« Corporate social responsibility (CSR) is an integral part of Crédit Foncier’s business. Our mission has always been to make our customers’ and partners’ real estate plans a reality: personal banking customers, of course, and first and foremost those with low to middle incomes; but also real estate professionals, investors and social housing operators.” » Benoît Catel, Chief Executive, Crédit Foncier
Inspired by BPCE’s proactive approach, Crédit Foncier’s CSR policy is based on four strategic priorities, expressed as commitments:
- An environmental commitment reflected in an offering that helps provide more sustainable, environmentally friendly housing
- An employee commitment illustrated by our continued substantial investment in training and day-to-day support for our employees to improve quality of life at work
- A social commitment manifested in our role as real estate experts and our philanthropic activities
- An economic commitment through our participation in responsible financial solutions and our strong regional presence
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Information and CSR/Sponsorship Manager
- Kayoum Seraly
CSR and Sponsorship Project Manager
- Delphine Magne
Protecting the environment through our business
At Crédit Foncier, our environmental commitment is built into our offering, as we mainly finance new homes.
Crédit Foncier also carries out annual carbon audits to measure greenhouse gas emissions and pursue a continuous improvement plan.
Protecting the environment through our offering
- Personal banking customers can use an interest-free eco-loan (éco-prêt à taux zéro in French) for renovations to make their homes more energy efficient and reduce their power consumption
- Energy savings are taken into account in the financing plan for “BBC”-rated low-energy homes
- A specific offering is available to condominium owners’ associations for renovations to improve energy efficiency, with condominium “advance on subsidies” loans (Foncier Copro “Avance de Subventions”) and interest-free condominium eco-loans (éco-PTZ copropriété)
- Under the total cost approach, future savings from energy-efficient homes are taken into account when calculating borrowing capacity
- Solar power loans (prêt liberté photovoltaïque) can be used to finance the cost of installing residential rooftop solar panels
- Energy renovation loans (prêt travaux énergie) finance renewable energy solutions (such as heat pumps, solar panels, solar water heaters and wind turbines)
- We offer professional real estate investors a range of expertise, services and financing solutions geared towards low-carbon projects
Protecting the environment by managing our carbon footprint
The method used by BPCE Group for its annual carbon audit has been adopted as a standard market practice by French energy agency ADEME, making it a monitoring indicator rather than purely a regulatory requirement. This audit serves to measure greenhouse gas emissions and pursue continuous improvement plans.
Crédit Foncier submits the results of its carbon audit to the group every year.Employee commitment
The employee commitment under our CSR strategy means we will continue to invest substantially in vocational training. Crédit Foncier’s training policy is a fundamental component of our human resources policy, which recognizes our responsibility to protect, develop and promote human capital by helping employees maintain and develop their employability.
Crédit Foncier’s disability policy is geared toward developing and maintaining employment for people with disabilities, whether by directly hiring employees with disabilities or by outsourcing to organizations in the sheltered employment sector (indirect employment).
Developing sponsorship initiatives aimed at employees:
Crédit Foncier has introduced a number of programs for employees aimed at offering and promoting community service initiatives.
For several years now, Crédit Foncier has offered its employees the chance to participate in skills sponsorship programs, which, under certain conditions, let employees spend several months helping a non-profit run community service initiatives.
Through its partnership with Planète Urgence, Crédit Foncier gives employees the opportunity to use their annual leave to share their personal or professional skills with humanitarian projects around the world.
Lastly, Crédit Foncier supports employees’ volunteering activities through its Coups de Cœur campaign, under which selected non-profits receive a financial award.
Crédit Foncier’s social commitment is reflected in our development of expertise by publishing research on real estate-related topics, as well as in our philanthropic activities by sponsoring a number of non-profits working for sustainable, affordable housing.
At Crédit Foncier, we play a leading role in deciphering the real estate market and its environment through the studies we carry out.
At Crédit Foncier, we support non-profits whose commitments are aligned with our core business, particularly those focused on social inclusion through sustainable, affordable housing and financial literacy for property owners.
Solidarité nouvelle pour le logement
This non-profit, formed in 1988, promotes access to housing for people in need by acquiring and then renting out new and refurbished homes. SNL also helps families find long-term housing and plays an active role in forging closer ties in neighborhoods. https://www.snl-union.org/
Habitat et Humanisme
This non-profit, formed in 1985, works to promote housing and social inclusion by providing families and individuals in need with decent housing at low rents. Wherever possible, Habitat et Humanisme aims to accommodate families in “balanced” neighborhoods to help promote socially diverse towns and cities. It also seeks to help beneficiaries regain their independence and form social connections. https://www.habitat-humanisme.org/
Mouvement d’aide au logement
The goal of this non-profit, formed in 1951, is to share its experience and financial engineering skills with low-income families to help them become homeowners. Since it was founded, it has enabled over 2,000 households to become homeowners in the Paris region, by offering first-time buyers interest-free loans and helping them navigate the various procedures involved in property ownership though its “Homeowners 101” classes (“l’école du propriétaire”). These classes were created by the non-profit to present key aspects of buying a home (such as putting together a loan application, relations with notaries and sound budget management). http://mouvementaidelogement.fr/
Le Pari Solidaire
Le Pari Solidaire’s mission is based on a very simple idea: housing students, young workers and jobseekers under 30 by matching them with older people who have spare rooms in their homes. The goal is to create friendly shared living situations, with no hierarchy between those involved. Whatever the choice made by the participants, this is a housing solution unlike any other. Le Pari Solidaire aims to help foster intergenerational relationships by promoting dialogue and support among all different age groups in a spirit of tolerance and mutual understanding. www.leparisolidaire.frEconomic commitment
At Crédit Foncier, we offer responsible financing solutions and help finance local authorities thanks to our strong regional presence.
Financing a more responsible economy
Our expertise helps us develop personalized solutions for first-time buyers (smoothing of repayments, long-term loans, inclusion of notary fees/taxes, etc.).
We are a major lender to low- and middle-income households through our social home ownership loans (prêts à l’accession sociale) and interest-free loans (prêts à taux zéro).
- Our social home ownership loan is limited to first-time buyers and subject to income criteria. It can be used to finance up to 100% of the cost of purchasing a new or existing property, with adjustable monthly payments.
- Our interest-free loan is also limited to first-time buyers and subject to income criteria. It can be used to finance part of the cost of purchasing a property. Interest is covered by the state, which sets the eligibility requirements.
Promoting regional economic development
Supporting regional housing policy
At Crédit Foncier, we support local authorities that wish to enable as many people as possible to become homeowners. We do this by converting grants into loans, usually interest-free (Foncier DUO Collectivités Locales), or covering part of the monthly repayment for the first five years of the loan term (Foncier Plus Collectivités Locales).
At Crédit Foncier, we are involved in financing social housing organizations. We offer real estate financing solutions for local authorities, non-profits, foundations and social housing operators throughout France. As such, we finance the construction and renovation of nursing homes (known as “EHPADs”), student residences, residences for young workers or people with disabilities, and sheltered employment organizations (known as “ESATs”).
Responsible purchasing encompasses all purchases whereby stakeholders mutually agree to requirements, specifications and criteria designed to protect and promote the environment, social progress and economic development.