Sustainable and inclusive saving account: promise kept in 2018

Caisse des Dépôts

Energie et environnement

In 2018 the whole net fundraising of the Livret de développement durable et solidaire (LDDS – a sustainable and inclusive saving account) made it possible to finance "green" projects. Investments in line with the commitments made during 2017 Climate Finance Day

On Climate Finance Day in December 2017, Bruno Le Maire, Minister of Economy and Finance, announced that the funds collected from the LDDS*, centralised by Caisse des Dépôts, should now be entirely mobilised to fund “green” projects.

Caisse des Dépôts kept this promise in 2018: 1 € deposited on the LDDS = 1 € for a “green” project. The entire net amount collected via the LDDS - €2bn - allowed to finance €2.1bn in loans for projects promoting energy and ecological transition, with the rest of the investment coming from other resources, namely Livret A savings accounts and Livret d’épargne populaire (People's Saving Passbook Accounts).

The projects thus funded include social housing rehabilitation projects, social housing construction projects under the more stringent conditions set out by thermal regulations in force (through a HQE-type environmental label) and “green” investments by local authorities (“Green growth” loan and GPI AmBRE loan dedicated to the thermal renovation of public buildings). In particular, local authorities’ thermal rehabilitation projects concern school establishments (primary, secondary and high schools) and social, sports and cultural centres.

It is worth noting that in 2017, €3.1bn in “green” loans were granted, far exceeding the amount collected by the LDDS* which represented €1.7bn.