Climate Change Data

Crédit Agricole CIB

Climate Impact & Sustainability Data (2013, 2023, 2024)

Reporting Period: 2013

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance
  • Safety

Climate Goals & Targets

Environmental Challenges

  • Aviation industry responsible for slightly over 2% of global greenhouse gas emissions.
  • Rapid growth of the aviation industry requiring fleet expansion.
Mitigation Strategies
  • Financing recent and fuel-efficient aircraft.
  • Promoting energy efficiency and fleet renewal plans.
  • Considering aircraft recycling initiatives (AFRA).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ICAO, CAEP, IFC Performance Standards, IATA Operational Safety Audit (IOSA)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:41 MtCO2e (2023)
Scope 1 Emissions:2,582 tCO2e (2023)
Scope 2 Emissions:3,731 tCO2e (2023)
Scope 3 Emissions:14,974 tCO2e (2023)
Renewable Energy Share:42% (international entities)
Waste Generated:760 tons (2023)

ESG Focus Areas

  • Climate change
  • Biodiversity
  • Human rights

Environmental Achievements

  • €17 billion green asset portfolio at the end of 2023 (up from €12 billion at the end of 2022)
  • Reduction of exposure to oil extraction and production by 35% between 2020 and 2023
  • 86% growth in exposure to low-carbon energies between 2020 and 2023
  • 65% reduction in greenhouse gas emissions associated with the energy consumption of buildings and the vehicle fleet (scopes 1 and 2) between 2019 and 2023
  • 49% reduction in greenhouse gas emissions from business travel (scope 3 category 6) between 2019 and 2023

Social Achievements

  • 2,606 young people welcomed in 2023
  • 282,933 training hours provided in 2023
  • 80% participation rate in the IMR (Accountability Index) survey
  • Gender equality index of 85/100 in France in 2023
  • Roll-out of 28-day paid paternity leave to all Crédit Agricole CIB employees worldwide

Governance Achievements

  • Implementation of a Sustainable Finance and ESG compliance system in early 2022
  • Seven meetings of the Committee for the Assessment of Transactions with an Environmental or Social Risk (CERES) in 2023
  • Annual training for Board of Directors on compliance issues

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2050
Medium-term Goals:
  • Reduce CO2 emissions related to oil and gas financing by 75% by 2030
  • Achieve 30% women on Management Committee by 2025
Short-term Goals:
  • Increase exposure to low-carbon energy by 80% by 2025
  • Reduce exposure to oil extraction and production by 25% by 2025
  • Reduce operating carbon footprint by 50% between 2019 and 2030 (scopes 1 and 2)
  • Reduce operating carbon footprint by 50% between 2019 and 2030 (business travel)

Environmental Challenges

  • Complex market environment marked by uncertainties about inflation and central bank monetary policy
  • Deteriorated economic environment impacting certain sectors
  • Geopolitical tensions and conflicts
  • Climate change and the need for a more sustainable model
Mitigation Strategies
  • Active risk management in a deteriorated economic environment
  • Maintaining leading positions in bond issues and syndication activities
  • Keeping risk level under control
  • Implementing a climate strategy aimed at carbon neutrality by 2050
  • Setting intermediate targets for 2030 and action plans on ten sectors

Supply Chain Management

Responsible Procurement
  • Inclusion of disability-friendly sector companies in subcontractor and supplier lists
  • Sustainable development appendix added to contracts
  • CSR ratings obtained from third-party service providers

Climate-Related Risks & Opportunities

Physical Risks
  • Heatwaves
  • Droughts
  • Fires
  • Flooding
  • Storms
  • Cold waves
  • Geological events
  • Biological events
  • Pollution
Transition Risks
  • Regulatory changes
  • Changes in stakeholder behavior
  • Technological developments
  • Contractual obligations
Opportunities
  • Financing renewable energies
  • Supporting clients in their transition to a low-carbon economy

Reporting Standards

Frameworks Used: GRI G4, UN Global Compact, Principles for Responsible Banking, TCFD

Sustainable Products & Innovation

  • Green Notes
  • Green Loans
  • Sustainability-Linked Loans
  • Green Bonds
  • Sustainability-Linked Bonds
  • Social Notes
  • Sustainable structured products

Awards & Recognition

  • EMEA ESG Financing House of the Year
  • Most impressive Bank for SSA ESG Capital Markets
  • Most Impressive Investment Bank for FI ESG Capital Markets
  • Women in Wealth Management 2022 (WealthBriefing Swiss)
  • Diversity & Inclusion (WealthBriefing Asia)

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Climate Goals & Targets

Environmental Challenges

  • Greenhouse gas emissions from mining and metallurgical activities
  • Impacts on biodiversity
  • Social impacts (population displacement, community health and safety)
Mitigation Strategies
  • Analysis of environmental and social impacts
  • Implementation of management plans to mitigate negative impacts
  • Adherence to industry good practice principles (ICMM, World Bank)
  • Respect for OECD, SEC, and EU rules on payment disclosure and responsible supply chains

Supply Chain Management

Responsible Procurement
  • OECD Due Diligence Guidance for Responsible Supply Chains

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ICMM, IFC Performance Standards, OECD Due Diligence Guidance, SEC rules, EU principles on disclosure of payments, International Cyanide Management Code, Kimberley Process, ITSCI, WNA Sustaining Global Best Practices, EITI, Voluntary Principles on Security and Human Rights, GRI