La Banque Postale has been awarded CDP’s prestigious A rating for its commitment to the climate

La Banque Postale, recognised for its international leadership in the fight against climate change has, for the second year in a row, been rated A by CDP, the standard-setting international not-for-profit charity in the assessment of corporate climate strategies. By committing to achieving zero net emissions by 2040 for its banking activities, La Banque Postale is the only French bank to receive such recognition by CDP in 2022 for its commitment to the climate, placing it among the 292 most effective companies worldwide in the fight against climate change.

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The global NGO CDP has acknowledged the leadership of La Banque Postale in terms of its commitment to tackling climate change. By adding the company to its prestigious “A list”, La Banque Postale has been recognised for its climate risk management, the quality of its environmental reporting, as well as the measurement of its carbon footprint and scope 1, 2 and 3 decarbonisation objectives, including emissions related to its financing and investment activities.

The rating also includes its asset management subsidiary La Banque Postale Asset Management (LBP AM) which, as part of its participation in the Net Zero Asset Management Initiative (NZAMI), committed in May 2022 to step up the decarbonisation pathway of its portfolios by 2030. As of 2030, 80% of its total assets under management will be aligned with a decarbonisation target compatible with the Paris Agreement.

Alongside its parent company, LeGroupe La Poste, which has also been rated A this year, La Banque Postale is one of the 292 most effective companies among the almost 15,000 assessed. CDP applies an in-depth and independent methodology to assess these companies, rating them A to F according to criteria such as transparency, awareness, the management of environmental risks, and the demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.

Vue du ciel de l'océan et des vagues.
Portrait de Philippe Heim, président du direction de La Banque Postale

It is a great honour for La Banque Postale and its teams to be included once more among CDP’s list of companies leading the way in the fight against climate change. This award is the result of our long-term commitment to the energy and ecological transition and underlines our international leadership in this field. It showcases the strength of our climate policy and confirms our determination, within the financial sector, to be a driving force in the decarbonisation of the economy.

Philippe Heim — Chairman of the Executive Board of La Banque Postale, Executive Vice-President of Le Groupe La Poste

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