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 31 is higher than 54% 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 59,500,000 kg CO2e for Scope 1 and 2, alongside significant Scope 3 emissions, including 8,200,000 kg CO2e from downstream transportation and distribution, 3,080,000 kg CO2e from fuel and energy-related activities, and 2,370,000 kg CO2e from business travel. The total Scope 3 emissions amounted to approximately 24,000,000 kg CO2e. For 2021, CIC's emissions included about 2,800,000 kg CO2e in Scope 1 (fugitive emissions) and a total of approximately 40,100,000 kg CO2e in Scope 3, with major contributions from purchased goods and services (186,000,000 kg CO2e) and waste generated in operations (8,000,000 kg CO2e). CIC has not disclosed any specific reduction targets or initiatives, nor does it appear to have cascaded data from a parent organization. The company has not set any Science-Based Targets Initiative (SBTi) reduction targets, indicating a potential area for future commitment. Overall, CIC's emissions data reflects a significant carbon footprint, particularly in Scope 3 categories, highlighting the need for enhanced climate commitments and reduction strategies moving forward.
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| 2022 | |
|---|---|
| Scope 1 | 5,950,000 |
| Scope 2 | 3,730,000 |
| Scope 3 | 16,280,000 |
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.
