Aligning our portfolios on a “net zero” emissions trajectory
Our Group is committed to aligning our financing portfolios with a carbon neutrality trajectory. We are also one of the very first banking groups to have set short-, medium-, and long-term milestones for achieving this alignment.
In our 2021-2024 strategic plan, we have identified the environmental transition as a major challenge and a growth driver.
To limit the climate impact of our financing, investment and insurance activities, and gradually to align our portfolios on a Net Zero emissions trajectory, we are taking the following steps:
- Development of systems for measuring carbon emissions and monitoring the climate trajectory of all the Group's portfolios
- Development of our system for identifying and managing climate, physical, and transition risks to which our customers and our own activities are exposed, with a view to continuous improvement,
- Phasing out our most greenhouse gas-intensive activities through adapted CSR policies.
Divest from the most sensitive sectors
Thermal coal: since October 2015, Natixis Corporate & Investment Banking has committed to no longer finance coal-fired power plants and thermal coal mines worldwide. This policy has been gradually strengthened and in 2021, Groupe BPCE extended its policy to all of its banking activities and committed to a complete exit from thermal coal by 2030 for OECD countries and by 2040 for the rest of the world.
Oil and gas industry: first published in 2017 and initially applicable to Natixis Corporate & Investment Banking activities, this policy has been extended in 2023 to all Groupe BPCE banking activities and has been strengthened with new criteria.
Specific CSR policies applicable to Natixis Corporate & Investment Banking, BPCE Assurances and affiliated asset management companies of Natixis Investment Managers are published on their own websites.