GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

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

Sustainable Development Goals (SDG). The challenges of protecting the environment (and biodiversity), combating climate change, and the energy transition have become a major issue for everyone involved, including institutional investors, fund Managers, and savers, who are thus stakeholdersin these challengesand for whom the risks associated with (the non-considerationof) these developments are significant. In the medium term, the risk of global warming is one of the greatest, with consequenceson assets. Admittedly, as an investor mainly in the eurozone(not in emergingcountries),the risk is not as bad for Groupama. The consideration of the environment/climate factor in our investment choices thus consists in measuringthe carbon footprint of investments to identify the most carbon-intensive and least proactive sectors and in monitoring the market positioning of emitters in terms of products and services facilitating the transition to a low-carbon economy. Groupama therefore seeks to incorporate the potential impact of physical, regulatory, and transitionrisks on the value of portfolios.Havinga long-termview of the consequences of our investments, capable of combining the risk/return profile with the impact measures, requires detailed prior analyses, which are often long and complex. Groupama(the Group and its financial subsidiariesin particular)has undertaken significant work over the past several years to address this issue and control these risks, including: the development of an environmental analysis of issuers in ❯ collaboration with Groupama Asset Management (assess the alignment of our portfolios with a scenario of maximum global warming of 2° (2) ). The priority methodologicalapproach used in the SDA (Sectoral DecarbonizationApproach),which is the main 2 °C objective methodology recommended by the Science-Based Targets (SBT) initiative (3) ; an active voting policy means shareholder engagement, ❯ according to the PRI criteria, to which Groupama Asset Management is a signatory, or other criteria; the implementationof a responsible investment road map since ❯ November 2018(withdrawalfrom coal and oil sands; €1 billion in green investments in 3 years by 2021; training and instruction within the Group (national and local elected representatives, operational committees, etc.); a certificationpolicy on the property (in 2020, 43% of the surface ❯ area was certified); responsible investmentsin infrastructurefinance funds and green ❯ bonds.

The advancesof the PACTE law, which allows the value createdby companies to be better shared, were fully highlighted with the release on the market of the PERCOL(which replaces the PERCO). Since the beginningof 2020, nearly 10,000companieshave signed up for this new plan, in particular by transforming the former PERCO plans. To stress the social policies put in place by the companies, Groupama Épargne Salariale also offers its customer companies Individualised Social Reviews, fully digitised through a partnership with the startup WinchApps. In collaboration with Groupama Gan Vie, Groupama Épargne Salariale participatedin the creationof a set of tools availableto the networks and customers to highlight the Group’s expertise in Corporate Savings and Pensions: a dedicated website, the ERE portal (http://ere.groupama.fr/),a video saga with the character Esth’ÈRE, who presents the new Savings/PensionsPlan and each of its products, and a newsletter “C’est dans l’ERE” intended for the networks. Lastly, to help employees and business leaders estimate and prepare for their retirement as well as possible, Groupama Épargne Salariale, together with Fintech Sapiendo, offers retirement reviews. The Group has continued its commitment to invest in the real economyat a level of between€1.5 billionand €2 billion,depending on the year. This programmeto support the real economy involves private equity and loan funds, aimed at financing SMEs and mid-cap companies, mainly in France, as well as financing transport, energy/environment and telecom infrastructure and job-creating commercial property projects. In May 2020, Groupama co-signed an opinion piece in the daily newspaper Le Monde , “Mettons l’environnement au cœur du rebond collectif”, a collective declaration by French and international business leaders calling to make the environment a core focus of the economic recovery. As a financial player committed to supporting major transition challenges, preserving the environment and combating climate change are major issues. With regard to service companies, the Group’s risks in this area are the most significant not in the impact of its facilities, but in its investmentsand insuranceofferings,which are therefore two significant risks (1) . Environmental issues 4.2.2.4 and associated risks

The environmental and climate issue in investments (a)

2015 marked a true turning point under the influence of COP 21 (Paris Climate Agreement) and the publication of the UN

See summary tables in the appendix. Regarding the Group’s ecological footprint, see part 4.2.3. (1) Objective of the Paris Agreement. (2) SBT is an initiative led by WWF, UN Global Compact, WRI, and CDP to engage companies in the 2 °C alignment. (3)

85 Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES