- Supply chain disruptions due to climate events
- Transformation of skills and potential non-compliance of banking and insurance operations
- Lack of consideration of ESG issues in the group's purchasing policy
- Climate-related risks (physical and transition risks)
- Reputational risks associated with non-compliance with ESG commitments
CIC
Greenhouse gas emissions & sustainability report data
In its 2021 reporting, CIC disclosed greenhouse gas emissions of 7.9K + 4130 + 57930 = 69920 tCO2e/year (2020 office environment). By scope: Scope 1: 7.9K tCO2e/year (2020); Scope 2: 4.1K tCO2e/year (2020); Scope 3: 57.9K tCO2e/year (2020). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
7.9K + 4130 + 57930 = 69920 tCO2e/year (2020 office environment)
2021
Water Usage
152.5K m3/year (2021)
2021
Waste
2.7K tons/year (2020)
2021
Energy Use
111.6M kWh/year (2021)
2021
📊 Emissions by Scope (2021)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 7.9K tCO2e/year (2020) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 4.1K tCO2e/year (2020) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 57.9K tCO2e/year (2020) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced carbon footprint of the group by 21% between 2018 and 2020 (office environment)
- Increased financing of renewable energy projects by 53% between 2018 and 2021
- Stopped financing new oil and gas exploration, production, and infrastructure projects in 2021
- Installed 571 m2 of photovoltaic panels on the roof of CIC Ouest headquarters
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce group's carbon emissions by 20% and the carbon footprint of investment portfolios by 12% by the end of 2022 (compared to 2018)
📅 Medium-term
- Reduce Crédit Mutuel Alliance Fédérale's carbon footprint by 30% by 2023
- Increase financing of projects with high climate impact by 30% by 2023
🔭 Long-term
- Align activities with the trajectory of the Paris Agreement
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionGovernanceSocial ImpactResponsible Business Practices