The opening ceremony of the #COP22, which is held in Morocco from 7th to 22nd of November, is starting today. This is the occasion to remind the engagement taken by co-operatives banks during the #COP21 held in Paris last year and and also to see how the objectives have been worked on by our members. In fact, last year, the EACB together with eleven members signatories issued a statement addressed to the world leaders meeting in Paris during the United Nations Conference on Climate Change. Co-operatives Banks wanted to reiterate their existing engagement in fighting global warming.
Today, Crédit Agricole S.A. released 'Actor for energy transition 2016' which aims to show what have been achieved so far and what is still to be done following the COP21 major agreement from last year.
In 2010, Crédit Agricole decided to make Energy Sources and Environmental Economics one of its six growth drivers in its 2020 Medium-Term Plan—along with Housing, Agriculture & Agri-food, Health & Ageing, the Sea Sector and Tourism. Its intention is to provide economic and financial support suited to all its customers' needs. This strategic goal is the core of the Group's Corporate Social Responsibility policy and the Regional banks' Cooperative Regional Pact. Several aspects must be addressed:
• Offer products and services that allow customers to favour renewable energy, clean transport and lower energy consumption, and that speed up the transition to a low-carbon economy;
• Commit to a proactive approach for reducing CO2 emissions caused by our inancing and investments;
• Guide customers to help them decarbonise their investment portfolios and savings;
• Be there for all our customers – individuals, farmers, professionals, businesses, public bodies—and be active in all our locations to support the energy transition.
In that purpose, Crédit Agricoles S.A. set up a four-line strategy that you can discover by reading the full brochure.