Crédit Agricole : à quand la mise en cohérence entre le discours et les actes ?

Reclaim Finance argues that Crédit Agricole's public commitment to renewable energy is insufficient without a clear plan to reduce fossil fuel financing. The organization highlights that the bank remains a top financier of TotalEnergies and continues to support fossil fuel developers, such as Eni. Reclaim Finance specifically calls for the bank to adopt a 6:1 financing ratio of sustainable to fossil energies by 2030 and to cease its advisory role in the Papua LNG project, which involves opening new gas fields.

• Reclaim Finance identifies Crédit Agricole as the primary financier of TotalEnergies since the COP21 agreement, arguing that the bank's public statements on the urgency of renewable energy lack concrete guarantees on how it will reduce emissions from its financing activities.
• To align with the International Energy Agency's Net Zero Emission by 2050 scenario and the 1.5°C warming limit, Reclaim Finance advocates for a financing ratio of 6 dollars in sustainable energy for every 1 dollar in fossil fuels by 2030. It considers Crédit Agricole's current commitments, including a pledge to triple renewable energy financing in France by 2030 compared to 2020, to be insufficient.
• Despite claims that it will only finance energy companies with a manifest transition trajectory, Crédit Agricole does not publish its analysis criteria and continues to finance fossil fuel developers, as evidenced by a transaction for Eni in early January.
• Crédit Agricole maintains an advisory mandate for the financial structuring of the Papua LNG project in Papua New Guinea. Reclaim Finance argues this contradicts the bank's commitment to stop financing new gas fields, as the project involves opening two new fields and could release over 200 million tonnes of greenhouse gases.

APA

Martin, L. (2024). Crédit Agricole : à quand la mise en cohérence entre le discours et les actes ? Reclaim Finance. https://reclaimfinance.org/site/2024/01/30/credit-agricole-a-quand-la-mise-en-coherence-entre-le-discours-et-les-actes/

Chicago

Martin, Léo. Crédit Agricole : à quand la mise en cohérence entre le discours et les actes ? Reclaim Finance, 2024. https://reclaimfinance.org/site/2024/01/30/credit-agricole-a-quand-la-mise-en-coherence-entre-le-discours-et-les-actes/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Crédit Agricole : à quand la mise en cohérence entre le discours et les actes ? |publisher=Reclaim Finance |date=30 January 2024 |url=https://reclaimfinance.org/site/2024/01/30/credit-agricole-a-quand-la-mise-en-coherence-entre-le-discours-et-les-actes/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2024crdit, author = {Martin, Léo}, title = {{Crédit Agricole : à quand la mise en cohérence entre le discours et les actes ?}}, publisher = {Reclaim Finance}, year = {2024}, month = jan, url = {https://reclaimfinance.org/site/2024/01/30/credit-agricole-a-quand-la-mise-en-coherence-entre-le-discours-et-les-actes/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }