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In October La Banque Postale became the first bank to announce it was exiting fossil fuels altogether, and the first to have a validated Science-Based Target for decarbonising its portfolio. Philippe Heim, the bank’s CEO, talked to GlobalCapital about what this path will involve, and LBP’s wider drive to create ‘impact banking’.
PRESS RELEASE Paris, 28 October 2021 La Banque Postale and Groupe BPCE intend to streamline their shareholding relationships and strengthen their...
La Banque Postale ("LBP") announces its intention to acquire CNP Assurances' shares held by Groupe BPCE ("BPCE") and to file a simplified public tender offer with the AMF for CNP Assurances' minority
PARIS — The banking arm of French mail operator La Poste is planning to buy banking group BPCE's stake in French insurer CNP, the companies said on
La Banque Postale, which is a relatively small but progressive bank in France, has set an international precedent against oil and gas expansion. The bank, which was already committed to ensuring that its banking activities achieve net zero carbon emissions by 2040, announced a complete withdrawal from fossil fuels by the 2030. Will other banks now follow?