BPCE - 2018 Registration document

NON-FINANCIAL PERFORMANCE REPORT A range of services to meet the challenges facing our customers

Oil and gas In December 2017, Natixis committed to stop providing financing for the exploration and production of oil sands and oil in the Arctic region. Publication of the oil and gas sector policy Natixis published its oil and gas sector policy in November 2018, setting out the conditions underlying Natixis’ commitment, namely: to discontinue the financing of projects involving the ● exploration, production, transportation and storage of extra-heavy oil and oil derived from oil sands, and related export terminal; to no longer provide general purpose corporate financing for, ● and no longer invest in (1) , any company of which the aforementioned activities (see above) account for 30% or more of total operations; to discontinue financing for onshore or offshore oil ● exploration and production projects in the Arctic. For more information please see: https://www.natixis.com/natixis/upload/docs/application/pdf/ 2018-11/natixis_esr_sector_policy__oil__gas.pdf This commitment to protect the Arctic upholds the position already adopted by Ostrum AM and Mirova, which since 2016 have headed a group of investors having signed a declaration calling for the Arctic region to be protected against oil exploration activities, and for the adherence to national commitments to combat climate change in this particularly hydrocarbon-rich area of the world. Other industries Natixis has internal CSR policies for the nuclear, mining & metals, and palm oil sectors. These apply to financing operations and cover the following issues: nuclear: compliance with the strictest international security rules ● (IAEA, etc.), reliability of technologies, demonstration by the host country and the operator of their capacity to control and operate their nuclear industry, based on specific criteria; mining & metals: compliance with international mining industry ● standards as well as the E&S criteria established by the IFC (World Bank); palm oil: traceability and compliance with best practices and ● applicable standards. Overview of financing transactions over the last three years Managing environmental and social risks across Natixis’ financing business lines involves analyzing clients and transactions to ensure they comply with its CSR policies and exclusion commitments, analyzing transactions according to the Equator Principles or other evaluation methods, and analyzing controversial issues that its clients may run into.

This commitment was set out in a sector policy published on Natixis’ website at the following address: https://www.natixis.com/natixis/ upload/docs/application/pdf/2016-07/160708_coal_policy_en.pdf. It also applies to investments made by Ostrum AM, covering all directly managed portfolios, and to Natixis Assurances, covering all general-purpose funds. Both Natixis Asset Management and Natixis Assurances have stopped investing in industrial companies deriving 50% or more of their business from coal-fired power plants and/or thermal coal mining. It should be noted that the amount of Natixis’ exposure to coal industry financing has fallen steadily since the undertaking made in October 2015. At the end of 2018, financing of thermal coal mines amounted to zero and was residual in coal-fired power plants. Defense Since March 2009, Natixis has excluded the financing, investment and offer of services to companies involved in manufacturing, storing or trading anti-personnel mines and cluster bombs. Publication of the defense sector policy The commitment made by Natixis in March 2009 was extended to include a Defense sector policy published in June 2018. This policy, which is available for consultation on the Natixis website, extends the scope of arms excluded by the Group and sets specific criteria for conducting transactions, notably with respect to arms exporting and importing countries. The policy also applies to investment operations undertaken by Natixis, Ostrum AM, and Natixis Assurances. https://www.natixis.com/natixis/jcms/rpaz5_68332/en/policy- applicable-to-the-defense-industry Tobacco In December 2017, Natixis committed to discontinuing all financing of, or investment in, tobacco producers, wholesalers, and traders as well as tobacco product manufacturers. This exclusion has deepened the bank’s commitment to fighting cancer, as patron of the Gustave Roussy foundation since 2011. Publication of the tobacco sector policy Further to its announcement in December 2017, in May 2018 Natixis published a detailed sector policy for the tobacco sector. This policy applies to the financing, investment and service activities provided by Natixis, Ostrum AM and Natixis Assurances. For more information please see: https://www.natixis.com/natixis/jcms/lpaz5_67146/en/tobacco- policy

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This applies to all Natixis Assurances investments. (1)

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Registration document 2018