Crédit Agricole CIB fosters the generation of knowledge and dialogue between the worlds of academia and business. The Bank supports research and innovation through the Finance and Sustainable Development Chair at Paris-Dauphine University.
The Finance and Sustainable Development Chair was created in 2006 by Crédit Agricole CIB in partnership with the University of Paris-Dauphine and EDF. Its purpose is to contribute to developing the knowledge and methods needed to assess, quantify and manage these risks. Its resources include the crossing of quantitative finance with various areas of the economy, in particular environmental economics and the economics of energy commodities. The Chair is part of Crédit Agricole CIB’s determined effort to create a balance combining the economy, the environment and social challenges.
Under the aegis of the Institut Europlace de Finance, the Chair aims at bringing together leading international specialists in mathematics and quantitative finance on the one hand and those in sustainable development and the environment on the other.
One of the research areas taken up in partnership with Crédit Agricole CIB since 2010 concerns the quantification of CO2 emissions related to a bank's activity as a result of the financing it provides to its clients. This pioneering work focused initially on defining a methodological framework, which gave rise to a system that has been in operation since 2012 and which establishes different magnitudes of carbon imprint.
Using this tool, Crédit Agricole CIB created the first map of greenhouse gas emissions associated with the economic activities that a bank finances. Through this work the Bank was able to highlight the emissions for each of its industrial macro-sectors and, in the context of its financing policy, to apply this information to its sector-based policies.
Research and training in these areas is a key preoccupation of Crédit Agricole CIB. Given the stakes involved and the vast scope of this subject, the Bank teamed up with the Paris Dauphine University in 2013 to create a Research Initiative specifically related to the quantification of CO2 emissions attributable to the financial sector: "Financing and externalities: methodology for quantifying CO2 emissions". New partners from the academic, industrial or financial spheres now have the opportunity to get involved in this initiative and contribute to the dissemination and enhancement of this work.