COFACE SA

Climate Impact & Sustainability Data (2021)

Total Carbon Emissions:98 Teq/€m invested (2021)

Total Energy Consumption:4,766 MWh (electricity) + 1,101 MWh (gas) (2021)

Reduced portfolio's overall carbon footprint by nearly 22% compared with 2020 (-19.5% decrease in Scopes 1 and 2).
Improved overall ESG rating of the investment portfolio to C from C- in 2020.

Implemented a company agreement in France for extended remote working and support system.
Launched “IntoCoface” remote onboarding program.
Strengthened remote training capabilities with Commercial and Underwriting Academies.
Achieved an 8.1/10 employee satisfaction rating on diversity and inclusion efforts in the My Voice Pulse survey.

Implemented a compliance framework with a compliance policy accessible to all employees.
Revised Code of Conduct in 2018 to promote integrity and fair client treatment.
Introduced a lobbying code in 2021.
Implemented a zero-tolerance policy for corruption.

Short-term Goals:

Investment in non-responsible assets from an environmental, governance, or social point of view.
Environmental impact of risks covered by Coface (debtor portfolio).
Discontinuity of Coface’s operations relative to environmental risks.
Non-satisfaction of clients and partners.
Lack of diversity, inclusion, and equal opportunities.
Lack of attractiveness, loyalty, and engagement of employees.
Impacts of Coface’s own activities on the environment.
Acts of bribery involving Coface employees or third parties.
Tax evasion.
Non-protection of data and cybersecurity.

Investment policy and overall ESG rating of portfolio monitoring.
Business continuity plan.
Program to improve service quality.
Anti-Corruption Code, Code of conduct, Employee training and awareness program, Corruption risk mapping, Third-party assessment system, Alert system.
Group tax policy adapted at regional level, KYC.
Numerous Group policies, including cybersecurity risk management; IT and cybersecurity risk mapping and control; an independent cybersecurity review; identity access management; IT asset management; project security; cybersecurity in supplier relationships; and cybersecurity for third parties.
Group Human Resources strategy including a “D&I” component.
Group Human Resources strategy including a “Talent” component, Short-term assignment policy, International occupational mobility policy, Compensation policy.
Measuring and reducing carbon footprint, developing a decarbonisation strategy.

Know Your Supplier due diligence, compliance with purchasing policy and other Group rules, assessment of suppliers looking at the corruption risk.

Frameworks Used: UN Global Compact

Third-party Assurance: Deloitte & Associés