GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

4 CORPORATE SOCIAL RESPONSIBILITY (CSR) Declaration of Extra-financial Performance

In December 2020, two new funds were submitted for the SRI label: Groupama Convertibles and Groupama État Euro ISR. The awarding of the label will be formalised in early 2021. In October 2020, Groupama Asset Management launched the thematic fund G Fund New Deal Europe to prepare for the “world after”, invested in European securities at the forefront of ongoing societal and economic changes and working to secure or relocate production or prevent or treat diseases.This fund will be submitted for the France Relance label in January 2021. Lastly, Groupama Asset Management had already launched several thematic or impact funds, including World Revolution (targeting innovative securities that drive scientific, technological,or societal changes in progress) and G Fund Global Green Bonds (see point 4.2. 2.4.). These three new funds are accessible as part of the “sustainable balanced” delegated management profile, a management profile offered to savers by Groupama Gan Vie since 2019. This policy of integration is being gradually applied to the financial management of the Group’s assets. the Group believes that by promoting the integration of ESG criteria into the macroeconomic and microeconomic analysis of its investments, it potentially optimises not only the managementof risks but also the sourcesof added value and long-term value creation of investment portfolios through its Responsible Investment (RI) policy. In 2020, for the first time, the SRI (Socially Responsible Investments) assets under management of Groupama Épargne Salariale exceeded €1 billion. Since it was formed, Groupama Épargne Salariale has taken a CSR approach for its offering of financial vehicles intended for the 131,000 employeesof 15,600 customer companies. In addition to the long-standing funds with the SRI label since 2003 issuedby the French Inter-unionEmployee Savings Committee (CIES), new SRI funds were added to this offering in 2020, in particular the GF Equity Convictions ISR, G Fund Credit Euro ISR, and G Fund Future For Generations funds, which all have the public SRI label, or the GF Global Green Bonds fund with the GreenFin label. Another significant factor was the growth of online enrolment, which increased for regional mutuals from 24% at the end of 2019 to 83% in December 2020.This 100% digital solution enabled the sales teams to develop their portfolios through video meetings as well as quick and easy remote enrolment. Despite the lockdown circumstances,1,172 new companies signed up (almost as much as in 2019). The first lockdown period also made it possible to promote paperless incentive bonus or profit-sharing campaigns, the expected effects of which are a reduction in mailings and flexibility of responses for savers. In particular, this allowed gross inflows to increase by 13% to €212.7 million.

Also in 2020, the ProcurementDepartmentof GroupamaSupports & Services carried out various actions on a larger number of purchasing categories, such as: a call for tendersmade it possible to offer an accessibilityservice ❯ to the Group’s customer services for the deaf and hearing-impaired; in IT services, the GESAT network company was added to the ❯ list of approved service providers; for the maintenance of a portion of its property assets, ❯ Groupama established a tripartite contract with a leading company in this area to integrate people with disabilities. The issue of implementing the Sapin 2 law– (g) combating corruption and influence peddling Addressed in 4.2.2.6. The issue of socially responsible investments, (h) namely consideration of the social/societal impact of companies in which Groupama invests This issue is defined and controlledat Groupama,and the work to make these analyses more thorough continues. The consideration of environmental/weather-related issues in investments is addressed in section 4.2.2.4. For 20 years, Groupama, a financial player in the economy’s long-term development, has been involved in promoting Socially Responsible Investing (SRI) through its third-party Asset Management subsidiary, Groupama Asset Management. Its expertise in analysis and research, its managementproducts, and its mobilisationwithin many French and international representative environments make it one of the recognised leaders in this field. In addition to rolling out this specific SRI strategy, Groupama Asset Management has established a global objective of ensuring the widespread integration of ESG (Environment, Social, Governance) criteria into all management operations (1) . To affirm this commitment, Groupama Asset Management established an ESG Strategy Department in 2018 to accelerate the integration of ESG into all portfolios. It should also be noted that GroupamaAsset Managementhas an active shareholder engagement policy, based on PRI (2) criteria, to which the company is a signatory, and that it complies with the exclusion policy in accordance with international treaties (Ottawa and Oslo). In 2020, the Group offered three SRI funds (G Fund Equity Convictions ISR (3) in Eurozone equities, G Fund Crédit Euro ISR in Eurozone bonds) and G Fund Future For Generations (a fund invested in securities that support 9 of the 17 UN Sustainable Development Goals), managed by Groupama Asset Management.

The policy of integration of ESG criteria by Groupama Asset Management into the financial management of the Group’s assets is gradually applied to the (1) universe of European medium/long-term assets (government and credit bonds and equities). At first, this integration was implemented for the management of Euro/Europe equities only within open or dedicated mutual funds managed by Groupama Asset Management, held by the Groupama group’s entities and/or disseminated to outside customers. Starting in 2010, this integration was gradually extended to the management of credit bonds (companies) and European sovereign debts (States). The scope of assets incorporating an ESG approach (Responsible Investment assets) thus involves all securities and

money market funds held directly or indirectly. PRI: Principles for Responsible Investment. (2) New name of the Euro Capital Durable fund in 2020. (3)

84 Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES