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)

30.0 pts (-10.5)

Last Update: Dec. 18, 2024

Current Rankings

Global: #120

CAC40: #30

Financials: #21

50.0%

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

Performance vs. Target

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

Emissions Trajectory (Full Scopes)



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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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

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

Scope Reduction Objectives Base Year Target Year Comments
S3 46.2 2019 2030 Note that all the scope 3 emissions categories are not fully covered
S1S2MKT 46.2 2019 2030

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

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2050

Science-based Targets (SBTI)

Date Published / Updated :2016-05-25 01:00:00

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: Nov. 10, 2025
Planning to use external offset credits Yes
Separate targets for emission reductions and removals Yes
Conditions on use of offset credits
  • Must be high environmental integrity
  • Avoid biodiversity harm
Plans for carbon dioxide removal (CDR) Yes (nature-based removals e.g. Forestation, soil carbon enhancement)

Additional notes: In 2019, Crédit Agricole S.A. and its subsidiaries made a commitment to offset their residual emissions by 2040, for Scopes 1 and 2, as well as business travel, through Livelihoods’ funding projects. Since the launch of Livelihoods Carbon Funds in 2011, Crédit Agricole has invested more than €12 million in financing for projects focused on climate action, restoring and protecting natural ecosystems, and improving the living conditions of rural communities. The Livelihoods funds are used to finance initiatives relating to reforestation, restoration of degraded ecosystems, agroforestry, regenerative agriculture and small-scale rural energy projects (better stoves) in Africa, Asia, Latin America and, since 2021, in France (Brittany soil project). Following the decision of its Executive Committee in June 2021, Crédit Agricole CIB now offsets 100% of its operating footprint, broken down as follows: a part though Livelihoods, with the balance being offset through the purchase of additional carbon credits. (p73) on offsetting: - 'As far as possible, and based on the available data, we do not take into account carbon credits that our customers may purchase to offset their emissions: only CO2 capture and sequestration integrated into our customers’ operations are taken into account, since they directly reduce their Scope 1 emissions (as CO2 is not emitted into the atmosphere).... Crédit Agricole continues to work with market authorities to define accounting standards separate from customer carbon credits. At the same time, the Group aims to play a major role in the development and financing of carbon sequestration.' (p 59 Climate Transition plan) "Financing and investing capture and storage Hydrogen in carbon projects" (p151 Climate Transition Plan) "Launch of the 1st trading carbon credits platform for farmers " - "Carbioz is more than an environmental platform; it is bridging the gap between ecological commitments and economic valuation. Farmers who register on Carbioz are recognized and remunerated for their carbon sequestration efforts. Carbioz thus exemplifies the synergies between ecology and the economy, offering a model of sustainable development that rewards best practices in agriculture. By launching Carbioz, Crédit Agricole has demonstrated its commitment to the environment. This initiative marks a further step towards environmentally-responsible agriculture, while supporting farmers in their transition toward more sustainable practices. Carbioz is more than a platform; it is a commitment to the future, with a green footprint and reduced environmental impact." (p74 Climate TransitionPlan)

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

Score Summary

Ref Principle 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 0.0 10.0 -8.0
Transparency 15.0 30.0 -8.0
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
Total 30.0 100.0 -10.5


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)? F 0.0 / 10.0 8.0 -8.0
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 30.0 / 100.0 40.5 -10.5


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