REPORT OF FACTUAL FINDINGS (AGREED-UPON PROCEDURE)

Vigeo Eiris performed a pre-issuance verification of Société Générale SFH's 2019 Green Covered Bond, concluding that the bond's framework and nominated projects align with the Climate Bonds Standard version 2.1, specifically for low carbon residential buildings in France.

• The proceeds of the Green Covered Bond are dedicated to refinancing 'Green Residential Mortgages', which include both private dwellings and multifamily residential buildings in Metropolitan France.
• The bond's environmental objectives include estimated annual energy savings of 90,695 MWh and the avoidance of 15,926 tCO2eq of greenhouse gas emissions.
• To meet the 'Low Carbon Buildings' criteria, eligible projects must be among the top 15% of low carbon buildings at the national level in France. The issuer uses a proxy where residential properties with construction permits issued after January 1, 2013, are deemed eligible, provided they comply with the Thermal Regulation RT2012 standard.
• Société Générale SFH has established a 'Positive Impact Covered Bond Committee', consisting of project team members and employees from the parent company, to oversee the issuance process and ensure adherence to the framework.
• The issuer intends to allocate 100% of the net proceeds immediately upon issuance, meaning no unallocated proceeds are expected to be held in temporary investment instruments.
• The net proceeds of the bond represent approximately one-third of the total portfolio of Eligible Loans identified by the issuer.

APA

Climate Bonds Initiative (2019). REPORT OF FACTUAL FINDINGS (AGREED-UPON PROCEDURE). https://www.climatebonds.net/files/drupal-files/files/Soci%C3%A9t%C3%A9_G%C3%A9n%C3%A9rale_Pre_issuance_Assurance_Report_Final.pdf

Chicago

Climate Bonds Initiative. REPORT OF FACTUAL FINDINGS (AGREED-UPON PROCEDURE). 2019. https://www.climatebonds.net/files/drupal-files/files/Soci%C3%A9t%C3%A9_G%C3%A9n%C3%A9rale_Pre_issuance_Assurance_Report_Final.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=REPORT OF FACTUAL FINDINGS (AGREED-UPON PROCEDURE) |date=4 July 2019 |url=https://www.climatebonds.net/files/drupal-files/files/Soci%C3%A9t%C3%A9_G%C3%A9n%C3%A9rale_Pre_issuance_Assurance_Report_Final.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019report, author = {{Climate Bonds Initiative}}, title = {{REPORT OF FACTUAL FINDINGS (AGREED-UPON PROCEDURE)}}, institution = {Climate Bonds Initiative}, year = {2019}, month = jul, url = {https://www.climatebonds.net/files/drupal-files/files/Soci%C3%A9t%C3%A9_G%C3%A9n%C3%A9rale_Pre_issuance_Assurance_Report_Final.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }