La Banque Postale has put science behind its sustainability claims and, in October, it became the first European lender – and one of only three financial institutions of the world – to have its strategy validated by the Science Based Targets initiative (SBTi). The independent body led by four organisations, including the Carbon Disclosure Project, has found the decarbonisation strategy of the French state-owned bank to be compatible with the goal of keeping global warming to below 2 degrees Celsius.
The lender aims to complete that strategy by 2030 and turn its business into a net zero operation within the following decade. It has made available Scope 1, 2 and partial Scope 3 disclosures, it says.
