Our societal dividend : let's share value in a different way
In view of the scale of the climate crisis and growing inequalities, Crédit Mutuel Alliance Fédérale created a societal dividend in January 2023 to promote solidarity and usher in a new phase of its results-based mutualist approach. Each year, 15% of its group consolidated net income will be used to finance environmental transformation and solidarity projects. For 2023, the societal dividend amounted to €525 million.
This is a sustainable, simple and verifiable measure by Crédit Mutuel Alliance Fédérale entailing an unprecedented commitment of more than €2 billion between now and its 2027 strategic plan. By sharing value in a different way, Crédit Mutuel Alliance Fédérale is putting its operational efficiency to work for the benefit of all.
Daniel Baal,
chairman of Crédit Mutuel Alliance Fédérale
Nicolas Théry,
former Chairman of Crédit Mutuel Alliance Fédérale
They talk about
Crédit Mutuel Alliance Fédérale Mission Committee
As the first bank to adopt benefit corporation status, Crédit Mutuel Alliance Fédérale continues to innovate to support not only its customers, members and employees, but society as a whole. A deeply mutualist bank, we seek to go beyond economic and financial performance, which remains fundamental, and invest more in environmental and societal transformation alongside those who require our support. This is a major decision that shows how a corporation can serve as a model of reflection and action for progress in society.
The Societal Dividend is a perfect illustration of the commitment we want to make to tomorrow’s world, a world that we wish to be fairer and more sustainable. It is a powerful tool serving society and solidarity.
It is time that we move away from short-term financial thinking so that we can meet our environmental and solidarity requirements. In this difficult environment requiring greater inclusiveness and profound ecological change, companies must share more and as widely as possible. Crédit Mutuel Alliance Fédérale’s societal dividend shows how financial performance and the common good can be married over the long term. It is up to us to take action that makes this happen in a comprehensive and just manner !
The Societal Dividend, for a more sustainable and inclusive society
With the Societal Dividend, 15% of Crédit Mutuel Alliance Fédérale's net income is allocated each year to ecological transformation and social and regional solidarity initiatives. It represents nearly €3 billion by the end of 2027. The spearhead of our action as a benefit corporation, the Societal Dividend allows us to take all our commitments a step further, throughout the country. It is based on three complementary actions: the Environmental and Solidarity Revolution Fund, inclusive and solidarity-based offers, and patronage and support for non-profit organizations.
Impact investing with the Environmental and Solidarity Revolution Fund
Crédit Mutuel Alliance Fédérale seeks to support the establishment of environmentally resilient production facilities and infrastructures that fully incorporate inclusiveness. This fund, 100% financed by the Societal Dividend, invests massively in entrepreneurial projects.
Managed by Crédit Mutuel Impact, the Environmental and Solidarity Revolution Fund focuses on projects that generate a concrete and measurable positive impact on the environment and for the regions. Its scope of investment is broad, encompassing disruptive tech companies and facilitating the scaling of emerging sectors involved in environmental and societal transformation.
Even more solidarity-based services for our customers and members
As it did by revolutionizing home ownership by eliminating the health questionnaire for people with health issues and former patients and with the mutualist stimulus premium for professionals during the Covid crisis, Crédit Mutuel Alliance Fédérale wants to speed up its contribution to the necessary transformation of the banking and insurance sectors.
Through inclusive and solidarity-based offers, Crédit Mutuel Alliance Fédérale develops services to promote inclusion for all, with support for the ecological transition and special support for its most vulnerable customers.
A policy of patronage and support for non-profits to ensure greater solidarity in all regions
As a long-time partner to non-profits, Crédit Mutuel Alliance Fédérale is strengthening its status as a major sponsor providing long-term support for projects that promote regional solidarity and environmental sustainability, whether led by new structures, local or regional associations or large NGOs. These new resources in particular enable the Crédit Mutuel Alliance Fédérale Foundation to unite stakeholders in the public interest around these major causes and to make their own commitments over the long term.
In concrete terms, actions are carried out at several levels:
- direct and skills-based sponsorship (local mutual banks, federations, CIC network, subsidiaries and specialized business lines), and grants to internal foundations and to the Crédit Mutuel Foundation for Reading;
- sponsorship via the Crédit Mutuel Alliance Fédérale Foundation;
- partnerships with local or national non-profits, particularly in music, sport and culture.
Third Annual Societal Dividend Meeting
Crédit Mutuel Alliance Fédérale launched the Societal Dividend at the Economic, Social and Environmental Council (CESE) in January 2023. Since this launch, it has held annual meetings around the Societal Dividend and the new role of the company. Discover the “making of” the 2025 meeting on the theme of “Taking action for the Environment and Society”: