Register for real-time alerts, custom portfolio, and market movers
| Name | Symbol | Market | Type |
|---|---|---|---|
| Credit Agricole SA (PK) | USOTC:CRARY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.15 | -2.23% | 6.58 | 6.47 | 6.71 | 6.63 | 6.55 | 6.63 | 236,003 | 21:04:17 |
From Nov 2023 to Nov 2024
By Helena Smolak
Credit Agricole said it aims to achieve carbon neutrality by 2050 and that it won't finance any new fossil fuel extraction projects.
The French lender said Thursday it expects to increase 80% of its exposure to low carbon energies through 2025 totalling 13.3 billion euros ($14.46 billion).
In addition, Credit Agricole aims to triple its annual financing of renewable energy projects between 2020 and 2030 and reduce its funds in the oil and gas sector, it said.
"We will not finance any new fossil fuel extraction projects and we will adopt a selective approach to support energy players engaged in this transition, which will consequently reduce green-house gas emissions of this sector twice as fast as the Net Zero 2050 scenario defined by the International Energy Agency," Philippe Brassac, chief executive officer of Credit Agricole said.
Its climate strategy progress will be reviewed quarterly, the company said.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
December 14, 2023 01:48 ET (06:48 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Credit Agricole (PK) Chart |
1 Month Credit Agricole (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
