The LBP AM Group’s purpose is to “enhance financial, natural and human capital and support clients in their sustainable transitions”. To this end, it integrates, it integrates environmental, social and governance considerations into its investment decisions, with the aim of protecting investment value through the active management of sustainability risks and contributing to the transition of the real economy towards more sustainable practices and assets.
The LBP AM Group’s Transport policy is part of this approach. It defines the general framework for analysis and management applicable to transport activities, a structuring sector for modern economies, both through its role in the mobility of people, the flow of goods and territorial cohesion, and through its social and environmental footprint.
At the global level, the transport sector accounts for a significant share - approximately 15%1 - of energy-related greenhouse gas emissions and remains, in several segments, heavily dependent on fossil fuels. It also exerts considerable pressure on ecosystems, natural resources and communities. In this respect, the sector’s trajectory is decisive for achieving international climate objectives, particularly those stemming from the Paris Agreement and carbon neutrality scenarios by 2050, and more broadly for the ecological transition.
This policy sets out the main risks and issues associated with the sector, as well as the overarching principles guiding the analysis of exposed players and assets. It is applied in alignment with the other LBP AM Group policies, notably those relating to climate, biodiversity and human rights. It is complemented by sector-specific guidelines dedicated to the maritime, aviation, road and rail subsectors, which specify the reference frameworks, the key ESG issues and the analytical approaches relevant to each transport mode.
Policy effective date: 1 september 2026