Crédit Agricole Sustainability Profile
Crédit Agricole, also known as the "Green Bank," is a prominent financial institution headquartered in Italy. Established in 1894, it has evolved into a leading player in the banking and financial services industry, with a strong presence across Europe and beyond. The bank primarily focuses on retail banking, corporate banking, and asset management, offering a diverse range of products and services tailored to meet the needs of individuals and businesses alike. With a commitment to sustainable finance, Crédit Agricole distinguishes itself through innovative solutions that promote environmental responsibility. The bank has achieved significant milestones, including its recognition as one of the largest cooperative banks in the world. Its market position is bolstered by a robust network of branches and a reputation for customer-centric service, making it a trusted choice for financial needs in Italy and across its operational regions.
DitchCarbon Score
How does Crédit 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
Crédit Agricole's score of 47 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Crédit Agricole's reported carbon emissions
In 2024, Crédit Agricole reported total carbon emissions of approximately 16,076,636,090 kg CO2e. This includes Scope 1 emissions of about 8,803,870 kg CO2e, Scope 2 emissions (market-based) of approximately 7,029,420 kg CO2e, and significant Scope 3 emissions totalling around 16,060,802,800 kg CO2e, with the majority stemming from investments (approximately 16,058,000,770 kg CO2e). The bank has set ambitious climate commitments, aiming for a 75% reduction in absolute emissions from oil and gas by 2030, a target that was recently increased from a previous goal of 30%. Additionally, Crédit Agricole has committed to achieving carbon neutrality by 2050 through its Transition Plan, which includes a 50% reduction target for Scope 1 and Scope 2 emissions by 2030, based on a 2019 baseline. In 2023, the bank's Scope 1 and 2 emissions were reported at approximately 8,444,700 kg CO2e (market-based), while in 2022, these emissions were about 9,487,300 kg CO2e (market-based). The data indicates a focus on reducing direct emissions, with specific initiatives targeting both Scope 1 and Scope 2 emissions. Crédit Agricole's climate strategy reflects a commitment to sustainability and aligns with industry standards for reducing greenhouse gas emissions, demonstrating a proactive approach to addressing climate change.
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| 2016 | 2017 | 2018 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 4,176,000 | 0,000,000 | 0,000,000 | - | - | - | 0,000,000 |
| Scope 2 | 14,403,000 | 00,000,000 | 00,000,000 | - | - | - | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | 00,000,000,000 |
How Carbon Intensive is Crédit Agricole's Industry?
How Carbon Intensive is Crédit Agricole's Location?
Crédit Agricole's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Crédit 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.
Crédit Agricole has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
