Cic Sustainability Profile
CIC, or Crédit Industriel et Commercial, is a prominent financial institution headquartered in France. Established in 1859, CIC has evolved into a key player in the banking sector, offering a wide range of services across retail banking, corporate finance, and investment solutions. With a strong presence in major regions including Île-de-France and the Auvergne-Rhône-Alpes, CIC serves both individual and business clients. The bank is renowned for its innovative financial products, such as tailored loan solutions and comprehensive wealth management services, which distinguish it from competitors. Over the years, CIC has achieved significant milestones, including the expansion of its digital banking services, enhancing customer accessibility and engagement. As a member of the Crédit Mutuel Group, CIC holds a solid market position, recognised for its commitment to customer service and financial expertise.
DitchCarbon Score
How does Cic'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
Cic's score of 31 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cic's reported carbon emissions
In 2022, CIC reported total carbon emissions of approximately 60,180,000 kg CO2e, with emissions distributed across various scopes: 5,950,000 kg CO2e from Scope 1, 3,730,000 kg CO2e from Scope 2, and 60,180,000 kg CO2e from Scope 3. Notably, the Scope 3 emissions included significant contributions from purchased goods and services (13,300,000 kg CO2e), employee commute (15,500,000 kg CO2e), and upstream transportation and distribution (15,100,000 kg CO2e). In 2021, CIC's emissions were reported as 40,100,000 kg CO2e for Scope 3, with no Scope 2 data disclosed. The Scope 1 emissions included 2,800,000 kg CO2e from fugitive emissions. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. CIC's emissions data is not cascaded from a parent organization, and all reported figures are derived directly from their own disclosures. The company continues to monitor its carbon footprint, but further commitments or reduction strategies have not been publicly outlined.
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| 2022 | |
|---|---|
| Scope 1 | 5,950,000 |
| Scope 2 | 3,730,000 |
| Scope 3 | 60,180,000 |
How Carbon Intensive is Cic's Industry?
How Carbon Intensive is Cic's Location?
Cic's Scope 3 Categories Breakdown
The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 26% of Scope 3 emissions.
Top Scope 3 Categories
Cic'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.
Cic 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.
