Caisse Des Depots Et Consignations

Caisse Des Depots Et Consignations, a French financial intermediation services company, reported total emissions of approximately 82.8 billion kg CO2e in 2024. This includes about 2.3 billion kg CO2e from Scope 1, 293.5 million kg CO2e from Scope 2 (market-based), and approximately 67.2 billion kg CO2e from Scope 3 emissions. Their 2024 Scope 3 emissions are primarily driven by investments, accounting for about 59.3 billion kg CO2e.

Looking back, the company's total emissions have shown fluctuation:

• In 2023, total emissions were about 63.8 billion kg CO2e.
• In 2022, total emissions were approximately 6.9 billion kg CO2e.
• In 2021, total emissions were about 5.6 billion kg CO2e.
• In 2020, total emissions were approximately 6.2 billion kg CO2e.
• In 2019, total emissions were about 2.5 billion kg CO2e.

Caisse Des Depots Et Consignations has set several climate commitments and reduction targets:

• As a founder of the Net Zero Asset Owner Alliance, the Group committed its investment portfolios to be carbon neutral by 2050.
• La Banque Postale (a subsidiary) aims to achieve net zero emissions on its banking activities by 2040. It also plans to reduce its Scope 1 and 2 operational emissions by 46% between 2019 and 2030, a target validated by the SBTi.
• Caisse des Dépôts has set new 2030 decarbonisation targets aligned with a 1.5°C scenario, including a 55% reduction in the carbon intensity (CO2 emissions per euro invested) of its directly held listed equities and corporate bond portfolios (compared to 2019 levels).
• They also aim for a 50% reduction in the carbon intensity (CO2 emissions per square metre) of their real estate investment portfolio by 2030.
• Another target is to reduce their carbon footprint by 55% on Scope 1 and 2 of their listed equity and corporate bond portfolios between 2020 and 2030.
• The Group is committed to aligning all its activities with an objective of net carbon neutrality by 2050 to help limit the global temperature rise to 1.5°C.
• The company also aims for 100% of the controllable CDC scope to be carbon-neutral by 2025.
• Earlier targets included a 20% reduction in the carbon footprint for listed equities and fixed income corporate (non-financial) over the 2014-2020 period.