12 July 2019

As part of a team seminar held from 3 to 5 July, the Grameen Crédit Agricole Foundation and Crédit Agricole SA’s Corporate Social Responsibility (CSR) department decided for the first time to bring together their teams, led by Eric Campos, Managing Director of the Foundation and CSR Director of Crédit Agricole S.A. A wealth of discussion and reflection, during these three days to take stock of the various business lines and strengthen the dynamics common to both entities.

Strengthen cooperation between the Foundation and CSR

During three days spent in the Ardèche in the village of Voguë, the teams were able to discuss the levers to be activated to strengthen the scale of the projects carried out together and the new avenues of work to be explored.

As a first step, the two entities each presented their Strategic Plan 2019-2022. For the Foundation, it is based on three pillars: strengthening microfinance expertise, developing the resilience of rural economies and promoting impact finance within the Group. For the CSR Department, the teams focused on the Group’s climate strategy, which calls for a gradual divestment from coal, first in the EU and OECD countries by 2020, then in China in 2030 and finally in the rest of the world by 2050. The common thread of the two medium-term plans is to support a more inclusive, responsible and sustainable finance.

Through working groups, the Foundation and CSR teams have been able to define various elements on which they will move forward together in order to create synergies that will benefit both the Foundation and the Crédit Agricole Group as a whole through Crédit Agricole S.A.’s CSR Department. Sharing expertise, capitalizing on successful joint projects, innovation – many are the possible actions to strengthen the Foundation’s and the Group’s action in favour of financial inclusion and socially responsible entrepreneurship.

At the end of the Seminar, further meetings are planned to continue this dynamic of pooling and mutual enrichment between the Grameen Crédit Agricole Foundation and the CSR Department and, more generally, the entire Crédit Agricole Group.