BPCE - 2018 Registration document

NON-FINANCIAL PERFORMANCE REPORT A range of services to meet the challenges facing our customers

2.3.3

Helping customers address climate risk and gear up for the energy

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transition

The Home Insurance range includes coverage of equipment such as domestic wind mills, solar panels or solar-powered water heaters, energy control cabinets, storage batteries and rainwater collection tanks. Policyholders also receive assistance and advice on how to generate energy savings. The Vehicle Insurance range offers preferential rates to policyholders whose vehicles travel under 8,000 km per year. Savings of up to 30% are offered to electric vehicle owners. Finally, in the interest of providing day-to-day support to its customers, BPCE Assurances offers eco-driving courses.

Groupe BPCE has launched several different initiatives to identify and manage climate and energy transition risks.

GIVING THE GREEN LIGHT TO GREEN PROJECTS

The BPCE Assurances product range for individual customers contains features specifically designed to meet the new needs of its policyholders.

Combating climate change: Natixis Assurances follows the 2°C climate scenario Natixis Assurances designs and manages a full range of insurance products that are sold in the Banque Populaire and Caisse d’Epargne networks. It is actively working to fight climate change with tangible action and is aligning its investment policy with the goal of limiting the global temperature rise to 2°C, as set by the Paris Climate Agreement. Each year, Natixis Assurances will devote nearly 10% of its investments to green assets, with a target of 10% of its total investments being in green assets by 2030. With this policy, it intends to encourage and give priority to companies that contribute to the energy and ecological transition. The commitment made by Natixis Assurances covers all its investment portfolios (excluding unit-linked policies). Its policy complements Natixis Assurances’ decision to exclude issuers that do not observe the ESG criteria set out in its strategy from its investments.

PREVENTING AND MANAGING CLIMATE RISK Groupe BPCE has made commitments to prevent and manage climate risk in its 2018-2020 strategic plan. Accordingly: the Group made climate risk management one of the ambitions of ● the “financing a responsible economy” project; climate risk and green finance were the subject of: ● a day-long seminar for the Risk and Compliance functions in - 2017, attended by renowned experts in this matter, including: ACPR, Banque de France, members of the European Commission’s High Level Expert Group on Sustainable Finance and Finance for Tomorrow (Paris Europlace), a conference for the Risk, Compliance and Finance functions in - 2018, to set out the Group’s analysis and accomplishments for the current year. Impact of the Group’s business activity and the use of products and services on climate change In 2016, Groupe BPCE performed a gap analysis to identify and weight its direct and indirect impacts on climate change and to ensure it takes appropriate action to mitigate this impact: mapping out its main goods and services that have a positive or ● negative impact on greenhouse gas emissions and therefore on climate change;

taking inventory of initiatives already implemented and that need ● to be implemented. This analysis was performed by an external organization and covered five main products and services and six activities (their weighting based on their impact on climate change is shown in parentheses, ranging from a limited impact (*) to a strong impact (***)): products and services: ● distribution of financial products to retail customers (**), - project financing (***), - real estate project financing (***), - insurance (*), - funding, investment and asset management (**); - activities: ● energy consumption (***), - real estate portfolio (**), - property, plant and equipment (IT equipment and vehicles) (*), - business travel (**), - use of suppliers and sub-contractors (*), - waste management (*). - The analysis did not show any major shortcomings in high-impact products, services and activities that would call into question Groupe BPCE’s existing priorities and initiatives.

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Registration document 2018