The Science Based Targets initiative, led by four large international organisations – the Carbon Disclosure Project (CDP), the World Resources Institute (WRI), the United Nations Global Compact (UNGC) and the World Wide Fund for Nature (WWF) – has validated La Banque Postale’s 2030 decarbonisation pathway2 and has recognised it as compatible with the goal of keeping global warming to well below 2ºC as laid down by the Paris Agreement. This pathway covers operations specific to La Banque Postale (carbon emissions from its real estate assets and fleet of vehicles, type of fuel used, etc.) and impacts linked to its investing and borrowing activities with its customers.
As a result, La Banque Postale is the first European bank and one of the first three financial institutions in the world to be recognised by the SBTi for its climate action. The SBTi assesses and verifies companies’ greenhouse gas emissions reduction goals and, building on a scientific approach, ensures that the commitments made by these companies are compatible with the Paris Agreement.