Sunday, May 22

Bank. Fleur Pellerin takes over as head of the mission committee of Crédit Mutuel Alliance Fédérale

The former Minister of Culture, Fleur Pellerin, currently director of the investment fund Korelya Capital, has just been appointed chairwoman of the mission committee of Crédit Mutuel Alliance Fédérale. It is she who will assess the means implemented by the third largest French banking group to achieve the objectives it has set itself as part of its societal and environmental project.

An approach that follows on from the announcement made by the bank last November to waive the health questionnaire when accessing mortgages for the purchase of a main residence by its loyal customers. This decision took the banking world by surprise and preceded the legislator who has since taken up the subject.

14 commitments in 2022

In total, 14 commitments come to structure this project that Nicolas Théry, chairman of the bank, has integrated into the daily lives of the group’s employees: “for us it is a vector of transformation […] It is a question of going to the end of our convictions, by associating elected mutualists and 75,000 employees and by committing ourselves to a dynamic of change that creates collective pride” by insisting on the most ambitious points of this program such as the abandonment of the financing of new projects in oil and gas, the recruitment of 25% of work-study students from neighborhoods and rural areas, the reduction of 20% of the company’s carbon emissions, or the offer of civil liability cover for association leaders.

A few hours before speaking to the economic press, the head of Crédit Mutuel spoke out to call for collective responsibility on environmental issues: “we must stop giving the impression that financial risk is people’s business seriously and climate risk is the business of ecologists. They are the same” he defended on France Info.

A speech corroborated by that of Daniel Baal, general manager of the group who highlights the company’s ability to “project itself into the future” and to “promote innovation without sacrificing employment”.

A third of independent personalities

In her control function, during the coming year, Fleur Pellerin will rely on a team of nine people, one third of whom are the bank’s elected officials and one third of employee representatives. The last third is made up of independent personalities: the general delegate of the Abbé Pierre Foundation, Christophe Robert; and the Professor Xavier Jaravel, member of the Economic Analysis Council, prize for the best young economist 2021, will be.

“Faced with climate and social crises, companies have no choice but to act. They often have more means than the public authorities” analyzed this Wednesday the former minister who advocates a more inclusive and sustainable development model for our economies.

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