BPCE - 2018 Registration document

2 NON-FINANCIAL PERFORMANCE REPORT Responsible internal practices

2.5.2

Reducing our direct environmental footprint

Reducing the environmental footprint of the Group’s own operations is one of the key pillars of the 2018-2020 CSR strategy: the Group has set a goal of achieving a 10% reduction in its carbon emissions by 2020. To this end, it has established a robust, proven Group environmental reporting system and carried out several campaigns to raise awareness of best practices. Several awareness-raising sessions were organized for all business lines: awareness of CSR, energy and climate issues; two sessions were ● organized for Group employees in 2018;

CSR reporting: one session was held to raise employee awareness of ● the organization of CSR data collection and the use of IT tools for preparing and publishing the CSR report; providing training in the tools used to calculate the Group’s ● greenhouse gas emissions. Two training sessions were held for all employees using these tools in their work and for a panel of officers from the Logistics division. Attendees were given a starter kit at the end of each session.

Groupe BPCE, a partner and precursor of the Net Zero Initiative, lays the foundations of a groupwide carbon neutrality framework In 2018, the Group joined the Net Zero initiative alongside eight French companies, to draft a methodology for companies seeking to achieve a challenging, credible, and harmonized net zero carbon footprint. Carbon neutrality was explicitly mentioned in the Paris Agreement on climate change as an objective to be reached by the end of the century. It corresponds to a balance between greenhouse gas emissions and the volumes absorbed by carbon sinks. The first mission of the initiative was to draft a market-wide methodology for companies seeking to achieve zero net emissions. The framework will be challenging (because it prioritizes reducing emissions at source), robust (because it will be validated by a high-level scientific committee composed of 12 experts) and credible (because it is being co-constructed with companies from a wide range of business sectors).

CLIMATE CHANGE The Group’s target is to cut its greenhouse gas emissions 10% by 2020 from 686,773 to 618,096 metric tons of CO 2 equivalent (tCO 2 eq). To monitor progress on initiatives subject to clear targets, the Group Sustainable Development division has used a special tool since 2013 to review its greenhouse gas (GHG) emission based on a methodology that is compatible with the one used by the ADEME (the French environment and energy management agency), ISO 14064 and the Greenhouse Gas Protocol. After seven years spent collecting carbon data using a stable benchmark shared by all Group companies, the tool is able to provide: an estimate of each company’s greenhouse gas emissions; ● a map of GHG emissions: ● by source: energy, procurement of goods and services, business - travel, fixed assets, and other, by scope (1) . Indirect emissions caused by the Group’s products - and services are excluded from the scope of this analysis, but work is being done to change that (see previous chapters on the work undertaken by Mirova and Ostrum AM and, for lending activities, see the sections entitled “Impact of the Group’s business activity and the use of products and services on climate change” and “Mandatory disclosures by institutional investors on their management of climate change risks”).

The carbon review currently performed by the entities covers 94% of the Group’s permanent staff. Each year, the Group provides stable benchmark indices covering the entire Group and each individual entity, which are used to define local GHG emission reduction plans and drive national initiatives. Through these efforts, Groupe BPCE has reduced and stabilized its CO 2 emissions, in line with its continuous improvement policy.

➡

EMISSIONS PER EMPLOYEE (IN TCO 2

EQ/FTE)

8.1

7.7

7.6

7.4 7.4 7.4

2013 2014 2015 2016 2017 2018

The GHG Protocol divides an entity’s (or organization’s) GHG emissions into the following scopes: Scope 1 = direct emissions from resources owned or operated by the company. Scope 2 = (1) indirect emissions purchased or acquired electricity, steam, heat and cooling. Scope 3 = all other indirect emissions in the company’s value chain.

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Registration document 2018