La Banque Postale is launching a new approach to its financial savings products, structured around environmental, social and governance (ESG) criteria.
This initiative is a further step forward in La Banque Postale's strategy to promote a range of responsible products (life insurance, ordinary securities accounts and Share Savings Plan) to its customers and play an active role in the transition to a more sustainable economy.
This approach aims to make it easier for customers to choose savings products that reflect their ESG preferences, empowering them to play an active role in building a more sustainable future.
This ESG approach covers the entire scope of the bank's financial savings, in collaboration with the various business units of the La Banque Postale Group: the euro and eurocroissance units in CNP Assurances life insurance policies, the UCIs and units of account managed by LBP AM, EMTNs and, finally, discretionary management with Louvre Banque Privée. In line with La Banque Postale's corporate purpose, extra financial factors are now central to the advisory approach of its relationship managers, beyond their regulatory duties on risk and sustainability disclosures.
Clear, transparent classification tailored to customer profiles
The offering is structured into three tiers, allowing customers to engage progressively with ESG principles based on their level of interest: -
Level 1: the funds seek to control the main ESG risks, in particular by excluding from their selection companies whose activities and practices are deemed incompatible with environmental protection, respect for social and human rights and good governance. These include activities linked to tobacco, pesticides, chemical and biological weapons, anti-personnel mines and cluster bombs, and activities at risk of deforestation or linked to violations of fundamental ethical standards. The exclusion rules also cover companies in the fossil fuel sector with the worst environmental impacts (thermal coal mines and stations, unconventional oil and gas, etc.)1 1Exclusions take effect as soon as a materiality threshold set by the producer is exceeded.
Level 2: in addition to the above practices, the proposed funds select companies with the best ESG practices in terms of environmental protection, respect for social and human rights and governance. Conversely, the least involved
companies, particularly those in fossil fuels that show no commitment to the energy transition and continue to develop new fossil fuel projects, are also excluded from these funds.
Level 3: This tier includes the most impact-driven investment solutions, selecting assets that contribute to protecting the environment, from biodiversity to social inclusion, etc. These companies have activities linked to the key sectors of the just transition: the fight against climate change (energy renovation of buildings, sustainable mobility, etc.), the energy transition, essential services such as access to health, education and water, the circular economy/resources, protection of biodiversity and regional development.
"A mission-led company for the past 3 years, La Banque Postale has made the just transition a key driver of its development, with the ambition to participate in a more sustainable economy. Beyond our strong commitments to biodiversity and the decarbonization of our operations, we want to help our clients take part in the transition through accessible and educational products. With this new segmentation of our financial savings offer, we are reaffirming our leadership in responsible finance by helping our customers direct their investments towards ESG-aligned options. This is a significant step forward for our bank and for our customers.”, Stéphane Dedeyan, Chairman of the Management Board of La Banque Postale
"We have designed this new segmentation of our financial savings to meet the expectations of our customers, who want to invest responsibly and transparently. By offering them products that are in line with their values, we enable them to contribute to the ecological and social transition of the territories, in addition to the financial performance of their investments.”, Sarah Bouquerel, Deputy Chief Executive Officer of La Banque Postale retail bank and Director of the LBP Business Unit at CNP Assurances