Crédit Agricole

Crédit Agricole, headquartered in Italy and operating in financial intermediation services, has set ambitious climate commitments. For 2024, the company reported total emissions of approximately 16.1 billion kg CO2e. This figure includes Scope 1 emissions of about 8.8 million kg CO2e, Scope 2 emissions (market-based) of approximately 7.0 million kg CO2e, and Scope 3 emissions of around 16.1 billion kg CO2e, with investments constituting the largest portion at over 16.0 billion kg CO2e.

The financial institution is committed to contributing to carbon neutrality by 2050. Near-term targets include a 75% reduction in Scope 1 and Scope 2 emissions in the oil and gas sector by 2030, relative to a 2022 baseline. Crédit Agricole also aims for a 50% reduction in Scope 1 and Scope 2 emissions by 2030, compared to a 2019 baseline. These targets were updated following commitments made at COP 28. Further, a target exists to reduce the intensity of financed emissions in the commercial buildings portfolio by 40% by 2025, in line with CRREM 1.5°C scenarios. Crédit Agricole aims for zero direct emissions (Scope 1 and 2) by 2030.