Crédit Agricole is one of the major players financing the energy transition and the transition towards a low-carbon economy. Its pre-eminent position, business expertise, economic weight (net banking income of 31.3 billion Euros) and size (138,000 employees) make up several assets to help finance this new economy in a sustainable, dynamic way. Crédit Agricole’s goals are to accelerate the transition towards a low-carbon economy, protect the environment and act as a driving force with substantial impact. The Group has established climate objectives during the COP21 in 2015, the results of which in mid-2017 are as follows:
- 49 billion euros in arrangements supporting the energy transition out of the 60 billion euros announced over three years (2016-2018);
- More than 1.7 billion euros of cash invested in green bonds out of the 2 billion euros planned by Credit Agricole S.A. and Credit Agricole CIB by end-2017;
- 21% increase in renewable energy financing in France in 2016 (514 million euros versus 425 million euros in 2015), compared with a commitment of a 100% increase by 2018;
- 150 million euros of financing out of the 5 billion euros planned by 2020 through specialist fund management companies.
As a long-standing partner of Livelihoods since 2011, Crédit Agricole continues and reinforces its commitment within the fund. Crédit Agricole has renewed its commitment by investing in LCF2 compartment since 2017. Local agency Crédit Agricole Midi-Pyrénées is also supporting LCF2 compartment as it joined the fund in 2020.
Learn more about Crédit Agricole: https://www.credit-agricole.com/