FReD an original CSR approach
FReD is an internal system for managing and measuring Group progress on CSR matters. Launched in 2012, its three pillars are trust and the customer relationship (FIDES), respect of employees and of the corporate ecosystem (RESPECT) and protecting the environment (DEMETER). The FReD methodology underwent several changes since its creation. Today,it is reflected in 12 short, medium and long-term projects that make up the portfolio of each entity and a four-step progress measurement. Each completed action therefore scores three points in the procedure. The minimum target index to be achieved is 1.5.
In 2019, 16 group entities contributed to the FReD index. This index is audited annually by one of the Statutory Auditors of Crédit Agricole S.A.. The FReD index determines the payment of one-third of the deferred variable compensation of Senior Executives of Crédit Agricole S.A. Group. Thanks to profit-sharing agreements negotiated in several entities, FReD is now impacting the variable compensation of more than 10,000 people.
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