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RE100: the Group commits to buying electricity from 100% renewable sources

RE100: the Group commits to buying electricity from 100% renewable sources - Crédit Agricole

THE ISSUES

The Paris Agreement may have been signed by countries following the COP21 summit in December 2015, but it is companies that will be the main partners. In real-life terms, how can the transition to a low-carbon economy be accelerated at the level of a single company?

OUR RESPONSE

The Group is leading numerous initiatives to control its direct greenhouse gas emissions, with data centres standing as the main source of electricity consumption.

Crédit Agricole S.A. has taken a new step forward by signing a new type of contract with EDF. Since 1 January 2016, 92% of the energy supplied to the Group has been produced from renewable sources. EDF is required to produce the equivalent of the consumption of the administrative sites, data centres and branches of the Regional Banks and LCL from renewable energies, mainly hydraulic.

The Group has thus joined the RE100 initiative launched by the international organisation The Climate Group in 2014. The 58 signatories have committed to the objective of sourcing 100% renewable energies. Crédit Agricole is the sixth bank and second French company to partner the initiative, which has gained in influence since COP21. The initiative is a way of converting commitments into practical actions.