Bpifrance SA

Unverified
Country
XX
Sector
Financial Institution
Website
www.spglobal.com
3 Second Party Opinions
2 Frameworks
XFID Type Title Year Source Retrieved
XF-IYYA4LH-T Framework Bpifrance Framework (2023) 2023 →2025 www.bpifrance.fr 30 Mar 2026
XF-NUGWRH7-F Framework Bpifrance Framework (2025) 2025 ↑2023 www.bpifrance.fr 30 Mar 2026
XF-PQL0FO0-W Second Party Opinion Bpifrance_ SPO_v22022023 (4) 2022 www.ethifinance.com 30 Mar 2026
XF-PMNTTYA-G Second Party Opinion ISS ESG Second Party Opinion — Bpifrance SA 2023 spowidget.iss-corporate.com 20 Mar 2026
XF-BRCQ5L9-M Second Party Opinion Bpifrance (Methodology of Shades of Green, formerly part of CICERO) 2021 www.spglobal.com 25 Feb 2026

Press Coverage (1)

News and trade press mentioning this issuer, tracked in the registry.

XF Company Profile

Extra-financial information found across 5 documents in the XframeworkID registry

NACE K Financial & Insurance Activities

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction
Bpifrance SA, France SPO 2021
Issuer sector/industry classification
Financial & Insurance Activities SPO 2021
Issuer type
National promotional bank SPO 2021
Issuer ownership structure
Owned by French State and Caisse des Dépôt with 49% each SPO 2021
Number of employees and organizational structure
1,247 employees in Bpifrance Financement network, 2,262 employees total, 50 regional offices as of 31 December 2019 SPO 2021

Green / Sustainable Finance Framework

Sustainable bond framework name and version
Social Financing Framework 2025 FRAMEWORK 2025
Bond types covered under framework
Green bonds SPO 2023
Framework publication date and update history
March 2025 FRAMEWORK 2025

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date
Institutional Shareholder Services (ISS), 20 March 2023 SPO 2023
SPO assessment scope and methodology
Pre-issuance verification of Green Bond Framework and Eligibility Criteria SPO 2023

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles
Assessed for alignment with ICMA Green Bond Principles (June 2021 with June 2022 Appendix 1) SPO 2023
Alignment with UN Sustainable Development Goals
Assessed for contribution of Green Bonds to UN SDGs SPO 2023
Alignment with EU Taxonomy for sustainable activities
Framework assessed against EU Taxonomy Climate Delegated Act SPO 2023
Alignment with ICMA Social Bond Principles or Sustainability Bond Guidelines
Social Financing Framework assessed for social bond alignment FRAMEWORK 2025

Corporate Strategy & Mission

Corporate mission and sustainability strategy
Promote the financing and development of companies operating in France, particularly SMEs SPO 2021
ESG strategy focus areas
ESG Performance and Management of ESG risks SPO 2022
No fossil fuel funding commitment
No funding commitment to fossil fuel extraction or production as of end 2019 SPO 2021

Changes Over Time

Items where disclosed information changed across documents.

Bond types covered under framework
2021 Green bonds
2022 Social bonds
2023 Green Bonds
Alignment with EU Taxonomy for sustainable activities
2021 Bpifrance seems to comply with relevant technical mitigation criteria in proposed EU taxonomy
2023 Referenced (Regulation (EU) 2020/852)
SPO assessment date
2022 February 2023
2023 March 20, 2023
SPO assessment scope
2022 Use of proceeds, Project evaluation and selection, Management of proceeds, Reporting, ESG maturity assessment
2023 Bpifrance SA Green Bond Framework and Eligibility Criteria
Sustainable bond framework name
2023 Social Financing Framework
2023 Bpifrance SA Green Bond Framework
Alignment with ICMA Social Bond Principles or Sustainability Bond Guidelines
2023 Referenced as standard for investor assessment
2025 Referenced as framework basis (not explicitly confirmed in excerpt)

Document Updates

What changed between successive versions of documents.

2023 2025

The two versions of Bpifrance's Social Financing Framework are nearly identical in substance, with no meaningful changes to use of proceeds categories, eligibility criteria, sustainability targets, standards alignment, exclusion criteria, or governance commitments. The primary differences are cosmetic: the document title formatting changed from "FEBRUARY 2023" to "March 2025", and a single word was modified at the end of the disclaimer text from "recommendation to" to "recommendation to buy". These changes are formatting and minor wording adjustments with no substantive impact on the framework's content or commitments.