Crédit Mutuel Group

Crédit Mutuel Group, a financial intermediation services provider headquartered in France, reported total carbon emissions of approximately 77.6 billion kg CO2e for 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

In 2024, Scope 1 emissions were approximately 30.3 million kg CO2e, with mobile combustion accounting for 30 million kg CO2e. Scope 2 emissions, based on the market-based approach, were about 12.7 million kg CO2e, while location-based figures stood at approximately 13.1 million kg CO2e, with purchased electricity being the primary contributor. Scope 3 emissions were substantial, totalling around 77.55 billion kg CO2e. Key contributors within Scope 3 included employee commute (approximately 68.6 million kg CO2e), purchased goods and services (approximately 339 million kg CO2e), and upstream transportation and distribution (approximately 26.4 million kg CO2e).

The group's emissions for 2023 were approximately 72.3 billion kg CO2e. For that year, Scope 1 emissions were around 28.5 million kg CO2e, Scope 2 (market-based) emissions were approximately 13.2 million kg CO2e, and Scope 3 emissions totalled about 72.3 billion kg CO2e.

Historical data indicates that in 2022, Scope 1 emissions were approximately 22.6 million kg CO2e, Scope 2 emissions were about 13.6 million kg CO2e, and Scope 3 emissions were around 359.5 million kg CO2e. In 2021, Scope 1 emissions were approximately 26.9 million kg CO2e, Scope 2 emissions were about 15.9 million kg CO2e, and Scope 3 emissions totalled approximately 410.6 million kg CO2e. In 2020, Scope 1 emissions were roughly 25.8 million kg CO2e, Scope 2 emissions were approximately 15.9 million kg CO2e, and Scope 3 emissions were around 395.7 million kg CO2e.

Crédit Mutuel Group has disclosed its climate commitments and strategies, with emissions data being publicly available. The company provides intensity metrics such as GHG intensity per net revenue, with a value of 0.001 EUR in 2024. Other intensity metrics include the carbon footprint of the corporate credit portfolio, which was 0.2513 EUR in 2022, and the carbon intensity of the portfolio (total emissions/total turnover) reported at 0.288 EUR in 2019 and 0.351 EUR in 2018. While specific reduction targets and achievements are not detailed in the provided information, the group actively reports on its emissions across all scopes.