Climate and Nature: One Issue, One Report
The La Banque Postale Group has chosen to report on its exposure to climate change and the loss of nature collectively, in a single document. This decision reflects a conviction that science has now established: climate, biodiversity, and water are all part of a single, interconnected challenge, and it is therefore impossible to address them separately.
The same assets are at risk: land sealing exacerbates the flooding that climate change is making more frequent; agricultural production depends on the climate, water, and pollination.
Its scope encompasses banking, insurance, asset management, and private banking, supported by La Banque Postale, CNP Assurances, the La Banque Postale Asset Management group, and Louvre Banque Privée.
Natural risk: a first step, portfolio by portfolio
This is one of the major advances of this report. La Banque Postale and its subsidiaries have, for the first time, quantified nature-related risks on a portfolio-by-portfolio basis using a tool developed within the Caisse des Dépôts group.
Two types of risks are assessed:
- physical risk, related to companies’ dependence on vulnerable natural resources, such as water or soil; At least two-thirds of each entity’s portfolios present a minor physical risk;
- transition risk, linked in particular to regulatory and economic changes promoting biodiversity, which may have consequences for certain activities. This risk, which is moderate overall, is concentrated in the real estate sector due to land development.
Depending on the entity, between 11% and 13% of outstanding loans are associated with areas of high biodiversity concern. This proportion reaches 24% for La Banque Postale’s public sector & local economy portfolio.
This initial assessment helps identify the sectors and clients most at risk, so that a dialogue can be initiated with them. The Group also acknowledges its limitations: data is often linked to headquarters rather than to individual sites, supply chains are poorly covered, and there is a lack of forward-looking analysis.
On climate change, a shared goal: alignment with the Paris Agreement
Although they have different activities and business models, all entities within the La Banque Postale Group share a common strategy of aligning with the Paris Agreement.
Decarbonization targets, convergence of methodologies, sector-specific policies, shareholder dialogue, climate risk assessment, commercial offerings...: the report outlines the measures implemented and the work undertaken to better assess the alignment of the various portfolios and support the decarbonization of the real economy.
Next step: Develop a climate and nature transition plan for 2030
The report sets out the group’s actions within a roadmap that now integrates climate, nature, and adaptation, with two main milestones:
- by 2028, define science-based targets for reducing impacts on nature, subject to the availability of appropriate methodologies;
- by 2030, establish a Climate & Nature transition plan.
A transition plan serves as a compass guiding the way toward an economy that respects planetary boundaries, while ensuring resilience and sustainability.
Avec ce rapport consolidé, le groupe La Banque Postale valorise son approche : traiter climat et nature de front comme un seul enjeu, mesurer les risques, publier y compris les limites, se fixer des jalons et s’exposer au regard des tiers.
Thematics
- rse
- financement
Le groupe MTB optimise ses outils de production avec un prêt décarbonation
