Credit Agricole

Credit Agricole's reported carbon emissions

In 2023, Crédit Agricole reported total carbon emissions of approximately 56.1 million kg CO2e. This figure includes Scope 1 emissions of about 26.4 million kg CO2e, Scope 2 emissions (location-based) of approximately 20.7 million kg CO2e, and Scope 3 emissions totalling around 29.7 million kg CO2e. Notably, the Scope 3 emissions include significant contributions from business travel, which accounted for about 26 million kg CO2e. Crédit Agricole has set ambitious climate commitments, aiming for carbon neutrality by 2050. This commitment is part of their participation in four Net Zero initiatives for the financial sector, which they joined in 2021. Additionally, the Group has established near-term reduction targets, including a 15% reduction in greenhouse gas emissions across both Scope 1 and Scope 2 from 2016 to 2020. They also aim to reduce Scope 1 and 2 emissions related to energy consumption in buildings and vehicle fleets by 50% between 2019 and 2030. Furthermore, Crédit Agricole has committed to a 50% reduction in greenhouse gas emissions associated with business travel (Scope 3, Category 6) by 2030. These targets reflect the Group's proactive approach to addressing climate change and its impacts on the financial sector. The emissions data and climate commitments are cascaded from their parent company, Crédit Agricole S.A., which oversees the Group's sustainability initiatives and reporting.