Credit Agricole Sustainability Profile
Crédit Agricole, often referred to as the "Green Bank," is a leading French financial institution headquartered in Montrouge, France. Established in 1894, it has evolved into one of the largest banking groups in Europe, with a strong presence in retail banking, insurance, and asset management across various regions, including Europe, North Africa, and Asia. The bank is renowned for its cooperative model, which prioritises customer interests and community development. Its core offerings include personal and business banking services, investment solutions, and insurance products, distinguished by a commitment to sustainability and innovation. Crédit Agricole's market position is bolstered by its extensive network of local branches and a robust digital banking platform, making it a trusted choice for millions of customers worldwide.
DitchCarbon Score
How does Credit Agricole'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
Credit Agricole's score of 54 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Credit Agricole's reported carbon emissions
In 2023, Crédit Agricole reported significant carbon emissions in Italy, with Scope 1 emissions totalling approximately 5,000,000 kg CO2e from mobile combustion and process emissions, and Scope 2 emissions amounting to about 14,939,900 kg CO2e based on location. The total emissions for Scope 1 and 2 combined reached approximately 23,373,900 kg CO2e. In 2022, the bank's global emissions included approximately 27,997,000 kg CO2e for Scope 1, 25,439,000 kg CO2e for Scope 2, and 22,000,000 kg CO2e for Scope 3, which encompasses business travel and fuel-related activities. Notably, the bank has set ambitious climate commitments, aiming for a 15% reduction in greenhouse gas emissions across both direct impacts and its portfolio by 2020, which has been achieved. Crédit Agricole has also committed to achieving carbon neutrality by 2050, joining four Net Zero initiatives for the financial sector. Additionally, it aims to reduce absolute financed emissions related to oil and gas activities by 30% by 2030 and to cut greenhouse gas emissions from energy consumption in buildings and vehicle fleets by 50% between 2019 and 2030. The emissions data is cascaded from its parent company, Crédit Agricole S.A., which provides a comprehensive overview of the group's climate impact and commitments.
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| 2019 | 2022 | |
|---|---|---|
| Scope 1 | 16,495,000 | 00,000,000 |
| Scope 2 | 25,511,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 |
How Carbon Intensive is Credit Agricole's Industry?
How Carbon Intensive is Credit Agricole's Location?
Credit Agricole's Scope 3 Categories Breakdown
A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 30% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 83% of Scope 3 emissions.
Top Scope 3 Categories
Credit Agricole's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Credit Agricole has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Credit Agricole's sustainability data and climate commitments