First of all, Green Finance is the key feature of the growth of Credit Agricole Group. According to the Paris Agreement, the Group's ambition is to enlist everyone around a collective strategy towards climate change.
Credit Agricole Group will strengthen its commitment to the financing of the energy transition: We will exit thermal coal by 2030 in the EU and OECD. We will finance one-third of renewable energy projects in France and will double the size of our green loan portfolio in order to reach 13 billion euros in 2022.
We will promote more responsible investing policies with important environmental, social and governance factors: Awareness on ESG standards in every fund managed by Amundi and every new investment of Credit Agricole Assurances. We will also allocate 6 billion euros of the Group cash portfolio on Socially Responsible Investing financial products.
We will assign a rating to evaluate the transition plan of our biggest clients to build the framework of a harmonized sustainable development approach.