THE GROUPE BPCE CLIMATE REPORT OCTOBER 2021

3 - Dedicated functions ensure theoperational pursuit of the climate-relatedstrategic orientations in all the Group’sentities

Role of the Climate Risk Committee

Committee Presidency Frequency of meetings Role & responsibilities Topics addressed and decisions validated related to climate risks
Climate Risk Committee Climate Risk CommitteePresidencyClimate Risk CommitteePresidency

Chairman of the Management Board

The members include representatives of the Banques Populaires and Caisses d’Epargne

 Climate Risk CommitteeFrequency of meetingsClimate Risk CommitteeFrequency of meetingsEvery six months Climate Risk CommitteeRole & responsibilitiesClimate Risk CommitteeRole & responsibilities
  • Examine the principal areas of the Group’s existing or potentially emerging climate and environmental risks
  • Set up controls to verify compliance with the strategic plan and the different policies in terms of climate risks, objectives, metrics, and analysis tools used
  • Build scenarios and validate transition matrices for climate stress tests to appraise the resilience and vulnerability of our business model
 Climate Risk CommitteeTopics addressed and decisions validated related to climate risksClimate Risk CommitteeTopics addressed and decisions validated related to climate risks
  • Review of the work carried out on all aspects of climate risk with a view to providing a comprehensive overview of the challenges in this area

3 - Dedicated functions ensure the operational pursuit of the climate-related strategic orientations in all the Group’s entities

3.1 - CSR function

All the entities of Groupe BPCE - the Banques Populaires, Caisses d’Epargne, Natixis, Banque Palatine and Oney - have their own CSR Departments. These different structures are grouped together in the form of a functional department coordinated by the Group CSR Department with the support of the CSR Departments of the Retail Banking & Insurance business line and Natixis. Within these divisions, the CSR Departments of each entity are responsible for implementing the Group’s commitments, coordinating the activities of their in-house function, contributing to the implementation of CSR policies, and ensuring the reliability of the non-financial reporting system.

For business activities related to Retail Banking, the CSR Department of the Retail Banking & Insurance division, working in liaison with the FNBP and FNCE, runs a network of CSR correspondents comprised of approximately 70 fulltime equivalent employees. In areas related to Corporate & Investment Banking, Asset Management, Insurance, and Payments, the CSR Department of Natixis relies on a network of some 200 CSR correspondents appointed in all the different businesses and functions. Correspondents coming from Natixis’ business activities attend business forums aimed at developing CSR in the businesses while the correspondents originally from functional departments (Real Estate and Logistics, Human Resources, Compliance, IT, etc.) are involved in projects related to making sustainable development an integral part of the company’s operations.

The Green & Sustainable Hub: a concentrate of expertise

This operational hub, created in 2017, is comprised of a team of experts dedicated to supporting issuer and investor clients worldwide with solutions and expertise in green and sustainable finance. This expertise applies to all asset classes: finance structuring and origination and investment solutions, in partnership with the business lines thanks to the support of ‘Green Captains’ and in liaison with the CSR Department. The Green & Sustainable Hub provides training throughout the year to enhance the Green Captains’ skills regarding the different facets of sustainable finance.