Crédit Agricole Assurances’ 2030 Carbon Reduction Goals
Key Points
Crédit Agricole Assurances is going further to support a low-carbon economy.
It will reduce the carbon impact of its investment portfolios by 50% by 2030.
No more investment in new oil and gas infrastructure and calling for decarbonisation targets in the sector.
Crédit Agricole Assurances, a major player in renewable energy, is stepping up its role in a low-carbon economy.
New targets to reduce the carbon footprint of its investment portfolios by 50% by 2030 and a new policy for the oil and gas sector.
Since joining the Net Zero Asset Owner Alliance (NZAOA) in 2021, Crédit Agricole Assurances has been working to transition its investment portfolios. The latest target is to reduce the carbon footprint of its equity and bond investments by 50% by 2029 compared to 2019 levels.
This is the next step in the firm’s decarbonisation journey, which includes reducing the carbon footprint of its listed equities and corporate bonds by 25% by 2025 and increasing its investment in renewable energy. By 2023, Crédit Agricole Assurances had reached 13.5 GW of installed renewable energy capacity, enough to power five million French households. The firm is also engaging with the biggest CO2 emitters in its portfolio.
As per NZAOA’s position on oil and gas, Crédit Agricole Assurances will no longer invest in new oil and gas infrastructure and will call for decarbonisation targets in the sector.
Read Crédit Agricole Assurances’ policy on oil and gas here.
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Source: Crédit Agricole Assurances
