Credit Agricole

Credit Agricole, a Commercial Banking firm based in France, reported its latest carbon emissions for 2025 as approximately 165.6 billion kg CO2e in Scope 3 (investments), 18.1 million kg CO2e in Scope 1, and 20.4 million kg CO2e in Scope 2 (market-based). In 2024, their reported emissions were approximately 164.1 billion kg CO2e for Scope 3 (investments), 22.7 million kg CO2e for Scope 1, and 20.5 million kg CO2e for Scope 2 (market-based). The emissions data is inherited from its parent company, Crédit Agricole S.A.

Credit Agricole is committed to achieving net-zero emissions for its operating footprint by 2050. The company aims to reduce Scope 1 and 2 greenhouse gas emissions by 50% by 2030, compared to a 2019 baseline. Furthermore, it targets a 50% reduction in Scope 3 business travel emissions between 2019 and 2030. For its upstream Scope 3, Crédit Agricole S.A. has committed that suppliers covering 40% of its expenses related to goods and services will have science-based Net Zero targets by 2027. The company also aims for a 25% reduction in exposure to oil extraction between 2020 and 2025. The Group previously set a climate change mitigation target of a 15% reduction in greenhouse gas emissions covering direct impacts and portfolio over the 2016-2020 period for both Scope 1 and Scope 2. Crédit Agricole is a signatory to four Net Zero initiatives for the financial sector, aligning with carbon neutrality goals by 2050.