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The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3
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The BankTrack Human Rights Benchmark Asia
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Banking on Climate Chaos 2022
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Bank
Crédit MutuelFrance

Active

This profile is actively maintained
Last update: 2023-01-12 00:00:00
Crédit Mutuel head offices in Strasbourg. Photo: Ji-Elle via Wikimedia Commons (CC BY SA 3.0)

Active

This profile is actively maintained
Last update: 2023-01-12 00:00:00
About
Website https://www.creditmutuel.fr/
Headquarters
34 rue Wacken
67000 Strasbourg
France
CEO/chair Nicolas Théry
President
Supervisor
Banque de France
Ownership

Crédit Mutuel is a co-operative bank owned by its members. 

Crédit Mutuel is a French financial institution headquartered in Strasbourg. It is a credit union of more than 5,000 local branches regrouped in 11 regional federations (also known as CM11). These federations together form the CM11-CIC, which also includes the CIC group (Crédit Industriel et Commercial). In turn, the CM11-CIC Group operates as a subsidiary of Confédération Nationale du Crédit Mutuel.

Sustainability
Commitments
Policies
Voluntary standards

Crédit Mutuel's most important sustainability commitments can be found at the website sections listed below.

Links

CSR approach

2021-10-26 00:00:00

Dès aujourd’hui, Crédit Mutuel Alliance Fédérale stoppe le financement de tout nouveau projet d’exploration, de production et d’infrastructure dans le pétrole et le gaz

Bank policy
2021-10-26 00:00:00 | Crédit Mutuel
2021-07-16 00:00:00

Code d’éthique et de déontologie

Bank policy
2021-07-16 00:00:00 | Crédit Mutuel
2021-03-05 00:00:00

Sector policy - Mining sector (excluding Coal)

Bank policy
2021-03-05 00:00:00 | Crédit Mutuel
2021-03-02 00:00:00

Mobility sector policy - Maritime sector

Bank policy
2021-03-02 00:00:00 | Crédit Mutuel
2021-03-02 00:00:00

Mobility sector policy - Road transport sector

Bank policy
2021-03-02 00:00:00 | Crédit Mutuel
2021-03-01 00:00:00

Sector policy - Airline sector

Bank policy
2021-03-01 00:00:00 | Crédit Mutuel
2021-02-26 00:00:00

Sector policy hydrocarbons sector oil & gas

Bank policy
2021-02-26 00:00:00 | Crédit Mutuel
2021-02-26 00:00:00

Sector policy - Coal sector

Bank policy
2021-02-26 00:00:00 | Crédit Mutuel
2019-05-10 00:00:00

Sector policy - Coal-fired power plant sector

Bank policy
2019-05-10 00:00:00 | Crédit Mutuel
2019-05-10 00:00:00

Secteur centrales thermiques au charbon

Bank policy
2019-05-10 00:00:00 | Crédit Mutuel
2019-05-10 00:00:00

Secteur défense et securite

Bank policy
2019-05-10 00:00:00 | Crédit Mutuel
2019-05-10 00:00:00

Secteur énergie nucleaire civile

Bank policy
2019-05-10 00:00:00 | Crédit Mutuel
2019-05-10 00:00:00

Politique achats

Bank policy
2019-05-10 00:00:00 | Crédit Mutuel
2017-11-30 00:00:00

Declaration contre le blanchiment de capitaux et le financement du terrorisme

Bank policy
2017-11-30 00:00:00 | Crédit Mutuel
2017-03-27 00:00:00

Charte des relations fournisseurs et prestataires pour des achats durables

Bank policy
2017-03-27 00:00:00 | Crédit Mutuel
2006-04-22 00:00:00

Code d'éthique et de déontologie

Bank policy
2006-04-22 00:00:00 | Crédit Mutuel
Crédit Mutuel has committed itself to the following voluntary standards:
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Observatoire de la responsabilité sociétale des enterprises (ORSE)Tags: corporate social responsibility
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Transparency InternationalTags: transparency | corruption
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

Crédit Mutuel is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Crédit Mutuel's link to these deals.

Campaigns

Banks and Climate

The 2022 Banking on Climate Chaos report showed that Crédit Mutuel provided US$ 0.40 billion in financing to the fossil fuel industry between 2016 and 2021. Find further details on Crédit Mutuel fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in the Coal Policy Tracker and Oil and Gas Policy Tool. Find further details on their assessment of Crédit Mutuel fossil fuel policy below.

Tracking the Net Zero Banking Alliance

Crédit Mutuel is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Europe’s largest banks falling short on climate and biodiversity action

New ShareAction research uncovers urgent need for UK and European banking sector to close loopholes in climate and biodiversity strategies
2022-12-12 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

European financial institutions heavily invested in companies involved in illegal Israeli settlements

725 European Financial Institutions found to provide billions of dollars in finance to companies operating in Israel's illegal settlement enterprise
2022-12-05 | Brussels | Don't Buy Into Occupation
Blog
BankTrack news BankTrack blog Partner news Partner blog

Leaders or laggards? Report analyzes net-zero pledges of US banks

Commitments, actions from 6 biggest banks fall far short of what’s needed for global climate goals
2022-11-02 | New York | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Rio Grande Valley: at risk from fracked gas terminals

Big banks step away
2022-10-18 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Largest European banks bankroll high-risk arms traders

2022-07-12 | PAX
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report exposes billions in European financial support to companies in illegal Israeli settlements

2021-09-29 | Don't Buy Into Occupation
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New research puts big banks’ sustainability claims in doubt

While 20 of Europe’s 25 largest banks have pledged to reach net-zero emissions by 2050, none have matched these long-term ambitions with comprehensive plans to avert climate change and biodiversity loss
2021-09-06 | London | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Groundbreaking research reveals the financiers of the coal industry

Today, Urgewald & partners published an analysis of the financiers & investors behind the entire coal industry for the 1st time. One of the shocking results was that banks provide more money to coal than in 2016.
2021-02-25 | urgewald, Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Annonces climat de Crédit Mutuel : en route vers la sortie du charbon

2020-02-20 | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

Crédit Mutuel commits to zero tolerance regarding coal developers and total coal phase out by 2030

2020-02-20
Blog
BankTrack news BankTrack blog Partner news Partner blog

Europe’s biggest banks register €25 billion profit in tax havens

2017-03-27 | Fair Finance International, Oxfam
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs warn banks not to further finance PNG LNG project

Dodgy Deal Alert
2013-04-18 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

French banks: a citizen rating reveals what is going on underneath their activities

2011-11-02 | Paris and Nice | Les Amis de la Terre and Attac France
Blog
BankTrack news BankTrack blog Partner news Partner blog

‘Nuclear banks no thanks’ coalition demands banks to stop financing nuclear energy

Nuclear disaster in Japan is a sad and urgent reminder of the inherent risks of nuclear energy
2011-03-15 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

New FoE report : French insurances : guaranteed climate change?

New FoE report higlights the climate impacts of French insurances activities.
2008-12-10 | Paris, France | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report FoE France : French Banks, Fossil Banks?

New FoE report slams French banks for sad state climate policies
2007-03-06 | Paris, France | Les Amis de la Terre
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report FoE France : Banques et environnement: Presque tout reste à faire

2006-03-06 | Paris, France | Les Amis de la Terre
Resources
Documents
Links
2023-01-27 00:00:00

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network
2022-07-05 00:00:00

Annual report 2021

Annual report
2022-07-05 00:00:00 | Crédit Mutuel
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
2021-10-26 00:00:00

Dès aujourd’hui, Crédit Mutuel Alliance Fédérale stoppe le financement de tout nouveau projet d’exploration, de production et d’infrastructure dans le pétrole et le gaz

Bank policy
2021-10-26 00:00:00 | Crédit Mutuel
2021-08-12 00:00:00

CSR Report 2020

Annual report
2021-08-12 00:00:00 | Crédit Mutuel
2021-08-03 00:00:00

Annual report 2020

Annual report
2021-08-03 00:00:00 | Crédit Mutuel
2021-07-16 00:00:00

Code d’éthique et de déontologie

Bank policy
2021-07-16 00:00:00 | Crédit Mutuel
2021-03-05 00:00:00

Sector policy - Mining sector (excluding Coal)

Bank policy
2021-03-05 00:00:00 | Crédit Mutuel
2021-03-02 00:00:00

Mobility sector policy - Maritime sector

Bank policy
2021-03-02 00:00:00 | Crédit Mutuel
2021-03-02 00:00:00

Mobility sector policy - Road transport sector

Bank policy
2021-03-02 00:00:00 | Crédit Mutuel
2021-03-01 00:00:00

Sector policy - Airline sector

Bank policy
2021-03-01 00:00:00 | Crédit Mutuel
2021-02-26 00:00:00

Sector policy hydrocarbons sector oil & gas

Bank policy
2021-02-26 00:00:00 | Crédit Mutuel
2021-02-26 00:00:00

Sector policy - Coal sector

Bank policy
2021-02-26 00:00:00 | Crédit Mutuel
2021-01-13 00:00:00

BankWijzer XL 2020

Analysis of Belgian banking sector [report in Dutch]
NGO document
2021-01-13 00:00:00 | FairFin Belgium
2020-08-01 00:00:00

Annual report 2019

Annual report
2020-08-01 00:00:00 | Crédit Mutuel
2020-08-01 00:00:00

CSR report 2019

Annual report
2020-08-01 00:00:00 | Crédit Mutuel
2020-02-20 00:00:00

Climate strategy

Bank document
2020-02-20 00:00:00 | Crédit Mutuel
2020-02-20 00:00:00

Credit Mutuel 2019 results

Bank document
2020-02-20 00:00:00 | Crédit Mutuel
2019-06-30 00:00:00

Annual report 2018

Annual report
2019-06-30 00:00:00 | Crédit Mutuel
2019-05-10 00:00:00

Sector policy - Coal-fired power plant sector

Bank policy
2019-05-10 00:00:00 | Crédit Mutuel
2019-05-10 00:00:00

Secteur centrales thermiques au charbon

Bank policy
2019-05-10 00:00:00 | Crédit Mutuel
2019-05-10 00:00:00

Secteur défense et securite

Bank policy
2019-05-10 00:00:00 | Crédit Mutuel
2019-05-10 00:00:00

Secteur énergie nucleaire civile

Bank policy
2019-05-10 00:00:00 | Crédit Mutuel
2019-05-10 00:00:00

Politique achats

Bank policy
2019-05-10 00:00:00 | Crédit Mutuel
2018-04-30 00:00:00

CSR report 2017

(in French)
Annual report
2018-04-30 00:00:00 | Crédit Mutuel
2018-04-20 00:00:00

Annual report 2017

Annual report
2018-04-20 00:00:00 | Crédit Mutuel
2017-11-30 00:00:00

Declaration contre le blanchiment de capitaux et le financement du terrorisme

Bank policy
2017-11-30 00:00:00 | Crédit Mutuel
2017-04-01 00:00:00

Responsabilité Sociétale 2016

Annual report
2017-04-01 00:00:00 | Crédit Mutuel
2017-04-01 00:00:00

Annual report 2016

Annual report
2017-04-01 00:00:00 | Crédit Mutuel
2017-03-27 00:00:00

Charte des relations fournisseurs et prestataires pour des achats durables

Bank policy
2017-03-27 00:00:00 | Crédit Mutuel
2013-02-05 00:00:00

French financial institutions energy guidance notes

Bank document
2013-02-05 00:00:00 | ORSE
2008-12-10 00:00:00

French insurances : guaranteed climate change?

NGO document
2008-12-10 00:00:00 | Les Amis de la Terre
2008-12-10 00:00:00

Assurances françaises : changements climatiques garantis?

NGO document
2008-12-10 00:00:00 | Les Amis de la Terre
2008-12-10 00:00:00

Assurances françaises : changements climatiques garantis?

NGO document
2008-12-10 00:00:00 | Les Amis de la Terre
2007-03-06 00:00:00

Environnement: Comment choisir ma banque?

NGO document
2007-03-06 00:00:00 | Les amis de la Terre
2006-04-22 00:00:00

Code d'éthique et de déontologie

Bank policy
2006-04-22 00:00:00 | Crédit Mutuel
2006-03-06 00:00:00

Banques françaises et environnement : presque tout reste à faire

NGO document
2006-03-06 00:00:00 | Les Amis de la Terre

Corporate Social Responsibility page

Accountability
Grievances

Crédit Mutuel  does not operate a complaints or grievances channel for individuals or communities that may be adversely affected by the bank's finance.

Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance).

This page evaluates Crédit Mutuel's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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