Credit Agricole, officially known as Crédit Agricole S.A., is a prominent player in the financial intermediation services sector, headquartered in France. Established in 1894, the bank has evolved into one of the largest financial institutions in Europe, with a strong presence across various regions, including Western Europe and parts of Asia.
Specialising in retail banking, corporate banking, and investment services, Credit Agricole offers a diverse range of products, including loans, savings accounts, and wealth management solutions. Its unique cooperative structure allows for a customer-centric approach, fostering strong community ties and tailored financial solutions.
Recognised for its robust market position, Credit Agricole has achieved significant milestones, including being ranked among the top banks globally. With a commitment to innovation and sustainability, the bank continues to adapt to the evolving financial landscape, ensuring it meets the needs of its clients effectively.
+19 vs industry average
Credit Agricole’s score of 56 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Credit Agricole's reported carbon emissions
Credit Agricole, a financial intermediation services provider headquartered in France, reported a total of approximately 56.1 billion kg CO2e for its 2023 emissions. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.
In 2023, Scope 1 emissions were approximately 26.4 million kg CO2e, while Scope 2 emissions (location-based) accounted for about 20.7 million kg CO2e. Scope 3 emissions, which include business travel (approximately 26.0 million kg CO2e) and fuel and energy-related activities (approximately 3.7 million kg CO2e), were approximately 29.7 million kg CO2e. The company also reported investments contributing to Scope 3, with a figure of approximately 645.5 billion kg CO2e for 2023.
In 2022, Credit Agricole's total emissions were not explicitly provided as a single sum, but Scope 1 emissions were approximately 28.0 million kg CO2e and Scope 2 (location-based) were approximately 25.4 million kg CO2e. Scope 3 emissions for investments were reported at approximately 41.0 billion kg CO2e and fuel and energy-related activities at approximately 3.8 million kg CO2e.
Previous years' data includes:
- 2021: Scope 1 emissions were approximately 20.6 million kg CO2e (mobile combustion). Scope 2 emissions were approximately 75.2 million kg CO2e, and Scope 3 (business travel) were approximately 4.6 million kg CO2e.
- 2020: Scope 1 emissions (mobile combustion) were approximately 14.5 million kg CO2e. Scope 2 emissions were approximately 70.1 million kg CO2e, and Scope 3 (business travel) were approximately 7.3 million kg CO2e.
- 2019: Total emissions were approximately 88.4 million kg CO2e. This included Scope 1 emissions of about 16.5 million kg CO2e, Scope 2 (market-based) of about 25.5 million kg CO2e and Scope 2 (location-based) of about 47.4 million kg CO2e. Scope 3 emissions were approximately 46.4 million kg CO2e, with business travel comprising this total.
Credit Agricole is committed to achieving carbon neutrality by 2050. The company has set a near-term target to reduce greenhouse gas emissions related to energy consumption in buildings and vehicle fleets (Scopes 1 and 2) by 50% between 2019 and 2030. Additionally, there is a target to reduce greenhouse gas emissions related to business travel (Scope 3, category 6) by 50% between 2019 and 2030.
Previously, the Group had a target to reduce greenhouse gas emissions by 15% over the 2016-2020 period, covering both direct impacts and its portfolio.
Credit Agricole's emissions data and climate targets are cascaded from its parent organisation, Crédit Agricole S.A., which holds the SBTi and Net Zero commitments for the corporate family.
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Credit Agricole’s Climate Goals (2030 & 2050)
4 goals2030
50% reduction in all scopes
- 50% d'émissions de gaz à effet de serre liées aux consommations d'énergie des bâtiments et de la flotte de véhicules (scopes 1 et 2) entre…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 4 climate goals
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Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Credit Agricole
Frequently asked questions
Common questions about Credit Agricole’s sustainability data and climate commitments
Data year: 2023
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