BPCE - 2020 Universal Registration Document

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ACTIVITIES AND FINANCIAL INFORMATIONS 2020

SIGNIFICANT EVENTS OF 2020

With regard to the fight against climate change, Natixis announced the strengthening of fossil fuel exclusion policies, with the exit from shale oil & gas explorationand production and all thermal coal activities by 2030 for OECD countries and by 2040 for the rest of the world. It also decided to stop supporting companies developing new coal-fired power plants or thermal coal mines, and opted for a total phase-out of shale oil & gas activities in the United States within two years. As part of its involvement in the Act4nature International initiative, Natixis also adopted a series of concrete commitments to preserve biodiversity and natural capital through its various business activities, and to make biodiversity a focal point of its ESG policy and its relationship with customers. By signing the Responsible Digital Charter, Groupe BPCE has also affirmed its commitment to an ethical and environmentally friendly digital transition. In particular, it is committed to reducing its digital environmental footprint and developing services that are accessible to all, inclusive, and sustainable.

Reflecting these advances in ESG, MSCI raised Groupe BPCE’s rating to AA, recognizing the Group’s integration of environmental, social and governance (ESG) issues into its policies (development, human resources, risks, business ethics, cybersecurity, etc.), and V. E. raised the Group’s non-financial rating from “Robust” to “Advanced” with, in particular, an increase in the rating awarded in terms of environmental strategy (+13 points) and reduction in the impact of its business lines on the climate (+9 points) and reduction of its direct footprint thanks to its mobility policy (+20 points). In addition, on August 3, 2020, Groupe BPCE announced it was entering into exclusive negotiations with Ripplewood Advisors LLC for the sale of the entire share capital of Fidor Bank AG. Closure of this deal is planned for the first half of 2021, pending regulatory authorizations. On December 31, 2020, Groupe BPCE finalized the sale of its subsidiary Fidor Solutions to Sopra Banking Software, a subsidiary of the Sopra Steria group, with no additional impact on consolidated income.

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE

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