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European Climate Pact

Overview

Location

France

Sector

Banking, Financial and Insurance Services

Organisation type
Business

Company Information

La Banque Postale, a limited company with Executive and Supervisory Boards, is the parent company of La Banque Postale Group, and has its headquarter in Paris, France. In 2021 they reported 6,2 billion Euro in net banking income.

Our progress towards decarbonization

 

GHG Emissions

North Star

  • La Banque Postale has a target to reduce absolute scopes 1 and 2 CO2e emissions 46% by 2030 from a base year of 2019

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022

 

Emissions - FS

Our actions – the Pathway

  • Take action to align our portfolio to a 1.5°C world
  • Assess if  clients/investees’ business strategies are aligned to a well below 2-degree world
  • Have a policy framework requiring clients/investees set science-based GHG emissions reduction targets within the next year
  • Have a policy framework requiring clients/investees have a climate transition plan
  • Have an engagement strategy to encourage our investees to set a science-based GHG emissions reduction targets
  • Have an exclusion policy to phase out all fossil fuels-related industries and activities in our portfolios by no later than 2030
  • Conduct analysis to understand the impact of our investment portfolio on the planet, in line with TCFD recommendations

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022

 

Energy

Our actions – the Pathway

  • La Banque Postale has a target to consume 100% of electricity from renewable sources by 2030 from a baseline of 95% renewable electricity consumption in 2019

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

Our actions – the Pathway

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022

 

Buildings

Our actions – the Pathway

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues

MRV: Pact MRV in place

Status date: Submitted (29/07/2022)

Data source: CDP Climate Change 2022