Fostering a sustainable future

For 75 years, Coface has been helping make trade happen. Our work to protect and grow businesses across the globe have illustrated the power of trade to be a force for good. As a global leader in the trade credit and risk industry, we recognize our responsibility in advancing environmental and social issues. 

In 2003, Coface signed the United Nations Global Compact under which the Group committed to supporting the Compact's 10 guiding principles on human rights, international labor standards, and anti-corruption initiatives. 

Coface began mapping non-financial risks in 2018 to help consolidate the Group’s responsibility approach and embed it in our business activities.

A strategy embedded in our operation

“Our CSR strategy is organized around three key priorities. Coface is:

  • A responsible insurer: we aim to harness our core business activities to help create a more sustainable world.
  • A responsible employer: our goal is to support employee engagement and career development and make a bigger impact on society.
  • A responsible company: our key target is to actively reduce our environmental footprint.

Each of these three priorities is based on the same principle of ‘Driving the culture’, and together they constitute a fourth key area in their own right, where ethics, compliance and internal CSR governance are of central importance. Coface strives to organize its governance within the board of directors by assigning CSR to one of the advisory committees in the company itself as part of a CSR committee made up of members of the executive committee and CSR champions in all the regions. Coface keeps in regular touch with all our stakeholders via internal communications and special events. The commitment and awareness of every actor are vital to the success of our strategy." Carole Lytton, Group General Secretary

Coface has mapped the key priorities of its CSR strategy in relation to the UN’s Sustainable Development Goals (SDGs). The Group has prioritized 11 of the 17 SDGs, which have been selected for their relevance to Coface's business, the management of its employees, and its commitment to the non-profit sector.

Driving the culture

Ensure transparency, compliance, and support for employees with clear ESG governance, communication, and involvement in all regions and across Coface Group. 

A responsible insurer: CSR objectives built into business activities

  • The Group’s environmental impact is included in Coface’s trade policy: Coface factors CSR into its assessment of country risks and the risk of default by its debtors. In addition, Coface is testing a methodology for measuring the environmental impact of the debtors making up its guaranteed exposure. This tool will enable Coface to steer its business towards more environmentally-responsible activities.
  • Coface has introduced a commercial exclusion policy, reflecting its determination to avoid non-ethical and/or non-responsible business activities. The company has made a number of commitments to stop or reduce its credit insurance, single risk, and bonds business in the thermal coal sector.
  • Coface has taken the decision to scale up support for financing and implementing long-term ESG projects via its single risk insurance solutions. Coface is intent on doubling the envelope for backing ESG projects worldwide to the tune of at least €400m in outstanding liabilities by the end of 2025 (compared to mid-2022).
  • Coface is committed to cutting the carbon footprint of its investment portfolio by 30% (listed shares and corporate bonds) by 2025 (compared to 2020) for Scope 1 and 2. In this context, Coface has signed up to the UN’s PRI (United Nations Principles for Responsible Investment) in 2023. In 2024, Coface joined the UN-convened NZAOA (Net Zero Asset Owner Alliance) which is part of a structured approach to transitioning the Group’s investment portfolio and reaching carbon neutrality by 2050.

Coface code of conduct

At Coface, whatever our activities or positions, we abide by the highest standards of ethics and professional conduct. The Coface Code of Conduct guides us in the way we conduct our business around the world.

Download our Code of conduct

Anti-bribery code

Coface is committed to operating in an ethical and responsible manner in all its activities throughout the world. We have therefore adopted a zero tolerance policy on corruption in all its forms. 

Our Anti-Corruption Code lists the challenges and principles to be respected in the prevention of corruption. It provides help for detecting risk situations and serves as a guide to how to deal with corruption in our activities.

Download our anti-bribery code

A responsible employer

  • Diversity, equity, and inclusion are key parts of Coface’s HR strategy. Our teams represent 80 different nationalities located in 58 countries. The Group delivers numerous initiatives designed to promote a diverse and inclusive environment for its employees. This work includes efforts to support equal pay, non-discrimination in terms of gender, disability, membership of the LGBTQ+ community.
  • Coface has established a policy for attracting and retaining talent and, more broadly, engaging employees. The company regularly measures employee engagement and well-being so we can continue to make headway in these two areas.
  • The Group continues to expand its employee development initiatives via business academies, mentoring and reverse-mentoring programs, and international or internal mobility.

A responsible company determined to reduce its emissions impact

  • In addition to measuring carbon footprint, Coface introduced a system for reduction that enables the company to make the low-carbon transition. The reduction plan, which has been drawn up in collaboration with Coface’s various businesses, is organized around three priority areas: investment, compensation, and operations. It is scheduled to meet the goal of carbon neutrality by 2050. 
  • The reduction plan provides widespread impact and will affect every department at Group. Our efforts include more responsible purchasing and digital practices with a focus on commuting, business trips, fleet vehicles, and office space. 
  • The company has put the first initiatives in place to reduce its carbon emissions in areas such as vehicle fleet management, travel, and the Group’s property management.