La Banque Postale

La Banque Postale's reported carbon emissions

In 2024, La Banque Postale reported total carbon emissions of approximately 61.6 million kg CO2e, comprising 74 million kg CO2e from Scope 1, 75 million kg CO2e from Scope 2, and 100 million kg CO2e from Scope 3 emissions. The bank has set ambitious targets to reduce its greenhouse gas emissions, aiming for a 46% reduction in Scope 1 and 2 emissions by 2030, based on a 2019 baseline. Additionally, La Banque Postale is committed to achieving net-zero emissions by 2040 across all scopes. The bank's climate strategy includes a target to reduce the carbon footprint of its directly-held equity and corporate bond portfolio by 25% over the 2019-2024 period, which has been extended to infrastructure investments from 2022. Furthermore, La Banque Postale has pledged to achieve carbon neutrality in its investment portfolio by 2050, aligning with the Science Based Targets initiative (SBTi) to ensure its targets are consistent with limiting global warming to 1.5°C. Overall, La Banque Postale is actively working towards significant emissions reductions and sustainability commitments, reflecting its dedication to addressing climate change and promoting environmental responsibility.