PEFC-certified cheques from Crédit Agricole

4 May 2016 News

The largest banking network in France and the leading retail bank in Europe, Crédit Agricle has chosen PEFC certification for its cheques. 

The objective is twofold: reaffirming the banks commitment to the sustainable management of our forests and meeting the expectations of its customers.

According to a study conducted by the Group in October 2014, almost one quarter of their customers wish to have environmentally friendly cheques. In 2015, Crédit Agricole issued 23.4 million cheques.

Cheques in figures:

• The fourth most common payment method in France
• 71% of cheques issued in the EU are in France
• In 2013, the French used an average of 37 cheques per person

A pioneering step

“Two years ago, Crédit Agricole was the first bank to launch an environmentally friendly bank card, and enrolled in a bank card recycling process,” said Stanislas Pottier, Director of Sustainable Development for the Crédit Agricole S.A, explaining that this measure is part of the Group’s comprehensive approach.

The choice of PEFC is according to him “a major issue, as the responsible management of forests is an important tool in the fight against climate change.”

“This initiative from Crédit Agricole allows a virtuous act to become a daily gesture,” said Marc-Antoine de Sèze, President of PEFC France. “We are convinced that by choosing a certified product, everyone can contribute to the protection of our environment.”