BPCE proposes the first PEACs for young people

First to propose the Future Climate Savings Plan (PEAC), Banques Populaires and Caisses d'Epargne provide a new solution for under 21s to save by supporting the ecological transition. This new scheme, created by the Green Industry Act, combines environmental impact with tax advantage.

FACTS

• On 17 April 2025, Banques Populaires and Caisses d'Epargne became the first to propose the Plan d'Epargne Avenir Climat (PEAC) for young people under 21 years of age residing in France. Designed as a responsible savings tool, this product aims to finance long-term personal projects while investing in certified funds (ISR, Finansol, Greenfin) oriented towards the ecological transition.

• Available from €100 and capped at €22,950, the PEAC can be subscribed by young adults or their parents for minors.

• It offers two methods of management: piloted, for a gradual securing of savings, or free, for a more autonomous investment in sustainable funds. Capital gains are exempt from income tax and social levies, subject to conditions.

• PEACs are medium- or long-term savings products whose funds can be invested for 30 years or released after 5 years (or in some exceptional situations).

ISSUES

• Build projects in an environmentally responsible way: PEACs are presented as a new savings tool for financing future projects (such as studies or a first real estate purchase), mobilizing its savings in favour of the ecological transition of society.

• Monitoring Government Developments : The "future climate" savings plan (PEAC) was announced by the Government since July 2023 as part of the plan dedicated to the ecological transition of the French economy. It was to be available on July 1, 2024, but it has only just been implemented today by the BPCE group, which now makes it available to the general public.

• Signing commitment This new savings plan illustrates the ambition of the BPCE Group, via BPCE Assurances and Natixis Investment Managers, to position itself as a major player in green savings, offering a solution that is both useful for the future of young people and beneficial for the planet.

PERSPECTIVE

• This mobilisation of the French bank comes as international banking institutions have just seen the ambitions of a global environmental initiative decline. These are those of the Net-Zero Banking Alliance (NZBA). Launched in 2021 by the United Nations Environment Programme (UNEP FI), bringing together banks originally committed to align their financing activities with carbon-neutral trajectories by 2050, it was expected to follow the recommendations of the Paris Agreement. But the American political situation has recently weakened the initiative, which is now revising its ambitions downwards to avoid the desertion of its members.

• She's coming. to formalize renewing its mandate by placing greater emphasis on financing the decarbonisation of the real economy, softener its initial objective of limiting warming to 1.5 °C.

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