BPCE_REGISTRATION_DOCUMENT_2017

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

ENERGECO: a subsidiary dedicated to renewable energy since 2000

Caisse d’Epargne Bretagne Pays de Loire financed the heating ● network for the Belle-Beille district in Angers, consisting primarily of wood-fired biomass boilers and the distribution network. The loan was arranged and syndicated by Hélia Conseil for a total of € 16 million. Bpifrance and Caisse des dépôts et consignationsalso took part inthe project; Caisse d’EpargneProvence-Alpes-Corsearranged the refinancingof ● a portfolio of operating solar power plants, coupled with an acquisition, via a senior debt vehicle of € 45 million for ALTUS ENERGY. An independent renewable energy producer, ALTUS ENERGY recently finalized a global deal to refinance 10.1 MW in operating solar power plants and to purchase 3 MW in rooftop solar power facilities, with Caisse d’Epargne, sole arranger of the deal, and Bpifrance,which cameon board at theclosing; CEPAC also co-financed VALECO and its partners, which ● inaugurated the Découverte solar power plant, capable of generating enough electricity to power 6,000 homes in the Occitanie region. Funded by a consortium of commercial banks (CEPAC, Crédit Agricole du Languedocand Unifergie-GroupeCrédit Agricole) and Bpifrance, the project was aided by capital contributions from VALECO and Mirova, with the backing of the European Investment Bank (EIB) in accordance with the Juncker Plan. The innovative partnership, unprecedented in Europe, organized between VALECO, the EIB (under the Juncker Plan) and the banking consortium, mobilized € 220 million in financing and guarantees. The purpose of the partnership is to support the construction and operation of wind farms and solar PV power plants in France developed by VALECO, including the Découverte plant, representing atotal capacityof 185 MW. In the interest of structuringand ramping up the developmentof the Caisses d’Epargne in all of these activities, a new Financial Engineering division was created on January 1, 2017 in the Caisse d’EpargneDevelopmentdivision (Retail Banking and Insurance)of the central institution,BPCE SA group.

Natixis Lease subsidiary Natixis Energéco is an active supporter of renewable energiesin mainlandFrance and overseas territories. In 2017, Natixis Energécofinanced 35 new deals for a total arranged amount of € 429 million. The projects are located in France and will add total installed capcity of 373.5 MW to the followingsectors:

Wind power: 107 MW; ● Solar power: 266.5MW. ●

Caisse d’Epargne network: financial engineering expertise put to use for renewable energy Since the early 2010s, the Caisses d’Epargne have formed teams specifically to address financial engineering fields such as private equity, advisory services and arrangement of structured financing solutions. These teams have since built up the expertise needed to secure a strong position in the renewableenergy market. Examplesof their achievements in2017 include: Caisse d’Epargne Loire-Centre was selected by VOL-V Group to ● structure and arrange senior debt totaling € 18 million for the Le Bois Violette Wind Farm in Eure-et-Loir ( département 28), comprised of 6 wind turbines with a total maximum capacity of 13.8 MW (total project cost: € 20 million). Caisse d’Epargne Loire-Centre, public investment bank Bpifrance, Caisse d’Epargne Languedoc-Roussillon and Crédit Coopératif all teamed up to finance theproject; Caisse d’EpargneAquitainePoitou Charenteinvested € 28 million in ● 200 solar-poweredagriculturalfacilities set to generate 20 MW of electricity. The project was led by Ineo Aquitaine (Engie Group), completed by Hélia Conseil and financed by Caisse d’Epargne Aquitaine Poitou Charentes and Bpifrance;

Support for renewable energy by BPCE International In New Caledonia, Banque de Nouvelle-Calédonie and BPCE the help of Banque de Tahiti, the two entities also financed the Internationalteamed up to finance the constructionand operation constructionand operation of the Eole de Yaté wind farm (South of the Boulouparis solar PV power station (South Province). It is Province), comprising 24 windmills with an installed capacity of slated to be the biggest solar power station in the region, spanning 20.4 MW. 20 hectares and boasting an installed capacity of 11.2 MWc. With

6

Grand Ouest Environnement: renewable energy at the heart of regional development Financial engineering structure Atlantique Environnement (renamed “Grand Ouest Environnement”as of December 2017 with the merger of Banque Populaire Atlantique and Banque Populaire Ouest) was established in 2011 to meet the growing demand for renewable energy project financing in western France. This project is the direct result of the CSR policy initiated by Banque PopulaireAtlantiqueand earned LUCIE CSR certification.

Its purpose is to meet the needs of customers and the network of branchesfor oversightand expertiseon all projects in the energy and environmentalfields. The ambition is to create a profitable business generating consolidatedNBI in excess of € 1 million. There are currently four employees working with the Credit division and with Atlantique Syndication to manage deals totaling over € 4 million in debt. Total outstandings come to more than € 150 million, mostly in solar PV power, but increasinglyin the biogas sector as well. The structure has financed over 350 projects, including more than 250 deals insolar PVpower.

541

Registration document 2017