Green Bond Fact Sheet
Société Générale SFH

Date: 9 July 2019

Issue date: 18 July 2019 Maturity date: 18 July 2029 Tenor: 10 years
Issuer Name

Société Générale SFH (Societede Financement de l’Habitat)

Amount Issued

EUR 1 billion (USD 1.12billion)

Country of risk

FranceCBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeCovered Bond

Green Bond Framework

Framework

Second party opinion

SPO by Vigeo Eiris

Certification Standard

Climate Bonds Standard V2.1
including Sector Criteria for:

Assurance report

Pre issuance verification byVigeo Eiris

Vigeo Eiris

Green bond rating

N/A☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☐ HVAC systems☐ Energy performance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewater treatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience• Low Carbon Buildings(Residential)
Certification Verifier
Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Land use &agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose & paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation & resilience☐ ICT☐ Industry: process

Issue details
Reporting

There will be annual reports made publicly available on the issuer’s website.
These reports will include information on the number of eligible mortgages, estimatedannual energy savings, and estimated avoided emissions of CO2.
There will be also assurance reports produced by an independent third party, which verifies
the amounts of allocated proceeds and the compliance of the eligible loans.

Company information

Société Générale SFH is a covered bond issuing subsidiary of Société Générale Group, whichis the 3rd largest banking group in France, and the 6th largest in Europe. The group had
previously issued 4 “Positive Impact Bonds”, which did not apply for Certification.
A subsidiary of Société Générale, ALD SA, had issued a EUR 500m (USD 580m) Certified
Climate Bond in October 2018.

Firsts, records andcertifications
Proceeds description

This is the first Certified Climate Bond to be issued, which is linked to French residentialmortgages.
The proceeds will be used to finance and refinance the French residential mortgages
originating from Société Générale’s retail bank. These are linked to the top 15% best
performing homes, in terms of CO2 emissions, based in Metropolitan (mainland) France.
These homes have been constructed with the government’s thermal regulation “RT 2012”,
which meets the requirement in the Criteria. There are 21, 237 eligible loans, worth a total
value of EUR 2.987. 35% of these homes are in Ile de France, the area around Paris.

Climate Bonds view

It is encouraging to see bonds supporting green mortgages spread across Europe

Underwriters

Société Générale CIB

Deal comments
Credit Rating
Pricing summary

Aaa (Moody’s) AAA (Fitch)
Benchmark:DBR 0.25% 02/2029 (@106.144) + 51.0bps

Investors summary
1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financialcorporate, sovereign