Crédit agricole

"The net zero target of Crédit Agricole is to reduce its financed carbon emissions to zero by 2050. Net Zero Tracker
This commitment was made when the company joined the Net Zero Banking Alliance in July 2021. Net Zero Tracker
An interesting fact about their environmental policy is that they have a publicly available plan that outlines steps towards their target, including specific measures such as increasing their exposure to non-carbon energy by 60% by 2025. Net Zero Tracker
However, their target does not cover historical emissions. Net Zero Tracker
In addition, you can check out the net-zero commitments and …"

Current Score (vs. LY)

39.0 pts (-1.5)

Last Update: Dec. 18, 2024

Current Rankings

Global: #103

CAC40: #24

Financials: #17

80.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

31.3%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

8.3%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 20,60114,47516,495
Scope 2 - location-based NA45,534NA
Scope 2 - market-based 75,17124,51872,890
Scope 1-2 - location-based 20,60160,00916,495
Scope 1-2 - market-based 95,772 38,993 89,385
Scope 3 147,004,598143,272,590139,046,429
Total - location-based 147,025,199143,332,599139,062,924
Total - market-based 147,100,370 143,311,583 139,135,814

Note: Data sources detailed here

Y2022
Total CO2e estimate (by Net0Tracker) 1,792,956
Methodology Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

89k16k14k21k73k25k75k48kBaseline(Y2019)Y2019Y2020Y20212022...2029Target(Y2030)020k40k60k80k100k
Operational EmissionsEmissions (in tons of CO​2​e)Objective-46.2% vs. 2019
Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

0.00313%100%
Scope 3EmissionsY2021

Emissions Trajectory (Full Scopes)

20192020202120222023202420252026202720282029203020312032203320342035203620372038203920402041204220432044204520462047204820492050020M40M60M80M100M120M140M
GHG Emissions TrajectoryCrédit agricoleGHG Emissions


Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Société généraleAmerican International Group (AIG)AxaWells FargoBNP ParibasFidelity National Information ServicesVisa Inc.American ExpressJPMorgan Chase & Co.Chubb LimitedCME GroupS&P GlobalAonAflacMasterCard Inc.Progressive CorporationMetLife Inc.Prudential plcNatWest GroupLloyds Banking GroupHSBCMorgan StanleyBarclaysBlackRock Inc.PayPalUS BancorpWorldlinePNC Financial ServicesCrédit agricoleAllstate CorpBank of AmericaCharles Schwab CorpTruistThe Bank of New York MellonAllianzThe Travelers Companies, IncCapital One FinancialMoody's CorporationMarsh McLennanCitigroup Inc.Global PaymentsFiservGoldman Sachs GroupArthur J. Gallagher & Co.432100k9876543210k987654321000945678910B23456789100B
246810Intensity BenchmarkSector: Financialshigh----------Scope1+2 Emissions----------lowRevenue

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Crédit agricole belongs to the sector Financials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments


Science-based Targets (SBTI)

Date Published / Updated :01/05/2016

Near-term Long-Term Net Zero Standard
Committed No target No
Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Crédit Agricole by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Yes (unspecified)

Additional notes: "Financing and investing capture and storage Hydrogen in carbon projects" "Launch of the 1st trading carbon credits platform for farmers "

Data source from zerotracker.net - For more information, see methodology

Score Summary

RefPrinciple Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 1.0
Transparency 24.0 30.0 1.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 2.5 10.0 0.0
Commitments 12.5 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 2.5 10.0 -2.5
Results 2.5 30.0 -2.5
Total39.0100.0-1.5


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2024 Score 2023 Score Vs. 2023 2022 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 2.5 0.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 8.0 1.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? 2050 0.0 / 5.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Committed NA 2.5 / 10.0 2.5 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 3.0°C 2.5 / 10.0 5.0 -2.5
Total 39.0 / 100.0 40.5 -1.5


Available Data Sources

Reporting Year 2021 2021 2020 2020 2019 2019 2018
Source Public NZPDU NZPDU Public Public NZPDU NZPDU
Publication Year 2023 2022 2021 2023 2023 2022 2019
Scope 1 20,601 20,601 14,475 14,475 16,495 16,495 17,674
Scope 2 - location-based NA 48,861 45,534 NA NA 47,378 49,911
Scope 2 - market-based 75,171 26,309 24,518 70,052 72,890 25,512 26,875
Scope 1-2 - location-based 20,601 69,462 60,009 14,475 16,495 63,873 67,585
Scope 1-2 - market-based 95,772 46,910 38,993 84,527 89,385 42,007 44,549
Scope 3 147,004,598 156,419 143,272,590 143,007,295 139,046,429 92,858 60,113,428
Total - location-based 147,025,199 225,881 143,332,599 143,021,770 139,062,924 156,731 60,181,013
Total - market-based 147,100,370 203,329 143,311,583 143,091,822 139,135,814 134,865 60,157,977

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email