Crédit Agricole

Crédit Agricole, a financial intermediation services company headquartered in IT, reported total carbon emissions of about 16.08 billion kg CO2e in 2024. This total includes Scope 1 emissions of approximately 8.8 million kg CO2e, Scope 2 market-based emissions of about 7.0 million kg CO2e, and Scope 3 emissions of roughly 16.06 billion kg CO2e. A significant portion of Scope 3 emissions, about 16.06 billion kg CO2e, originated from investments.

Crédit Agricole has set ambitious climate commitments. Under its Transition Plan, the Crédit Agricole Group aims for carbon neutrality by 2050 across all scopes. Near-term targets include a 50% reduction in Scope 1 and Scope 2 emissions by 2030, against a 2019 baseline. Furthermore, Crédit Agricole has a specific target to decrease emissions in the oil and gas sector by 75% in absolute value by 2030, compared to a 2022 baseline. There is also a near-term target to reduce the intensity of financed emissions in commercial buildings (Scope 1 and 2) by 40% by 2025, against a 2021 baseline, aligned with the CRREM 1.5°C scenario.