French bank La Banque Postale and its subsidiaries LBP AM and CNP Assurances have launched a €1 billion (US$1.05 billion) impact infrastructure debt fund. The fund has the objective of supporting the energy transition, with the initiative aiming to finance European infrastructures projects that contribute to limiting global warming “well below 2°C”. The fund’s finances will be deployed over a three-year period and will invest in the renewable energiesenergy, circular economy, clean transport, and energy efficiency sectors. It will also invest in “innovative sectors” including green hydrogen, e-mobility and energy storage projects. The fund is classified as Article 8 under the EU’s Sustainable Finance Disclosures Regulation. 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. I am thrilled with this project.”
