BPCE_REGISTRATION_DOCUMENT_2017

6 SOCIAL, ENVIRONMENTAL AND SOCIETAL INFORMATION A range of services to meet the challenges facing our customers

For nearly 20 years, Crédit Coopératifhas led the way in terms of solidarity-based financeproductsin France,havingdevelopeda rangeof solidarity-based investment funds. Through two passbook savings “AGIR” productsincludinga debit card that triggers a micro-donation accounts(REV3and“ Coopération pourmarégion ”), investorscanalsoput with each use, and six passbook savings accounts. Through these theirdepositsto workfundingthe socialandsolidarity-based economyin passbooks, CréditCoopératifcustomerscan showtheirsolidaritywithan theregionof theirchoice(or exclusively in theHautsde Franceregionfor associationof theirchoiceby sharingsomeor all of the interestaccrued REV3). Through these products, Crédit Coopératifis meeting growing on their account.The flagshipproductis the LivretAGIR , whichdonates demand by loyal customersfor transparentinformationon how their 50% of the accruedinterestto one of the 25 beneficiaryassociations moneyis used,by providingthemwithtraceabilityon the use of deposits listedby the bank.In 2017,over € 3 millionin donationsweremade via to theirpassbooksavingsaccounts. Crédit Coopératif solidarity-basedproducts and Ecofi Investissements

2017

2016

2015

Production of responsible passbook savings accounts (outstandings in millions of euros) LDD sustainable development passbook savings account CODEVair passbook savings account Regionalpassbook savings account Crédit Coopératif solidarity-based passbook savings accounts

Number

Outstandings

Number

Outstandings

Number

Outstandings

312,664

1,268 281,648*

1,047*

298,739*

1,047*

6,918

411 309

4,807

224

4,659

191

10,599

14,279

1,861

22,018

2,287

67,538

662

NC

NC

NC

NC

*

Rectifieddata.

ESG/SRI EXPERTISE SERVING THE SUSTAINABLE DEVELOPMENT CAUSE Groupe BPCE is a longstandingleader in SRI, a field where it boasts extensive expertise. It is able to offer an extremely diversified SRI range to all customer bases and has set an ambitious target: to increaseSRI depositsand savingsby 50% by 2020 in accordancewith its strategic plan. Natixis Asset Management (NAM): a responsible asset manager For several years now, NAM has chosen to enhance its responsible investmentapproach,a business line componentof its CSR strategy. This approach is centered around four key commitmentsand special pro-climate initiatives implemented daily by the investment teams dependingon the specific haracteristicsof their assetclass: understanding sustainable development priorities, analyzing their ● impacts onsectors,and assessing abroad range of issuers. Natixis Asset Management relies on the ESG research expertise developed and deployed by its subsidiary Mirova, tasked with assessing the environmental,social and governance performances of more than 3,700 issuers. The analysts are responsible for performing: an opportunity review designed to determine to what extent an - issuer’s business model offers solutions that meet sustainable development priorities, an ESG risk review aimed at assessing how well an issuer - incorporatesand respondsto ESG risks, irrespectiveof the quality of its business model. The combination of the opportunity and ESG risk reviews determinesthe overall sustainabledevelopmentopinion. Issuer ESG ratings and the research produced by the ESG analysts are then made available and broadly distributed to the NAM portfolio managementteams; expanding the integrationof ESG factors in portfolio management ● by including ESG criteria and an exclusion policy. Two SRI and solidarity-based investments

complementaryapproachesare appliedto all portfoliomanagement expertise: identificationof ESG criteria to be included,based on the specific - features of each asset class, exclusion of certain issuers failing to meet basic principles of - responsibility from the NAM investment universe; encouragingissuers to improve their ESG practices by sharing our ● views at Annual General Shareholders’ Meetings and initiating a constructive dialog with stakeholders. Natixis Asset Management undertakes to use its influence to encourage issuers to improve their environmental,social and governancepracticesby capitalizing on: voting rights exercisedat AnnualGeneralShareholders’Meetings, - covering a comprehensivescope of issues and complying with a strict and active policy that incorporates social and environmental considerations, an engagementapproachconsistingin maintaininga constructive - dialog with issuers with the aim of understandingtheir practices and guiding them to adopt higherESG standards. In addition, through the collaborative platform launched by its subsidiary Mirova (of which it is a member), NAM continued its efforts to initiate dialog on two complex issues calling for close monitoringof the practicesused by the companies inquestion: social risks inthe supply chain, - explorationof oil resourcesin the Arctic; - co-building standards and promoting responsible asset ● management. NAM actively participates in 18 financial center bodies and working groups, and thus is helping to co-build high responsible investment standards. It is also contributing to the promotion and professionalization of responsible investment throughtwo complementaryinitiatives: support for academic research to promote better understanding - of ESGpriorities bythe financial industry, regular lobbying of national and internationalregulators,as well - as various professional bodies, to promote the development of regulations and standards specifically designed to encourage responsible asset management.

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Registration document 2017