Corporate Social Responsibility

  • Corporate Social Responsibility
Philippe Mills & François Laugier
Acting for a more sustainable world and serving the public interest

We are pleased to present our second Corporate Social Responsibility Report.

Since our first report was published in September 2019, our bank has resolutely pursued the clear and ambitious goal it has set itself: to act responsibly for a more sustainable world by serving the public interest
over the long term.

This demanding and inspiring approach flows logically from our DNA as a public development bank, and everyone on our staff is committed to it.

Signing up to the United Nations Global Compact, as we did in 2018, is a part of his goal. With nine priority sustainable development objectives integrated into our strategy, our aim is to make progress on the major challenges facing our society.

Our CSR policy in 2019 was marked by several major advances:

  • the implementation of a dedicated CSR governance
  • our first carbon audit
  • the very successful launch of our sustainable bond issues: after the great success of our first social bond issue in February – the first European covered bond exclusively dedicated to the financing of public hospitals – our bank succeeded in launching its first green bond issue in November.

In May, we launched our green loan offer for local authorities, within the scope of SFIL’s partnership with La Banque Postale. Projects eligible for green loans include investments in clean mobility, water and sanitation, waste reclamation, the construction and energy performance upgrading of public buildings and renewable energy generation.

All these actions reflect our desire to direct funds towards sustainable activities and thus support the growth of investments that contribute to
sustainable development goals.

Corporate Social Responsibility is at the heart of our strategy

SFIL’s original mission of financing the local public sector naturally requires it to support the investments made by the local public sector, i.e. local governments and public health institutions, thereby promoting the development of a financial ecosystem favorable to the Sustainable Development Goals. Day after day, the financing that it provides to local public investment and competitiveness of French exports allows the completion of sustainable projects that benefit everyone. To achieve this, SFIL does not try to maximize its profitability, but rather focuses on offering high-quality services and maintaining a high level of satisfaction with stakeholders. To expand this dialogue and continuously improve the development of sustainable financing, efforts are constantly made to incorporate CSR criteria and all non-financial information.

News

SFIL publishes its second CSR Report

10 June 2020

We are pleased to present our second Corporate Social Responsibility Report.Since our first report was published in September 2019, our bank...

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CSR
SFIL strengthens its partnership with the Collège de France...

09 December 2019

The “Campus de l’Innovation pour les Lycéens” program was launched by the Collège de France in 2016 and is supported by SFIL under a...

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Resounding success of the inaugural green bond transaction...

05 November 2019

Today, SFIL Group has successfully launched its first green bond under covered bond format issued by CAFFIL. The transaction has a maturity...

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Green projects refinanced by SFIL

Green loans intended for local authorities, marketed by La Banque Postale, are refinanced by green bonds issued by SFIL.

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Green and social bonds

  • SFIL Group has set up a social bond framework in 2018 with a focus on financing investments by French public hospitals
  • A EUR 1 billion inaugural social bond benchmark was issued in February 2019 under covered bond format by CAFFIL
  • Dedicated Green Loans are proposed to French local authorities by SFIL in partnership with La Banque Postale since May 2019
  • A Green Bond Framework has been set up to finance these Green Loans. An inaugural benchmark has been launched in November 2019 and has been awarded twice
Most Impressive Social or Sustainability Bond Issuer
2019
Best ESG Issue
2019
Best Social Bond
2019

Non-financial ratings

ISS-Oekom

Prime 1

MSCI

AA 2

IMUG

Positive BBB 3

1 CAFFIL, December 2017

2 CAFFIL, August 2018

3 CAFFIL's secured bonds, April 2018

3 priorities

Carry out
public policy missions

Implement
internal policies

Engage
our employees

9 major Sustainable Development Goals

Adopted in September 2015 as part of the 2030 Agenda, the 17 Sustainable Development Goals constitute an action plan for peace, humanity, the planet and prosperity. They aim to transform our societies by eradicating poverty and ensuring a just transition to sustainable development by the year 2030. At the end of 2018, SFIL chose to prioritize nine goals in light of its activities and the CSR measures already in place.

More informations:

Discover the CSR approach of La Banque Postale, the partner of SFIL

SFIL is part of the Novethic Institutional core group which brings together long-term investors wishing to strengthen their commitment to sustainable finance.
Novethic, for the development of a sustainable finance

CSR Chronology

2020

– 28 april : Second social issue of the SFIL group in support of investment by public hospitals in France

2019

– 5 November : First Green Bond Issue with a focus on financing investments by French public hospitals
– 12 February: First social Bond Issue in Europe

2018

– Adherence to the United Nations Global Compact
– Prioritization of nine Sustainable Development Goals
– Launch a carbon audit

2017

First ratings of non-financial ratings agencies

2016

Creation of the Sustainable Development Committee

2015

Launch of export credit activity

2013

Creation of SFIL

2020

– 28 april : Second social issue of the SFIL group in support of investment by public hospitals in France

2019

– 5 November : First Green Bond Issue with a focus on financing investments by French public hospitals
– 12 February: First social Bond Issue in Europe

2018

– Adherence to the United Nations Global Compact
– Prioritization of nine Sustainable Development Goals
– Launch a carbon audit

2017

First ratings of non-financial ratings agencies

2016

Creation of the Sustainable Development Committee

2015

Launch of export credit activity

2013

Creation of SFIL