Climate Change Data

Dexia SA/NV

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:154 tCO2e/year
Scope 1 Emissions:Negligible
Scope 2 Emissions:143 tCO2e/year
Scope 3 Emissions:11 tCO2e/year
Renewable Energy Share:50% in Belgium, 100% in Dublin
Water Consumption:1,585 m3/year
Waste Generated:1.3 tons/year

ESG Focus Areas

  • Social and staff questions
  • Human rights
  • Environmental matters

Environmental Achievements

  • Reduced CO2 emissions by 52%, from 324 tCO2 in 2019 to 154 tCO2 in 2020, mainly due to decreased electricity consumption and business travel.

Social Achievements

  • Implemented a barometer to monitor staff well-being during the health crisis, resulting in an overall satisfaction rating of 4.01/5.
  • Launched a tailored training offer based on barometer results, including 65 awareness-raising actions for 346 participants.
  • Maintained a calm social climate during the orderly resolution, with a turnover rate of 4%.

Governance Achievements

  • Maintained strong solvency ratios (Common Equity Tier 1 ratio of 28.1%, Total Capital ratio of 28.5%) despite the Covid-19 crisis.
  • Implemented a new leadership model reflecting Dexia's current and future values.
  • Strengthened anti-corruption mechanisms and recorded no incidents of corruption in 2020.

Climate Goals & Targets

Environmental Challenges

  • Covid-19 pandemic's impact on results and solvency, leading to an additional charge in cost of risk.
  • Difficulties in staff recruitment and retention due to the orderly resolution plan.
  • Market volatility impacting asset valuations and liquidity.
Mitigation Strategies
  • Implemented widespread teleworking to ensure operational continuity.
  • Launched a barometer and HR action plans to address staff well-being concerns.
  • Actively managed balance sheet and off-balance sheet items, continuing asset disposal program despite market challenges.

Supply Chain Management

Responsible Procurement
  • Inclusion of CSR commitments in contracts with subcontractors and suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Physical risk to public sector exposures in Japan, Australia, the United States, Italy, and Spain with residual maturities exceeding 20 years.
Transition Risks
  • Exposure to coal-fired power plant in Eastern Europe, gas-fired power plant in Australia, liquefied natural gas sector in Qatar, and power companies in the United States.

Reporting Standards

Frameworks Used: OECD guidelines for multinational companies

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 13 (Climate action)

Green finance initiatives contribute to SDG 7 and 13.