LBP AM chooses Greenly to measure the carbon footprint of its corporate debt investments

La Banque Postale Asset Management (LBP AM), the asset management subsidiary of La Banque Postale, announces that it has teamed up with Greenly, a specialist in digitalized low-carbon strategy management, to support its corporate private debt team in measuring the carbon footprint of its investments, and to help the companies financed in their transition to a zero-carbon economy.

With over a hundred customers already, the SaaS-based Greenly for Finance platform, dedicated to asset management companies and investment funds of all sizes, will enable LBP AM's corporate private debt department to automatically monitor the carbon footprint of portfolio companies in real time, based on international carbon accounting standards such as the GHG Protocol, and thus commit them to their decarbonization trajectory.

Thanks to this partnership, LBP AM, a long-standing player in the corporate private debt market with over €1.7 billion invested in the financing of more than 100 companies since 2012, will have tools complementary to its proprietary GREaT methodology to strengthen the selection process of its LBPAM Mid Cap Senior Debt* fund, currently being raised. 

Classified as Article 9 under SFDR, the fund's sustainable investment objective is to help accelerate the transition of private sector companies to a more sustainable economy. 100% of financing is backed by at least one sustainability indicator and ambitious improvement trajectories co-constructed with company managers, with an impact on the credit margin in the event of target trajectories being achieved or not.

This approach is also in line with LBP AM's investment policy, which today gives priority to companies offering solutions to sustainability issues.

Isabelle Luy-Landès, Head of the Corporate Private Debt team at La Banque Postale Asset Management, explains: "This partnership is a further illustration of our pioneering position in ESG integration. By teaming up with experts like Greenly, we can ensure that we have all the tools we need not only to manage our own climate footprint, but also to stimulate and support the decarbonization strategy of the companies in our portfolio. This is essential if we are to meet the objectives of the Paris Agreement by 2030.

Capucine Cusinberche, Head of Sustainable Finance - Greenly, adds: "Finance must become responsible and invest in eco-responsible projects if we are to combat global warming collectively. We are delighted that a key player in the world of finance such as La Banque Postale Asset Management has grasped the importance of this challenge of our century. It's a strong signal, as well as a mark of confidence, that they have chosen to use our platform."