Corporate Social Responsibility

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.

• Download our CRS Report

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.

• Download our social and environmental strategy