CFM Monaco, a firm commitment for a sustainable relationship

For CFM Monaco, the sustainable development approach was first adopted in 2003. With the support of HSH Prince Albert II of Monaco, CFM Monaco made financial investment in Sustainable Development a priority by bringing to market "Monaco Environnement Développement Durable", a fund designed for institutions and individual customers.

CFM Monaco was able to capitalise on the boost given to the Principality by the policy of HSH Prince Albert II of Monaco and Groupe Crédit Agricole's momentum to develop its approach and its commitment in the Principality of Monaco. CFM Monaco's sustainable development strategy is neither a passing fad, nor a roundabout way for the bank to improve its cost/income ratio by cutting its costs, but rather a responsible approach that is perfectly consistent with the Principality's initiatives and those of Groupe Crédit Agricole. In an effort to further these initiatives, CFM Monaco created a Sustainable Development Committee in 2007 as part of its continuous improvement commitment. The committee includes active employees and a member of the Bank's Executive Committee. Its approach includes:

> Proposing strategies that are in-step with CFM Monaco's identity and in harmony with the Principality and Groupe Crédit Agricole strategy,
> Coordinating projects and monitoring quality indicators,
> Raising employee awareness of Sustainable Development issues.

The signing of the Charter on Monegasque Social Responsibility in 2009 displayed CFM Monaco's commitment to respecting economic, social and environmental principles.

True to tradition, CFM Monaco is continuing to assist with the Principality of Monaco's economic and financial development, as it has done since its creation in 1922. As part of its efforts to honour these principles while wishing to support a good cause, CFM Monaco naturally agreed to form a lasting partnership with the government and the Grameen Crédit Agricole Microfinance Foundation (foundation created by Groupe Crédit Agricole and Professor Muhammad YUNUS, the founder of the Grameen Bank and the 2006 Noble Peace Prize Laureate) to fight poverty by supporting microfinance.
This innovative three-party agreement makes CFM Monaco the official partner of the government and Monaco's Office of International Cooperation and Development in the area of microfinance.
This true skills sponsorship programme has the advantage of involving CFM Monaco's employees on a volunteer basis in technical assistance projects for microfinance institutions or social business enterprises that work in rural areas and have a strong social impact.
This is an ambitious programme that helps to develop business and society, combining expertise with grass roots action and promoting such fundamental values as sharing and solidarity.