4 - Summary of Groupe BPCE’s climate commitments
Climate metrics of portfolios per business line
| Business line | Topic | Metrics | Situation in 2020 | Targets for 2024 | |
|---|---|---|---|---|---|
|
Groupe BPCE (excluding Asset Management and Insurance) |
Alignment of the Group’s portfolios with a Net Zero trajectory Net Zero | Coverage of loan outstandings using the Green Evaluation Models methodology | 33 % | 100 % | |
| Total fossil fuel exposures | Amount in €bn and % of our exposures to coal and % of total exposures | €0.5bn (0.04%) | €0m by 2030 for OECD countries / 2040 for the rest of the world | ||
| Green financing | Amount expressed in €bn for energy renovation, renewable energies and green mobility (including arrangement of new renewable energy financing solutions for major accounts) | +€21bn | |||
| Retail Banking and networks | Green exposures | Amount for energy renovation, renewable energies and green mobility in € billion | €7bn | €12bn over 2021-2024 | |
| Corporate & Investment Banking |
Alignment of portfolios with a Net Zero trajectory |
Green Weighting Factor Color Mix |
41 % brown |
27 % brown |
|
|
Temperature rise induced by financing |
3.2 °C |
2.5 °C in 2024 |
|||
| Carbon intensity of financing | 920 tonnes CO2-eq/€m (GWF scope) | ||||
| Green exposures | Renewable energy financed | 87% of new energy generation projects financed in 2020 | Minimum 75% of new power production projects funded (in generation) + €9bn arranged over the 2021-2024 period | ||
| Green revenues | Green Revenues x 1.7 | ||||
| Arranged green and sustainable bond issues | €11.95bn (€1.9bn of new green bonds arranged in 2020) | ||||
| Transition risk exposures | Share of assets exposed to transition risks (risk weighted assets identified in dark brown) | 14.40 % | |||
| Fossil fuel-related outstandings | €5.8bn in oil & gas outstandings in exploration & production activities | 15% reduction in exposure to exploration & production activities | |||
| Asset management - Natixis Investment Managers | Alignment of portfolios with a Net Zero trajectory Net Zero | Carbon intensity of investments | 726 tonnes CO2-eq/M€ of assets under management | ||
| Temperature rise induced by investments | Portfolio: below 3°C | ||||
| Green exposures | Outstanding green/social bonds | €18.5 billion in assets under management | |||
| Fossil fuel exposures | Fossil fuel-related outstandings | Coal sector: 0.2% of assets under management | |||
| Total fossil fuels: 4.4% of assets under management | |||||
| Insurance activities - Natixis Assurances | Alignment of portfolios with a Net Zero trajectory Net Zero | Carbon intensity of investments | 166 tonnes CO2-eq/M | ||
| Temperature rise induced by investments | 2.7 °C | 2 °C in 2024 1.5 °C by 2030 | |||
| Green exposures | Share of green assets | 4.5 % | 8.5 % | ||
| Fossil fuel exposures | Fossil fuel-related outstandings | 2.1% of assets (€1.2bn, including €1bn from the main fund) including €0.07bn on thermal coal | €0m coal sector by 2030 for OECD countries and 2040 for the rest of the world | ||
