Corporate Social Responsibility

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:

•  Carrying out public policy missions;
•  Implementing internal policies;
•  Promoting employee engagement and our sponsorship policy.

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.

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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