Credit Agricole

Credit Agricole, a Commercial Banking firm based in France, has demonstrated a commitment to reducing its carbon footprint. In 2025, the company's total reported emissions were approximately 165.65 billion kg CO2e. This included roughly 18.14 million kg CO2e from Scope 1 emissions, approximately 20.38 million kg CO2e from Scope 2 (market-based), and around 165.6 billion kg CO2e from Scope 3 emissions. A significant portion of the Scope 3 emissions, about 165.58 billion kg CO2e, came from investments.

Looking back, Credit Agricole's reported Scope 1 emissions were approximately 22.69 million kg CO2e in 2024 and 26.43 million kg CO2e in 2023. Scope 2 emissions (market-based) were around 20.51 million kg CO2e in 2024. Scope 3 emissions were approximately 164.14 billion kg CO2e in 2024, with about 164.11 billion kg CO2e from investments.

Credit Agricole has set ambitious climate commitments, including a long-term goal to achieve net-zero emissions on its operating footprint by 2050. This commitment is supported by its participation in the four Net Zero initiatives for the financial sector. The company also aims for a 50% reduction in greenhouse gas emissions linked to Scope 1 and 2 by 2030, compared to a 2019 baseline. Furthermore, Credit Agricole has set a near-term target for its upstream Scope 3 emissions, undertaking that suppliers covering 40% of its expenses related to goods and services purchases will have science-based net-zero targets by 2027.

Historical targets include a 15% reduction in Scope 1 and Scope 2 greenhouse gas emissions over the 2016-2020 period. The company also had a target to reduce its exposure to oil extraction by 25% by 2025, relative to 2020 levels.

Credit Agricole's climate data, including emissions and reduction targets, is cascaded from its parent company, Crédit Agricole S.A. The company is listed as "Committed" to near-term targets by the Science Based Targets initiative (SBTi).