La Banque Postale

La Banque Postale's reported carbon emissions

La Banque Postale, headquartered in France and operating within financial intermediation services, has established significant climate commitments. For the reporting year 2024, the bank reported total emissions of approximately 61.6 billion kg CO2e. This figure comprises approximately 74 million kg CO2e for Scope 1, approximately 75 million kg CO2e for Scope 2, and approximately 100 million kg CO2e for Scope 3 emissions. In 2023, the company's total emissions were approximately 547 million kg CO2e, with Scope 1 accounting for about 62 million kg CO2e and Scope 2 for approximately 10.9 billion kg CO2e, alongside 90 million kg CO2e for Scope 3. La Banque Postale is committed to achieving net-zero emissions by 2040. This long-term ambition is supported by near-term targets, including a commitment to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by 46% by 2030, from a 2019 base year. The bank has also pledged to reduce its Scope 1 and 2 GHG emissions by 42% over the period 2021-2030, aligning with Science Based Targets initiative (SBTi) recommendations for a 1.5°C pathway. Furthermore, there are specific targets to reduce the carbon footprint of its directly-held equity and corporate bond portfolio by 25% between 2019 and 2024. For its directly-held real electricity producers, a 17% reduction in carbon intensity is targeted over the same period.