For the second consecutive year,  La Banque Postale is awarded the prestigious A rating by CDP for its climate commitment

Acknowledged for its international leadership in combatting climate change, La Banque Postale has been awarded, for the second consecutive year, an ‘A’ rating from CDP, a benchmark international non-profit organisation that assesses companies’ climate strategies. In pledging to emit zero net emissions by 2040 in its banking activities , it is the only French bank to have been awarded this distinction in 2022 by CDP for its climate commitment and is among the 292 best-performing companies worldwide in combatting climate change.

EThe global NGO CDP has acknowledged La Banque Postale’s leadership in pledging to combat climate change by adding it to its prestigious ‘A’ list. La Banque Postale was awarded for its management of climate risks, the quality of its environmental reporting, and the measuring of its carbon footprint and its Scopes 1, 2, and 3 decarbonation objectives, including emissions from its financing and investment activities.

Emmanuelle MOUREY, Chair of the Management Board of LBP AM: “This distinction is part of our targeted trajectory in decarbonating our portfolios, which we set within the NZAMI framework. I am delighted with the recognition CDP has granted to this long-standing and ongoing commitment by La Banque Postale and LBP AM in favour of a transparent environmental transition.”

This rating also includes its asset management subsidiary La Banque Postale Asset Management (LBP AM), which, as part of its participation in the Net Zero Asset Management Initiative (NZAMI), pledged in May 2022 to move forward the decarbonation of its portfolios to 203O. By that date, 80% of its total AuM will be aligned with a decarbonation target that is compatible with Paris Agreement goals.