Crédit Agricole, also known as the "Green Bank," is a prominent financial institution headquartered in Italy. Established in 1894, it has evolved into a leading player in the banking and financial services industry, with a strong presence across Europe and beyond. The bank primarily focuses on retail banking, corporate banking, and asset management, offering a diverse range of products and services tailored to meet the needs of individuals and businesses alike. With a commitment to sustainable finance, Crédit Agricole distinguishes itself through innovative solutions that promote environmental responsibility. The bank has achieved significant milestones, including its recognition as one of the largest cooperative banks in the world. Its market position is bolstered by a robust network of branches and a reputation for customer-centric service, making it a trusted choice for financial needs in Italy and across its operational regions.
How does Crédit Agricole'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.
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.
Crédit Agricole's score of 47 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Crédit Agricole reported total carbon emissions of approximately 16,076,636,090 kg CO2e. This figure includes Scope 1 emissions of about 8,803,870 kg CO2e, Scope 2 emissions (market-based) of approximately 7,029,420 kg CO2e, and significant Scope 3 emissions totalling around 16,060,802,800 kg CO2e, with the majority stemming from investments (approximately 16,058,000,770 kg CO2e). Crédit Agricole has set ambitious climate commitments, aiming for a 75% reduction in emissions from oil and gas operations by 2030, compared to 2022 levels. This target was recently increased from a previous goal of 30%, reflecting the bank's alignment with international climate agreements established at COP 28. Additionally, the bank has committed to achieving carbon neutrality by 2050 through its Transition Plan, which includes a 50% reduction target for Scope 1 and Scope 2 emissions by 2030, using 2019 as a baseline. The bank's initiatives also focus on reducing the intensity of financed emissions in commercial buildings by 40% by 2025, in line with the Carbon Risk Real Estate Monitor (CRREM) scenario for a 1.5 °C pathway. These commitments underscore Crédit Agricole's proactive approach to addressing climate change and reducing its overall carbon footprint.
Access structured emissions data, company-specific emission factors, and source documents
2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|
Scope 1 | 24,982,600 | 00,000,000 | - | - | - | 0,000,000 |
Scope 2 | 7,681,300 | 0,000,000 | - | - | - | 0,000,000 |
Scope 3 | - | - | - | - | - | 00,000,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Crédit Agricole is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.