Green finance products and services

The group provides specific offers and financing to support customer-members and businesses in their environmental approach.

• Loans to improve the energy performance of buildings: zero interest rate eco-loans,
• Eco-Mobility offer for private individuals and professionals to support our customers and members in the ecological transition and to satisfy their needs for electrical mobility (financing and leasing of hybrid or electric vehicles),
• Solidarity savings products, including the Livret d'Epargne pour les Autres, which has the Finansol label, and the Livret de Développement Durable et Solidaire (refers to the Sustainable and Solidarity Development Savings Passbook).

Implementation of a Sustainability policy materialising Crédit Mutuel Alliance Fédérale's commitment to meet the requirements of the European Union's Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 in the context of its financial savings solutions advisory, investment advisory and insurance advisory activities.

Supporting our clients' innovative projects in the field of sustainable development with the Transition loan range:

• Accelerate the ecological transition of companies. The “Energy Transition Loan” enables companies to finance investments for energy savings, improved energy performance and reduced costs
• Consolidate the CSR initiative of companies. The “CSR Transition Loan” finances all the tangible and intangible investments inherent in a company’s social responsibility
• Help transform economic models. The “Digital Transition Loan” assists customers with their digital transformation by financing investments to digitize the company’s activities.

The total outstanding loans granted as part of the Transition range amounted to more than €720 million at December 31, 2022

To strengthen this system, the “Industrial Transition Loan”, available since 2021, has been added to the range to finance companies wishing to invest in property, plant and equipment or intangible assets that meet the spirit of the recovery plan initiated by the State based on four areas of focus: (re)locate strategic activities, decarbonize industry, modernize the production system and innovate by supporting investments in research and development.

Specific support to agricultural sector in the ecological shift from agriculture to agro-ecology:

• A grant to finance the remaining cost of the carbon diagnostic
• Financial support for the cost of certification for level 3 HVE (high environmental value) and organic farming environmental labels of excellence
• Dedicated Transition loans for farmers

The range of GACM’s savings offers enables policyholders to invest in financial products that have a positive impact on the environment and society

• Access to 60 responsible life insurance and retirement savings funds to policyholders of which more than ten labelled unit-linked products (socially responsible investments, Greenfin, Finansol, etc.)
• Non life products: Car insurance policies that encourage to reduce the carbon foot print and home offers designed to cover renewable energy systems

As a committed investor, GACM also invests in environmental and social projects.

Investments of more than €5.7 billion in the portfolio at the end of 2021 were dedicated to financing activities promoting the transition to a low-carbon economy or projects with a social theme. Investments in these two themes represent nearly 5.6% of the Group’s assets, excluding unit-linked products.

Crédit Mutuel Asset Management continues its strategic project “Towards Responsible and Sustainable Finance” and is overhauling the classification of its Responsible Finance range to increase the visibility of its offer:

• ESG integration: comprising all funds whose management is based on non-financial criteria alongside financial criteria, to identify market opportunities while respecting environmental, social and governance principles and limiting risk.
• SRI: comprising funds managed according to the principles of the State SRI label, including being highly selective of the securities in the portfolio and improving transparency through dedicated reports.

Crédit Mutuel Asset Management is determined to shift all of its asset management to a sustainable and responsible finance approach, backed by its responsible commitment for more than 15 years.

In 2022, 14 renewable energy projects have been financed by CIC’s project financing department:

• 3 onshore wind farm projects, totaling nearly 125 MW in France
• 2 offshore wind farm projects in Europe representing nearly 1,920 MW (Hornsea 2 wind farm in the United Kingdom and Gemini wind farm in The Netherlands)
• 2 biomass project representing nearly 209 MW located in France
• 4 solar projects totaling nearly 377 MW (three in France and one in Spain)
• 3 methanization/biogas projects in France

The aggregate authorizations for renewable energy projects totaled €2.2 billion at the end of December 2022, an increase of 3% compared to the end of 2021.