BPCE - 2019 RISK REPORT Pillar III

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CLIMATE RISK

In the interest of combating climate change and contributing to the goal of becoming carbon neutral by 2050, Groupe BPCE continued its efforts and investments in the oversight and management of climate risk this year. The Group’s Climate Risk Officer, in the Risk Governance department, takes part in: the AMF’s Climate and Sustainable Finance Commission, • created on July 2, 2019, whose role is to develop practices, increase transparency and facilitate the incorporation of sustainability and funding in favor of more sustainable activities; the ACPR’s Climate Commission, which regularly monitors • and assesses the commitments undertaken by banks and insurers, and ensures that such commitments are consistent with the strategic guidelines of institutions. It also coordinates with the NGFS (Network for Greening the Financial System) created by France, which now totals nearly 50 central bank and international organizations among its supervisors;

the FBF’s Climate Commission, chaired by Laurent Mignon, • Chairman of the Groupe BPCE Management Board. The FBF encourages its members to adopt a carbon strategy and to work with the supervisory authorities to develop methodologies to assess the exposure of their portfolios to climate risks and to align investment portfolios with a 2°C scenario. On September 23, 2019, Natixis and Groupe BPCE signed the Principles for Responsible Banking, which define the role and responsibility of the banking industry in building a sustainable future, in keeping with the UN Sustainable Development Goals and the 2015 Paris climate agreement. Groupe BPCE also contributes to the work of the European banking associations on the Net Zero Initiative, with the goal of making progress on its climate risk management policy and expanding its environmental expertise.

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RISK REPORT PILLAR III 2019 | GROUPE BPCE

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