| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | FR0013415692, FR0013384567, FR00140044X1 |
| Industry group | Diversified Banks |
| Aligned with SDGs |
La Banque Postale was established in 2006 as a subsidiary of La Poste, France’s national postal service. The bank provides services to around 11 million private customers, and more than 400,000 business clients, professionals, social economy actors and local public sector bodies. La Banque Postale is a leading player in loan origination for healthcare sector and social housing in France. The bank has had a strong focus on social inclusion and accessibility to financial services historically. It also carries out the task of being the development bank for corporate and public sectors.
Investment rationale
The proceeds of green bonds FR0013415692 and FR0013384567 are used to finance environmental projects in the
categories clean transportation, low-carbon buildings and renewable energy.
100% of the revenues of green bond FR0013415692 is aligned with the Energy Transition. The contribution to the Energy Transition comes from 100% of proceeds allocated to the impact objective Renewable Energy.
71% of the revenues of of green bond FR0013384567 is aligned with the Resource Transition and 29% of revenues is aligned with the Energy Transition. The contribution to the Resource Transition comes from 71% of proceeds allocated to the impact objective Environmentally Sustainable Management of Living Natural Resources & Land Use. The contribution to the Energy Transition comes from 29% of proceeds allocated to the impact objective Terrestrial & Aquatic Biodiversity Conservation, and 0% of proceeds allocated to Renewable Energy.
The proceeds of social bond FR00140044X1 are used to finance affordable housing and essential services. The affordable housing category has strong positive impact as France has a shortage of social housing. In France, according to law, rents of social housing are fixed, ensuring housing to more vulnerable groups. Essential services include public hospitals and research centers. The projects financed aim to increase accessibility to healthcare service and improve quality of healthcare services.
74% of the revenues of this bond is aligned with the Societal Transition and 26% of revenues is aligned with the Wellbeing Transition. The contribution to the Societal Transition comes from 74% of proceeds allocated to the impact objective Affordable Housing. The contribution to the Wellbeing Transition comes from 26% of proceeds allocated to the impact objective Access to Essential Services: Health.