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Climate Finance

Accelerating the energy transition

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All our climate commitments 

As the leading lender to the French economy, Crédit Agricole is fully aware of the major role we play in France’s energy transition. Thanks to our forefront positions, industry expertise, financial strength (net banking income of €31.3 billion) and size (138,000 employees), we can provide active and sustained support to help finance this new economy. Crédit Agricole is a major player in energy transition financing. Our strategy is driven by a simple goal: accelerate the transition to a low-carbon economy and protect the environment by integrating eco-responsible criteria into our products and services.

‘‘

We are accompanying progress: our role is to accelerate the energy transition and to support, through our expertise, our customers in changing their business models. In order to be efficient, our commitments must be precise and technical.

Philippe Brassac Chief Executive Officer of Crédit Agricole S.A.

Read "Banks are driving the green economy", by Philippe Brassac

 

A long-standing commitment applied across all business lines

 

Commitments 2017

Two years after the Paris Climate Accord, Crédit Agricole Group decided to expand upon the commitments made in 2015.

  • €100 billion in new green financing by 2020
    • €71 billion arranged at end-2017
  • One third of renewable energy and energy efficiency projects in France financed by 2020
    • +24% projects financed compared with 2016
  • €2 billion in Group cash invested in Green bonds by end-2017
    • €2 billion invested at end-2017 – target met
  • €5 billion in new projects financed by specialised management companies by 2020
    • €203 million in financing committed
  • Fully offset the direct footprint of Crédit Agricole S.A. and of its subsidiaries with respect to energy and business travel to 2040

A strategic plans with four focus areas

Areas 1 : Manage the carbon and environmental footprint

Evaluate ESG risks

for clients

13 policies

For sectors with the highest potential impacts

160 MtCO2

Group’s indirect carbon footprint

Reduce and offset

direct carbon footprint

Areas 2 : Renewable energies (RnE) worldwide

27 GW of RnE*

financing in 2016

#1 Bank

for Renewable Energy financing in France

30 % market share

with €514M in financing in 2016

* annual consumption of 12M French households.

Expert and leader

f the green bonds

$21Bn arranged

in 2016

Areas 3 : Assist clients in improving their energy and carbon performance

46% of square meters

investing by CA Assurances in real estate assets with environnemental certification

€2 Bn in zero interest-rate eco-loans and energy savings loans

between 2007 and 2016

3 Group’s buildings

BBCA certified in 2016

Areas 4 : Attract useful and responsible savings

Leader in

Social Responsible Investing

€170Bn in assets under management

(31/08/2017)

€5Bn in assets under management

Low carbon index funds (30/06/2017)

€142M€ in assets under management

Fonds Amundi Green Bonds & Impact Green Bonds (31/08/2017)

€360M in assets under management

Amundi Valeurs Durables Fund (31/08/2017)

Climate objectives

Road map unveiled during the COP21 climate conference and broadened in 2017

Learn more : Download « Accelerating the energy transition »

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