BPCE_REGISTRATION_DOCUMENT_2017

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

Caisses d’Epargne: helping local authorities achieve their energy and ecological transition projects As a longstandingpartner of the local authorities, Caisse d’Epargne has workedfor years tohelp themadapt to the energy transition. The programs initiated jointly with the European Investment Bank (EIB) have developed financing and financial engineering solutions specifically designedto attainthese major regional goals. Three tranches of the EIB’s “HQEE II” credit line for the energy efficiencyof governmentbuildings have been used to finance nearly 200 projects in the French regions for a total of over € 280 million since the endof 2010. The EIB’s Board of Directors granted BPCE a refinancing facility of € 100 million earmarkedfor the “energy optimizationof government buildings.” These new funds will be used to co-finance the construction and renovation of government buildings and public lighting systems. In 2017, they served to finance the renovation of middle schoolsand communitycenters,and to connectthe town hall to a heating network,for a total of over € 16 million. The Caisse d’Epargnenetworkalso uses the EIB’s “E&A II” programto finance local authorityinvestmentsin water and sanitationprojects, including the construction or upgrading of water treatment plants,

the renovation or extension of water or sanitation networks, and rainwater storage tank projects. The Caisses d’Epargne notably funded the first positive-energywater treatment plant in France for € 41 million. BREEAM-certified ( Building research establishment environmental assessment method ) and equipped with very high-performance facilities, this plant “of the future” will treat wastewater generated by the equivalent of 160,000 people during the heaviest downpours,while generatingpowery by recyclingwater treatmentsludge. Financing the development of renewable energy: a central mission of the energy transition movement Groupe BPCE is a French leader in renewable energy financing. The regional roots established by the Banque Populaire banks and the Caisses d’Epargne have made them key players when it comes to funding local projects. The networks rely on the expertise of several specializedsubsidiariessuch as Grand Ouest Environnement,Hypéria Finance and Natixis Energeco, which develop solutions tailored to the needs of this fast-changing market. Groupe BPCE’s renewable energy loan outstandings amounted to € 6.8 billion at June 30, 2017, and are focused on solar power (46%) and wind power(32%), predominantlyin France (65%). In addition to mature renewable energy sources, the group aims to meet customer needs on more innovative projects like biogas. An opportunitystudy was conductedand the group’s risk policy adapted in a bid to establish its institutions on this highly dynamic market. The group also teamed up with GRDF to prepare and distribute a financingguide for biogas projects. Natixis supports the development of renewable energy around the world throughits local offices,particularlyin Europe,the Middle East, Australia, and North and South America. Financing activity was very robust in 2017, especially in the fast-growing offshore wind power sector and in the Middle East, where Natixis has secureda positionas a top-tiercreditorsupporting renewableenergyprojects. Natixis is No. 3 in the MENA ( Middle East and North Africa ) region, according to the rankings establishedby leadingpublication IJGlobal. In the Corporate & Investment Banking division, the Global Infrastructureand Projects (GIP) team financed14 new deals in 2017 for a total of € 6,890 billion (of which € 2,218 million arranged by Natixis)and a total installed capacityof 4,851MW: four offshore windfarms with a total capacityof 1,715MW; ● three onshorewind farmswith a total capacityof 404MW; ● seven solar PVfacilities with atotal capacityof 2,732 MW. ● At end-2017, renewable energy accounted for almost 75% of the loans granted by the GIP team in the electricity sector.

RENEWABLE ENERGY EXPOSURES ➡

Other 22%

Solarpower 46%

Wind power 32%

BREAKDOWN OF AUM BY CONTRIBUTOR ➡

CréditFoncier 9%

BanquePalatine 4%

Natixis 45%

CE Network 23%

BP Network 19%

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Registration document 2017