BPCE - 2020 Universal Registration Document

NON-FINANCIAL PERFORMANCE STATEMENT

SUPPORTING THE ENERGY, ECOLOGICAL AND SOCIAL TRANSITION IN LOCAL REGIONS

Supporting the energy, ecological and social 2.3 transition in local regions

In 2017, in its strategic plan (2018/2020), Groupe BPCE adopted its first indicators related to responsible savings and the financing of the energy transition. Three major objectives were included in this strategic plan: to reach €10 billion in outstanding loans to finance green • growth by the end of 2020; to record €35 billion in responsible deposits and savings; • to issue at least two sustainable bonds per year with its own • assets. This strategic plan came to an end on December 31, 2020. A final assessment of the achievement of the CSR objectives of the Group’s core businesses can now be done.

financing target: Growth steadily reached €11.35 billion, driven • in particular by the renewable energy sector. Despite intense competition and the falling cost of facilities, demand for renewable energy structured finance is not slowing. This approximately €10.4 billion exposure to these major projects is supplemented by the historical activity of financing the energy transition in retail banking. Groupe BPCE finances energy efficiency projects, including thermal renovations and low-carbon mobility solutions, for individuals, professionals and SMEs. As of the end of 2020, outstanding loans in this area amounted to €950 billion.

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GREEN GROWTH FINANCING OUTSTANDINGS

Monitoring of Green Growth assets (1) in billions of euros

2019/2020 Change as a %

12/30/2018

12/31/2019

12/31/2020

BP CE

0.6 0.5 7.5 8.6

0.5 0.5 9.8

0.5 0.4

(5.9%) (4.1%)

ENR

10.4 11.3

6.1%

TOTAL 5.1% Renewable energy loan outstandings + building energy renovation loans and environmentally friendly equipment loans for professional customers and SMEs + green car loans. (1) 10.8

Responsible savings: the objectives initially set were • exceeded, mainly thanks to the standardization of SRI management. The enthusiasm for responsible savings is also reflected in an increase in demand for savings accounts. The products distributed by Groupe BPCE’s networks are growing by an average of 28% per year, confirming the appeal of these types of products. The next challenge is to adjust the range of solutions to address the issues at stake.

The first priority is to address the themes of re-use, which must correspond to: consumers’ concerns, which are constantly changing; • the major CSR priorities set by governments; • banks’ sales targets. • The second priority is to enhance communications on these products to bring them into line with the highest standards of transparency and impact acknowledgement. The identification and traceability of financing for the energy and ecological transition are crucial to achieving the targets set.

RESPONSIBLE SAVINGS OUTSTANDING

Financial and bank savings

12/31/2018

12/31/2019

12/31/2020

Change (in %)

Resp. financial savings (SRI – sustainable ESG) Resp. bank savings (passbook savings accounts)

69.1

82.4

134.6

63.3%

3.4

4.0

5.2

30%

Total Resp. Savings

72.5

86.4

139.8

61.8%

Sustainable bond issues. • Between 2018 and 2020, Groupe BPCE issued two green bonds and five social bonds.

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE