Crédit Agricole

Crédit Agricole, a financial intermediation services company headquartered in Italy, reported total carbon emissions of approximately 16.08 billion kg CO2e in 2024. This included Scope 1 emissions of 8.80 million kg CO2e, Scope 2 market-based emissions of 7.03 million kg CO2e, and Scope 3 emissions of 16.06 billion kg CO2e. The majority of Scope 3 emissions, about 16.06 billion kg CO2e, were attributed to investments.

Crédit Agricole has set a target to achieve carbon neutrality by 2050 as part of its Transition Plan. The company aims for a 50% absolute reduction in Scope 1 and Scope 2 emissions by 2030, against a 2019 baseline. Furthermore, Crédit Agricole is targeting a 75% decrease in financed emissions from the oil and gas sector by 2030, an increase from a previously announced 30% target following international commitments at COP 28. Crédit Agricole CIB, a related entity, also aims to reduce the intensity of its financed emissions in the commercial buildings portfolio by 40% (in kg CO2e/m2 for Scope 1 and 2) by 2025, aligning with the CRREM 1.5 °C scenario.