Crédit Agricole
Crédit Agricole, also known as the "Green Bank," is a prominent financial institution headquartered in Italy. Established in 1894, it has evolved into a leading player in the banking and financial services industry, with a strong presence across Europe and beyond. The bank primarily focuses on retail banking, corporate banking, and asset management, offering a diverse range of products and services tailored to meet the needs of individuals and businesses alike. With a commitment to sustainable finance, Crédit Agricole distinguishes itself through innovative solutions that promote environmental responsibility. The bank has achieved significant milestones, including its recognition as one of the largest cooperative banks in the world. Its market position is bolstered by a robust network of branches and a reputation for customer-centric service, making it a trusted choice for financial needs in Italy and across its operational regions.
DitchCarbon Score
How does Crédit Agricole's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Crédit Agricole's score of 47 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Crédit Agricole's reported carbon emissions
In 2023, Crédit Agricole reported total carbon emissions of approximately 23,373,900 kg CO2e from Scope 1 and 8,444,700 kg CO2e from Scope 2. The bank's Scope 3 emissions, specifically from purchased goods and services, were about 15,000,000 kg CO2e. This reflects a slight decrease in Scope 1 emissions from 26,315,500 kg CO2e in 2022 and a reduction in Scope 2 emissions from 9,487,300 kg CO2e in the same year. Crédit Agricole has set ambitious climate commitments, aiming for a 75% reduction in absolute emissions from oil and gas operations by 2030, a significant increase from a previous target of 30%. Additionally, the bank plans to reduce the intensity of emissions from its financed portfolio of commercial buildings by 40% by 2025, aligning with the Carbon Risk Real Estate Management (CRREM) scenario for a 1.5 °C pathway. Looking further ahead, Crédit Agricole aims to halve the total annual greenhouse gas emissions of the sector by 2050. These initiatives demonstrate Crédit Agricole's commitment to addressing climate change and reducing its carbon footprint across various scopes of emissions.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 24,982,600 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 7,681,300 | 0,000,000 | 00,000 | 0,000 | 0,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Crédit Agricole is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
