Cic
CIC, or Crédit Industriel et Commercial, is a prominent financial institution headquartered in France. Established in 1859, CIC has evolved into a key player in the banking sector, offering a wide range of services across retail banking, corporate finance, and investment solutions. With a strong presence in major regions including Île-de-France and the Auvergne-Rhône-Alpes, CIC serves both individual and business clients. The bank is renowned for its innovative financial products, such as tailored loan solutions and comprehensive wealth management services, which distinguish it from competitors. Over the years, CIC has achieved significant milestones, including the expansion of its digital banking services, enhancing customer accessibility and engagement. As a member of the Crédit Mutuel Group, CIC holds a solid market position, recognised for its commitment to customer service and financial expertise.
DitchCarbon Score
How does Cic'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
Cic's score of 19 is lower than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cic's reported carbon emissions
In 2022, CIC reported total carbon emissions of approximately 60,180,000 kg CO2e, with emissions distributed across various scopes: 5,950,000 kg CO2e (Scope 1), 3,730,000 kg CO2e (Scope 2), and 60,180,000 kg CO2e (Scope 3). The Scope 3 emissions were notably significant, with major contributions from purchased goods and services (13,300,000 kg CO2e), employee commute (15,500,000 kg CO2e), and upstream transportation and distribution (15,100,000 kg CO2e). For 2021, CIC's emissions included 2,800,000 kg CO2e from fugitive emissions (Scope 1) and 40,100,000 kg CO2e from Scope 3, primarily driven by purchased goods and services (186,000,000 kg CO2e) and employee commute (44,800,000 kg CO2e). CIC has not disclosed specific reduction targets or initiatives, nor does it appear to have cascaded data from a parent organization. The absence of SBTi targets and documented reduction initiatives suggests a need for enhanced climate commitments. The organisation's climate strategy remains vague, with no formal pledges or structured reduction plans outlined in the available documentation. Overall, CIC's emissions data highlights a significant reliance on Scope 3 emissions, indicating potential areas for improvement in their sustainability efforts.
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| 2022 | |
|---|---|
| Scope 1 | 5,950,000 |
| Scope 2 | 3,730,000 |
| Scope 3 | 60,180,000 |
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.
Cic 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.
