Supporting the transition to a low-carbon economy

Climate and environmental risks entail factors that have a decisive impact on existing risks, in particular credit, operational, market and liquidity risks. These risks are automatically integrated into the group’s risk management processes.

They also represent an opportunity for Crédit Mutuel to support the transition to a more low-carbon economy. It is, in fact, vital that the transition is viewed as an opportunity to fund and help build a future economy, by adapting business strategies and models.

The Crédit Mutuel group's goal is to integrate these risks and opportunities throughout its strategy and activities. This involves each regional group taking ownership of these issues as they deploy their own climate strategies.

A dual materiality principle applies when taking climate and environmental risks into account:

• on the one hand, consideration of the potential and proven impacts of climate change and environmental risks on all of the group's activities;
• on the other hand, consideration of the impacts of these activities on climate and environmental factors.

Afin d’avoir une vision holistique et bien documentée de l’incidence des risques liés au climat et à l’environnement sur les catégories de risques existantes, le groupe Crédit Mutuel a élaboré une matrice de matérialité nationale des risques physique et de transition.

Cette analyse de significativité a été élaborée à dires d’experts, en co-construction avec les groupes régionaux et les responsables des risques concernés. Les principes méthodologiques sont détaillées dans la DPEF du groupe Crédit Mutuel.

Crédit Mutuel supports the development of the energy and ecological transition through dedicated loans. With total outstandings of €34,665 million, the Crédit Mutuel group reasserts its determination to work closely with the regions, supporting professionals, farmers and individuals in the ecological and energy transition by providing structured financing and through its retail banking activity which has a well-established energy transition financing offering.