Groupe BPCE

RATING

SECTOR

Banking

WEBSITE

CONTACT

50 avenue Pierre Mendès
France – 75201 Paris Cedex 13

Tel: + 33 (0)1 58 40 41 42

STOCK EXCHANGE

LISTING

  • BrandFinance Global Banking 500 (100) By Brand Finance 2021 #98
  • BrandFinance Global Banking 500 (100) By Brand Finance 2020 #94
  • Brand Finance France Top 50 By Brand Finance 2016 #47
  • BrandFinance Global Banking 500 (100) By Brand Finance 2016 #94

EMPLOYEES

100,849

CHIEF SUSTAINABILITY OFFICER

Thomas Girard

AWARDS

  • Groupe BPCE was recognized for this emblematic program with the “Euro Deal of the Year” award given by The Covered Bond Report Awards for Excellence 2020.
  • 2020 Grands Prix de la Transparence (Transparency Awards) 

Caisse d’Epargne

  • 2020 CORBEILLE D’OR (Gold Award) / Category: Retail Banking: 1st prize
  • 2020 CORBEILLE D’OR (Gold Award) / Category: Retail Banking Long-Term Products: 1st prize
  • 2020 3 CERTIFICATES / Category: Retail Banking “Best 1 year SRI Management”; “Best range of equities over 1 year”; “Best range of equities over 5 years.”

Banque Populaire 

  • 2020 CORBEILLE D’OR (Gold Award) / Category: Retail Banking: 3rd prize

Mirova

  • 2020 CORBEILLE award / Category: Asset Management Company: 3rd prize
  • 2020 CORBEILLE award / Category: Long-Term Asset Management Company: 3rd prize

Natixis Interépargne

  • 2020 CORBEILLE award: “EMPLOYEE SAVINGS PLANS”: 1st prize

CONTENT SOURCE

FURTHER READING

No further reading sources were found.

Report created by Kavita Kripalani

 

Groupe BPCE

SECTIONS :  Sustainability •  Targets     Evaluation •  Key Points  •  Overview

Company Activity

Groupe BPCE is a French banking group, formed by the 2009 merger of CNCE and BFBP. The group has 8,200 branches nationwide. Through its 100,000 staff, the group serves 36 million customers individuals, professionals, companies, investors and local government bodies around the world.

Groupe BPCE, the 2nd largest banking group in France, pursues a full range of banking and insurance activities. It operates in the retail banking and insurance fields in France via its two large networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine. With Natixis, it also runs global asset management, corporate & investment banking and payments business lines.

 

Company Sustainability Activity

Groupe BPCE has made corporate social responsibility (CSR) an integral part of its business activities and decision-making processes. Its CSR approach underpins the long-term relationships it forges with all its different stakeholders.

Highlights

Groupe BPCE’s CSR actions are focused on three areas: 

  • Purchasing, in order to define the foundations of a sustainable low-carbon purchasing strategy by exploring potential areas of leverage and prioritizing the actions to be taken
  • Sustainable employee mobility, to drive an ambitious change dynamic in the Group’s mobility practices
  • Responsible digital service (“green IT”), with the signing of the Responsible Digital Charter for an ethical and eco-responsible digital transition

Targets

Groupe BPCE has identified strategic targets and monitoring indicators with regard to its actual contribution. All the initiatives described in the non-financial performance statement and all the risks identified by the Group have been analyzed with regard to the SDGs.

Groupe BPCE identified two types of strategic goals: 

  • The SDGs for which Groupe BPCE makes a positive contribution, i.e. action taken by the Group to facilitate the achievement of the goals by 2030 
  • The SDGs for which Groupe BPCE has taken action to minimize its identified risks
 

Progress

Measure and promotion of the local socio-economic footprint

  • Completion in 2019 of seven socio-economic footprint studies based on 2018 data, calculating direct and indirect impacts and those generated by the business activity
    • A study of the cumulative impact of the two networks, for the Caisse d’Epargne network, for the Banque Populaire network, and for Caisse d’Epargne Aquitaine Poitou-Charentes, Caisse d’Epargne Grand Est Europe, Banque Populaire Aquitaine Centre Atlantique, and Banque Populaire Val de France
    • Creation of a database as of December 31, 2018, to measure the socio-economic footprint of all the Banques Populaires and the Caisses d’Epargne.

Responsible Savings

  • Training and awareness courses on the distribution of SRI funds organized by Mirova for the Banque Populaire and Caisse d’Epargne networks
  • Work underway to improve transparency and measure the impact of passbook savings accounts

Development of responsible purchasing

  • Monthly survey to measure payment terms in the Group’s banks; creation of a working group to identify, share and implement best practices 
  • Promotes services outsourced to companies working with persons with disabilities by Group entities and services and suppliers that meet CSR criteria
  • Communicates on the impact of regulatory developments for purchases from companies working with persons with disabilities
  • “Responsible Supplier Relations and Procurement” certification for 14 banks: BPCE SA, BP Sud, CE Hauts de France, BP Grand Ouest, BP Rives de Paris, CE Bretagne Pays de Loire, CE Grand Est Europe, CE Ile-de-France, CE Midi-Pyrénées, CE Aquitaine Poitou Charentes, CE Rhône Alpes, CE Côte d’Azur, BP Alsace Lorraine Champagne, and BP Méditerranée

Inclusive Finance

  • Integration of expanded criteria for identifying financially vulnerable customers, and implementation of quarterly reporting to the OIB
  • Majority deployment, in the banks, of structures dedicated to receiving and handling specific customer issues
  • Revision of predictive scoring for identifying the risk of over-indebtedness

Reduction of direct environmental impacts

  • Working groups to produce an action plan for reducing their emissions in procurement, transport and responsible digital practices
  • Participation in the first Digital CleanUp day
  • Employee training in responsible digital technology

Groupe BPCE has developed three types of bond programs: 

  • Green bonds relate to environmental sustainability: the refinanced loans are expected to contribute to reducing the effects of climate change (CO2 emissions) or other environmental challenges (e.g. sustainable agriculture, biodiversity, waste, water) through clean energy production, energy savings, or other types of action 
  • Social bonds – Human Development responds to the challenges of social sustainability through contributions to economic systems that are essential for human development (education, healthcare, social inclusion, social housing) and that could potentially benefit people who live and work in areas or communities that are economically and/or socially disadvantaged;
  • Social bonds – Local Economic Development supports the development and resilience of regions and communities by funding small businesses, SMEs, local authorities and non-profit organizations that seek to benefit people who live and work in areas or municipalities that are economically and/or socially disadvantaged
 

Certificates

  • ISO 26000
  • Lucie label for 3 banks
  • AFNOR CRS committed label certification for 1 bank
  • B-Corp certification for 1 bank (certification covering the CSR policy as a whole)
  • ISO 50001
  • NF HQE / NF Office buildings (French standards) 
  • and 2 banks with rHPE and BREEAM
  • 7 banks with responsible supplier relations labels 
  • 8 banks with gender equality certification
  • 1 bank with Cancer@Work certification

UN Sustainable Development Goals

UN SDGs Compliance

SDG 1: No Poverty

  • 1.4 Banking services for vulnerable customers

SDG 3: Good Health and Well-being

  • 3.4 Charters and policies to improve well-being in the workplace 
  • 3.4 Systems to limit psychosocial risks
  • 3.5 Exclusion policy for tobacco financing and investments (Natixis)

SDG 4: Quality Education

  • 4.3, 4.4 Commitments to develop employee value and professional training
  • 4.4 FNBP Educational patronage

SDG 5: Gender Equality

  • 5.1 Raising awareness of gender equality
  • 5.5 Initiatives to raise the percentage of female executives

SDG 7: Affordable and Clean Energy

  • 7.2 Renewable energy financing 
  • 7.3 Special solutions to fund thermal renovations

SDG 8: Decent Work and Economic Growth

  • 8.3 Carrying out a study of the socio-economic footprint of CE and BP: 1.6 million jobs supported (2018 figures)
  • 8.4 Incorporation of criteria to ensure new investments do not harm the environment 
  • 8.4 Action to limit the environmental impact of the activity 
  • 8.5 Commitment to employment and anti-discrimination recruitment policies
  • 8.5 Carrying out a study of the socio-economic footprint of CE and BP: 1.6 million jobs supported (2018 figures)
  • 8.6 Support for young people in the job-seeking process
  • 8.7, 8 Recognition of ESG criteria to incorporate human rights and labor law in financial decisions
  • 8.10 Specific products ensuring access to banking services for all

SDG 9: Industry, Innovation and Infrastructure

  • 9.3 Specific financing solutions and professional 

SDG 10: Reduced Inequalities

  • 10.2 Special solutions for persons under legal guardianship and initiatives to facilitate access to banking services for persons with disabilities

SDG 11: Sustainable Cities and Communities

  • 11.4 Patronage of cultural heritage and culture

SDG 12: Responsible Consumption and Production

  • 12.c Exclusion policy for investments in oil and gas sectors (Natixis) 
  • 12.6 Exclusion policies and incorporation of ESG criteria in financing and investments
  • 12.6 Questionnaire to assess the appropriation of ESG criteria by business customers and custom

SDG 16:Peace, Justice and Strong Institutions

  • 16.4 Systems to combat fraud and crime 
  • 16.5 Fight against corruption 
  • 16.6 Initiatives for transparency and responsibility in marketing and relations with suppliers
  • 16.6 Dialog with stakeholders, and collaborative working and decision-making methods

Evaluation

Groupe BPCE has made sustainability and corporate social responsibility (CSR) an integral part of its business activities and decision-making processes.

Groupe BPCE has identified strategic targets and monitoring indicators with regard to its actual contribution. All the initiatives described in the non-financial performance statement and all the risks identified by the Group have been analyzed with regard to the SDGs. 

Despite its explicit compliance with the UN Sustainable Development targets, Groupe BPCE does not disclose any other specific or measurable targets or initiatives in regards to sustainability.

The company does hold numerous certificates and awards that support its initiatives, however, Groupe BPCE’s progress in sustainability is mediocre at best. 

Groupe BPCE has been rated a C.

Analyst Outlook: Neutral

The company could benefit from setting more specific metrics and KPIs to support their progress.

Key Points

  • In 2020, for its first assessment by CDP, Groupe BPCE obtained an A- rating, one of the highest in the banking sector
  •  C-Prime – ISS ESG
  • AA – MSCI
  • 64/100 AVERAGE PERFORMER Sustainalytics
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