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<body><subtitle-block>FinanceAsia recognises Crédit Agricole CIB with three sustainable finance house awards</subtitle-block>FinanceAsia names Crédit Agricole CIB the Best International Sustainable Bank for Hong Kong SAR, Mainland China, and South Korea in its annual FinanceAsia Awards programme. This marks the <a @href="https://www.ca-cib.com/en/news/financeasia-recognises-credit-agricole-cib-three-house-award-categories">second consecutive year</a> that the Bank has won the FinanceAsia Best International Sustainable Bank for Mainland China and South Korea. The annual FinanceAsia Awards programme has been evaluating and recognising high-performing banks across Asia-Pacific markets for more than two decades.As a bank with a long-standing history and commitment to sustainable finance, Crédit Agricole CIB’s expertise has earned the trust of the markets, making it a driving force in the sustainable finance space. With extensive dedicated resources, along with a comprehensive internal setup, our team is passionate about assisting our clients and markets in their transition journey.In 2023, Crédit Agricole CIB advised landmark  ESG deals in Asia including the world’s first tokenised green bond for governments (<a @href="https://www.ca-cib.com/en/news/hong-kong-sar-government-issues-worlds-first-multi-currency-digital-green-bond">the Hong Kong SAR Government tokenised green bond</a>). We also incorporated innovative structures to support clients when advising on their ESG financings, including a number of gender-equality and transition themed financings.<subtitle-block>Milestone ESG financing innovation from Asia: The Asset picks Crédit Agricole CIB’s ESG-linked account</subtitle-block>One of the notable ESG financing successes Crédit Agricole CIB had in Asia in 2023 was the launch of the ESG-linked corporate account solution, a one-of-a-kind cash management offering to motivate clients to progress towards sustainability via monetary incentives. Crédit Agricole CIB partnered with NWS Holdings, who shares a similar sustainability vision, to launch the pilot product.   Recently named ‘Best ESG Solution – Conglomerate – Hong Kong’ at The Asset Treasurise Awards 2024, <a @href="https://www.ca-cib.com/en/news/credit-agricole-cib-launches-corporate-savings-account-solution-linked-esg-performance">the ESG-linked account</a> demonstrates how Crédit Agricole CIB’s expertise in transaction banking and sustainable finance can create powerful synergy. The scalable product has been well-received in <a @href="https://www.ca-cib.com/en/news/hong-kong-green-and-sustainable-finance-awards-recognises-credit-agricole-cib-sustainable">Hong Kong SAR</a> and<a @href="https://mp.weixin.qq.com/s/1B4AD2iPmCT7cIaYnTvkOw"> successfully deployed in mainland China and Taiwan</a>.  In addition to providing sustainable financing solutions to clients, Crédit Agricole CIB promotes sustainable finance in universities, industry groups and client conferences to educate the public about sustainable finance. This includes working with the <a @href="https://www.linkedin.com/posts/ntusg_ntusg-ntusgstudents-sustainablefinance-activity-7055057163219566592-4EzK/?utm_source=share&utm_medium=member_ios">Nanyang Technology University in Singapore</a>, the <a @href="https://sgfn.hkust.edu.hk/news/company-visit-credit-agricole-corporate-and-investment-bank">Hong Kong University of Science and Technology</a>, as well as the <a @href="https://www.linkedin.com/posts/credit-agricole-cib_hongkong-globalmarkets-sustainablefinance-activity-7108037651114385409-_qKn/">UK Joint University Hong Kong Career Society</a>, to inspire future generations to pursue careers in sustainable finance. Crédit Agricole CIB has also authored <a @href="https://www.ca-cib.com/en/news/bank-co-authors-first-sustainable-finance-thought-leadership-paper-alliance-green-commercial">a thought leadership paper</a> under the Alliance of Green Commercial Banks to share its experience in pioneering green banking practices.<a @href="Q1">Q1</a><a @href="Q2">Q2</a></body>

<body>FinanceAsia and The Asset recognise Crédit Agricole CIB’s consistent high-performance in ESG-driven solutions.</body>

Crédit Agricole CIB wins consecutive sustainable finance awards in North Asia

Green finance

<body><subtitle-block>FinanceAsia recognises Crédit Agricole CIB with three sustainable finance house awards</subtitle-block>FinanceAsia names Crédit Agricole CIB the Best International Sustainable Bank for Hong Kong SAR, Mainland China, and South Korea in its annual FinanceAsia Awards programme. This marks the <a href="https://www.ca-cib.com/en/news/financeasia-recognises-credit-agricole-cib-three-house-award-categories">second consecutive year</a> that the Bank has won the FinanceAsia Best International Sustainable Bank for Mainland China and South Korea. The annual FinanceAsia Awards programme has been evaluating and recognising high-performing banks across Asia-Pacific markets for more than two decades.As a bank with a long-standing history and commitment to sustainable finance, Crédit Agricole CIB’s expertise has earned the trust of the markets, making it a driving force in the sustainable finance space. With extensive dedicated resources, along with a comprehensive internal setup, our team is passionate about assisting our clients and markets in their transition journey.In 2023, Crédit Agricole CIB advised landmark  ESG deals in Asia including the world’s first tokenised green bond for governments (<a href="https://www.ca-cib.com/en/news/hong-kong-sar-government-issues-worlds-first-multi-currency-digital-green-bond">the Hong Kong SAR Government tokenised green bond</a>). We also incorporated innovative structures to support clients when advising on their ESG financings, including a number of gender-equality and transition themed financings.<subtitle-block>Milestone ESG financing innovation from Asia: The Asset picks Crédit Agricole CIB’s ESG-linked account</subtitle-block>One of the notable ESG financing successes Crédit Agricole CIB had in Asia in 2023 was the launch of the ESG-linked corporate account solution, a one-of-a-kind cash management offering to motivate clients to progress towards sustainability via monetary incentives. Crédit Agricole CIB partnered with NWS Holdings, who shares a similar sustainability vision, to launch the pilot product.   Recently named ‘Best ESG Solution – Conglomerate – Hong Kong’ at The Asset Treasurise Awards 2024, <a href="https://www.ca-cib.com/en/news/credit-agricole-cib-launches-corporate-savings-account-solution-linked-esg-performance">the ESG-linked account</a> demonstrates how Crédit Agricole CIB’s expertise in transaction banking and sustainable finance can create powerful synergy. The scalable product has been well-received in <a href="https://www.ca-cib.com/en/news/hong-kong-green-and-sustainable-finance-awards-recognises-credit-agricole-cib-sustainable">Hong Kong SAR</a> and<a href="https://mp.weixin.qq.com/s/1B4AD2iPmCT7cIaYnTvkOw"> successfully deployed in mainland China and Taiwan</a>.  In addition to providing sustainable financing solutions to clients, Crédit Agricole CIB promotes sustainable finance in universities, industry groups and client conferences to educate the public about sustainable finance. This includes working with the <a href="https://www.linkedin.com/posts/ntusg_ntusg-ntusgstudents-sustainablefinance-activity-7055057163219566592-4EzK/?utm_source=share&utm_medium=member_ios">Nanyang Technology University in Singapore</a>, the <a href="https://sgfn.hkust.edu.hk/news/company-visit-credit-agricole-corporate-and-investment-bank">Hong Kong University of Science and Technology</a>, as well as the <a href="https://www.linkedin.com/posts/credit-agricole-cib_hongkong-globalmarkets-sustainablefinance-activity-7108037651114385409-_qKn/">UK Joint University Hong Kong Career Society</a>, to inspire future generations to pursue careers in sustainable finance. Crédit Agricole CIB has also authored <a href="https://www.ca-cib.com/en/news/bank-co-authors-first-sustainable-finance-thought-leadership-paper-alliance-green-commercial">a thought leadership paper</a> under the Alliance of Green Commercial Banks to share its experience in pioneering green banking practices.<a href="Q1">Q1</a><a href="Q2">Q2</a></body>

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<body><subtitle-block>A burgeoning yet carbon intensive economy tied to all walks of life</subtitle-block>With the sprawling usage of big data and the increasing adoption of digitisation, cloud, AI, 5G across all aspects of our daily life – personal, work and society, data centres are the backbone of our economic, commercial and social existences. In the post-pandemic era, their role is more important than ever, as demand for their services continues to grow aggressively worldwide.In the real estate sector which contributes almost 40% to global greenhouse gas (GHG) emissions, data centres are one of the world’s most energy-intensive buildings. Accounting for between 2.5% and 3.7% of all GHG emissions, these establishments have even overtaken the aviation and shipping industries. Asia-Pacific, home to the four countries with the largest number of data centres in the world - China, Australia, Japan and India, is the region where the most carbon-intensive structures are based.To remedy this and in line with the UN Sustainable Development Goals and the Paris Agreement, some major APAC industry players have started adopting more sustainable practices and progressively involving a low-carbon approach in their operations, as illustrated by the following benchmarking financings. This shift is also pivotal for the net-zero transition of organisations that heavily rely on data centre services in order to reduce their scope 3 indirect emissions.<subtitle-block>Financing as a means toward net zero</subtitle-block>Starting with green loans, this type of debt instrument allows borrowers to use proceeds to fund projects that make a substantial contribution to environmental objective(s), through for example enhancement in power usage and cooling efficiency, adoption of renewable energy sources and usage of sustainable building materials.In 2022, Crédit Agricole CIB supported the very first data centre green loan in Japan, to finance the TOK2 data centre project in Tokyo developed by the region’s hyperscale data centre specialist, AirTrunk. The deal was the first to use eligibility criteria based on operating power usage effectiveness (PUE) and water productivity, two crucial metrics for evaluating data centre sustainability. In 2023, we also acted as the Green Loan Coordinator for the very first data centre green loan in Korea worth KRW 440 billion (USD 335 million) and financed the first phase of the SEL2 100 MW campus in Seoul built by Digital Edge (Singapore) Holdings Pte. Ltd. in partnership with the leading local developer SK Ecoplant. The project, which is the country’s largest commercial colocation facility, will be one of the most energy-efficient data centres in the South Korean market.In addition to green loans, industry players have also made sustainability commitments to their corporate strategy to improve their company ESG profile via sustainability-linked loans (SLL), which incentivise borrowers to achieve their sustainability ambitions by incorporating a pricing* adjustments mechanism according to their ESG performance. This type of financial instrument can help drive companies that may not have specific green projects/ capex in the pipeline to make real progress towards sustainability.Further contributing to AirTrunk’s leadership position in sustainable data centre financing, Crédit Agricole CIB accompanied the conversion of their A$2.1 billion loan into an SLL, then with the A$4.6 billion refinancing of this SLL in August 2023, thus twice establishing the world's largest SLL in data centre history. It set the industry benchmark globally as the first SLL to incorporate all three metrics combining carbon, energy and water usage effectiveness as to achieve the highest level of environmental transparency and accountability for a data centre operator. It was also the first SLL by a data centre operator to incorporate a gender pay equity KPI, and use margin incentives to fund its social impact programs. AirTrunk’s continuous, innovative approach in adopting sustainable financing has set it apart from industry peers, while creating an exemplary precedent as guidance for those who have ambition to follow suit. <a @href="Prashant">Prashant</a><a @href="Christophe">Christophe</a>Another transition example is ESR, APAC's largest real asset manager and the world’s third largest listed real estate investment manager, whose strategy integrates ESG into all aspects of its financial management, operations and development, with a total of seven SLLs already signed for around USD4 billion. We recently supported one of them, marking the first brownfield data centre SLL in Hong Kong worth HKD 1.6 billion (USD 204 million), to finance the conversion of a building located in one of the city’s main data centre clusters into a modern and more sustainable structure, with the support of a major local utility provider CLP Power.<subtitle-block>Paving the way towards a sustainable digital future</subtitle-block>As the digitisation of the economy must go hand in hand with its decarbonisation, Crédit Agricole CIB, whose mission includes financing the new economy in the technology, media and telecoms areas, is committed to guiding the regional data centre sector towards the next level of sustainability by constantly advocating industry actors to embark and progress on a low-carbon roadmap.As part of its climate strategy and roadmap to net-zero by 2050, the Crédit Agricole Group has set targets for 2030 in 10 sectors representing more than 75% of global GHG emissions, including a 40% reduction in CO2 emissions from its EUR24.6 billion commercial real estate financing portfolio. In line with this ambition, we offer our customers fully integrated advisory services and innovative solutions to help gear them up for the future as the sector continues to embrace ESG developments. As their transition partner, our support and value-add come in various forms, from acting as green loan advisor/coordinator, sustainability advisor/structuring agent on debt instruments, to formulating clients’ sustainability frameworks. We also strive to look for opportunities to set higher benchmarks on sustainable practices for the better good of the industry.<grey-block>Although data centres still have a long way to go to achieve carbon neutrality, many organisations are already on the right track. These APAC significant strides have successfully propelled the market’s green agenda and would inspire more and more ambitious actions from others, with a view to creating an industry-wide impact that will eventually drive all players notably in Europe and the Americas to join the bandwagon.</grey-block><a @href="Christophe2">Christophe2</a>*Or other forms of adjustment in the financial characteristics of the financial instrument**Commercial real estate 2030 Net Zero Banking Alliance target for Credit Agricole S.A.: -40%9 in CO2e emitted per sq. meter per year by corporate customers’ and real estate professional buildings from 46 kgCO2e/m2 to 28 kgCO2e/m2Source: International Energy Agency, Climatiq Analysis, The Shift Project, OurWorldinData</body>

<body>From green debt to sustainability-linked loans, data centre operators’ financing approach is evolving to mitigate environmental impact.</body>

Asia-Pacific trailblazes ESG adoption and innovation amongst global data centre operators

<body><subtitle-block>A burgeoning yet carbon intensive economy tied to all walks of life</subtitle-block>With the sprawling usage of big data and the increasing adoption of digitisation, cloud, AI, 5G across all aspects of our daily life – personal, work and society, data centres are the backbone of our economic, commercial and social existences. In the post-pandemic era, their role is more important than ever, as demand for their services continues to grow aggressively worldwide.In the real estate sector which contributes almost 40% to global greenhouse gas (GHG) emissions, data centres are one of the world’s most energy-intensive buildings. Accounting for between 2.5% and 3.7% of all GHG emissions, these establishments have even overtaken the aviation and shipping industries. Asia-Pacific, home to the four countries with the largest number of data centres in the world - China, Australia, Japan and India, is the region where the most carbon-intensive structures are based.To remedy this and in line with the UN Sustainable Development Goals and the Paris Agreement, some major APAC industry players have started adopting more sustainable practices and progressively involving a low-carbon approach in their operations, as illustrated by the following benchmarking financings. This shift is also pivotal for the net-zero transition of organisations that heavily rely on data centre services in order to reduce their scope 3 indirect emissions.<subtitle-block>Financing as a means toward net zero</subtitle-block>Starting with green loans, this type of debt instrument allows borrowers to use proceeds to fund projects that make a substantial contribution to environmental objective(s), through for example enhancement in power usage and cooling efficiency, adoption of renewable energy sources and usage of sustainable building materials.In 2022, Crédit Agricole CIB supported the very first data centre green loan in Japan, to finance the TOK2 data centre project in Tokyo developed by the region’s hyperscale data centre specialist, AirTrunk. The deal was the first to use eligibility criteria based on operating power usage effectiveness (PUE) and water productivity, two crucial metrics for evaluating data centre sustainability. In 2023, we also acted as the Green Loan Coordinator for the very first data centre green loan in Korea worth KRW 440 billion (USD 335 million) and financed the first phase of the SEL2 100 MW campus in Seoul built by Digital Edge (Singapore) Holdings Pte. Ltd. in partnership with the leading local developer SK Ecoplant. The project, which is the country’s largest commercial colocation facility, will be one of the most energy-efficient data centres in the South Korean market.In addition to green loans, industry players have also made sustainability commitments to their corporate strategy to improve their company ESG profile via sustainability-linked loans (SLL), which incentivise borrowers to achieve their sustainability ambitions by incorporating a pricing* adjustments mechanism according to their ESG performance. This type of financial instrument can help drive companies that may not have specific green projects/ capex in the pipeline to make real progress towards sustainability.Further contributing to AirTrunk’s leadership position in sustainable data centre financing, Crédit Agricole CIB accompanied the conversion of their A$2.1 billion loan into an SLL, then with the A$4.6 billion refinancing of this SLL in August 2023, thus twice establishing the world's largest SLL in data centre history. It set the industry benchmark globally as the first SLL to incorporate all three metrics combining carbon, energy and water usage effectiveness as to achieve the highest level of environmental transparency and accountability for a data centre operator. It was also the first SLL by a data centre operator to incorporate a gender pay equity KPI, and use margin incentives to fund its social impact programs. AirTrunk’s continuous, innovative approach in adopting sustainable financing has set it apart from industry peers, while creating an exemplary precedent as guidance for those who have ambition to follow suit. <a href="Prashant">Prashant</a><a href="Christophe">Christophe</a>Another transition example is ESR, APAC's largest real asset manager and the world’s third largest listed real estate investment manager, whose strategy integrates ESG into all aspects of its financial management, operations and development, with a total of seven SLLs already signed for around USD4 billion. We recently supported one of them, marking the first brownfield data centre SLL in Hong Kong worth HKD 1.6 billion (USD 204 million), to finance the conversion of a building located in one of the city’s main data centre clusters into a modern and more sustainable structure, with the support of a major local utility provider CLP Power.<subtitle-block>Paving the way towards a sustainable digital future</subtitle-block>As the digitisation of the economy must go hand in hand with its decarbonisation, Crédit Agricole CIB, whose mission includes financing the new economy in the technology, media and telecoms areas, is committed to guiding the regional data centre sector towards the next level of sustainability by constantly advocating industry actors to embark and progress on a low-carbon roadmap.As part of its climate strategy and roadmap to net-zero by 2050, the Crédit Agricole Group has set targets for 2030 in 10 sectors representing more than 75% of global GHG emissions, including a 40% reduction in CO2 emissions from its EUR24.6 billion commercial real estate financing portfolio. In line with this ambition, we offer our customers fully integrated advisory services and innovative solutions to help gear them up for the future as the sector continues to embrace ESG developments. As their transition partner, our support and value-add come in various forms, from acting as green loan advisor/coordinator, sustainability advisor/structuring agent on debt instruments, to formulating clients’ sustainability frameworks. We also strive to look for opportunities to set higher benchmarks on sustainable practices for the better good of the industry.<grey-block>Although data centres still have a long way to go to achieve carbon neutrality, many organisations are already on the right track. These APAC significant strides have successfully propelled the market’s green agenda and would inspire more and more ambitious actions from others, with a view to creating an industry-wide impact that will eventually drive all players notably in Europe and the Americas to join the bandwagon.</grey-block><a href="Christophe2">Christophe2</a>*Or other forms of adjustment in the financial characteristics of the financial instrument**Commercial real estate 2030 Net Zero Banking Alliance target for Credit Agricole S.A.: -40%9 in CO2e emitted per sq. meter per year by corporate customers’ and real estate professional buildings from 46 kgCO2e/m2 to 28 kgCO2e/m2Source: International Energy Agency, Climatiq Analysis, The Shift Project, OurWorldinData</body>

<body>SOMFY has integrated non-financial performance targets into the financing conditions of its €350 million syndicated line of credit. Effective from 2023, the initiative confirms the group’s commitment to sustainable development.Crédit Agricole CIB and LCL supported SOMFY as ESG coordinators for the financing, providing the company with the Crédit Agricole Group’s recognised expertise in sustainable finance. The Bank supported SOMFY in the implementation of a €350 million revolving credit facility refinancing bilateral debts. The facility will be used to finance the company’s general needs and integrates non-financial performance targets consistent with SOMFY’s robust CSR strategy. As part of the transaction, the cost of financing will be indexed annually on three key indicators:<ul><li>the reduction of Scope 1 and 2 greenhouse gas emissions;</li><li>the reduction of Scope 3 greenhouse gas emissions;</li><li>an increase in the proportion of women in management.</li></ul><h2>About SOMFY</h2>Founded in 1969 in France, and now operating in 58 countries, SOMFY is the world leader in window and door automation for homes and buildings. Pioneer in the connected home, the Group is constantly innovating to guarantee its users comfort, well-being, and security in the home and is fully committed to promoting sustainable development. For more than 50 years, SOMFY has been using automation to improve living environments and has been committed to creating reliable and sustainable solutions that promote better living and well-being for all.<div @class=""><div><table @border="" @cellpadding="" @cellspacing="" @style=""><tbody><tr><td @style=""><img @alt="" @data-entity-type="" @data-entity-uuid="" @src=""></img></td><td @style=""> </td><td @style="">“This transaction is the culmination of a close relationship formed over decades with SOMFY’s shareholding family and management. It stands as recognition of the know-how of the Crédit Agricole Group and CACIB in supporting our clients on vital non-financial themes relating to climate change and societal issues.”Estebann Jager, Senior Banker (Crédit Agricole CIB Midcaps Division)</td></tr><tr><td @style=""> </td><td @style=""> </td><td @style=""> </td></tr><tr><td @style=""><img @alt="" @data-entity-type="" @data-entity-uuid="" @src=""></img></td><td @style=""> </td><td @style="">“The goal of Crédit Agricole des Savoie is to take action for the future of its region in response to emerging social, environmental and climate challenges. Supporting an emblematic player of the Savoie region such as SOMFY on the integration of its ESG performance assessment into its financing policy ties in 100% with that goal.”Thomas Burdet, Relationship Manager, Large Companies (Caisse Régionale des Savoie)</td></tr><tr><td @style=""> </td><td @style=""> </td><td @style=""> </td></tr><tr><td @style=""><img @alt="" @data-entity-type="" @data-entity-uuid="" @src=""></img></td><td @style=""> </td><td @style="">“By anticipating the needs of the client and its shareholders, and through the close relations with the LCL and Crédit Agricole Group teams, we supported SOMFY in its very first impact financing and proposed ambitious non-financial targets to the directors.”Pierre Falcone, Senior Banker (LCL)</td></tr><tr><td @style=""> </td><td @style=""> </td><td @style=""> </td></tr><tr><td @style=""><img @alt="" @data-entity-type="" @data-entity-uuid="" @src=""></img></td><td @style=""> </td><td @style="">“By structuring non-financial indicators, we were able to create a differentiating dialogue with SOMFY’s CSR and HR departments, highlighting the expertise of the Crédit Agricole Group with a particularly committed regional midcap.”Gaspard Maraval, Sustainable Banking, Midcaps (Crédit Agricole CIB)</td></tr></tbody></table> </div></div></body>

<body>Crédit Agricole CIB and LCL advised the SOMFY Group, acting as ESG coordinators for its syndicated line of credit.</body>

<body>SOMFY confirms its commitment to sustainable development by integrating non-financial performance targets into the financing</body>

<body>SOMFY has integrated non-financial performance targets into the financing conditions of its €350 million syndicated line of credit. Effective from 2023, the initiative confirms the group’s commitment to sustainable development.Crédit Agricole CIB and LCL supported SOMFY as ESG coordinators for the financing, providing the company with the Crédit Agricole Group’s recognised expertise in sustainable finance. The Bank supported SOMFY in the implementation of a €350 million revolving credit facility refinancing bilateral debts. The facility will be used to finance the company’s general needs and integrates non-financial performance targets consistent with SOMFY’s robust CSR strategy. As part of the transaction, the cost of financing will be indexed annually on three key indicators:<ul><li>the reduction of Scope 1 and 2 greenhouse gas emissions;</li><li>the reduction of Scope 3 greenhouse gas emissions;</li><li>an increase in the proportion of women in management.</li></ul><h2>About SOMFY</h2>Founded in 1969 in France, and now operating in 58 countries, SOMFY is the world leader in window and door automation for homes and buildings. Pioneer in the connected home, the Group is constantly innovating to guarantee its users comfort, well-being, and security in the home and is fully committed to promoting sustainable development. For more than 50 years, SOMFY has been using automation to improve living environments and has been committed to creating reliable and sustainable solutions that promote better living and well-being for all.<div class=""><div><table border="" cellpadding="" cellspacing="" style=""><tbody><tr><td style=""><img alt="" data-entity-type="" data-entity-uuid="" src=""></img></td><td style=""> </td><td style="">“This transaction is the culmination of a close relationship formed over decades with SOMFY’s shareholding family and management. It stands as recognition of the know-how of the Crédit Agricole Group and CACIB in supporting our clients on vital non-financial themes relating to climate change and societal issues.”Estebann Jager, Senior Banker (Crédit Agricole CIB Midcaps Division)</td></tr><tr><td style=""> </td><td style=""> </td><td style=""> </td></tr><tr><td style=""><img alt="" data-entity-type="" data-entity-uuid="" src=""></img></td><td style=""> </td><td style="">“The goal of Crédit Agricole des Savoie is to take action for the future of its region in response to emerging social, environmental and climate challenges. Supporting an emblematic player of the Savoie region such as SOMFY on the integration of its ESG performance assessment into its financing policy ties in 100% with that goal.”Thomas Burdet, Relationship Manager, Large Companies (Caisse Régionale des Savoie)</td></tr><tr><td style=""> </td><td style=""> </td><td style=""> </td></tr><tr><td style=""><img alt="" data-entity-type="" data-entity-uuid="" src=""></img></td><td style=""> </td><td style="">“By anticipating the needs of the client and its shareholders, and through the close relations with the LCL and Crédit Agricole Group teams, we supported SOMFY in its very first impact financing and proposed ambitious non-financial targets to the directors.”Pierre Falcone, Senior Banker (LCL)</td></tr><tr><td style=""> </td><td style=""> </td><td style=""> </td></tr><tr><td style=""><img alt="" data-entity-type="" data-entity-uuid="" src=""></img></td><td style=""> </td><td style="">“By structuring non-financial indicators, we were able to create a differentiating dialogue with SOMFY’s CSR and HR departments, highlighting the expertise of the Crédit Agricole Group with a particularly committed regional midcap.”Gaspard Maraval, Sustainable Banking, Midcaps (Crédit Agricole CIB)</td></tr></tbody></table> </div></div></body>

SOMFY confirms its commitment to sustainable development by integrating non-financial performance targets into the financing

<body>Crédit Agricole CIB is proud to announce the progressive rollout of the Komgo Trakk solution to its Trade Finance activity of paper guarantees’ issuance. This digital solution has been implemented to increase the security and comfort of the bank guarantees’ beneficiaries.Komgo Trakk is an innovative and seamless digital solution to protect documents against fraud and falsification. By protecting the digital copy of the issued paper guarantee, the beneficiary will be able to verify instantaneously on the bank’s institutional website the origin of the secured document received and will get the confirmation that it has not been tampered with. This gives a very important comfort to the beneficiary of the bank guarantee when receiving the original paper document (given that the latter usually does not have a direct link with the issuing bank).This is the first time a bank implements Komgo Trakk to secure guarantee instruments. This initiative is part of a wide ranging digital transformation programme which is at the centre of the Crédit Agricole Group’s strategic project, whose ambition is to deliver the most advanced services to its clients. Crédit Agricole CIB has a recognized capacity to manage large and secured Trade Finance transactions and strives to combine traditional business with digitalization. Last May, the Bank was recognised “Best Trade Finance Bank in Western Europe” for the second consecutive year by Global Trade Review (GTR).As a founding shareholder, Crédit Agricole Group is fully invested in Komgo and has made it part of its medium-term strategic plan. Based in Geneva with a presence in the Americas and Asia, the Komgo network provides clients with several modules to improve efficiency and security of Trade Finance transactions. Late 2022, Komgo acquired the Canadian Global Trade Corporation (GTC), a pioneer in multi-bank commodities and trade finance solutions for corporates. Jointly Komgo and GTC provide trade finance digitalisation solutions to over 120 multinational clients and their 11,000+ subsidiaries, connecting them to their financial institutions and trade service providers on a global basis. <img @alt="isabelle" @src="https://www.ca-cib.com/sites/default/files/inline-images/isabelle-quillot.jpg"></img>“The expertise and experience of our Trade Finance teams in contact with our clients, led to the introduction of this innovative practice. The solution is simple and robust, with a single drag and drop of the secured digital document on our website, without any login or password.”Isabelle Quiot, Global Head of Back Office Documentary & Guarantee Operations, Crédit Agricole CIB <img @alt="javier" @src="https://www.ca-cib.com/sites/default/files/inline-images/Javier%20Sanchez-Asiain.png"></img>“Crédit Agricole CIB is proud to be the very first bank to introduce Komgo Trakk to protect its Guarantee operations. We expect this simple security solution to be widely adopted and even become the new industry standard.”Javier Sanchez-Asiain, Global Head of Global Trade Finance, Crédit Agricole CIB    <img @alt="pierre jose" @src="https://www.ca-cib.com/sites/default/files/inline-images/pierre-jose.le-prado.jpg"></img>“This innovation applied to our Guarantee business exemplifies that Trade Finance is evolving into a digital framework and we are delighted to lead this transition for our clients.”Pierre-José Le Prado, Head of Origination Corporate France, Crédit Agricole CIB</body>

<body>This digital solution has been implemented to increase the security and comfort of the bank guarantees’ beneficiaries.</body>

Crédit Agricole CIB innovates in its Trade Finance business with Komgo Trakk

<body>Crédit Agricole CIB is proud to announce the progressive rollout of the Komgo Trakk solution to its Trade Finance activity of paper guarantees’ issuance. This digital solution has been implemented to increase the security and comfort of the bank guarantees’ beneficiaries.Komgo Trakk is an innovative and seamless digital solution to protect documents against fraud and falsification. By protecting the digital copy of the issued paper guarantee, the beneficiary will be able to verify instantaneously on the bank’s institutional website the origin of the secured document received and will get the confirmation that it has not been tampered with. This gives a very important comfort to the beneficiary of the bank guarantee when receiving the original paper document (given that the latter usually does not have a direct link with the issuing bank).This is the first time a bank implements Komgo Trakk to secure guarantee instruments. This initiative is part of a wide ranging digital transformation programme which is at the centre of the Crédit Agricole Group’s strategic project, whose ambition is to deliver the most advanced services to its clients. Crédit Agricole CIB has a recognized capacity to manage large and secured Trade Finance transactions and strives to combine traditional business with digitalization. Last May, the Bank was recognised “Best Trade Finance Bank in Western Europe” for the second consecutive year by Global Trade Review (GTR).As a founding shareholder, Crédit Agricole Group is fully invested in Komgo and has made it part of its medium-term strategic plan. Based in Geneva with a presence in the Americas and Asia, the Komgo network provides clients with several modules to improve efficiency and security of Trade Finance transactions. Late 2022, Komgo acquired the Canadian Global Trade Corporation (GTC), a pioneer in multi-bank commodities and trade finance solutions for corporates. Jointly Komgo and GTC provide trade finance digitalisation solutions to over 120 multinational clients and their 11,000+ subsidiaries, connecting them to their financial institutions and trade service providers on a global basis. <img alt="isabelle" src="https://www.ca-cib.com/sites/default/files/inline-images/isabelle-quillot.jpg"></img>“The expertise and experience of our Trade Finance teams in contact with our clients, led to the introduction of this innovative practice. The solution is simple and robust, with a single drag and drop of the secured digital document on our website, without any login or password.”Isabelle Quiot, Global Head of Back Office Documentary & Guarantee Operations, Crédit Agricole CIB <img alt="javier" src="https://www.ca-cib.com/sites/default/files/inline-images/Javier%20Sanchez-Asiain.png"></img>“Crédit Agricole CIB is proud to be the very first bank to introduce Komgo Trakk to protect its Guarantee operations. We expect this simple security solution to be widely adopted and even become the new industry standard.”Javier Sanchez-Asiain, Global Head of Global Trade Finance, Crédit Agricole CIB    <img alt="pierre jose" src="https://www.ca-cib.com/sites/default/files/inline-images/pierre-jose.le-prado.jpg"></img>“This innovation applied to our Guarantee business exemplifies that Trade Finance is evolving into a digital framework and we are delighted to lead this transition for our clients.”Pierre-José Le Prado, Head of Origination Corporate France, Crédit Agricole CIB</body>

<body><img @alt="" @data-entity-type="" @data-entity-uuid="" @src=""></img>SEB and Crédit Agricole CIB are jointly launching so|bond, a “sustainable1 and open” platform for digital bonds built on blockchain technology. Through the platform, issuers in capital markets will be able to issue digital bonds onto a blockchain network, aiming at improving efficiency, and enabling real-time data synchronisation across participants. The blockchain network is using a validation protocol, Proof of Climate awaReness, that encourages its participants to minimise their environmental footprint.[1] Sustainable by its invitation to reduce resources consumption and open to interested parties who want to review, contribute to and participate in the semi-permissioned model.<div @class=""><div @class=""><div><time @datetime="">31.03.2023</time></div></div><div @class="" @style=""><div @class=""><div @class=""></div></div><div @class=""><a @class="" @href="" @target="" @title="">Read the press release</a></div></div></div>
, <div @class=""><div><h2>Blockchain technology has the potential to modernise and digitalise the banking and financial services sectors through decentralised and efficient infrastructure</h2>The so|bond platform will enable issuers to raise capital and manage securities through smart contracts, programs that automatically execute, control or document events and actions according to the terms of the contract. The platform’s open, transparent and secure model also fosters trust between market participants and allows further innovations such as using a future central bank digital currency.<h2>New Proof of Climate awaReness protocol incentivises lower environmental impact across the life cycle of its infrastructure</h2>One of the main barriers to the widespread adoption of blockchain technology is that it is often considered as a high energy consuming solution. Although “Proof of Stake” protocols use significantly less energy than those that use “Proof of Work”, there is scope for further improvement.The so|bond platform is built on a new type of blockchain validation logic, the Proof of Climate awaReness protocol. It enables an energy consumption comparable to non-blockchain systems and incentivises participating nodes to continually improve the environmental footprint of their infrastructures. More specifically, each node will be remunerated for its efforts according to a formula linked to its climate impact evaluated with the Life Cycle Assessment ISO standard: the lower environmental footprint it is, the larger the reward will be.The platform and the blockchain technology was developed in collaboration with the IT provider Finaxys. 
The environmental footprint is measured according to a methodology developed by APL Data Center and applied by SGS, a world-leading certification expert. so|bond is the first use case of this new blockchain technology operating under the Proof of Climate awaReness protocol in global capital markets. Romaric Rollet, Head of Innovation and Digital Transformation at Crédit Agricole CIB: “Crédit Agricole CIB is proud to contribute to the emerging market of digital assets. The platform’s innovative approach, both to the blockchain infrastructure and to the securities market, is coupled with the strong commitment to green and sustainable finance that is at the centre of our Societal Project. This is a key achievement, a part of Crédit Agricole CIB Digital Transformation Acceleration plan, and we welcome collaboration to convert innovations into possible market standards that better respond to our clients’ needs in an evolving regulatory environment.”Anna Sjulander, Head of SSA DCM (sovereigns, supranationals and agencies debt capital markets) at SEB: ”The launch of the digital bond platform is an important step for SEB, and for the issuers and investors that join the platform, and will allow us to gain insights into what the innovative space of digital assets mean for the financial services industry. We see this as a great opportunity to learn what the future entails in terms of transparency, faster processing and operational simplifications, and will use a bond as the first stepping stone before expanding the use of the platform to other asset classes.”</div></div></body>

<body>SEB and Crédit Agricole CIB are jointly launching so|bond, a “sustainable and open” platform for digital bonds built on blockchain technology.</body>

<body>Crédit Agricole CIB and SEB launch a sustainable and open digital bond platform built on blockchain technology</body>

<body><img alt="" data-entity-type="" data-entity-uuid="" src=""></img>SEB and Crédit Agricole CIB are jointly launching so|bond, a “sustainable1 and open” platform for digital bonds built on blockchain technology. Through the platform, issuers in capital markets will be able to issue digital bonds onto a blockchain network, aiming at improving efficiency, and enabling real-time data synchronisation across participants. The blockchain network is using a validation protocol, Proof of Climate awaReness, that encourages its participants to minimise their environmental footprint.[1] Sustainable by its invitation to reduce resources consumption and open to interested parties who want to review, contribute to and participate in the semi-permissioned model.<div class=""><div class=""><div><time datetime="">31.03.2023</time></div></div><div class="" style=""><div class=""><div class=""></div></div><div class=""><a class="" href="" target="" title="">Read the press release</a></div></div></div>
, <div class=""><div><h2>Blockchain technology has the potential to modernise and digitalise the banking and financial services sectors through decentralised and efficient infrastructure</h2>The so|bond platform will enable issuers to raise capital and manage securities through smart contracts, programs that automatically execute, control or document events and actions according to the terms of the contract. The platform’s open, transparent and secure model also fosters trust between market participants and allows further innovations such as using a future central bank digital currency.<h2>New Proof of Climate awaReness protocol incentivises lower environmental impact across the life cycle of its infrastructure</h2>One of the main barriers to the widespread adoption of blockchain technology is that it is often considered as a high energy consuming solution. Although “Proof of Stake” protocols use significantly less energy than those that use “Proof of Work”, there is scope for further improvement.The so|bond platform is built on a new type of blockchain validation logic, the Proof of Climate awaReness protocol. It enables an energy consumption comparable to non-blockchain systems and incentivises participating nodes to continually improve the environmental footprint of their infrastructures. More specifically, each node will be remunerated for its efforts according to a formula linked to its climate impact evaluated with the Life Cycle Assessment ISO standard: the lower environmental footprint it is, the larger the reward will be.The platform and the blockchain technology was developed in collaboration with the IT provider Finaxys. 
The environmental footprint is measured according to a methodology developed by APL Data Center and applied by SGS, a world-leading certification expert. so|bond is the first use case of this new blockchain technology operating under the Proof of Climate awaReness protocol in global capital markets. Romaric Rollet, Head of Innovation and Digital Transformation at Crédit Agricole CIB: “Crédit Agricole CIB is proud to contribute to the emerging market of digital assets. The platform’s innovative approach, both to the blockchain infrastructure and to the securities market, is coupled with the strong commitment to green and sustainable finance that is at the centre of our Societal Project. This is a key achievement, a part of Crédit Agricole CIB Digital Transformation Acceleration plan, and we welcome collaboration to convert innovations into possible market standards that better respond to our clients’ needs in an evolving regulatory environment.”Anna Sjulander, Head of SSA DCM (sovereigns, supranationals and agencies debt capital markets) at SEB: ”The launch of the digital bond platform is an important step for SEB, and for the issuers and investors that join the platform, and will allow us to gain insights into what the innovative space of digital assets mean for the financial services industry. We see this as a great opportunity to learn what the future entails in terms of transparency, faster processing and operational simplifications, and will use a bond as the first stepping stone before expanding the use of the platform to other asset classes.”</div></div></body>

Crédit Agricole CIB and SEB launch a sustainable and open digital bond platform built on blockchain technology

<body>Crédit Agricole CIB and European technology leaders in quantum computing, Pasqal and Multiverse Computing, announce conclusive results on two Proofs of Concept using quantum computing in the field of finance. These two experiments, initiated in June 2021 by Crédit Agricole CIB, aimed to evaluate the contribution of an algorithmic approach inspired by quantum computing, and the potential of quantum computers for finance, in two areas: the valuation of financial products, and the assessment of credit risks.The Bank partnered with French company Pasqal, a leader in the manufacture of quantum computers in Europe, and the Spanish company Multiverse Computing, which specializes in quantum and quantum-inspired algorithms, which can run on conventional computer systems.26.01.2023 <a @class="link-pdf" @href="https://www.ca-cib.com/sites/default/files/2023-01/Press%20release_Cr%C3%A9dit%20Agricole%20CIB_Multiverse_Pasqal_26012023.pdf">Press release - Two real-world experiments conducted by Crédit Agricole CIB in quantum computing produce conclusive results</a></body>

<body>Crédit Agricole CIB conducted two real-world experiments in quantum computing in the field of finance, in partnership with Pasqal and Multiverse Computing</body>

Two real-world experiments conducted by Crédit Agricole CIB in quantum computing produce conclusive results 

<body>Crédit Agricole CIB and European technology leaders in quantum computing, Pasqal and Multiverse Computing, announce conclusive results on two Proofs of Concept using quantum computing in the field of finance. These two experiments, initiated in June 2021 by Crédit Agricole CIB, aimed to evaluate the contribution of an algorithmic approach inspired by quantum computing, and the potential of quantum computers for finance, in two areas: the valuation of financial products, and the assessment of credit risks.The Bank partnered with French company Pasqal, a leader in the manufacture of quantum computers in Europe, and the Spanish company Multiverse Computing, which specializes in quantum and quantum-inspired algorithms, which can run on conventional computer systems.26.01.2023 <a class="link-pdf" href="https://www.ca-cib.com/sites/default/files/2023-01/Press%20release_Cr%C3%A9dit%20Agricole%20CIB_Multiverse_Pasqal_26012023.pdf">Press release - Two real-world experiments conducted by Crédit Agricole CIB in quantum computing produce conclusive results</a></body>

<body><img @alt="Photo des experts blockchain réunis autour d'une même table lors de la conférence "Blockchain for good" de l'Université Paris Dauphine" @src="https://www.ca-cib.com/sites/default/files/inline-images/Blockchain-for-good-Dauphine-1000-350.png"></img>Beyond the financial and monetary aspects, blockchain has great potential to play a key role in companies' energy and social transition. Several blockchain specialists gathered to discuss this topic at the "Blockchain for Good" conference held on 9 March by Université Paris-Dauphine’s <a @href="https://dauphine.psl.eu/en/fintech-chair">FinTech & Digital Finance Chair</a>* and its Master’s programme 224 – Banking and Finance, as part of the 7th edition of House of Finance.  Led by Karen Jouve (Blockchain, Cryptocurrency, NFT and Metaverse specialist at Wavestone, and CEO & Co-founder of the firm Web-3), the conference brought together a panel of experts comprising Jacques-André Fines-Schlumberger (Chief Operating Officer for the Blockchain for Good association), Yannick Naud (Innovative Finance Officer at UNICEF) and Patrice Geoffron (Professor at Université Paris-Dauphine). The specialists discussed the role and impact of blockchain with regard to the energy and social transition for businesses, as well as the concepts of decentralised identity, crypto fundraising and inclusion.Guénolé de Cadoudal, Digital Assets Lead at Crédit Agricole CIB, also had the opportunity to take another look at our Bank’s recent work on blockchain. Our teams are currently working on:<ul><li>The use of programmable money as legal tender capable of performing secure and atomic swaps (DvP) with tokenised financial products.</li><li>The potential for implementing a new public blockchain compatible with the Bank’s ESG commitments. This public blockchain, which would also prove the origin of cryptocurrency funds, would strongly boost adoption & performance for Crédit Agricole CIB’s regulated ecosystem. Recent work shows that blockchain technology as a shared public infrastructure is now ready for integration within traditional finance.</li></ul>(Re)watch the conference:   *Since 2019, <a @href="https://www.ca-cib.com/pressroom/news/fintech-digital-finance-chair">Crédit Agricole CIB has partnered with Université Paris-Dauphine’s FinTech & Digital Finance Chair</a> through a partnership agreement designed to promote the emergence of an ecosystem that blends research, teaching and entrepreneurship in the field of digital finance.  </body>

<body>A number of blockchain specialists, including our own expert, Guénolé de Cadoudal, gathered at the “Blockchain for Good” conference to discuss the technology’s social impact.</body>

What social impact will blockchain have? Experts shared their thoughts at the “Blockchain for Good” conference

<body><img alt="Photo des experts blockchain réunis autour d'une même table lors de la conférence "Blockchain for good" de l'Université Paris Dauphine" src="https://www.ca-cib.com/sites/default/files/inline-images/Blockchain-for-good-Dauphine-1000-350.png"></img>Beyond the financial and monetary aspects, blockchain has great potential to play a key role in companies' energy and social transition. Several blockchain specialists gathered to discuss this topic at the "Blockchain for Good" conference held on 9 March by Université Paris-Dauphine’s <a href="https://dauphine.psl.eu/en/fintech-chair">FinTech & Digital Finance Chair</a>* and its Master’s programme 224 – Banking and Finance, as part of the 7th edition of House of Finance.  Led by Karen Jouve (Blockchain, Cryptocurrency, NFT and Metaverse specialist at Wavestone, and CEO & Co-founder of the firm Web-3), the conference brought together a panel of experts comprising Jacques-André Fines-Schlumberger (Chief Operating Officer for the Blockchain for Good association), Yannick Naud (Innovative Finance Officer at UNICEF) and Patrice Geoffron (Professor at Université Paris-Dauphine). The specialists discussed the role and impact of blockchain with regard to the energy and social transition for businesses, as well as the concepts of decentralised identity, crypto fundraising and inclusion.Guénolé de Cadoudal, Digital Assets Lead at Crédit Agricole CIB, also had the opportunity to take another look at our Bank’s recent work on blockchain. Our teams are currently working on:<ul><li>The use of programmable money as legal tender capable of performing secure and atomic swaps (DvP) with tokenised financial products.</li><li>The potential for implementing a new public blockchain compatible with the Bank’s ESG commitments. This public blockchain, which would also prove the origin of cryptocurrency funds, would strongly boost adoption & performance for Crédit Agricole CIB’s regulated ecosystem. Recent work shows that blockchain technology as a shared public infrastructure is now ready for integration within traditional finance.</li></ul>(Re)watch the conference:   *Since 2019, <a href="https://www.ca-cib.com/pressroom/news/fintech-digital-finance-chair">Crédit Agricole CIB has partnered with Université Paris-Dauphine’s FinTech & Digital Finance Chair</a> through a partnership agreement designed to promote the emergence of an ecosystem that blends research, teaching and entrepreneurship in the field of digital finance.  </body>

<body><a @href="https://www.komgo.io/">Komgo S.A.</a> was created to finance International Trade and Working Capital Needs, covered by Trade Finance and Commodity Finance product lines of International Trade & Transaction Banking. As a founding shareholder Crédit Agricole CIB is committed to the Komgo project and incorporated it in its strategic plan MTP 2022.<h2>Komgo solutions bring several benefits</h2>Komgo is a digital platform which increases efficiency and secures international trade finance transactions. Based in Geneva, the Komgo network offers four modules:<ul><li>Konsole: a secure multibank communication platform allowing our clients to instruct the banks’ documentary back offices using a Swift format. The IT integration of Konsole with our clients and within the banks will create significant efficiency gains in particular when issuing documentary credits, Standby letters of credit and guarantees.</li></ul><ul><li>Market: a bilateral and secure quoting platform to confirm documentary credits, Payment Undertakings and trade receivables.</li></ul><ul><li><a @href="https://www.ca-cib.fr/nos-expertises/international-trade-transaction-banking/trakk-komgo">Trakk</a>: a simple tool to prevent fraud that secures PDF documents thanks to a blockchain. The issuer of the original document registers it on the Trakk blockchain and any beneficiary of the document can authenticate it via a public internet site.</li></ul><ul><li>Check: a secure tool to exchange KYC documents between banks and corporates, or between corporates. 
	 </li></ul><h2>Crédit Agricole group supports Komgo’s expansion</h2>Komgo is growing fast. In May 2021, it successfully closed its third round of financing, raising USD 29 million in new capital. Through Crédit Agricole CIB and CA Indosuez (Switzerland) SA, the Group is one of the founding shareholders of Komgo, with other leading banks and companies in the sector. After participating in this additional fundraising, the Group now owns almost 7% of the total capital. The funds raised will finance the continued deployment of the platform in the Trade Commodity Finance market but also now in the wider world of Trade Finance. They will finance innovation: fine-tuning of existing modules, digitisation of collateralised revolving credit facilities and deployment of the next generation of secure digital documents.<img @alt="chenain" @class="align-left" @data-entity-type="file" @data-entity-uuid="0f11e766-6d7e-4de6-b66b-bd7a4c4d3cbf" @src="https://www.ca-cib.com/sites/default/files/inline-images/chenain-150.jpg"></img>« In this age of globalisation, international trade is paradoxically one of the least digitized industries, emails and paper documents like bills of lading and documentary credits remain very prevalent. There is therefore huge potential for reliable and innovative players like Komgo which was created by a consortium of major players, banks and corporates. Komgo is increasingly used by our clients and thus very well positioned to influence both the future of Trade Commodity Finance but also of Trade Finance which uses the same instruments. »Laurent Chenain, Global Head of International Trade & Transaction Banking, Crédit Agricole CIB, member of Komgo’s Board of Directors <img @alt="gancel" @class="align-left" @data-entity-type="file" @data-entity-uuid="c5300ddf-e094-43de-94e4-55b77af917a4" @src="https://www.ca-cib.com/sites/default/files/inline-images/gancel-150.jpg"></img>« The rapid increase of participants follows the movement of digitization, which was boosted by the health crisis. The snowball effect, security and time savings are factors that attract new clients when they do not come on their own. Komgo’s success allows us to open the platform widely to the world of Trade Finance. »Vincent Gancel, Global Head of Global Commodity Finance, Crédit Agricole CIB
  </body>

<body>Crédit Agricole group partnered with major industrial players in the commodity sector and other banks, to launch Komgo S.A., an innovative platform aiming to digitise commodity finance activities.</body>

<body>Crédit Agricole CIB committed to Komgo to increase efficiency for its clients</body>

<body><a href="https://www.komgo.io/">Komgo S.A.</a> was created to finance International Trade and Working Capital Needs, covered by Trade Finance and Commodity Finance product lines of International Trade & Transaction Banking. As a founding shareholder Crédit Agricole CIB is committed to the Komgo project and incorporated it in its strategic plan MTP 2022.<h2>Komgo solutions bring several benefits</h2>Komgo is a digital platform which increases efficiency and secures international trade finance transactions. Based in Geneva, the Komgo network offers four modules:<ul><li>Konsole: a secure multibank communication platform allowing our clients to instruct the banks’ documentary back offices using a Swift format. The IT integration of Konsole with our clients and within the banks will create significant efficiency gains in particular when issuing documentary credits, Standby letters of credit and guarantees.</li></ul><ul><li>Market: a bilateral and secure quoting platform to confirm documentary credits, Payment Undertakings and trade receivables.</li></ul><ul><li><a href="https://www.ca-cib.fr/nos-expertises/international-trade-transaction-banking/trakk-komgo">Trakk</a>: a simple tool to prevent fraud that secures PDF documents thanks to a blockchain. The issuer of the original document registers it on the Trakk blockchain and any beneficiary of the document can authenticate it via a public internet site.</li></ul><ul><li>Check: a secure tool to exchange KYC documents between banks and corporates, or between corporates. 
	 </li></ul><h2>Crédit Agricole group supports Komgo’s expansion</h2>Komgo is growing fast. In May 2021, it successfully closed its third round of financing, raising USD 29 million in new capital. Through Crédit Agricole CIB and CA Indosuez (Switzerland) SA, the Group is one of the founding shareholders of Komgo, with other leading banks and companies in the sector. After participating in this additional fundraising, the Group now owns almost 7% of the total capital. The funds raised will finance the continued deployment of the platform in the Trade Commodity Finance market but also now in the wider world of Trade Finance. They will finance innovation: fine-tuning of existing modules, digitisation of collateralised revolving credit facilities and deployment of the next generation of secure digital documents.<img alt="chenain" class="align-left" data-entity-type="file" data-entity-uuid="0f11e766-6d7e-4de6-b66b-bd7a4c4d3cbf" src="https://www.ca-cib.com/sites/default/files/inline-images/chenain-150.jpg"></img>« In this age of globalisation, international trade is paradoxically one of the least digitized industries, emails and paper documents like bills of lading and documentary credits remain very prevalent. There is therefore huge potential for reliable and innovative players like Komgo which was created by a consortium of major players, banks and corporates. Komgo is increasingly used by our clients and thus very well positioned to influence both the future of Trade Commodity Finance but also of Trade Finance which uses the same instruments. »Laurent Chenain, Global Head of International Trade & Transaction Banking, Crédit Agricole CIB, member of Komgo’s Board of Directors <img alt="gancel" class="align-left" data-entity-type="file" data-entity-uuid="c5300ddf-e094-43de-94e4-55b77af917a4" src="https://www.ca-cib.com/sites/default/files/inline-images/gancel-150.jpg"></img>« The rapid increase of participants follows the movement of digitization, which was boosted by the health crisis. The snowball effect, security and time savings are factors that attract new clients when they do not come on their own. Komgo’s success allows us to open the platform widely to the world of Trade Finance. »Vincent Gancel, Global Head of Global Commodity Finance, Crédit Agricole CIB
  </body>

Crédit Agricole CIB committed to Komgo to increase efficiency for its clients

<body>Crédit Agricole CIB has teamed up with two world class quantum technology companies, Pasqal and Multiverse Computing, to apply quantum computing to real world finance applications for capital markets and risk management.French company <a @href="" @target="">Pasqal</a> is developing a quantum computer based on neutral atoms arrays, a state-of-the-art technology currently being trialled to build industrial quantum computers. Spanish company <a @href="" @target="">Multiverse Computing</a> specialises in quantum algorithms which can be run both on quantum and classical computers. A great advantage in terms of shortening the time-to-market.Discover all the details of this partnership in quantum computing in the video below:<div @class=""><iframe @allowfullscreen="" @frameborder="" @height="" @src="" @width=""></iframe></div> <div @class=""><div @class=""><div><time @datetime="">28.06.2021</time></div></div><div @class=""><div @class=""><div @class=""></div></div><div @class=""><a @class="" @href="" @target="" @title="">Press Release - Partnership in Quantum Computing with Pasqal and Multiverse Computing</a></div></div></div></body>

<body>A partnership to design new approaches running on classical and quantum computers in order to outperform state of the art algorithms for capital markets and risk management.</body>

Crédit Agricole CIB explores quantum computing applications in partnership with Pasqal and Multiverse Computing

<body>Crédit Agricole CIB has teamed up with two world class quantum technology companies, Pasqal and Multiverse Computing, to apply quantum computing to real world finance applications for capital markets and risk management.French company <a href="" target="">Pasqal</a> is developing a quantum computer based on neutral atoms arrays, a state-of-the-art technology currently being trialled to build industrial quantum computers. Spanish company <a href="" target="">Multiverse Computing</a> specialises in quantum algorithms which can be run both on quantum and classical computers. A great advantage in terms of shortening the time-to-market.Discover all the details of this partnership in quantum computing in the video below:<div class=""><iframe allowfullscreen="" frameborder="" height="" src="" width=""></iframe></div> <div class=""><div class=""><div><time datetime="">28.06.2021</time></div></div><div class=""><div class=""><div class=""></div></div><div class=""><a class="" href="" target="" title="">Press Release - Partnership in Quantum Computing with Pasqal and Multiverse Computing</a></div></div></div></body>