Senior%20Country%20Officer%20for%20Australia.pdf">Press release - Patrick de Talancé is appointed as Senior Country Officer for Australia</a></body>

<body>Crédit Agricole CIB annonce aujourd'hui la nomination de Patrick de Talancé au poste de Senior Country Officer pour l'Australie. Il succède à Don Parsonage.</body>

Patrick de Talancé appointed as Senior Country Officer for Australia

<body>Patrick de Talancé is appointed as Senior Country Officer for Australia. He succeeds Don Parsonage, who is retiring after 35 years of service to the Bank.Leveraging the full Australian banking licence the Bank acquired last year, Patrick will continue to expand the Bank’s activities in Australia with a focus on transforming the well-established real asset financing platform into a fully-fledged corporate and investment banking set-up. Based in Sydney, he reports to Jean-François Deroche, Senior Regional Officer for Asia-Pacific at Crédit Agricole CIB.<a href="quote1">quote1</a>Having served clients in Australia for over a half-century, Crédit Agricole CIB’s history in the country dates back to the early 1970s, and has been actively participating in the local banking and financing markets. Today, the Bank has established itself as a leading foreign bank in Australia, particularly in real estate, energy and infrastructure financing as well as acquisition finance. In January 2022, Crédit Agricole CIB obtained a full banking license to expand its product offering and capabilities, with the goal to further support its local and international clients on their needs through financing, hedging and investment solutions and advisory services.<title-block style="margin-left:0px;">BiographY</title-block>Patrick de Talancé joined Crédit Agricole Group’s legacy company Crédit Lyonnais in 1998 where he held various positions covering telecom clients. In 2008, he relocated to Hong Kong and was appointed Managing Director for Media and Tech for Crédit Agricole CIB Asia. He then moved to Houston to take up the role of Head of Energy North Americas in 2016. In 2020, he relocated to New York for his current role as Chief Risk Officer for Americas for Crédit Agricole CIB and the Crédit Agricole Group.<a class="link-pdf" href="https://migration-bo-en-instit-cacib.adsi.credit-agricole.fr/sites/default/files/2023-11/%5BPress%20release%5D%20Cr%C3%A9dit%20Agricole%20CIB%20appoints%20Patrick%20de%20Talanc%C3%A9%20as%20Senior%20Country%20Officer%20for%20Australia.pdf">Press release - Patrick de Talancé is appointed as Senior Country Officer for Australia</a></body>

<body><ul><li>An innovative, pioneering offering for corporates with a recurring monetary incentive to help propel their sustainability agenda in the long-term;</li><li>Predefined, dynamic mechanism which links savings interest rate to the clients’ ESG performance as assessed by external ESG score providers;</li><li>Product is set to gain tractions as more corporates commit to sustainability.</li></ul>Crédit Agricole CIB today announced that it has introduced a novel ESG-linked corporate savings account offering, as part of the Bank’s strategic ambition to support clients’ sustainability goals and to innovate for a sustainable future. Different from other green account offerings where the cash collected will be used to refinance green projects, the new product is a cash management solution that enables clients to earn a higher yield on their account balances as they improve their ESG performance. It aims to motivate clients to proactively and continuously realise their ESG goals through recurring monetary incentives in the long-term.When clients approach Crédit Agricole CIB to open an ESG-linked account, the Bank’s sustainable investment bankers will assess and formulate the offering structure based on clients’ current progress and future ESG goals. As clients progressively honour their ESG commitments, the savings account rate offered by the Bank will positively correlate to reflect the organisations’ ESG progress as a remuneration for their efforts. To ensure impartiality, the ESG performance assessment will be based on the ESG scores provided by independent ESG score providers. Crédit Agricole CIB is currently receiving S&P Global Sustainable1’s ESG scores from S&P Global Market Intelligence.ESG-linked account is expected to gain momentum as the monetary incentives will attract corporates, especially those that have already made ESG pledges. For those lacking ESG plans and goals, the product will also help spur them into action to reduce carbon footprint. The product will be offered across Asia-Pacific and subsequently to other markets globally.The first ESG-linked accounts offered by the Bank has been successfully piloted in Hong Kong with New World China and NWS Holdings, who share the Bank’ ambition to support sustainability. New World Group and Crédit Agricole CIB are both forerunners in promoting sustainability in their respective sectors, and have pledged to reach net zero by 2050. The introduction of ESG-linked account reaffirms Crédit Agricole CIB’s ongoing commitment to fostering ethical banking through new sustainable solutions.As one of the first banks to set up a dedicated sustainable banking team, Crédit Agricole CIB’s thought leaders and banking experts connect clients to actionable financing solutions in Asia-Pacific and other regions across the globe. With decade-long experience in a field that is still at an early stage, the Bank has been connecting its employees, clients and the community to help create an ecosystem with a more sustainable future.<a @href="quote1">quote1</a><a @href="quote2">quote2</a>Learn more about Crédit Agricole CIB’s sustainability commitments and our progress to net zero in the <a @href="https://www.ca-cib.com/sites/default/files/2023-07/2022-activity-report/">latest activity report</a>.</body>

<body>Crédit Agricole CIB today announced that it has introduced a novel ESG-linked corporate savings account offering.</body>

Crédit Agricole CIB launches corporate savings account solution linked to ESG performance

<body><ul><li>An innovative, pioneering offering for corporates with a recurring monetary incentive to help propel their sustainability agenda in the long-term;</li><li>Predefined, dynamic mechanism which links savings interest rate to the clients’ ESG performance as assessed by external ESG score providers;</li><li>Product is set to gain tractions as more corporates commit to sustainability.</li></ul>Crédit Agricole CIB today announced that it has introduced a novel ESG-linked corporate savings account offering, as part of the Bank’s strategic ambition to support clients’ sustainability goals and to innovate for a sustainable future. Different from other green account offerings where the cash collected will be used to refinance green projects, the new product is a cash management solution that enables clients to earn a higher yield on their account balances as they improve their ESG performance. It aims to motivate clients to proactively and continuously realise their ESG goals through recurring monetary incentives in the long-term.When clients approach Crédit Agricole CIB to open an ESG-linked account, the Bank’s sustainable investment bankers will assess and formulate the offering structure based on clients’ current progress and future ESG goals. As clients progressively honour their ESG commitments, the savings account rate offered by the Bank will positively correlate to reflect the organisations’ ESG progress as a remuneration for their efforts. To ensure impartiality, the ESG performance assessment will be based on the ESG scores provided by independent ESG score providers. Crédit Agricole CIB is currently receiving S&P Global Sustainable1’s ESG scores from S&P Global Market Intelligence.ESG-linked account is expected to gain momentum as the monetary incentives will attract corporates, especially those that have already made ESG pledges. For those lacking ESG plans and goals, the product will also help spur them into action to reduce carbon footprint. The product will be offered across Asia-Pacific and subsequently to other markets globally.The first ESG-linked accounts offered by the Bank has been successfully piloted in Hong Kong with New World China and NWS Holdings, who share the Bank’ ambition to support sustainability. New World Group and Crédit Agricole CIB are both forerunners in promoting sustainability in their respective sectors, and have pledged to reach net zero by 2050. The introduction of ESG-linked account reaffirms Crédit Agricole CIB’s ongoing commitment to fostering ethical banking through new sustainable solutions.As one of the first banks to set up a dedicated sustainable banking team, Crédit Agricole CIB’s thought leaders and banking experts connect clients to actionable financing solutions in Asia-Pacific and other regions across the globe. With decade-long experience in a field that is still at an early stage, the Bank has been connecting its employees, clients and the community to help create an ecosystem with a more sustainable future.<a href="quote1">quote1</a><a href="quote2">quote2</a>Learn more about Crédit Agricole CIB’s sustainability commitments and our progress to net zero in the <a href="https://www.ca-cib.com/sites/default/files/2023-07/2022-activity-report/">latest activity report</a>.</body>