BPCE - 2020 Universal Registration Document

NON-FINANCIAL PERFORMANCE STATEMENT

SUPPORTING THE ENERGY, ECOLOGICAL AND SOCIAL TRANSITION IN LOCAL REGIONS

Lastly, Groupe BPCE is aware of the preparation by certain market associationsof green standards that will apply to specific financial products. This is notably the case of the European Covered Bond Council (ECBC) which intends to define energy efficiency benchmarks that will apply to mortgages included in the pool of covered bonds and define the scope of assets to be associated with a green Covered Bond. Groupe BPCE has developed three types of bond programs: green bonds relate to environmental sustainability. The • refinanced loans are expected to contribute to reducing the effects of climate change (CO 2 emissions) or other environmental challenges ( e.g. sustainable agriculture, biodiversity, waste, water) through clean energy production, energy savings or other types of action; social bonds – Human Development respond to the challenges • of social sustainability through contributions to economic systems that are essential for human development (education, healthcare, social inclusion, social housing) and that could potentially benefit people who live and work in areas or communities that are economically and/or socially disadvantaged; social bonds – Local Economic Development support the • development and resilience of regions and communities by funding small businesses, SMEs, local authorities and non-profit organizations that seek to benefit people who live and work in areas or municipalities that are economically and/or socially disadvantaged. ACHIEVEMENTS After issuing its first Green Bond to finance renewable energy projects in December 2015, Groupe BPCE doubled down on its green bond activity with a new €500 millionGreen Bond issue in November 2019. This issue was a big success and was oversubscribed more than four times.

As part of its sustainability bond program, Groupe BPCE has also completed several issues in other formats referred to as Social Bonds (Human Development Bonds and Local Economic Development Bonds) in 2017 and 2018, where three issues were issued in this category. In January 2019, Groupe BPCE issued a Local Economic Developmentbond for ¥50 billion (€404 million)on the Japanese domestic market. In 2020, Groupe BPCE pursued its strategy of issues dedicated to sustainable development in the various markets, with the issuance in May of a Green Covered Bond, a first in this format, dedicated to the financing or refinancing of loans intended for the constructionof highly energy-efficienthousing. This issue of €1.5 billion aroused exceptional enthusiasm, as investors expressed their interest with an order book of €6.4 billion. Groupe BPCE was recognized for this emblematic programwith the “Euro Deal of the Year” award given by The Covered Bond Report Awards for Excellence 2020. Through its issuance policy, Groupe BPCE contributes to the development of responsible finance by constantly innovating and respecting its ESG commitments.Since 2015, BPCE SA has issued €5.4 billion in green and social bonds. INVESTOR EXPECTATIONS Investor expectations are growing in terms of companies’ environmental and social responsibility. Their questions relate to the ESG policy of issuers and, in particular, their contribution to reducing greenhouse gases in the fight against climate change. They call for the development and deployment of robust impact measures in order to establish a baseline for continuous improvement, so as to direct capital towards sustainable investments and thus contribute to meeting current challenges ( e.g. climate change, poverty, access to health and housing).

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Steering customers’ deposits and savings towards a more responsible 2.3.5 economy

SOLIDARITY-BASED SAVINGS ARE PART OF GROUPE BPCE’S DNA

Groupe BPCE is a leading operator in solidarity savings in France: it is the leading collector and manager, according to the latest Finansol professional survey. https://www.finansol.org/2020/09/10/zoom-finance-solidaire-2020 -edition-en-ligne/ At December 31, 2019, Groupe BPCE managed nearly 36% of total solidarity-based savings (€4.5 billion outof €12.6 billion).

The Banques Populaires and the Caisses d’Epargne are regional cooperative banks that channel most of their customers’ savings and deposits into local projects.

OUTSTANDINGS OF SRI AND SOLIDARITY FUNDS AND FCPE SRI OR SOLIDARITY FUNDS MARKETED BY THE BP AND CE NETWORKS

12/31/2018

12/31/2019

12/31/2020

Change %

in billions of euros

Banque Populaire Caisse d’Epargne

2.1 1.1

2.5 1.5

5.8 4.6

132% 207%

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE