Usage Interne

2021

CRÉDIT AGRICOLEGREEN BOND REPORTContents

4

Outstanding Crédit Agricole Green Bonds

7

Overview of Crédit Agricole Group Green
Bond Framework

8

Crédit Agricole Green Portfolio

13 Carbon impact reporting
14 Focus on Real Estate and Renewable Energy
Portfolios

15 Methodological Notes

Usage Interne

CREDIT AGRICOLE GREEN BONDS REPORT 2021

Editorial
A pioneer in climate finance for over 10 years and a leader in Green Bonds, Crédit Agricole believes it isimperative to decarbonise our economies, while maintaining value creation. In order to strengthen its action andcommitments in favour of the energy transition, Crédit Agricole adopted in 2019 a Group Climate Strategyaligned with the Paris Agreement.
The objective of this strategy is to enable the gradual reallocation of the loan, investment and asset undermanagement portfolios, so as to make green finance a growth driver for the group. After setting ambitious targets
in 2019 as part of the 2022 Medium Term Plan, which were fully or partially achieved by the end of 2020, theGroup business lines joined in 2021 the relevant international alliances to contribute to carbon neutrality in 2050
including the Net Zero Banking Alliance. In December 2021, Crédit Agricole launched a 10-commitments
programme aimed at strengthening the impact of its actions in a context of accelerating climate transition. This
programme is structured around three areas: acting for the climate and the transition to a low-carbon economy,strengthening cohesion and social inclusion, and making a success of the agricultural and agri-food transitions.
The climate dimension of this programme plan covers strong commitments to contribute to carbon neutrality, tosupport 100% of our clients in their energy transition and to integrate extra-financial performance criteria into
100% of the analysis of our financing to companies and farmers.

“In December 2021, the group launched a 10-commitments
programme plan aimed at strengthening the impact of its
actions in a context of accelerating climate transition.”
The Green Bond market is an essential refinancing channel for Crédit Agricole tocommunicate on our climate commitments, to engage with investors on our long-term
vision and to finance the development of our green lending activities. We believe thatbeing an issuer in the Green Bond market is part of Crédit Agricole's refinancing
strategy to optimise the financing of our environmental and climate commitments.
With a long-term commitment to promote green finance, Crédit Agricole CIB has put inplace a consistent team organisation, from origination to distribution. The bank has also
set up an internal incentive mechanism to support green loan origination.
Crédit Agricole CIB started issuing Green Notes in 2013.
Crédit Agricole S.A. successfully completed a first Green Bond issuance in 2018,
followed by a second Crédit Agricole S.A. Green Bond issuance and a first Green
Covered Bond issued by Crédit Agricole Home Loan SFH in 2019. In March 2021,
Crédit Agricole Italia joined other Group entities in issuing the first Green Covered Bondin Italy.
Crédit Agricole also supports the Green Bond market as an investor, through its own
liquidity portfolio with growing amount allocated to Green Bonds, and through the Crédit
Agricole Group's asset manager, Amundi.
In addition, the Group has decided to integrate the climate issue at the heart of its client
relations thanks to an innovative tool: the "climate transition score". This "climatetransition score" will make it possible to promote dialogue between Crédit Agricole
S.A.'s teams and major corporate clients and issuers on climate issues. It is based on adual approach: an understanding of the client's performance to date on energy/climate
issues and a dynamic view of the intensity and speed of its decarbonisation process.
Common to the entire Group, the Climate Transition Score is already used to rate manylarge corporate clients and issuers.
We are very proud to make available to Crédit Agricole's investors the third Green Bond
report including the allocation and impact reports of Crédit Agricole S.A., Crédit Agricole
Home Loan SFH and Crédit Agricole Italia Green Bonds as well as Crédit Agricole CIB's
Green Notes. We are also pleased with the synergy between the Group's teams andentities that have actively collaborated on this document.

Eric Campos,
CSR, Head of Corporate
Social Responsibility
Crédit Agricole SA

Olivier Belorgey,
Deputy CEO and CFO,CACIB
Head of Treasury andFunding Crédit AgricoleGroupOUTSTANDING CREDIT AGRICOLE GREEN BONDS

4

Crédit Agricole SA,
Crédit Agricole Home Loan SFH
and Credit Agricole Italia
outstanding Green Bonds:
Key figures
IssuerIssuerIssuerIssuerCrédit Agricole SA

Crédit Agricole SA

Crédit Agricole Home
Loan SFH

Credit Agricole Italia

Green Covered Bond

Green Covered Bond

Nominal amount
EUR 1.25bn

Nominal amount
EUR 500mn

Nominal amount
EUR 1bn

Senior Non
Preferred Green
Bond
Nominal amount
EUR 1bn

Date of settlement

Date of settlement

Date of settlement

Date of settlement

21st October 2019

6th December 201915th March 2021

Maturity date

Maturity date

Maturity date

21st October 2025

6th December 2029

15th March 2033

Coupon0.375% Annual
Use of proceeds

Coupon0.05% Annual
Use of proceeds
To finance orrefinance Eligible
Green Assets
included in the SFH
cover pool

Coupon0.125% Annual
Use of proceeds

Second Party Opinion

Second Party Opinion

Vigeo Eiris
Listing

Vigeo Eiris
Listing
Luxembourg Stock
Exchange
ISIN
IT0005437733

Senior PreferredGreen Bond

5th December
2018
Maturity date
5th December
2023
Coupon0.750% Annual
Use of proceeds

To refinanceGreen Assets of
Credit AgricoleGroup

To refinance Green
Assets of Credit
Agricole Group

Second Party
OpinionVigeo Eiris
Listing

Second Party
OpinionVigeo Eiris
ListingEuronext ParisEuronext ParisEuronext ParisISIN
FR0013385515

ISIN
XS2067135421

ISIN
FR0013465010

To finance or refinanceresidential buildings in
Italy in the cover pool

5

OUTSTANDING CREDIT AGRICOLE GREEN BONDS

Outstanding Crédit Agricole CIB Green Notes, as ofJune 2021: eq. EUR 3,312m
ISSUE DATE MATURITY

OUTSTANDING
OUTSTANDING EQ.
AMOUNT
CURRENCY
EURISSUE DATE MATURITY

OUTSTANDING
OUTSTANDING EQ.
OUTSTANDING
OUTSTANDING EQ.
AMOUNT
CURRENCY
EURISSUE DATE MATURITY
AMOUNT
CURRENCY
EUR

30/06/2021

june-26

640 000

EUR

640 000

05/05/2021

may-31

2 011 000

EUR

2 011 000

04/03/2021

mar-3640 000 000

USD

33 627 575

30/06/2021

june-26600 000

EUR

600 000

05/05/2021

avr-26900 000

EUR

900 000

03/03/2021

aug-222 650 000

USD

2 227 827

30/06/2021

june-24

2 400 000

USD

2 017 654

05/05/2021

may-314 000 000

EUR

4 000 000

02/03/2021

mar-25

2 100 000

USD

1 765 448
2 353 930

29/06/2021

aug-2930 000 000

EUR

30 000 000

04/05/2021

may-283 000 000

EUR

3 000 000

02/03/2021

mar-282 800 000

USD

29/06/2021

dec-22

1 314 000 000

JPY

9 993 15504/05/2021

may-2635 000 000

PLN

7 751 423

02/03/2021

dec-25100 000 000

JPY

760 51429/06/2021

june-23

4 410 000 000

JPY

33 538 672

03/05/2021

july-29

30 000 000

EUR

30 000 000

02/03/2021

mar-3143 000 000

TRY

4 136 923

29/06/2021

june-23

1 500 000

USD

1 261 034

28/04/2021

avr-312 000 000

EUR

2 000 000

01/03/2021

avr-2930 000 000

EUR

30 000 000

28/06/2021

dec-22

2 395 000

EUR

2 395 000

28/04/2021

avr-312 000 000

EUR

2 000 000

01/03/2021

feb-25

1 033 000 000

JPY

7 856 111

25/06/2021

june-224 450 000

EUR

4 450 000

28/04/2021

avr-2425 109 000

EUR

25 109 000

26/02/2021

feb-24

2 595 000

USD

2 181 589

24/06/2021

june-24

2 520 000

EUR

2 520 000

27/04/2021

avr-242 460 000

USD

2 068 096

25/02/2021

feb-235 121 000 000

JPY

38 945 927

24/06/2021

dec-22

2 080 000

USD

1 748 634

26/04/2021

avr-36500 000

EUR

500 000

23/02/2021

feb-26

2 100 000

EUR

2 100 000

24/06/2021

dec-22

1 720 000

USD

1 445 986

22/04/2021

july-29

100 000 000

EUR

100 000 000

23/02/2021

feb-271 650 000

EUR

1 650 000

23/06/2021

june-26

1 000 000

EUR

1 000 000

21/04/2021

avr-262 000 000

USD

1 681 379

22/02/2021

dec-307 500 000

EUR

7 500 000

23/06/2021

june-26

900 000

EUR

900 000

21/04/2021

avr-265 225 000

USD

4 392 602

22/02/2021

dec-307 500 000

EUR

7 500 000

22/06/2021

dec-22

1 925 000

EUR

1 925 000

20/04/2021

avr-26

1 500 000

EUR

1 500 000

22/02/2021

feb-23

2 743 000

EUR

2 743 000

21/06/2021

dec-2550 000 000

EUR

50 000 000

15/04/2021

avr-26100 000 000

JPY

760 51422/02/2021

feb-23

1 275 000

USD

1 071 879

21/06/2021

june-24

4 880 000

EUR

4 880 000

14/04/2021

july-29

100 000 000

EUR

100 000 000

17/02/2021

feb-335 000 000

EUR

5 000 000

18/06/2021

june-26

1 086 000

EUR

1 086 000

14/04/2021

avr-272 000 000

GBP

2 326 393

17/02/2021

feb-22

1 170 000

USD

983 607

18/06/2021

june-312 000 000

EUR

2 000 000

14/04/2021

avr-272 000 000

USD

1 681 379

16/02/2021

feb-26

3 450 000

EUR

3 450 000

18/06/2021

june-26

5 995 000

USD

5 039 933

14/04/2021

avr-281 500 000

USD

1 261 034

16/02/2021

feb-25

1 501 000 000

JPY

11 415 317

18/06/2021

june-26

8 488 000

USD

7 135 771

13/04/2021

avr-27500 000

GBP

581 598

12/02/2021

feb-26800 000

EUR

800 000

18/06/2021

june-26

1 810 000

USD

1 521 648

12/04/2021

june-28

60 000 000

EUR

60 000 000

12/02/2021

feb-272 000 000

GBP

2 326 393

18/06/2021

june-24

3 275 000

EUR

3 275 000

12/04/2021

july-3160 000 000

EUR

60 000 000

12/02/2021

feb-272 500 000

USD

2 101 723

18/06/2021

june-26

13 800 000

USD

11 601 513

06/04/2021

june-2960 000 000

EUR

60 000 000

11/02/2021

aug-22

3 050 000

USD

2 564 103

17/06/2021

june-26

13 500 000

TRY

1 298 801

06/04/2021

avr-333 000 000

EUR

3 000 000

10/02/2021

feb-2616 500 000

TRY

1 587 424

17/06/2021

june-26

27 000 000

TRY

2 597 603

06/04/2021

mar-271 000 000

EUR

1 000 000

09/02/2021

feb-288 500 000

USD

7 145 860

17/06/2021

june-26

1 690 000

EUR

1 690 000

06/04/2021

avr-22

1 080 000

EUR

1 080 000

08/02/2021

avr-3130 000 000

EUR

30 000 000

15/06/2021

june-275 000 000

EUR

5 000 000

06/04/2021

avr-262050000

EUR

2 050 000

05/02/2021

feb-291 000 000

EUR

1 000 000

15/06/2021

sept-29

100 000 000

EUR

100 000 000

31/03/2021

mar-312 000 000

EUR

2 000 000

03/02/2021

feb-26150 000 000

USD

126 103 405

14/06/2021

june-27

2 000 000

GBP

2 326 393

30/03/2021

mar-281 650 000

USD

1 387 137

02/02/2021

feb-2815 235 000

USD

12 807 902

11/06/2021

june-27

4 500 000

GBP

5 234 384

26/03/2021

mar-242 100 000

EUR

2 100 000

29/01/2021

jan-25

1 500 000 000

JPY

11 407 712

11/06/2021

june-27

3 000 000

USD

2 522 068

26/03/2021

mar-3612 000 000

AUD

7 578 150

27/01/2021

jan-261 000 000

EUR

1 000 000

10/06/2021

june-25

1 336 000 000

JPY

10 160 468

24/03/2021

mar-314 000 000

EUR

4 000 000

27/01/2021

july-223 556 000 000

JPY

27 043 882

09/06/2021

june-24

3 025 000

USD

2 543 085

24/03/2021

mar-266 700 000

EUR

6 700 000

27/01/2021

jan-24

5 538 000 000

JPY

42 117 271

09/06/2021

june-24

1 630 000

USD

1 370 324

23/03/2021

mar-2850 000 000

USD

42 034 468

25/01/2021

jan-25500 000 000

JPY

3 802 571

04/06/2021

may-26600 000

EUR

600 000

23/03/2021

mar-277 500 000TRY

721 556

22/01/2021

jan-25

4 353 000

USD

3 659 521

04/06/2021

may-26700 000

EUR

700 000

22/03/2021

mar-26900 000

EUR

900 000

21/01/2021

jan-261 000 000

EUR

1 000 000

03/06/2021

june-33

1 000 000

EUR

1 000 000

19/03/2021

mar-26

1 250 000

EUR

1 250 000

14/01/2021

may-2990 896 000

EUR

90 896 000

02/06/2021

june-312 000 000

EUR

2 000 000

19/03/2021

mar-24

1 107 000 000

JPY

8 418 891

14/01/2021

mar-297 235 000

EUR

7 235 000

28/05/2021

aug-3140 000 000

EUR

40 000 000

19/03/2021

sept-22

1 596 000 000

JPY

12 137 805

14/01/2021

jan-31

1 500 000 000

JPY

11 407 712

28/05/2021

aug-3130 000 000

EUR

30 000 000

19/03/2021

mar-24

4 709 000 000

JPY

35 812 609

14/01/2021

jan-268 200 000TRY

788 902

28/05/2021

dec-222 125 000

USD

1 786 465

18/03/2021

mar-272 025 000

USD

1 702 396

14/01/2021

jan-2918 500 000

TRY

1 779 839

27/05/2021

nov-22

1 349 000 000

JPY

10 259 335

18/03/2021

mar-241 600 000

EUR

1 600 000

13/01/2021

jan-2630 000 000

SEK

2 957 122

27/05/2021

may-232 935 000 000

JPY

22 321 089

17/03/2021

mar-2650 838 000

EUR

50 838 000

11/01/2021

jan-272 000 000

USD

1 681 379

27/05/2021

may-25805 000 000

JPY

6 122 139

17/03/2021

mar-24

1 940 000

EUR

1 940 000

11/01/2021

jan-272 000 000

GBP

2 326 393

25/05/2021

may-2650 000 000

JPY

380 257

15/03/2021

dec-2550 000 000

EUR

50 000 000

07/01/2021

avr-2770 000 000

EUR

70 000 000

20/05/2021

may-263 000 000

EUR

3 000 000

15/03/2021

mar-242 190 000

EUR

2 190 000

06/01/2021

avr-3130 000 000

EUR

30 000 000

19/05/2021

may-312 000 000

EUR

2 000 000

12/03/2021

mar-272 000 000

USD

1 681 379

04/01/2021

dec-2530 000 000

EUR

30 000 000

19/05/2021

may-29500 000

EUR

500 000

12/03/2021

mar-272 000 000

GBP

2 326 393

04/01/2021

jan-22850 000

USD

714 586

14/05/2021

avr-271 000 000

EUR

1000 000

11/03/2021

mar-24780 000

USD

655 738

17/12/2020

dec-253 800 000

AUD

2 399 747

14/05/2021

may-272 000 000

GBP

2 326 393

09/03/2021

mar-26

2 100 000

EUR

2 100 000

17/12/2020

dec-303 800 000

AUD

2 399 747

14/05/2021

may-272 500 000

USD

2 101 723

09/03/2021

mar-24670 000

EUR

670 000

14/12/2020

feb-31

7 922 000

EUR

7 922 000

10/05/2021

may-23

1 325 000

EUR

1 325 000

08/03/2021

mar-2611 000 000

USD

9 247 583

14/12/2020

dec-262 000 000

USD

1 681 379

10/05/2021

nov-222 150 000

USD

1 807 482

08/03/2021

dec-26300 000 000

JPY

2 281 542

14/12/2020

dec-262 000 000

GBP

2 326 393

07/05/2021

oct-2950 000 000

EUR

50 000 000

08/03/2021

mar-277 700 000TRY

740 798

11/12/2020

dec-305 000 000

EUR

5 000 000

07/05/2021

oct-2950 000 000

EUR

50 000 000

08/03/2021

mar-31

22 000 000

TRY

2 116 565

09/12/2020

dec-301 200 000

EUR

1 200 000

07/05/2021

dec-2530 000 000

EUR

30 000 000

05/03/2021

mar-26500 000

EUR

500 000

07/12/2020

dec-2524 300 000

EUR

24 300 000

07/05/2021

may-2610 000 000

SEK

985 707

05/03/2021

mar-22692 000

EUR

692 000

03/12/2020

dec-252 700 000

USD

2 269 861

07/05/2021

may-272 000 000

GBP

2 326 393

05/03/2021

dec-302 000 000

EUR

2 000 000

03/12/2020

dec-303 800 000

AUD

2 399 747

06/05/2021

may-277 000 000

EUR

7 000 000

05/03/2021

mar-24400 000 000

JPY

3 042 056

27/11/2020

nov-21

1 790 000 000

JPY

13 613 203

OUTSTANDING CREDIT AGRICOLE GREEN BONDS

6

Outstanding Crédit Agricole CIB Green Notes, as ofJune 2021: eq. EUR 3,312m
ISSUE DATE MATURITY

OUTSTANDING
OUTSTANDING EQ.
AMOUNT
CURRENCY
EURISSUE DATE MATURITY

OUTSTANDING
OUTSTANDING EQ.
AMOUNT
CURRENCY
EURISSUE DATE MATURITY

OUTSTANDING
OUTSTANDING EQ.
AMOUNT
CURRENCY
EUR

27/11/2020

nov-23

189 100 000

INR

2 139 140

09/06/2020

june-25

200 000 000

JPY

1 521 028

20/12/2019

dec-26550 000

EUR

550 000

24/11/2020

nov-22

1 350 000

EUR

1 350 000

09/06/2020

june-30

100 000 000

JPY

760 514

19/12/2019

dec-26800 000

EUR

800 000

12/11/2020

jan-2910 382 000

EUR

10 382 000

05/06/2020

june-30

10 000 000

USD

8 406 894

19/12/2019

dec-22900 000

USD

756 620

12/11/2020

no-25

1 700 000

USD

1 429 172

04/06/2020

june-30

10 000 000

USD

8 406 894

13/12/2019

dec-24500 000

EUR

500 000

09/11/2020

jan-2911 380 000

EUR

11 380 000

14/05/2020

may-328 000 000

EUR

8 000 000

11/12/2019

dec-224 530 000

USD

3 808 323

03/11/2020

may-22

1 000 000

EUR

1 000 000

03/04/2020

avr-302 000 000

EUR

2 000 000

10/12/2019

dec-22800 000

EUR

800 000

EUR

1 000 000

06/12/2019

dec-24500 000

EUR

500 000

05/12/2019

dec-2210 305 000

USD

8 663 304

29/11/2019

nov-29100 000 000

EUR

100 000 000

26/11/2019

nov-2410 000 000

SEK

985 707

25/11/2019

dec-29500 000

EUR

500 000

20/11/2019

nov-24300 000

EUR

300 000

20/11/2019

nov-272 500 000

EUR

2 500 000

20/11/2019

jan-30500 000

EUR

500 000

20/11/2019

jan-30500 000

EUR

500 000

15/11/2019

oct-292 000 000

EUR

2 000 000

04/11/2019

dec-2326 834 000

EUR

26 834 000

31/10/2019

oct-26750 000

EUR

750 000

31/10/2019

oct-29500 000

EUR

500 000

31/10/2019

oct-29300 000

EUR

300 000

29/10/2020

oct-21

1 993 000 000

JPY

15 157 046

20/03/2020

mar-23

2 590 000

EUR

2 590 000

16/03/2020

mar-301 000 000

EUR

1 000 000

29/10/2020

may-22

1 164 000

EUR

1 164 000

28/10/2020

oct-24

1 300 000

EUR

1 300 000

28/10/2020

dec-251 000 000

USD

840 689

27/10/2020

oct-259 430 000TRY

907 237

27/10/2020

oct-2220 000 000

TRY

26/10/2020

oct-23106 000 000

26/10/2020

oct-22

1 520 000

23/10/2020

oct-28500 000

22/10/2020

dec-3022/10/2020

oct-26

21/10/2020

27/03/2020

dec-241 000 000

13/03/2020

mar-302 000 000

EUR

2 000 000

13/03/2020

jan-302 000 000

EUR

2 000 000

1 924 150

12/03/2020

mar-253 000 000

USD

2 522 068

INR

1 199 095

12/03/2020

mar-25

3 070 000

USD

2 580 916

USD

1 277 848

11/03/2020

mar-303 000 000

EUR

3 000 000

EUR

500 000

11/03/2020

mar-23277 000

EUR

277 000

1 800 000

USD

1 513 24106/03/2020

june-30

3 116 000

EUR

3 116 000

5 000 000

GBP

5 815 982

06/03/2020

june-30

3 245 000

EUR

3 245 000

oct-28

1 272 000

EUR

1 272 000

06/03/2020

mar-23500 000

EUR

500 000

21/10/2020

jan-2960 000 000

EUR

60 000 000

04/03/2020

mar-254 000 000

EUR

4 000 000

21/10/2020

avr-22

2 070 000

USD

1 740 227

04/03/2020

mar-254 000 000

EUR

4 000 000

25/10/2019

nov-27700 000

EUR

700 000

21/10/2020

oct-212 000 000

USD

1 681 379

03/03/2020

mar-23

1 000 000

USD

840 689

11/10/2019

oct-272 000 000

EUR

2 000 000

20/10/2020

oct-22

1 200 000

EUR

1 200 000

02/03/2020

mar-23

2 825 000

EUR

2 825 000

10/10/2019

oct-223 000 000

USD

2 522 068

02/03/2020

feb-252 080 000

EUR

2 080 000

08/10/2019

sep-24500 000

EUR

500 000

02/03/2020

feb-25800 000

EUR

800 000

03/10/2019

oct-24300 000

EUR

300 000

13/09/2019

sep-24300 000

EUR

300 000
750 000

16/10/2020

oct-21

1 850 000

USD

1 555 275

16/10/2020

oct-23

1 000 000

USD

840 689

02/03/2020

feb-25

4 445 000

EUR

4 445 000

28/02/2020

feb-255 000 000

EUR

5 000 000

13/09/2019

sep-24750 000

EUR

25/07/2019

july-24

100 000 000

JPY

760 51429 780 000

PLN

6 595 354

15/10/2020

oct-21

1 150 000

USD

966 79307/10/2020

oct-2519 835 000

PLN

4 392 842

02/10/2020

oct-25

1 110 000

EUR

1 110 000

28/02/2020

feb-236 470 000

USD

5 439 260

01/10/2020

mar-233 000 000

CHF

2 738 226

28/02/2020

feb-23

1 100 000

EUR

1 100 000

19/07/2019

aug-22

18/09/2020

sep-281 000 000

EUR

1 000 000

27/02/2020

feb-25650 000

EUR

650 000

17/07/2019

july-25

5 250 000

SEK

517 496feb-2350 000USD

04/07/2019

july-3130 000 000

EUR

30 000 000

27/02/2020

42 03427/02/2020

feb-235 890 000

USD

4 951 660

27/02/2020

feb-22200 000

USD

168 138

16/09/2020

sep-30580 000

EUR

580 000

15/09/2020

sep-30112 000 000

USD

94 157 209

14/09/2020

nov-2925 119 000

EUR

25 119 000

07/09/2020

nov-2817 389 000

EUR

17 389 000

26/02/2020

feb-25

1 105 000USD

928 96204/09/2020

jan-2931 000 000

EUR

31 000 000

25/02/2020

feb-23750 000

USD

630 51704/09/2020

jan-2920 000 000

EUR

20 000 000

25/02/2020

feb-25562 000

USD

472 467

04/09/2020

dec-2514 615 000

EUR

14 615 000

24/02/2020

dec-24

11 279 000

EUR

11 279 000

04/09/2020

dec-25

1 188 000

EUR

1 188 000

24/02/2020

feb-23550 000

USD

462 379

31/08/2020

aug-23

3 680 000

EUR

3 680 000

24/02/2020

feb-23

1 430 000

USD

1 202 186

31/08/2020

aug-23

1 610 000

EUR

1 610 000

20/02/2020

feb-25500 000

EUR

500 000

25/08/2020

june-25

1 000 000

USD

840 689

18/02/2020

aug-21830 000

USD

21/08/2020

aug-23500 000

EUR

500 000

18/02/2020

feb-23

1 0790 000

20/06/2019

june-25

1 050 000

EUR

1 050 000

07/05/2019

may-2513 150 000

SEK

1 296 205

06/05/2019

may-2610 000 000

SEK

985 707

25/04/2019

avr-31

209 500 000

EUR

209 500 000

27/03/2019

avr-2334 820 000

PLN

7 711 558

21/03/2019

mar-2512 710 000

SEK

1 252 834

21/03/2019

mar-2419 680 000

SEK

1 939 872

13/02/2019

feb-24

12 660 000

SEK

1 247 905

13/02/2019

feb-2518 610 000

SEK

1 834 401

22/01/2019

jan-313 750 000

EUR

3 750 000

697 772

09/01/2019

jan-2365 820 000

PLN

14 577 105

USD

9 071 038

21/12/2018

dec-2530 000 000

SEK

2 957 122

20/12/2018

jan-29500 000

EUR

500 000SEK

3 097 092

19/08/2020

aug-232 445 000

EUR

2 445 000

17/02/2020

feb-30200 000

EUR

200 000

14/08/2020

oct-301 000 000

EUR

1 000 000

14/02/2020

dec-24

4 660 000

EUR

4 660 000

18/12/2018

dec-2431 420 000

05/08/2020

aug-2626 390 000

TRY

2 538 916

14/02/2020

feb-26200 000

EUR

200 000

18/12/2018

dec-2324 120 000

SEK

2 377 526

03/08/2020

oct-3021 660 000

EUR

21 660 000

10/02/2020

feb-282 000 000

EUR

2 000 000

11/12/2018

dec-303 750 000

EUR

3 750 000

23/11/2018

nov-2310 000 000

SEK

985 707SEK

6 798 423

27/07/2020

july-25

6 990 000

USD

5 876 419

07/02/2020

feb-25500 000

EUR

500 000

27/07/2020

july-25

20 280 000

AUD

12 807 073

07/02/2020

feb-23

1 000 000

USD

840 689

12/11/2018

nov-2368 970 000

24/07/2020

july-28

1 250 000

EUR

1 250 000

28/01/2020

jan-251 000 000

EUR

1 000 000

12/11/2018

nov-2439 800 000

SEK

3 923 115

1 000 000

31/10/2018

oct-25

8 138 000

USD

6 841 530

28/09/2018

june-23

4 450 000

GBP

5 176 224

27/09/2018

sep-213 000 000NOK

294 427

27/09/2018

sep-2330 950 000

SEK

3 050 764

17/08/2018

aug-26

1 200 000

EUR

1 200 000

17/08/2018

aug-23

1 300 000

EUR

1 300 000

11/07/2018

june-232750000

EUR

2 750 000

21/06/2018

june-25

13 000 000

SEK

1 281 419

21/11/2017

nov-228 797 4000

USD

73 958 806

16/12/2016

dec-2710 000 000

EUR

10 000 000

29/11/2016

nov-275 000 000

EUR

5 000 000

18/11/2016

nov-275000000

EUR

5 000 000

09/09/2016

sep-2712 000 000

EUR

12 000 000

24/07/2020

july-30

1 000 000

EUR

21/07/2020

july-26

10 190 000

TRY

980 354

aug-2825 500 000

EUR

25 500 000

26/06/2020

dec-248 192 000

EUR

26/06/2020

june-23

150 000

EUR

25/06/2020

june-25385 0000

19/06/2020

oct-3018/06/2020

june-30

17/06/2020
15/06/2020

29/06/2020

27/01/2020

jan-23

1 520 000

USD

1 277 848

24/01/2020

jan-285142000

EUR

5 142 000

EUR

2 000 000

24/01/2020

jan-282 000 000

81 92 000

22/01/2020

jan-235 172 000

EUR

5 172 000

150 000

21/01/2020

jan-232 150 000

USD

1 807 482

USD

3 236 654

20/01/2020

jan-25

1 350 000

EUR

1 350 000

1 000 000

EUR

1 000 000

16/01/2020

jan-27100 000

EUR

100 000

250 000 000

ZAR

14 649 954

06/01/2020

jan-281 000 000

EUR

1 000 000

june-23900 000

USD

756 620

27/12/2019

dec-22

1 922 000

USD

1 615 805

june-26

3 918 000

EUR

3 918 000

27/12/2019

dec-22500 000

USD

420 345

11/06/2020

oct-2830 266 000

EUR

30 266 000

24/12/2019

dec-21

1 150 000

USD

966 793

10/06/2020

june-23500 000

USD

420 345

23/12/2019

dec-24500 000

EUR

500 000

7

CREDIT AGRICOLE GROUP GREEN BOND FRAMEWORK

Overview of Crédit Agricole
Group Green Bond Framework
Launched in
November 2018, theCrédit Agricole
Group Green Bond
Framework
completed by theGreen Real Estate
Appendix serves as
the reference
document for theGreen Bondissuances of all
Crédit Agricole
Group entities:
Crédit Agricole S.A.,
the Crédit Agricole
Regional banks,
their subsidiaries
and refinancing
vehicles. In
particular, thisGreen Bond
Framework replaces
the one publishedby Crédit Agricole
CIB in 2013 and now
serves as thereferenceframework for all
new Crédit Agricole
CIB Green Notes
issues.

4
Reporting3

Managementof Proceeds

Annual report published on>theGroup’s website detailing:

Agricole’s Treasury and>CréditMedium/Long Term Funding team incharge of monitoring the allocation of
the proceeds to the Eligible Green
Assets on a nominal equivalence basis
process monitored through>Allocation
an internal information system until
maturity
to keep 30% buffer>Commitment
between the Green Portfolio and theGreen Bonds outstanding

1

allocation of the> The
Green Bond proceeds
environmental> The
impact of the Eligible
Green Assets by
eligibility criteria andissuing entity

Process for ProjectEvaluation and Selection
Use of Proceeds
Eligible projects categories:
energy>Renewablebuildings>Greenefficiency>Energytransportation>Cleanand water>Wastemanagement
agriculture and>Sustainable
forest management

Green Assets comply with
>Eligible
Crédit Agricole standard credit

2

process including the Group’s CSR
policy and Sector Policies as well as
any applicable environmental andsocial regulatory directives
Green and Social Bond
>The
Committee is in charge of theevaluation and selection of theeligible assets

Crédit Agricole Green Bond Framework aligns with the 2018 edition of theGreen Bond Principles (“GBP”) and follows its four core components, Use ofProceeds, Process for Project Evaluation and Selection, Management ofproceeds and Reporting.
The Crédit Agricole Group Green Bond Framework and its Green Real Estate
Appendix have each been reviewed by Vigeo Eiris which delivered positive
second opinions available at:https://www.credit-agricole.com/en/finance/finance/debt

Crédit Agricole Italia has also published an annex to the Group’s Green Bond
Framework and a dedicated Second Party Opinion for its Green Covered
Bond in March 2021.
https://gruppo.credit-agricole.it/documents-on-the-first-covered-bond-programme

8

CREDIT AGRICOLE GREEN BONDS

Crédit Agricole SA* Green Portfolio, as of June 2021 :A diversified portfolio
As of today, the Green Portfolio isconcentrated on

Crédit Agricole
CIB

70%

Regional banks

27%

LCL

2%

CAL&F

1%

Almost half of the Group’s Green
Portfolio finances

France based
assetsBreakdown by Subsidiaries

CR
27%

CAL&F
1%
LCL
2%

CACIB
70%

Breakdown by Regions
MEA
2%

48%

Americas12%
Asia
Pacific
10%

The remaining half is split between

Europe excl. France 28%
Americas12%

Asia Pacific

10%

MEA

2%

Renewable energy is the largest asset
category (49%) followed by

France48%
Europe28%

Breakdown by Eligible Categories
Waste and Water Management
3%

Green Buildings

33%

Clean
transportation

12%

Water and waste
management

3%

Energy efficiency

3%*Crédit Agricole CIB, Regional banks, LCL, CAL&F

Clean
Transportation
12%

Green
Buildings
33%
EnergyEfficiency
3%

Renewable
Energies
49%

9

CREDIT AGRICOLE GREEN BONDS

SFH Green Portfolio, as of June 2021 :SFH Green Cover pool is composed of homeloans exclusively financing new housing
belonging to the local top 15% of most energy
efficient buildings.

Breakdown by year of first drawing(% of outstanding amount)
2021
0,01%

2020
1%
2019
13%

Originated by the Crédit Agricole Regional
Banks and LCL, Eligible Green home loans
finance properties 100% located in France.

2017
56,99%

2018
29%

Crédit Agricole Italia Green Portfolio, as of June 2021 :Crédit Agricole Italia Green Cover pool iscomposed of residential loans exclusively
financing new housing belonging to the local
top 15% of most energy efficient buildings.
Eligible Green residential loans
properties 100% located in Italy.

Breakdown by year of first drawing(% of outstanding amount)2015 & before
<1%
2016
6%

finance

In Italy, Residential buildings with A, B, or C EPC
or built after 2015 (in absence of EPC) strictly
belong to the top 15% of the most carbon
efficient buildings in Italy, see appendix
Eligibility criteria for Italian Green Residential
Real Estate (March 2021) for more details.

2017
11%

2020
36%

2018
24%
2019
23%

CREDIT AGRICOLE GREEN BOND PORTFOLIO

10

MEA
2%

26%

Europe excl. France 40%
Asia Pacific14%

Americas

18%

MEA

2%

The CACIB Green Portfolio
is concentrated in:Green Building

38%

Renewable
Energy36%

Clean
Transportation

17%

Water andmanagement

5%

Energy efficiency

4%

Renewable energy ismainly wind (51%)
followed bySolar (including
photovoltaic andthermosolar
power)

41%

Other

8%

Americas18%

France26%

Asia
Pacific14%

Europe40%

Breakdown by Eligible Categories

Real
Estate38%

Water,
Sewerag
e and
Waste
5%

EnergyEfficienc
y4%

Focus on Crédit Agricole CIB Green
Portfolio

FranceBreakdown by Regions

Cleantransport
ation
17%

Renewableenergy36%

Breakdown by Renewable Energy

Solar
41%

Other
8%

Wind
51%

Focus on Crédit Agricole CIB Green
Portfolio

As of today, the Green
assets in CACIB Green
Portfolio are located in:

Focus on Crédit Agricole CIB Green
Portfolio

Focus on Crédit Agricole CIB
Green Portfolio, as of June 2021 :EXAMPLES OF ELIGIBLE ASSETS

11

Example of Eligible Assets

SUPPORTING AN AFFORDABLE
GREEN HOUSING PROJECT:Real estate company
dedicated to affordable andgreen residential assets

Asset: 10,000 new

intermediate
housing units
identified, underdevelopment or
under construction

Locations:Région Îlede-France,
FranceDescription: Foncière Cronos isarealestatecompany
dedicated to develop andholdaffordable
residential
assets(«logement
intermédiaire ») in the Île-deFrance region. It
has beencreated in 2020 as the result ofa partnership between In'li and
AXA IM - Real Assets.
Foncière Cronos offers housing
located in tense areas of Île-deFrance (zones A and A bis) ataffordable rents to middle-classemployees
andyoung
professionals. It is committed to
manage the existing assets aswell as developing new assets
while taking into account ESG
objectives.
Timing under development
or under construction in Ilede-France within 10 years

SUPPORTING GREEN
COLLECTIVE HOUSINGPROJECT:
Real estate to support green
collective housing units

Asset: 300 green
collective
dwellings, 9buildings

Locations:
Clamart (92),FranceDescription: The complex will
eventuallycomprise300
collective
dwellings
in9
buildings(including
socialhousing), 4 houses, 2 tennis
courts, a public car park and 6
shops, spread over a floor areaof 21,850 m².
The project must be certified by
CERQUAL "NF HABITAT" by the
QUALITEL association, and its
energyperformance
must
meet
RT
2012
10%
requirements.
Timing: The project iscurrently underconstruction, with delivery
expected in Q2 2023.

12

EXAMPLES OF ELIGIBLE ASSETSSUPPORTING THE RENEWABLE
ENERGY ALL AROUND THE
WORLDDevelop renewable energy
assets in France, USA, UK,
CanadaAsset:
Wind, solar
energy andstorageplants/facilities

Locations:France, USA,
UK, Canada

Description: At the end of
November 2019, Boralex
reached an importantmilestone in its history bycompleting the largest
refinancing transaction in thegreen energy industry inFrance, again with Crédit
Agricole at its side. The aim of
this refinancing is to group
together all of its assets, whichwere previously financed
individually and spread oversome thirty credit
agreements. The idea is torelease additional financial
resources to support thedevelopment of future
operations. Boralex's French
fleet consists of 61 facilities,
with a capacity of 1,014 MW
corresponding to the annual
consumption of 500,000
homes.

Timing: constructed andunder construction of
additional projects

DEVELOP PHOTOVOLTAIC
POWER PLANT PROJECTS

Supporting photovoltaic
power plants in France

Asset: 6
photovoltaic
power plants

Locations:RégionNouvelleAquitaine,FranceDescription:
Cap Vert Energie wasfinanced by Unifergie for thedevelopment of 6
photovoltaic power plants
with a unit capacity of
between 1 and 6.6 MWp. The
financed park is made up ofground-mounted plants, carpark shades and the roofs ofagricultural buildings. Locatedin the South of France and in
the Nouvelle-Aquitaine
region, these plants illustrate
CVE's expertise in developing,financing, building andoperating long-term solar
energy production facilities
with added value.
The financing was provided
by Unifergie, a subsidiary of
Crédit Agricole Leasing &Factoring specialised in thefinancing of renewableenergy.
Timing: under development

CARBON IMPACT REPORTING

13

Carbon Impact Reporting:Crédit Agricole Green Bond report is focused on the assessment of Eligible Green Asset contribution
to climate change mitigation (expressed in tonnes of annual avoided eq.CO2 emissions), using therecommendation of European Commission Technical Expert Group (TEG) working on the EU
Taxonomy of Sustainable Activities as guidelines.
Depending on the granularity of available environmental data related to Eligible Green Assets,
Crédit Agricole applied a three levels methodological approach: a project based approach when
feasible especially for project finance assets, a corporate based approach for corporate financeassets and a sectoral approach for highly granular asset portfolio such as Crédit Agricole regionalbanks retail loan portfolio. The following section (‘Methodological notes’) introduces in details themain assumptions and emission factor sources used for this calculation.
Carbon impact of each Crédit Agricole Green Bonds is estimated on a pro rata basis of theircontribution to refinance the overall Green Portfolio, as defined in the Crédit Agricole Green Bond
Framework. Orders of magnitude (with limited significant digits) are presented in the table below
accordingly to the data accuracy.
Crédit Agricole SA Green Bond impact reporting: 346 t. avoided CO2e emissions/€m annually*

Eligible Green Category
Renewable Energy
Energy Efficiency
Green Building
Clean transportation
Waste and water management
Total

Allocation
(€m)
1 093
44
619
193

Carbon impact intensity(tCO2e/€m.y)
517
125
37
455

Carbon impact(tCO2e/y)564 600
5 400
22 90087 700

51
2 000

220

11 400346

692 000

Crédit Agricole CIB Green Notes impact reporting: 444 t. avoided CO2e emissions/€m annually*

Eligible Green Category

Allocation Carbon impact intensity
Carbon impact(€m)(tCO2e/€m.y)(tCO2e/y)
1 193
958
1 142 500
Renewable Energy
129
125
16 100
Energy Efficiency
1 267
16
20 300
Green Building
569
455
259 300
Clean transportation
Due to rounding, the data presented in the tables do not represent the precise tCO2e/y impact indicators.
154
220
33 800Waste and water management3500Water management
18
185
3 300
Wastewater management101
303
30 500Waste to energy
3 312
444
1 472 000
Total
Crédit Agricole Home Loan SFH Green Bond impact reporting: 11 t. avoided CO2e emissions/€m annually

Eligible Green Category
Green Building
Total

Allocation
(€m)
1 250
1 250

Carbon impact intensity(tCO2e/€m.y)
11
11

Carbon impact(tCO2e/y)
14 31014 310Crédit Agricole Italia Green Bond impact reporting: 7 t. avoided CO2e emissions/€m annually

Eligible Green Category
Green Building
Total

Allocation
(€m)
764
764

Carbon impact intensity(tCO2e/€m.y)7
7

Carbon impact(tCO2e/y)
5 583
5 583

* Due to rounding, the data presented in the tables do not represent the precise tCO2e/y impact indicators but to the nearest hundred.

FOCUS ON CREDIT AGRICOLE REAL ESTATE PORTFOLIO

14

Focus on Crédit Agricole Real Estate portfolio:
Real Estate is one of the main Eligible Green Categories financed by CASA Green Bonds, CACIB Green
Notes, the SFH Green Covered Bond and CA Italia Green Covered Bond. All in all, €3,900m of Real
Estate loans are refinanced through Green Bonds issued by the Crédit Agricole group entities. However
the composition of each Real Estate subportfolio varies and leads to different carbon impacts asfollow:----

CASA Green Bonds: CASA Green Bonds refinance CACIB real estate portfolio and loans dedicatedto energy refurbishment (“Eco-PTZ” and “Prêts Economie d’Energie”) in the French retail residential
segment granted by the Crédit Agricole Regional Banks. Given that refurbishment measures are
directly tracked towards works targeting reduction in energy consumption, this enables this portfolio
to have a higher impact intensity with 37 tCO2e/€m and a high intensity of energy savings with 248
MWh/€m.
CACIB Green Notes: CACIB has a diversified real estate portfolio with a tilt towards commercial
assets. Such assets having a higher energy consumption on average, the final impact intensity isslightly less important with 16 tCO2e/€m, as well as the intensity of energy savings 104 MWh/€m
Green Covered Bond SFH: The Green Covered Bond refinanced a large portfolio of new residential
properties in France. Given France low-energy mix and relatively small energy consumption per
square meter of existing buildings, this portfolio is characterized by small impact intensity of 11
tCO2e/€m.y and intensity of energy savings of 78 MWh/€m.y
Green Covered Bond Credit Agricole Italia: The Green Covered Bond refinanced a large portfolioof new residential properties in Italy. Given Italy relatively small energy consumption per square
meter of residential buildings, this portfolio is characterized by small impact intensity of 7 tCO2
tCO2e/€m.y.

Entities

Allocation(€m)

Carbon impact
Carbon impact
intensity(tCO2e/y)(tCO2e/€m.y)

Energy impact
intensity(MWh/€m.y)

Energyimpact(MWh/y)

CASA

619

37

22 900248

153 400

CACIB

1 267

16

20 300104

131 810

SFH

1 250

11

14 31078

97 400

CAI

764

7

5 583

105

80 420Focus on Crédit Agricole Renewable Energy portfolio:
CACIB and CASA Renewable Energy portfolios showing different Carbon impact intensities (958tCO2e/€m.y v. 517 tCO2e/€m.y) while having fairly similar Energy intensity (2 586 MWh/€m.y v. 2 433
MWh/€m.y) is linked to the geographical repartition of both portfolios. CASA is mostly focused on
French assets installed in an electric grid with an already low carbon-intensity while CACIB finances
assets around the world, including in countries with carbon-intensive energy grid.

Allocation(€m)

Carbon impact
intensity (tCO2e/€m.y)

Carbon impact(tCO2e/y)Energy intensity(MWh/€m.y)

Energy Output
(MWh)

CASA

1 093

517

564 600

2 433

2 659 230

CACIB

1 193

958

1 142 500

2 586

3 084 275

Entities

15

METHODOLOGICAL NOTES

Methodological Notes
General remarks
Crédit Agricole developed a threelevelsmethodologicalapproachdepending on figures and data
available in its internal credit system:---

A project-based approach basedon the Crédit Agricole knowledgeof underlying assets. This approachhas been used particularly forassessing carbon impact of project
finance assets;
A corporate-based approach forcorporateloans
financingenvironmental activities, such as
public transportation operators;
A sectoral approach for very highgranularity portfolio such as retailbank portfolio of solar PV loans.

The three level methodologies give aninteresting view on the availability andthe quality of data (‘Activity data’) in
the current system of the bank. It also
indicates where would be the next
priorities to improve the system forassessing environmental impact of ourlending activities. The Green Bond
Committee and its related Green
Project Committee are in charge ofadvising the Crédit Agricole Group
entities on the most relevant way to doit. The following table shows how
frequently the different methodologies
have been used (in terms of loan
amount) for providing the figures of this
Crédit Agricole 2021 Green Bond
report.

Eligible Category

Project-based
approachCorporate-based
approach

Sectoralapproach

Clean transportation

5,7%

3,0%

3,4%

Infrastructure

5,4%

2,1%

0,0%

Rolling stock

0,3%

0,8%

3,4%

Renewable energy

22,0%

2,6%

24,3%

Wind

11,9%

0,9%

2,9%

Solar

9,3%

1,2%

13,3%

Other inc. Biomass

0,8%

0,5%

7,3%

Energy Efficiency

2%

0%

1%

Real Estate

19%

8%

6%

Water, Sewerageand Waste

3%

0%

0%

Waste and water

0,2%

0,1%

0,0%

Waste to energy

2,1%

0,0%

0,0%

Water management

0,7%

0,0%

0,0%

Total

51%

14%

35%

The EIB methodology for assessing project GreenHouse Gas (GHG)
emissions, “EIB Project Carbon Footprint Methodologies”, has been used
as a benchmark. This document contains the guidelines for assessing the
GHG emissions for numerous kind of environmental projects, as well as
default values of emission factors (‘Emission factor’) needed for the
calculation:
Carbon impact (tCO2/y) = Effective emissions – Baseline emissions= (Activity data x Emission Factor) – Baseline emissions
When necessary, factors and values from EIB methodology arecomplemented by other public sources such as IEA, IRENA, etc.
Available at:https://www.eib.org/attachments/strategies/eib_project_carbon_footprin
t_methodologies_en.pdf
https://ec.europa.eu/energy/data-analysis/energy-statisticalpocketbook_fr
https://ec.europa.eu/energy/eu-buildings-database_fr
https://www.eia.gov/totalenergy/data/annual/

Renewable energy:

Green buildings:

Following the EIB guidelines, the carbon impact of renewableenergy projects is assessed against country-specific baselines
for either intermittent electricity generation (used for solar andwind electricity generation) and firm electricity generation(used for biomass, geothermal, hydro and facilities for which
the technology is unknown)

GHG emissions due to energy demand of new Green
Buildings are compared to local average of the same type ofbuildings (offices, residential, etc.) from the EU energy
statistical pocketbook, the EU Building Database, the US EIA
Annual Energy Review as well as national database whenavailable. For new building construction, activity data are thearea (m²) of Green Buildings. Energy performance (kWh/m².y)
Activity datas are the energy produced annually by theis estimated based on the year of construction and therenewable energy assets (expressed in MWh). It is derived:building standards that were in place at that time, and theFrom project documentation in the case of project-based level of environmental certification (such as LEED, BREEAM,etc.) as proxy. It is derived:
approach;
From the renewable energy construction cost (source: -From project documentation in the case of project-based
IRENA, Renewable Power Generation Costs in 2020) in the approach;case of sectoral approach.
-From the construction cost (source: INSEE, ICC database, forFrance) in the case of sectoral approach.

METHODOLOGICAL NOTES

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Energy efficiency:
This Eligible Category is gathering projects related toenergy efficiency such as smart metering, fleet
management,
andelectricity
transmission
improvement. The quantification of avoided carbon
emissionsisgenerallyembeddedinthedocumentation of these projects.
The figures used in the case of project-based
approach are directly coming from the project
documentations. These figures served as a proxy forthe remaining projects under the sectoral approach.

Clean transportation:
GHG emissions due to public mass transportation
projects are compared to road transportation
baseline,
respectively
carsforpassenger
transportation and trucks for freight transportation.
Activity data are total kilometer.passenger forpassenger transportation and kilometer.tonne for
freight transportation. It is derived:--

From project documentation of project financeassets (such as rail infrastructure) or corporate
communication of operators managing andoperating these infrastructure (together referredas ‘Infrastructure and network’ in the table
above);
From sector statistics (source: UIC, Railway
Handbook, Energy consumption and CO2
emissions and ARAFER) for benchmarking theunderlying activity of rolling stock financing.

Sustainable agriculture and forest
management:
No Eligible Green Asset has been selected andincluded in this Eligible Category. A dedicatedcarbon impact assessment methodology will be
implemented in line with the EIB guidelines if needbe.

Waste and water management:This Eligible Category has been divided in threesubcategories in order to take into account thebroad range of activities and technologies:‘Water management’ includes water supply projects
for which the European Commission TEG doesn’t

identify significant contribution to climate change
mitigation, except the efficiency gain thanks toleakage reduction. At this stage and pending the
publication of the EU Taxonomy on water
management, the carbon impact of thissubcategory is considered as negligible;‘Wastewater management’ includes wastewatercollect and treatment projects. Carbon impact
assessment
quantifies
theGHG
emission
reduction related to wastewater treatmentcompared to disposal on landfill. Activity data
are in this case the capacity (expressed in
m3/day or in number of people equivalent). Thisdata is derived form project documentation in
the case of project-based approach, and fromthe corporate communication in the case of
corporate-based approach;‘Waste-to-energy’ includes waste incineration
project to produce energy. Activity data is theamount of waste (tonnes) directly derived fromthe project documentation. GHG emissions due
to waste incineration are compared to GHG
emissions from the disposal of a comparable
amount of waste in a landfill-free waste
management plant and the GHG emissions fromthe production of a similar amount of electricity
using country specific baseline.

Disclamer Crédit Agricole SA

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