Credit Agricole goes green with new climate-focused business unit

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France’s biggest retail bank also pledges to stop financing new oil extraction projects

06 December 2022 - 17:57A Credit Agricole bank branch in Warsaw, Poland, July 3 2018. Picture: MARCIN GOCLOWSKI/REUTERS

The lender said it would reduce by 25% its exposure to oil exploration and production by 2025 compared with 2020, while no longer financing new projects. It had previously targeted a 20% reduction.

 

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