La Banque Postale and its affiliated entities, LBP AM and CNP Assurances, have unveiled a €1bn impact infrastructure debt fund, setting their sights on energy transition-centric ventures across Europe.
The newly introduced impact debt fund, tagged under Article 8 in accordance with the SFDR regulation, commits to extended backing for initiatives that play a pivotal role in climate change countermeasures or are firmly set on decarbonisation pathways. The fund’s infusion is slated for a span of three years.
Notably, the fund’s core areas of emphasis will encompass renewable energy, circular economy, and clean transport, coupled with energy efficiency.
Additionally, cutting-edge sectors like e-mobility, green hydrogen, and energy storage also find a significant place on its radar.
La Banque Postale’s head of corporate and investment banking, Bertrand Cousin, shared his perspective, “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. I am thrilled with this project, which is a further illustration of the synergies being developed within the major public financial centre.”
Echoing similar sentiments, CNP Assurances’ group chief investment officer, Olivier Guigné, said, “This fund demonstrates a perfect alignment around our shared values and our commitment to an inclusive and sustainable society. As a responsible investor, this initiative contributes to CNP Assurances’ objective of reaching €30bn in green investments by the end of 2025 and more than €1bn in impact investments by the end of 2025.
“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. This helps to meet our long-term commitments to our policyholders.”
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