BPCE - 2019 Universal Registration Document

GROUP PROFILE

OUR COMMITMENT TO MAKING SUSTAINABLE DEVELOPMENT A REALITY

A leading bank in green growth

By investing its customers’ savings in a more responsible economy and financing the energy and ecological transition, we are a responsible bank and insurance company. Our commitment extends to developing solutions to finance the energy transition, encouraging responsible deposits and savings, and promoting dedicated refinancing solutions such as green bonds and social bonds.

SUPPORTING THE ENERGY TRANSITION • Helping our customers change their way of life: issuing Eco- PTZ interest-free loans to finance energy efficiency renovations in people’s homes; offering a special financing solution to help craftsmen and SMEs with the ecological transition. • Expertise in renewable energy: €10.8 billion in outstanding loans.Flagship deals: financing for the first offshore wind farm in Saint-Nazaire. • Meeting new investor priorities: €4 billion in green and social bonds issued by the Group.

STEERING DEPOSITS AND SAVINGS TOWARDS A MORE RESPONSIBLE ECONOMY • Groupe BPCE is a longstanding leader in socially responsible investment, with over €82 billion in assets under management. • A responsible insurer: Natixis Assurances has pledged to align its portfolio with the 2°C global warming scenario set in the Paris Agreement by investing nearly 10% of its assets each year in green assets (target: green assets to account for 10% of total AuM by 2030).

INCORPORATING ESG CRITERIA IN OUR FINANCING ACTIVITIES • Signatory of the Equator Principles since 2010. • Integration of ESG criteria in the sector risk policies applied by the Banques Populaires and Caisses d’Epargne. • Divesting from fossil fuels: sector policies for the coal, oil and gas sectors.In 2019, Natixis lowered the exclusion threshold in its coal sector policy from 50% of a company’s activities to 25%.

Data at 12/31/2019

Innovation: Natixis, a Groupe BPCE subsidiary, is decarbonizing its balance sheet with the Green Weighting Factor In 2019, Natixis was the first bank to manage the climate impact of its balance sheet by applying the Green Weighting Factor . This internal capital allocation model adjusts the expected return on each loan depending on its impact on the climate. Its rating system influences individual decision-making and encourages teams to favor green financing solutions (for an equivalent level of credit risk).

Multiple commitments

Groupe BPCE has made a number of national and international commitments and contributes to sustainability discussion groups.

Business for Inclusive Growth (B4IG)

United Nations Women’s Empowerment Principles

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE

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