Paris-based international banking and investment group Crédit Agricole unveiled a series of new sustainable finance commitments and goals, including a new target to achieve a 90/10 green-brown ratio by 2028, with every euro of financing facilitated for fossil fuels matched with 9 euros for low carbon energy.
The new commitments were announced during the bank’s investor day, introducing its new medium-term strategic plan, ACT 2028.
With the release of the new plan, Crédit Agricole confirmed its commitment to its current net zero pathways, including its 2030 decarbonization goals for key sectors, including Oil & Gas, Power, Automotive, Commercial real estate, Cement, Aviation, Maritime transport, Steel.
Alongside the new green-brown commitment, Crédit Agricole also announced new targets to facilitate €240 billion in transition financing by the end of 2028, as well as to reach €1 billion in sustainable finance revenues in corporate and investment banking.
To help achieve its new sustainable finance commitments, Crédit Agricole also unveiled new green business initiatives, including the launch of its new “Climate and Nature Force,” a network of internal expertise aimed at developing innovative solutions for climate and biodiversity, and “CA Capital Nature,” a new program to design nature-based solutions and to protect and create economic value from natural capital, starting with forests.
Eric Campos, Chief Sustainability and Impact Officer at Crédit Agricole, said:
“In 2025, we are taking a decisive step forward, we are willing to move towards an economy that regenerates, rather than simply reducing negative impact. Our 2025 commitments reflect this ambition.”
