10 May 2021
We are pleased to present our Corporate Social Responsibility Report. During this unprecedented health and economic crisis, our Group is...
We are pleased to present our Corporate Social Responsibility Report.
During this unprecedented health and economic crisis, our Group is committed more than ever to its corporate mission: financing a sustainable future by providing long-term support for regional development and the international activity of large companies.
In 2020, our public development bank model proved its resilience and relevance in meeting the many challenges that lie ahead, and SFIL is in a key position to participate in the economic recovery and ecological transition plans of our regions.
In September 2020, SFIL joined the major public finance hub of the Groupe Caisse des Dépôts, thereby further reaffirming our Corporate Social Responsibility and Sustainable Development targets.
Thanks to the determined and continuous commitment of our teams, in 2020 we advanced each of the three priorities of our CSR strategy:
As the third edition of this report shows, our CSR approach has gained in maturity and is increasingly rooted in our daily lives. Our strategy, which is conducted in line with our participation in the United Nations Global Compact, to which we reiterate our commitment in 2021, has been bolstered by the continuing progression of our structural performance indicators, and was marked by several major advances in 2020.
In partnership with La Banque Postale, SFIL has offered green loans to local authorities and social loans to public hospitals since 2019. In 2020, the SFIL Group successfully continued its thematic bond issues by launching its second social bond issue and its second green bond issue to support the energy transition in the regions.
On the financial markets, SFIL Group is recognized as a leading sustainable issuer and has received several awards, including the best covered bond issue for our COVID-19 social bond, which was launched in April 2020 for sectors impacted by the pandemic.
Our non-financial ratings have continued to progress: our Sustainalytics rating of 7.7/100, the seventh highest rating out of 93 public financial institutions worldwide, confirms the strength and pertinence of our model.
We have stepped up our actions to promote the nine SDGs1 on which we have focused by establishing 18 quantifiable business and internal operation targets to be achieved by the end of 2021.
Our bank has also strengthened its institutional partnerships. One example is our membership in Finance for Tomorrow, which aims to promote the power of the French ecosystem in responsible investment and green finance. In addition, for the first time, SFIL sponsored the Climate Finance Day which, since the COP21, has involved the global financial sector in the fight against climate change.
SFIL continued to deploy its internal policies, including its policy to promote youth employment, by sponsoring the Collège de France’s “Campus de l’Innovation” program for high schools and by expanding to 10 % the share of its workforce comprised of students in school-to-work programs. We are also proud of the fact that since 2018, our gender equality score has increased by six points and is now 93 out of 100.
SFIL also continued to raise its employees’ awareness about sustainable development issues by launching an in-house campaign to reduce the use of plastic. Also noteworthy was our participation in DuoDay 2020 during the Week for the Employment of Persons with Disabilities, during which the company provided internships to students and professionals with impairment.
In 2021, we are enthusiastically and resolutely committed to pursue our CSR strategy, in line with our DNA as a public development bank.
Philippe Mills and François Laugier
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.
10 May 2021
We are pleased to present our Corporate Social Responsibility Report. During this unprecedented health and economic crisis, our Group is...
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...
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...
Green loans intended for local authorities, marketed by La Banque Postale, are refinanced by green bonds issued by SFIL.
Sustainalytics
6.6
Risk negligible
ISS
Prime – C+
(CAFFIL)
MSCI
AA
(CAFFIL)
IMUG
Positive BBB
(CAFFIL Covered Bonds)
1 Risk negligible
2 (CAFFIL)
3 (CAFFIL)
4 (CAFFIL Covered Bonds)
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.
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
– First carbon offset operation, with the Société Forestière of the Caisse des Dépôts Group
– Organization of the first corporate volunteering event for employees, the SFIL’Anthropie day
– SFIL joins the Caisse des Dépôts Group and integrates its sustainable development policy
– 5 November : First Green Bond Issue with a focus on financing investments by French public hospitals
– 12 February: First social Bond Issue in Europe
– Adherence to the United Nations Global Compact
– Prioritization of nine Sustainable Development Goals
– Launch a carbon audit
Creation of the Sustainable Development Committee
Launch of export credit activity
Creation of SFIL
– First carbon offset operation, with the Société Forestière of the Caisse des Dépôts Group
– Organization of the first corporate volunteering event for employees, the SFIL’Anthropie day
– SFIL joins the Caisse des Dépôts Group and integrates its sustainable development policy
– 5 November : First Green Bond Issue with a focus on financing investments by French public hospitals
– 12 February: First social Bond Issue in Europe
– Adherence to the United Nations Global Compact
– Prioritization of nine Sustainable Development Goals
– Launch a carbon audit
Creation of the Sustainable Development Committee
Launch of export credit activity
Creation of SFIL
Last update 18/05/2022