THE GROUPE BPCE CLIMATE REPORT OCTOBER 2021

1 Governance

Committees dedicated to climate issues

Committee Presidency Frequency of meetings Participants Mandate / Principal assignments
EMC CSR Comittee Set up in January 2021 EMC CSR Comittee Set up in January 2021PresidencyEMC CSR Comittee Set up in January 2021PresidencyChairman of the Management Board EMC CSR Comittee Set up in January 2021Frequency of meetingsEMC CSR Comittee Set up in January 2021Frequency of meetings3 to 4 times a year EMC CSR Comittee Set up in January 2021ParticipantsEMC CSR Comittee Set up in January 2021Participants
  • Members of the Executive Management Committee
  • Group CSR Department

Guest members:

  • Natixis CSR
  • Retail Banking & Insurance CSR
 EMC CSR Comittee Set up in January 2021Mandate / Principal assignmentsEMC CSR Comittee Set up in January 2021Mandate / Principal assignments
  • Validate the Group’s CSR strategy for the environmental transition and ensure that this strategy is implemented
  • Validate the Group’s CSR positions
  • Ensure that the Group meets its CSR regulatory requirements
Strategic Environmental Transition Committee Set up in January 2021 Strategic Environmental Transition Committee Set up in January 2021PresidencyStrategic Environmental Transition Committee Set up in January 2021PresidencyChairman of the Management Board Strategic Environmental Transition Committee Set up in January 2021Frequency of meetingsStrategic Environmental Transition Committee Set up in January 2021Frequency of meetings3 to 4 times a year Strategic Environmental Transition Committee Set up in January 2021ParticipantsStrategic Environmental Transition Committee Set up in January 2021Participants
  • Management Board member responsible for Retail Banking & Insurance
  • Management Board member responsible for Finance & Strategy
  • Chief Risk Officer
 Strategic Environmental Transition Committee Set up in January 2021Mandate / Principal assignmentsStrategic Environmental Transition Committee Set up in January 2021Mandate / Principal assignments
  • Define the Group’s CSR strategy and its positions regarding the environmental transition
  • Oversee the implementation of the environmental strategy and the achievement of the ambitions laid down in this strategy
  • Monitor the progress made by regulatory initiatives on ESG issues

2.2 - Strengthening climate risk management

The Risk Department and the General Secretariat, responsible for compliance and permanent control, ensure the measurement, oversight, and control of the risks faced by Groupe BPCE. On January 1, 2019, Groupe BPCE created a Climate Risk division within BPCE’s Corporate Risk Department. In 2020, climate risk correspondents were appointed in the risk departments of the entities belonging to the Banque Populaire and Caisse d’Epargne retail banking networks as well as in the Group’s subsidiaries. The Climate Risk division has implemented numerous initiatives devoted to governance, strategy, and risk management and is now focusing on the operational integration of risk-management systems and tools within the entities. The Climate Risk Committee - which is a decision-making and oversight committee - deals with climate risk issues from a cross-functional perspective on behalf of the Group and its different business lines, and prepares reports for the attention of the Supervisory Board’s Risk Committee.

Valérie DERAMBURE,
Head of Groupe BPCE CSR

« The fact that we report directly to the Chairman of the Management Board demonstrates the importance attached by our Group to the CSR dimension of its business activities. We wanted to set up an organization and governance structure that would enable us to manage efficiently the pursuit of the ambitions defined in our strategic plan with its resolute focus on the climate. By the nature of our businesses, we have a responsibility to work for a more environmentally responsible society and to contribute to the emergence of a society that is more sustainable. »