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.