La Banque Postale

La Banque Postale, a financial intermediation services provider headquartered in France, is committed to reducing its greenhouse gas (GHG) emissions. In 2024, the company reported total emissions of approximately 61.6 billion kg CO2e, encompassing Scope 1, 2, and 3 emissions. This figure includes approximately 74 million kg CO2e for Scope 1 and approximately 75 million kg CO2e for Scope 2.

The bank has established several reduction targets. Notably, La Banque Postale aims to reduce its Scope 1 and 2 GHG emissions by 46% by 2030, using 2019 as a base year. This commitment aligns with a broader initiative to achieve net-zero emissions by 2040. In addition to these operational targets, the company is working to reduce the carbon footprint of its directly held equity and corporate bond portfolio, with a target of a 25% reduction between 2019 and 2024. Further commitments include a target to reduce the carbon intensity of directly held real electricity producers by 17% over the same 2019-2024 period.

La Banque Postale has also engaged with the Science Based Targets initiative (SBTi), committing to reducing its Scope 1 and 2 GHG emissions by 42% between 2021 and 2030. The bank's portfolio targets, covering 85% of its total investment and lending activities as of 2020, are intended to be consistent with reductions required to keep global warming to 1.5°C. Separately, CNP Assurances, a related entity, has pledged to achieve carbon neutrality in its investment portfolio by 2050.