Caisse des Dépôts et Consignations (CDC) is a French public‑financial institution established in 1816 and governed by the French Monetary and Financial Code.
CDC serves as a long‑term investor acting in the general public interest. It manages regulated savings products, supports social‑housing development, oversees pension schemes, and provides financing aligned with national economic, social, and ecological objectives.
Key missions of CDC include:
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Protecting public savings by managing accounts accessible to millions of savers and supporting housing for lower‑income populations.
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Performing public mandates such as acting as a depositor of funds held in escrow, providing administrative services for social insurance, and partnering with local authorities to develop regions.
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Investing for the long term in France’s economy and supporting ecological transformation, regional cohesion, and industrial sovereignty.
CDC’s governance is distinctive: its supervisory board includes parliamentarians, employee representatives, and state officials. It carries out its public‑interest functions at cost and is self‑financed, with no traditional shareholders.
Over its two‑century history, CDC has adapted from managing private funds to becoming France’s leading public financial hub. It now supports major national initiatives, digital innovation such as issuance of digitally native bonds, and the drive toward sustainability.
By combining public‑interest mandates with investment activities, CDC plays a unique role: safeguarding savings, financing infrastructure, and supporting public policy, while also engaging in competitive investment operations.
