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BPCEFrance
Active
This profile is actively maintained
Last update: 2023-02-03 11:48:18
BPCE head offices in Paris. Photo: Google Earth/Streetview
Active
This profile is actively maintained
Last update: 2023-02-03 11:48:18
About
| Website | http://www.bpce.fr/ |
| Headquarters |
50, avenue Pierre Mendès France
75201 Paris
France
|
| CEO/chair |
Nicolas Namias CEO |
| Supervisor | |
| Ownership |
BPCE has 9 million cooperative shareholders. |
Groupe BPCE is France's second largest banking group, formed by the 2009 merger of CNCE (Caisse Nationale des Caisses d'Epargne) and BFBP (Banque Fédérale des Banques Populaires). Through its subsidiaries (including Natixis), it provides banking, financial, and real estate financing services to individuals, professionals, small and medium enterprises, large enterprises and institutions in France and internationally. Groupe BPCE is a cooperative banking institution. BPCE is the central body of the cooperative banking group formed by the networks of the Banque Populaire banks and Caisses d'Epargne along with the other affiliated credit institutions, including Natixis.
Sustainability
Commitments
Policies
Voluntary standards
BPCE's most important sustainability commitments can be found at the website sections listed below.
Links
BPCE has committed itself to the following voluntary standards:
Dodgy Deals
BPCE is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of BPCE's link to these deals.
Projects / Companies
Finance type
Year
Campaigns
Banks and Climate
The 2022 Banking on Climate Chaos report showed that BPCE provided US$ 46.26 in financing to the fossil fuel industry between 2016 and 2021. Find further details on BPCE fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.
Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in the Coal Policy Tracker and Oil and Gas Policy Tool. Find further details on their assessment of BPCE fossil fuel policy below.
Banks and Human Rights
BankTrack assessed BPCE Group in its 2022 Global Human Rights Benchmark, where it achieved 3 points out of 14 and was ranked as a laggard. In addition, BPCE Group scored 0.3 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the "Accountability" section of this profile.
Global Human Rights Benchmark 2022
BankLast update
Country
Score
Ranking
Details
BPCE
FRA
3
Laggard
0
Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.
Banks and Nature
BPCE's policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 0.2 out of 10 and ranking it as a laggard. BPCE achieved a score of 0.2 out of 10 specifically for its policies related to the beef sector and 0.2 out of 10 for its policies related to the palm oil sector. Between 2016 and 2022, BPCE provided USD 1,390 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 55 million as of 2022. For more information, see the links below.
Forest & Finance Policy Assessment 2022: Overall scores
BankLast update
Country
Score
Ranking
Details
BPCE Group
2022-09-21
FRA
0.2
Laggard
0
Explanation
A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Forest & Finance Policy Assessment 2022: Beef
BankLast update
Country
Score
Ranking
Details
BPCE Group
2022-09-21
FRA
0.2
Laggard
0
Explanation
A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
Forest & Finance Policy Assessment 2022: Palm Oil
BankLast update
Country
Score
Ranking
Details
BPCE Group
2022-09-21
FRA
0.2
Laggard
0
Explanation
A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Tracking the Net Zero Banking Alliance
BPPCE is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.
Banks and Putin's war in Ukraine
BankTrack is keeping track of the public response of BPCE Group (Natixis) to Russia's illegal invasion of Ukraine. BPCE Group (Natixis)'s public position on the war is unclear. BPCE Group (Natixis) is considered by Leave-Russia.org to be "scaling back" with its operations in Russia. We consider its exposure to Russia as limited. BPCE Group (Natixis) supports the Russian fossil fuel industry through investments, loans, and underwriting. For further details, see the table linked below.
News
BankTrack
Partners
Blog
External
Resources
Documents
Links
Accountability
Grievances
Response
tracking
BPCE does not operate a complaints channel for individuals and communities that may be adversely affected by its finance.
Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance).
This page evaluates BPCE's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Banks and Dirty Diesel: Vitol and Trafigura (May 2017)
1
1
0
0
Response
1
Out of 1
Rationale for score
The bank publicly responded confirming its link to the company and commenting on the issues raised. The bank stated that it "acknowledge[s] the importance of the issue raised by Public Eye as there is no doubt on the effects on human health of high-sulphur fuel, as globally any form of air pollution" and that it believes that "the whole international community (including industry players, governments of exporting countries, and supra-governmental unions) has to play a role in addressing the issue of the fuel quality in Africa". Action
0
Out of 1
Rationale for score
The bank explains its client-onboarding and engagement process but this is not in relation to the specific companies involved in the impact and there is no detail on whether the bank itself took appropriate action. Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress. More info
Myanmar: Equity exposure to companies linked to the military regime, October 2021
0
0
0
0
Response
0
Out of 1
Rationale for score
The bank did not respond. Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or investee companies or took appropriate action. Monitoring
0
Out of 1
Rationale for score
No information available about whether the bank monitored progress. More info
Rio Tinto's Jadar mine, Serbia (Letter, Dec 2021)
0
0
0
n/a
Response
0
Out of 1
Rationale for score
The bank did not respond. Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action. Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress. More info
Average
33%
0.33
0.33
0
0
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