GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

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

At the end of 2020, Groupamahad more than €700 millionin green bonds (1) and is a shareholder for €113 million in wind and solar farms. The Group acquired a stake in the capital of Prédica Energies Durables (PED), a subsidiary of CA Assurances dedicated to investments in renewable energy production assets alongside Engie. Also, in early 2020, Groupama Asset Management earned the GreenFin (2) label for the “G Fund Global Green Bonds” fund, a new bond-picking solution invested in “green bonds” (securitiesoffering returns and environmental benefits). The year 2020 was marked by a series of significant events: on 9 December 2020, Groupama committed to a definitive ❯ phase-out of thermal coal in its investment portfolios (zero exposure by 2030 at the latest for companies in countries of European Union and the OECD, almost all of the current coal assets), and the Group has decided to phase out any company whose revenue or energy production mix is more than 20% based (and no longer 30% as announced in 2018) on thermal coal (3) . In addition, Groupama has also committed to divesting from companies whose annual production of coal exceeds 20 million tons and those whose installed capacity in coal-fired power plants exceeds 10 GW (4) . with regard to property assets, Groupama is one of the “game ❯ builders” and contributes its expertise to the athletes village project for Paris 2024 by participating in the constructionof an eco-neighbourhood in Saint-Denis;2020 saw the launch of The Link in La Défense(two connectedtowers),whichwill be certified “HQE Exceptionnel” (delivery in 2025) and is owned by Groupama, and the “Booster de Réemploi”, an innovativedigital circular economy project led by Groupama Immobilier with the assistance of other institutional players to promote the reuse of building materials. Groupama increased its forest assets from a forest in the Eure ❯ region in early 2020, bringing the area of assets to 22,000 ha, managed sustainably (PEFC certification) (5) . A Low-Carbon label project is under consideration. All these aspects as well as the implemented policies and the results are detailed in the document published each year by Groupama, the “Art. 173” (of the LTE, the French energy transition act) report. The 4 th edition of this document, available on our website groupama.com, was published in June 2020. The next edition is expected to be released in June 2021.

Performance indicator ❯ Amount of responsible investment – assets managed according to ESG criteria – by Groupama Asset Management: €80.5 billion in 2020 (€76.1 billion in 2019), or 74% of total assets under managementat 31 December2020, a stable proportioncompared with 2019.

The environmental and climate issue (b) in the offerings (products and services) and the underwriting policy

The significant risk associated with this is the failure to take into account the needs of policyholdersin terms of resilienceor support in the energy transition. This is an increasingly important issue due in particular to climate change,while maintainingthe balanceof our business model through controlled exposure. In addition to this is the considerationof the environmental impact (degree of pollution, including carbon emissions) of our policyholders’ businesses and therefore the indirect impact of our insurance business on the environment. As mentioned in point 4.2.2.3., being a responsible insurer and a contributor to the fight against climate change and to the energy transition means being a group capable of providing economically affordable solutions to policyholders in the face of major environmental and climate changes. Group exposure due to underwriting ❯ Given the exposure of Groupama Assurances Mutuelles, storms continue to be the greatest climate risk event. To assess the evolution of this risk in the face of climate change, Groupama Assurances Mutuelles uses models and knowledge developed jointly with various climate experts: several studies were conducted in partnership with Météo-France on the basis of global climate models (GCM), regional climate models (RCM), and IPCC (6) scenarios. There is no major variation associated with climate change in the frequencyand severityof storms in France, but rather the increase in heat, drought, precipitation in certain areas, and risks of coastal flooding. In weather claims, natural risk events (NatCat (7) , forces of nature, storms) are already assessed in insurance risks (non-life underwriting risks). Application of NatCat regulations and knowledge of the underwritingrisk (verificationof flood-proneareas, etc.) ensure that the risk is well controlled.

Green bonds held directly in France mandates. (1) Created by the Ministry of Ecological Transition, this label guarantees to savers that the fund effectively contributes to funding of the energy and ecological (2) transition. Details in the press release of 9 December. (3) Thresholds currently adopted by the Global Coal Exit List, on which Groupama’s “coal” policy is based. This list is provided by the German (4) Non-Governmental Organisation (NGO) Urgewald. See Groupama Forests box, section 4.2.3.2. (5) Intergovernmental Panel on Climate Change, IPCC, an intergovernmental body open to all UN member countries. (6) Natural disasters. (7)

86 Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES