Environment

The human, environmental and economic impacts of climate change are daily reminders of how we need to act urgently and invest to support the transition toward a low-carbon economy.

2021 Highlights

$39 

Low-carbon assets

49%

Reduction in our portfolio’s carbon intensity since 2017

Net Zero

Objective for our total portfolio by 2050

For more details on our climate actions, read our 2021 Sustainable Investing Report. 

Our investment strategy to address climate change

Our first climate strategy, deployed in 2017, helped position us as a leader in the fight against climate change. We set ambitious targets so we could take quick and structured action. In 2019, we also decided to make a strong commitment: achieve a net-zero portfolio by 2050, with a focus on decarbonizing the real economy.

Since then, we significantly exceeded our intermediary targets, so in 2021 we announced a new and ambitious strategy based on four essential and complementary pillars to meet the major challenges of the transition.

See our strategy

Our objective

We intend to continue contributing to the decarbonization of the real economy and achieve a carbon-neutral portfolio by 2050.

Our strategy’s four pillars

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$54 B  ​

In low-carbon assets by 2025​

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60%​

Reduction in our portfolio’s carbon intensity by 2030 compared to 2017

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$10 B​

Transition envelope to decarbonize major carbon-emitting sectors

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2022 ​

Complete our exit from the oil production sector

 

Climate Innovation Fund

Created in 2020, the Climate Innovation Fund (CIF) is an innovation platform focused on sustainable investment that develops partnerships to deploy a $500 million envelope to position itself at the forefront in two sectors: the energy transition and sustainable agri‑food.

Learn more about the CIF

Joining structuring initiatives