Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Crédit Agricole S.A.
  6. News
  7. Summary
    ACA   FR0000045072

CRÉDIT AGRICOLE S.A.

(ACA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

CREDIT AGRICOLE : S.A. continues its carbon offsetting policy, choosing a REDD+ project for the first time

01/16/2012 | 05:13am EST

Paris, the 16 january 2012

For the fourth consecutive year, Crédit Agricole S.A. will offset the 2,655 tonnes of CO2 emissions generated by its operations in the Greater Paris area. Their incompressible greenhouse gas emissions(1) will be offset by purchasing 2,655 Verified Emission Reductions (VERs)(2) issued under the Kasigau Corridor REDD+ (Reduced Emissions from Deforestation and Degradation) project in Kenya. Voted by Crédit Agricole S.A. Group employees, this project has been verified and validated to the internationally recognised Verified Carbon Standard (VCS). It has also been approved by The CarbonNeutral Company, an expert in carbon strategy.
Crédit Agricole S.A. takes a pro-active approach enabling the Group to reduce its ecological footprint, contribute to the economic and social development of an emerging country and promote more environmentally friendly techniques.
An innovative choice: the Kasigau Corridor REDD+ project.
The Kasigau Corridor programme is the first REDD+ project to gain VCS validation for its carbon credits. The REDD+ method is a programme to reduce emissions from deforestation and forest degradation in developing countries. It aims to reduce CO2 emissions by protecting natural carbon sinks that, in the absence of the project, would have been deforested and/or degraded for subsistence agriculture, typically using slash and burn techniques to grow maize. It takes account of the forest's carbon storage capacity as well as good forestry governance and planning practices whilst respecting the rights of the indigenous populations and members of the local communities. The Kasigau Corridor REDD+ project also helps protect biodiversity and ecosystemic services.
In addition, Kenya's Kasigau Corridor is one of Conservation International's Global Hotspots. Conservation International is a not-for-profit organisation that aims to preserve areas with especially high numbers of endemic species, yet facing extreme threats. In addition to a range of plant species, the Kasigau Corridor is also home to several mammal species that are considered endangered, vulnerable or threatened.
An additional activity of the project is a three year reforestation project on the slopes of Mount Kasigau by planting 20,000 indigenous hardwood trees and establishing organic greenhouses and nurseries. In addition, it provides the local population with:
•    fuelwood from sustainably managed greenhouses;
•    construction of 18 classrooms ;
•    a bursary scheme that has already helped dozens of children through secondary and higher education;
•    new jobs thanks to the construction of an eco factory and agroforestry training.
(1) Emissions from energy consumed by computer equipment and heating systems.
(2) The VERs used by Crédit Agricole are carbon credits issued for projects certified to both VCS and CCB (Climate Community and Biodiversity) standards.


© Publicnow 2012
All news about CRÉDIT AGRICOLE S.A.
12/02CREDIT AGRICOLE SA : 2021 capital increase reserved for employees
AQ
11/25Credit agricole s.a. announces the first convening of a general meeting of the bondhold..
AQ
11/25Generali in Exclusive Talks to Buy Unit From Credit Agricole -- Update
DJ
11/25Generali in Exclusive Talks to Buy Insurance Unit From Credit Agricole
DJ
11/24Generali to Purchase Credit Agricole Subsidiary
CI
11/23French Solar Firm Photosol Attracts Bids from Engie, EQT
MT
11/23Generali In Discussions With Credit Agricole Over La Medicale Acquisition
MT
11/19CREDIT AGRICOLE S A : Transcript of the third quarter and first nine months 2021 results
PU
11/19CREDIT AGRICOLE S A : Transcript des résultats du 3e trimestre et des 9 premiers mois 2021
PU
11/17CREDIT AGRICOLE S A : Amendment A04 to the Universal Registration Document 2020 - Financia..
PU
More news
Analyst Recommendations on CRÉDIT AGRICOLE S.A.
More recommendations
Financials
Sales 2021 22 380 M 25 318 M 25 318 M
Net income 2021 5 491 M 6 212 M 6 212 M
Net Debt 2021 - - -
P/E ratio 2021 6,82x
Yield 2021 8,28%
Capitalization 37 257 M 42 056 M 42 149 M
Capi. / Sales 2021 1,66x
Capi. / Sales 2022 1,63x
Nbr of Employees 72 520
Free-Float 38,8%
Chart CRÉDIT AGRICOLE S.A.
Duration : Period :
Crédit Agricole S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CRÉDIT AGRICOLE S.A.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Last Close Price 12,24 €
Average target price 15,25 €
Spread / Average Target 24,6%
EPS Revisions
Managers and Directors
Philippe Brassac Chief Executive Officer
Jérôme Grivet Chief Financial Officer & Deputy General Manager
Dominique Lefèbvre Chairman
Stéphane Priami Deputy General Manager
Martine Boutinet Head-Compliance