THE GROUPE BPCE CLIMATE REPORT OCTOBER 2021

2 Strategy

3.3 - Supporting all customers in their transformation and turning the environmental transition into an opportunity

Groupe BPCE fully intends to support all its customers in their transformation in line with environmental challenges and to make the environmental transition one of its key growth drivers by 2024. Groupe BPCE is consequently beginning to transform its own core business lines: retail banking, insurance, payments, asset management, and corporate & investment banking.

3.3.1 - Retail Banking

Groupe BPCE has identified five priority areas and is building an ecosystem of partners to support all its customers in their own transition projects. In this way, the Group intends to:

  • Enhance its leadership in two major markets - the energy renovation of property & buildings and the development of renewable energies - by consolidating its regional positioning in this segment,
  • Promote sustainable mobility, support businesses in their own transition, and strengthen its range of solutions in green financial & bank savings.

For Groupe BPCE, supporting all its customers means:

  • Providing advisory services and dialogue dedicated to the environmental transition by providing its sales teams with a high level of training and by creating platforms of expertise at Group level focused, in particular, on renewable energies,
  • Entering into high-quality partnerships to support our customers’ transformation processes and offer them a single point of contact for their transition. These partnerships are focused in particular on energy renovation issues,
  • Setting up a dedicated range of financing offers, impact loans, specific savings and insurance products, with the right level of traceability of balance sheet information,
  • Offering its ‘green’ solutions on a systematic basis: - By suggesting to buyers of properties suffering from average or poor energy performance diagnoses that they take out an energy renovation loan, - By including SRI funds in the range of savings products offered to customers.

€6.6 billion in green and social bonds outstanding at the end of 2020.

 

Financing green growth: target exceeded

Groupe BPCE is one of the French leaders in renewable energy financing and funds projects of all sizes through its various entities, with the Banques Populaires and Caisses d’Epargne being key players in local projects. At the end of 2020, the Group’s outstanding loans granted to finance green growth1 stood at €11.3 billion, a total in excess of the €10 billion target adopted in its previous strategic plan.

1. Outstanding renewable energy financing, energy renovation loans for buildings, financing of eco-friendly equipment for professionals and SMEs, and the financing of green vehicles.