Caisse Des Depots Et Consignations

Caisse Des Dépôts Et Consignations, based in France and operating within financial intermediation services (excluding insurance and pension funding), has reported significant carbon emissions across its operations. In 2024, the organisation's total emissions amounted to approximately 10.59 billion kg CO2e. This figure comprises Scope 1 emissions of about 2.32 billion kg CO2e, Scope 2 emissions of approximately 293.47 million kg CO2e (market-based), and substantial Scope 3 emissions totalling around 6.72 billion kg CO2e. Scope 3 emissions were particularly driven by investments, which accounted for approximately 5.93 billion kg CO2e, and upstream transportation and distribution, at about 2.45 billion kg CO2e.

For the preceding year, 2023, total emissions were approximately 1.08 billion kg CO2e. This included Scope 1 emissions of about 2.45 billion kg CO2e, Scope 2 emissions of approximately 325.38 million kg CO2e (market-based), and Scope 3 emissions of roughly 5.36 billion kg CO2e. The largest contributors to Scope 3 in 2023 were investments at approximately 4.56 billion kg CO2e and purchased goods and services at around 2.26 billion kg CO2e.

Looking back, in 2022, Caisse Des Dépôts Et Consignations reported total emissions of approximately 6.89 billion kg CO2e, with Scope 1 at 2.12 billion kg CO2e, Scope 2 at 387 million kg CO2e, and Scope 3 at 4.38 billion kg CO2e. In 2021, total emissions were approximately 5.59 billion kg CO2e, including Scope 1 at 2.19 billion kg CO2e, Scope 2 at 560 million kg CO2e, and Scope 3 at 2.84 billion kg CO2e.

Caisse Des Dépôts Et Consignations has established ambitious climate commitments. Notably, the organisation is a founding member of the Net Zero Asset Owner Alliance (NZAOA), committing its investment portfolios to be carbon neutral by 2050. Furthermore, the Group aims for 100% of its controllable scope to achieve net-zero emissions by 2025.

Specific reduction targets include a commitment to reduce the carbon intensity of directly held listed equities and corporate bond portfolios by 55% by 2030, compared to 2019 levels. The real estate investment portfolio also has a target to reduce carbon intensity by 50% by 2030. La Banque Postale, part of the Group, is committed to reducing its Scope 1 and 2 operational emissions by 46.2% between 2019 and 2030, a target validated by the Science Based Targets initiative (SBTi). The Group has also set an objective to reduce its overall annual greenhouse gas (GHG) emissions by at least 55% by 2030 from 1990 levels, aiming for climate neutrality by 2050.