TCFD is a working group set up at the end of 2015, under COP21, by the G20 through the Financial Stability Board (FSB), which aims to promote a detailed and transparent communication related to climate risks. It specifies the expected elements of climate reporting and focuses on 4 pillars: governance, strategy, risk management and metric & targets.
In this first TCFD report, Natixis has set ambitious targets, such as reducing its financing of oil and gas exploration-production activities by 15% between 2020 and 2024, and laying out € 9 billion in new financing for renewable energy over the same period.
It also provides a very high level of transparency. For example, it is the first asset manager to disclose its carbon footprint and the amount of its investments in the fossil fuel sector, out of more than € 500 billion in assets under management.
“This first TCFD report reflects both our ambition to share our tools and practices and our commitment to measuring our progress. This report is also a tool for engaging our teams. Moreover, it provides an additional opportunity to interact with our stakeholders.” Louis Douady, Global Head of ESR, Natixis
Read the 2021 TCFD Report of Natixis
Groupe BPCE, with its business model as a universal cooperative bank represented by 9 million cooperative shareholders, is currently the 2nd-largest banking group in France. With its 100,000 employees, it serves a total of 36 million customers – individuals, professionals, corporates, investors, and local government bodies – around the world. It operates in the retail banking and insurance sectors in France via its two major Banque Populaire and Caisse d’Epargne banking networks, along with Banque Palatine. With Natixis, it also runs global business lines specializing in Asset & Wealth management, Corporate & Investment Banking, Insurance and Payments. Through this structure, it is able to offer its customers a comprehensive, diversified range of products and services: solutions in savings, investment, cash management, financing, and insurance. The Group's financial strength is recognized by four financial rating agencies: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (A+, negative outlook) and R&I (A+, stable outlook).
French joint stock company (société anonyme) with Management
and Supervisory boards, with capital of €180,478,270
50 avenue Pierre Mendès France – 75201 Paris Cedex 13
Limited liability company
Capital € 5 019 776 380,80
RCS Paris n°542 044 524
Regulated in France by the ACPR - Autorité de Contrôle Prudentiel et de Résolution
30, avenue Pierre Mendès-France
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
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