Caisse Des Depots Et Consignations

Caisse Des Depots Et Consignations's reported carbon emissions

In 2024, Caisse des Dépôts et Consignations (CDC) reported total carbon emissions of approximately 10.6 billion kg CO2e. This figure includes Scope 1 emissions of about 2.3 billion kg CO2e, Scope 2 emissions of approximately 293.5 million kg CO2e (market-based), and a significant Scope 3 total of around 67.2 billion kg CO2e. The previous year, 2023, saw total emissions of about 10.8 billion kg CO2e, with Scope 1 at approximately 2.5 billion kg CO2e, Scope 2 at around 325.4 million kg CO2e, and Scope 3 at about 53.6 billion kg CO2e. CDC has set ambitious climate commitments, including a target to achieve carbon neutrality across its investment portfolios by 2050, as part of its founding membership in the Net Zero Asset Owner Alliance. Additionally, the organisation aims for a 55% reduction in the carbon intensity of its directly held listed equities and corporate bond portfolios by 2030, compared to 31 December 2019 levels. For its real estate investment portfolio, CDC targets a 50% reduction in carbon intensity by 2030. These initiatives reflect CDC's commitment to aligning its operations with climate science, aiming to limit global temperature rise to 1.5°C. The organisation's long-term strategy includes a comprehensive approach to decarbonisation across all scopes, with specific near-term targets for Scope 1 and Scope 2 emissions reductions.