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.
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.
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.
Credit Agricole's score of 49 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Crédit Agricole reported significant carbon emissions in Italy, totalling approximately 23,373,900 kg CO2e across Scope 1 and Scope 2. This includes 5,198,000 kg CO2e from mobile combustion and 4,807,900 kg CO2e from process emissions under Scope 1, alongside 14,938,900 kg CO2e from location-based Scope 2 emissions. The bank has not disclosed any Scope 3 emissions for this year. In 2022, the bank's global emissions were approximately 27,997,000 kg CO2e for Scope 1 and 25,439,000 kg CO2e for Scope 2, with an additional 18,990,000 kg CO2e from business travel and 3,761,000 kg CO2e from fuel and energy-related activities under Scope 3. In France, the total emissions were reported at about 387,000 kg CO2e. Crédit Agricole has committed to achieving carbon neutrality by 2050, aligning with four Net Zero initiatives for the financial sector. This long-term commitment aims to reduce financed greenhouse gas emissions at a rate twice as fast as the Net Zero 2050 scenario defined by the International Energy Agency. Additionally, the bank has set a near-term target to reduce the intensity of its CO2e emissions per ton of steel produced by 26% by 2030 compared to 2020 levels. Overall, Crédit Agricole is actively working towards reducing its carbon footprint and enhancing its sustainability practices in line with industry standards.
Access structured emissions data, company-specific emission factors, and source documents
2019 | 2022 | |
---|---|---|
Scope 1 | 16,495,000 | 00,000,000 |
Scope 2 | 25,511,000 | 00,000,000 |
Scope 3 | - | 00,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Credit Agricole is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.