La Poste Green Bond: less CO2 for the planet
Le Groupe La Poste publishes its report on the issue of its first Green Bond, detailing the actions financed by the funds raised and their positive impacts on the planet. Completed in November 2018, this issue is part of a wider commitment to sustainable and responsible development.
14,232 tonnes of CO2 emissions were avoided in 2020, on an annualised basis. This equates to the average amount of CO2 absorbed by 474,000 trees in one year*.
The €500-million green bond issued by Le Groupe La Poste has funded green projects in the following asset categories: zero-emission vehicles, green buildings and renewable energies. Through the investments made using all of the funds raised, 14,232 tonnes of CO2 emissions were avoided in 2020, on an annualised basis. This equates to the average amount of CO2 absorbed by 474,000 trees in one year*.
The success of the Green Bond issued by La Poste, primarily subscribed by investors keen to consider environmental and social aspects in their investment decisions, is due to the trust they have in the Group to uphold its eco-friendly commitments. The published report presents the very positive results of Le Groupe La Poste’s first green issue.
By the end of October 2020, all of the funds raised (€500 million) had been allocated. They have financed 11 projects to reduce the Group’s carbon footprint:
Low-carbon buildings: both through the construction of new buildings and by making energy efficiency improvements to service sector and industrial premises. The seven projects financed have avoided the emission of 1,345 tonnes of CO2;
Clean transportation: mainly through the provision of 3- and 4-wheel electric vehicles and Lithium/ion battery rental. These investments have resulted in 12,885 tonnes of CO2 emissions being avoided;
Two renewable energy projects dedicated to the installation of solar plants for on-site consumption. 1.7 tonnes of CO2 were avoided.
These projects are a major part of the Group’s carbon neutrality programme. In 2019, Le Groupe La Poste was the first postal operator in the world to become fully carbon neutral.
The Group’s internal efforts to reduce its carbon footprint contribute to the fight against climate change. Its commitments and actions have been rolled out in several stages: measuring its CO2 emissions, reducing its carbon footprint, ensuring carbon offsetting for emissions that cannot be avoided, and supporting its ecosystem towards a more sustainable world.