Aviation
The aviation sector currently generates 2.5% of all CO2 emissions, while air traffic is expected to increase significantly by 2050. In response, Crédit Agricole CIB and six of the largest aviation lenders have joined forces with the Center for Climate-Aligned Finance of the Rocky Mountain Institute (RMI) to form a working group. The working group’s ambition is to create a climate compliant financial framework that sets common targets for reducing carbon emissions in the aviation sector.
Crédit Agricole CIB’s ambition with this initiative is to provide a robust and effective framework for all stakeholders in aviation finance.
Emerging markets
The Alliance for Green Commercial Banks brings together pioneers of green finance to contribute to its growth in emerging markets by sharing their experience, expertise and financial practices with local banks. This initiative is currently focused on Asia. Recognised for its leadership in the field, Crédit Agricole CIB is the only French bank among the five leading members of this Alliance, which was created by the International Finance Corporation (IFC) and the Hong Kong Monetary Authority (HKMA).
The Alliance brings together financial and research institutions and innovative technology providers to develop a green community in emerging markets that can collectively finance the infrastructure and business solutions needed to address climate and environmental risks.
Given the critical role that green finance plays in the sustainable economic development of the Asia-Pacific region, Crédit Agricole CIB’s active contribution to the Alliance illustrates its commitment to a sustainable society by stimulating financial innovation, promoting responsible investment and encouraging our clients to opt for the best green strategies.
BETTER UNDERSTANDING AND CONTROLLING OUR CARBON FOOTPRINT AND SPEEDING UP THE TRANSFORMATION OF OUR ORGANISATION
In 2022, the “ESG regulations and commitments” project was launched within the Bank. The goal was to define and implement the necessary changes and adaptations in Crédit Agricole CIB’s processes in order to comply with new ESG regulations and ensure the steering of the Bank’s commitments, particularly those relating to the Net Zero trajectory. This project involves all business lines. A major awareness-raising and training initiative for employees is also being carried out. For example, “Climate Fresque” workshops are regularly held and a training and certification programme, the “ESG Academy”, was set up.
A simulator to calculate your carbon footprint
The Bank developed a simulator so that employees can calculate their professional carbon footprint in a few minutes. The tool allows them to identify the sources of CO2 emissions linked to their work, transport and consumption habits, and to set their own targets to reduce their carbon footprint.