Exactly. The A/C is simply a reversible heat pump. In summer it pumps the heat out of the car as a conventional AC unit does. It compresses a gas in the compressor which gets hot outside the car and then decompresses it in the condenser, which gets cold and that cooling is used to cool the ventilation air on its way to the interior of the car.
Renault took this one step further. In winter the AC system is run in the same way as in summer, but the ventilation air is diverted by valves to the hot compressor and is heated on its way to the interior of the car.
I suspect the 'AC' button is a throwback to the conventional AC systems and stops the car being cooled in summer.