Crédit Agricole

Crédit Agricole's reported carbon emissions

Crédit Agricole, headquartered in Italy and operating in financial intermediation services, has reported significant carbon emissions. For 2024, the company's total emissions were approximately 16.1 billion kg CO2e. This total comprises Scope 1 emissions of about 8.8 million kg CO2e, Scope 2 emissions of approximately 22.7 million kg CO2e (location-based), and Scope 3 emissions accounting for the vast majority, around 16.1 billion kg CO2e. The Scope 3 emissions are largely driven by investments, which contributed about 16.1 billion kg CO2e, with smaller contributions from business travel (approximately 221,612 kg CO2e), employee commute (about 2.2 million kg CO2e), and purchased goods and services (around 375,560 kg CO2e). Crédit Agricole has established ambitious climate commitments. The Group aims to achieve carbon neutrality by 2050. Near-term targets include a 75% decrease in emissions in absolute value for oil and gas by 2030, a goal that was increased following commitments made at COP 28. Furthermore, the company has set a target to reduce Scope 1 and Scope 2 emissions by 50% by 2030, using a 2019 baseline. There are also specific targets for reducing the intensity of financed emissions in the commercial buildings portfolio, aiming for a 40% reduction by 2025, in line with the CRREM scenario for 1.5°C. The company is also pursuing a "Zero e-mission" path for direct emissions by 2030.