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La Banque Postale launches €1bn energy transition infrastructure debt fund

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Published: 29 September 2023

Launched in collaboration with its subsidiaries LBP AM and CNP Assurances, the new fund will finance European infrastructure projects aligned with the goals of the Paris Agreement on climate change.

Headquarters of La Banque Postale in Paris by JOEL SAGET / AFP

La Banque Postale, together with its subsidiaries LBP AM and CNP Assurances, has unveiled a new fund to support European infrastructure projects in Europe seeking to limit global warming to well below 2°C, in line with the goals of the Paris Agreement.

The fund will draw upon a total investment capacity of €1bn, with CNP Assurances as the principal contributor, to be disbursed over a three-year period.

Classified as an Article 8 fund under the EU Sustainable Finance Disclosure Regulation (SFDR), this fund will play a pivotal role in financing infrastructure projects that make substantial contributions to climate mitigation or pledge to decarbonise their operations.

Targeted sectors include renewable energies, circular economy, clean transport, energy efficiency, and innovative fields such as e-mobility, green hydrogen, and energy storage projects.

Bertrand Cousin, head of corporate and investment banking at La Banque
Postale, said: “This initiative is part of our strategy to promote impact finance and is in line with the commitments made by La Banque Postale with regard to the objectives of a mission-led company.”

Olivier Guigné, group chief investment officer at CNP Assurances, added: “With this investment, our total impact financing commitments now exceed
€1.5bn. Infrastructure debt is an attractive asset class because of its return potential and the diversification it provides in the portfolio.”

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