Thresholds applied to the climate impact ratings on the financing portfolios of projects related to the production, the transmission and the distribution of electricity
This diagram shows the thresholds applied to the climate impact ratings on the financing portfolios of projects related to the production, the transmission and the distribution of electricity.
Production of renewable energy:
- Solar energy
- Wind power
- Hydraulic power
- Geothermal energy
- Biogas
- Wood biomass (Impact related to the origin of the wood and its effects on forest preservation)
Nuclear power
(Low carbon intensity but need for vigilance owing to the management of radioactive waste)
Oil & Gas:
- Electricity generated using gas (Carbon intensity dependent on the technology used)
- Electricity generated using oil
Transmission & distribution
(Highly dependent on usage (connection to renewables or fossil assets, interconnections, etc.)
Today, more than 80% of the non-dedicated financing granted by the Corporate & Investment Banking division (excluding the financial sector) is covered by the GWF mechanism.
Based on the mix of GWF ratings, the temperature of the portfolios is deduced and the relevant alignment trajectory is adopted.
The Corporate & Investment Banking portfolio concentrates the Group’s financing of major corporations, particularly those active in the energy, basic industries (steel, cement, chemicals) and transport sectors. Thanks to the GWF, the Corporate & Investment Banking portfolio - which represents the most carbon-intensive exposures financed by Groupe BPCE - is engaged on a 1.5°C trajectory, with an intermediate 2.5°C milestone at the end of 2024.
More than 80% of the non-dedicated financing of the Corporate & Investment Banking division (excluding the financial sector) is covered by the Green Weighting Factor mechanism.