BPCE - 2018 Risk report / Pillar III

12 CLIMATE RISKS Organization

Organization 12.1

Mindful of its responsibility to promote a lower carbon footprint economy, Groupe BPCE works tirelessly to incorporate climate risk and implement measures to reduce this risk. The Group endeavors to identify and manage climate change risk as it does all other risks incurred in its activities, and has included it in the 2018-2020 strategicplan. Like all French bankinggroups, GroupeBPCE takes part in the work of the ACPR, in accordancewith Article 173, paragraphV, of the French Energy Transition for Green Growth Act. The general credit risk policy includes climate risk and incorporates Corporate SocialResponsibility. One of the objectives of the Group’s strategic plan is to reduce its direct and indirect environmental impacts. Groupe BPCE has rolled out measures aimed at reducing these risks in all aspects of its business: Indirect impacts: a review of green growth markets, through the identificationand ● assessment of each of the economic sectors affected, the analysis of the current positioningand performanceof the Group’s banks on these markets, and the assessment of the business development potential for the Group’s banks;

internal CSR policies have been drawn up and included in the risk ● policies of the Natixis business lines working with the highest-risk sectors (defense, nuclear, energy/mining, and palm oil). On October 15, 2015, Natixis also committed to no longer financing coal-fired power plants or thermal coal mines anywhere in the world, given the current state of technologies; the financing of renewable energy and thermal renovations, ● throughall of the Group’s main sales networks; a range of green savings and lending products offered to its ● customers. Direct impacts: annual measurement of carbon emissions stemming from energy, ● travel, real estate and procurement for all Group companies; establishmentof action plans aimed, for example, at improvingthe ● energy efficiency of office buildings and reducing the impact of employee travel. Details on these actions are given in Chapter 2, “Non-Financial Performance Report”, of the 2018 registration document.

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Risk Report Pillar III 2018