BPCE - 2020 Universal Registration Document

NON-FINANCIAL PERFORMANCE STATEMENT

SUPPORTING THE ENERGY, ECOLOGICAL AND SOCIAL TRANSITION IN LOCAL REGIONS

In addition, the funds can be certified. Definition of certification: funds certified by recognized third parties: the French SRI Label, Greenfin, Finansol, Febelfin, LuxFlog ESG, Nordic Swan, EcoLabel, and FNG Siegel.

FUNDS CERTIFIED BY ASSET MANAGEMENT COMPANY AFFILIATED WITH NATIXIS INVESTMENT MANAGERS

Amount at 12/31/2020 (in billions of euros)

Amount at 12/31/2020 (in billions of euros)

Company

Change in 2019/2020

DNCA (Beyond range)

7.5

0.8

837% 230% 68.5%

2

Ostrum AM

42.6

12.9

Mirova Ossiam

15

8.9 0.5

0.6 1.9 1.1

11%

Thematics

/ / /

/ / /

Dorval Asset Management

NIM Solutions

For Real Estate and Infrastructure affiliates, there are no labeled funds, so this category includes assets (buildings or infrastructure) that have received a GRESB assessment and/or have obtained an environmental certification such as BREEAM In-Use, HQE, etc..

AEW Ciloger, AEW Capital Management Vauban Infrastructure Partners

OSTRUM AM The merger of OstrumAM and La Banque Postale AM (LBPAM) resulted in the creation of the European leader in interest rate and insurance management, with €447.9 billion in assets under management. For fixed-income management, Ostrum AM systematically incorporates ESG dimensions in its analysis whenever they are deemed material. Ostrum AM’s responsible management approach covers 100% of emerging sovereign and developed countries and more than 90% of outstanding loans. This recognition is applied to €410 billion of assets under management, i.e. 92% of total assets. In addition, Ostrum AM has implemented sustainable management for 21% of its assets under management, according to various strategies: Best in Class and Positive Screening: selection of the best • rated issuers from an investment universe that excludes issuers with a high ESG risk profile; Best in Universe: selection of issuers from all sectors with the • best ESG performance in the investment universe; Bespoke Strategies: strategies co-built with clients for their • dedicated funds or discretionary mandates so as to match their ESG philosophy as closely as possible. Thus, all equity portfolios receive an SRI scoring, and more restrictive management criteria are applied according to client guidelines. Ostrumobtained SRI certification from two money market funds in 2020, bringing certified assets to 9.5% of total assets, with 25 certified funds. At the end of 2020, Ostrum AM also managed outstanding green bonds amounting to €11.5 billion, through its funds and mandates, i.e. a doubling of its assets following the merger with LBPAM. LOOMIS SAYLES A diversified American asset manager, it integrates ESG criteria into its fundamental research by modeling long-term business opportunities and challenges, identifying industrial and sector risks, and using various methods to assess the ESG issues of issuers (including engagement with corporate management teams).

Responsible investment management at 100% of their assets under management. DNCA As a leading player in the European equity managementmarket, it uses a proprietary rating model developed in 2018, Above & Beyond Analysis (ABA) for its ESG analysis. This approach has been supplemented by a proprietary impact analysis model that seeks to generate significant and measurable positive environmental and social impacts, in addition to maximizing financial returns. For the time being, this impact assessment only applies to the management of the DNCA Invest Beyond Semperosa fund. Dedicated impact (1) reporting is published each year. DNCA manages €26 billion, of which €7.5 billion are certified ( i.e. 28% of assets under management). In 2020, DNCA obtained SRI certification for five new funds, and aims to have its entire offering (equities and bonds) certified by the end of 2021. DNCA won three awards at the “Responsible Finance Awards,” rewarding the performance of its SRI approach. MIROVA As an affiliate dedicated to sustainable investment, last year it took another step forward in its specific positioning, focused on impact. In 2020, Mirova received the B-Corp label and changed its bylaws to become a mission-driven company, confirming its commitment to societal value as the core of its operations. Mirova systematically includes ESG criteria in its investment filters across all asset classes, representing €19.5 billion in assets under management, of which €15 billion is certified. The funds managed by the company are 100% SRI, and all of its portfolios are aligned with a 2°C warming trajectory, in line with the Ambitions of the Paris Climate Agreement. Furthermore, in 2020, Mirova was honored twice at the thirty-fifth Corbeilles Awards: with the Gold Award, Asset Management company, and the Long-Term Award, Asset Management company. The awards distinguish those institutions whose funds achieve the best financial performance over time.

(1) https://www.dnca-investments.com/fonds/dnca-invest-beyond-semperosa/parts/a-lu1907595398.

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UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE