Because climate change is a major challenge of our time, the Group has made it an area of priority action for all its business lines and companies.
- Commitment to align the Group’s portfolios with a “Net Zero” trajectory by prioritizing the portfolios where the bank can have the greatest impact, i.e. those that concentrate the most greenhouse gas-intensive sectors,
- Support for all customers in their environmental transition: project financing, privileged advisory services and strategic dialogue about the transition, offer of dedicated ESG savings solutions,
- Extension of the sustainable refinancing strategy: expanded issuance policy (theme of energy transition alongside green & social bond issues), ESG savings and investment products for customers, O2D approach in financing new production of green & social assets,
- Accelerated reduction of the Group’s own environmental footprint: real estate, employee mobility, purchasing, digital practices.
Alignment of the Group on a “Net Zero” emission trajectory
– 2050 target for corporate financing portfolios(1)
– 2030 target for the Natixis Insurance general fund(2)
Publication of annual TCFD report (Task Force on Climate-related Financial Disclosures) starting in 2021
≥ 3 issues of green & social bonds / year
Group’s own carbon footprint -15% vs. 2019
(1) Intermediate milestones: 2.5°C in 2024, 2.2°C in 2030, 1.5° in 2050
(2) Intermediate milestone: 2°C in 2024
Commitment to a “Net Zero” emission trajectory supported by dedicated measurement tools
Measurement of climate impacts and definition of an alignment trajectory for all the Group’s portfolios
- Extension of the Green Weighting Factor (GWF), the Group’s proprietary methodology designed to score the climate and environmental impact of each asset and developed since 2018 for the Corporate & Investment Banking activities (which account for almost 80% of the Group’s exposure to the most emission-intensive sectors) to establish the temperature trajectory of the portfolios per sector,
- Systematized use of Green Evaluation Models to allow other balance sheet activities to be given a climate score. In this way, the Group will extend its measurement and alignment work to its other portfolios on the basis of internal models enhanced by specific data: corporate loans (use of the Carbon Disclosure Project supplier), home loans (partnership with the Centre Scientifique et Technique du Bâtiment [Scientific and Technical Center for the Construction Industry] to obtain energy performance reviews for financed assets), loans to local authorities (government data), etc.
Groupe BPCE is already able to manage and demonstrate the alignment on a “Net Zero” emission trajectory of the portfolios whose impact is potentially the most significant. To this end, Groupe BPCE has joined the Net Zero Banking Alliance coordinated by the United Nations Environment Programme Finance Initiative (UNEP FI)
Rollout of the Green Evaluation Models methodology on 100% of the portfolios