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La Banque PostaleFrance
Active
This profile is actively maintained
Last update: 2024-02-20 12:25:26
La Banque Postale's head office in Paris. Photo: Guilhem Vellut via Flickr (CC BY 2.0)
Active
This profile is actively maintained
Last update: 2024-02-20 12:25:26
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About
| Website | https://www.labanquepostale.com |
| Headquarters |
115, Rue de Sèvres
75006 Paris
France
|
| CEO/chair |
Stéphane Dedeyan Chairman of the Management Board |
| Supervisor | |
| Ownership |
La Banque Postale is a subsidiary of La Poste, the French national postal service, which is majority-owned (73.3%) by the French state. |
La Banque Postale is a French bank created on 1 January 2006 as a subsidiary of La Poste, the French national postal service. The bank operates in three segments: Retail Banking, Insurance, and Asset Management. La Banque Postale also focusses on services to local authorities concerning financing and banking, as well as stakeholders dealing with social housing, local institutions, public health-care establishments and semi-public organisations.
Sustainability
Commitments
Policies
Voluntary standards
La Banque Postale's most important sustainability commitments can be found at the website sections listed below.
La Banque Postale has committed itself to the following voluntary standards:
Dodgy Deals
La Banque Postale is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of La Banque Postale's link to these deals.
Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Resources
Documents
Accountability
Grievances
La Banque Postale does not operate a complaints or grievance mechanism for individuals or communities who might have been affected by the bank's finance.
Stakeholders may also raise complaints via the OECD National Contact Points (OECD Watch guidance).
La Banque Postale is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.
This page evaluates La Banque Postale's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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Banks and Climate
Banks and Climate
The 2024 Banking on Climate Chaos report showed that La Banque Postale provided US$ 819 Million in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, La Banque Postale provided US$ 113 Million for oil, gas and coal companies expanding fossil fuels. Find further details on La Banque Postale fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of La Banque Postale’s fossil fuel policy below.
Tracking the NZBA
Tracking the Net Zero Banking Alliance
La Banque Postale is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.
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