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Reclaim Finance asserts that Crédit Agricole's claim to be a "green bank" is contradicted by its continued support for oil and gas expansion, which violates the International Energy Agency's Net Zero scenario and IPCC findings.

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  • Crédit Agricole has committed to carbon neutrality by 2050 in line with a +1.5°C trajectory and has described itself as a "green bank".
  • Despite its climate pledges, Crédit Agricole provides significant support for the expansion of oil and gas, contradicting the International Energy Agency's Net Zero scenario which requires an immediate end to new fossil fields and infrastructure to limit warming to +1.5°C.
  • The author identifies the Annual General Meeting on May 24th and the strategic plan announcement on June 22nd as key opportunities for the bank to align its policies with IPCC findings and end support for oil and gas expansion.

Cite the original document

APA
admin (2022). Crédit Agricole's AGM: To-do list for a green bank. Reclaim Finance. https://reclaimfinance.org/site/en/2022/05/20/credit-agricoles-agm-to-do-list-for-a-green-bank/
Chicago
admin. Crédit Agricole's AGM: To-do list for a green bank. Reclaim Finance, 2022. https://reclaimfinance.org/site/en/2022/05/20/credit-agricoles-agm-to-do-list-for-a-green-bank/.
Wikipedia
{{cite press release |last1=admin |title=Crédit Agricole's AGM: To-do list for a green bank |publisher=Reclaim Finance |date=20 May 2022 |url=https://reclaimfinance.org/site/en/2022/05/20/credit-agricoles-agm-to-do-list-for-a-green-bank/ |access-date=23 October 2026 |via=Climate Insights Directory}}
BibTeX
@misc{admin2022crdit, author = {admin}, title = {{Crédit Agricole's AGM: To-do list for a green bank}}, publisher = {Reclaim Finance}, year = {2022}, month = may, url = {https://reclaimfinance.org/site/en/2022/05/20/credit-agricoles-agm-to-do-list-for-a-green-bank/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }

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