This new offer aims to involve La Banque Postale customers in the just transition by encouraging them to favour real estate projects that have a positive impact on the environment, regions and social inclusion or to renovate their current homes to make them more energy-efficient.
La Banque Postale is stepping up the transformation of its banking model with the launch of its impact home loan offering for its customers. This new loan offering, based on a Impact Weighting Factor which has been critically reviewed by the WWF and will be launched by the end of 2023, aims to promote new, more inclusive and responsible consumer behaviour.
Decarbonisation must move beyond rhetoric to action. The launch of the impact home loan, co-constructed with our partner WWF, is a key milestone on our path to decarbonisation and reducing our impact on nature, which aims to put our commitments at the heart of our retail banking activity. Gradually, our entire product range will allow our retail customers to become a driving force behind this transition. With this new stage, La Banque Postale positions itself as a think-tank to incubate the banking solutions of the future.
Philippe Heim — Chairman of the Executive Board of La Banque Postale
A comprehensive finance offering to support its customers in the just transition
As of today, the impact home loan will allow future buyers to benefit from a subsidised home loan rate according to the type of asset that they wish to acquire. Thus, regardless of whether the property is new, recent or older, a reduction will now be applied to the borrower’s loan rate based on the building’s French Energy Performance Diagnosis (DPE - Diagnostic de Performance Energétique).
However, as of the end of 2023, the Impact Weighting Factor will be used to produce an overall score based on energy performance, the property’s impact on biodiversity by taking into account the artificialization of soil, and criteria aimed to assess the project’s regional impact and its scale of social inclusion.
