Credit Agricole

Banks, Diversified Financials

Risk Level:

Rating - Caution
Medium Risk

Summary:

Credit Agricole is an international cooperative banking institution headquartered in Montrouge, France. Credit Agricole provides protections against political viewpoint discrimination, and the company has not publicly terminated business relationships due to ideological differences. However, the bank must operate within the environmental limits mandated by the French government, and it has stopped funding certain energy projects in line with its goal of net zero emissions by 2050. The bank has avoided using its reputation or finances to further ideological goals or groups hostile to freedom of expression. For these reasons, Credit Agricole receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Credit Agricole has a “selective oil and gas” funding policy in line with its net zero by 2050 goals (1). The company has stopped funding certain oil and gas projects, however it does not prohibit all investing in this industry nor has it terminated business relationships based on views or beliefs. 

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Credit Agricole does not discriminate against religious organizations in its charitable giving (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Credit Agricole provides protections against political viewpoint discrimination (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Credit Agricole embraces ESG within its business operations, although these practices are in line with the French government’s requirements (1). Otherwise, Credit Agricole has not endorsed specifically ideological policies or goals.

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Credit Agricole has not dispensed corporate funds to ideological groups hostile to freedom of expression (1).

All links were last accessed and all information was updated on:
March 15, 2023

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