ADAPTING TO BIG CHANGES: ENVIRONMENTAL

AN ENVIRONMENTAL IMPERATIVE

• Global commitment to combat climate change and preserve biodiversity
• Growing number of regulatory and fiscal initiatives to reduce greenhouse gas emissions
• Urgent need to limit the scope of climate change and adapt behaviours and business models to the new situation, notably in high CO2 -emitting business sectors such as energy, transport, building and public works, and farming

MAIN SDGS^* CONCERNED

Opportunities

• Development of investment and financing solutions to support institutional customers, corporates, SMEs and small businesses in adopting a low-carbon trajectory
• Additional products and services to help consumers adapt their behaviors to an economy that consumes less energy, in line with the Paris Agreement. These include solutions for green mobility, energy efficiency upgrades and specific insurance
• Financial innovation to address the new business models

Risks

• Higher costs and economic losses due to the consequences of climate change, both directly, related to bank transactions, and indirectly, related to customers’ activities
• Uncertainty over the nature and timetable of the unavoidable transition to a low-carbon economy
• Delays in the deployment of offers in relation to customer needs

OUR ACTIONS

• Definition of our climate strategy in 2019
• New offers of green mobility and housing  loans to finance low-polluting vehicles or work to achieve energy savings in one’s housing
• Continued issuance of Green bonds  in 2019: 
  • €1bn by Crédit Agricole S.A.
  • €1,25bn by Crédit Agricole Home Loan SFH^*

* Housing financing company (Société de financement de l’habitat) of Crédit Agricole Group.