UNIVERSAL REGISTRATION DOCUMENT 2023

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

CO EMISSIONS (TONNES OF CO )

2

2

Emissions (TCO 2 )

3,000

2019 2022 2023

2,328

2,078

2,000

1,518

1,228

1,171

1,053

1,000

291

251

118

0

Travel

Energy

Total

under Article 7(1) of the delegated act Article 8, sovereign exposures are excluded from the calculation of the investment ratio, both from the numerator and the denominator; ❯ exposures to central governments and central banks are considered sovereign. Exposures to local governments or public structures are therefore kept in the denominator; ■ derivatives are excluded from the numerator but included in the denominator of the ratio; ❯ structured products are not automatically excluded from the numerator; ❯ companies not subject to the NFRD are not subject to the taxonomy. Exposure to these undertakings should therefore not be included in the calculation of the numerator of the ratio; ❯ as it cannot be allocated to a specific economic sector and in accordance with the answer to question 22 of the European Commission’s FAQ published on 6 October 2022, cash has been completely excluded from the numerator; ❯ green bonds undergo a specific analysis, unrelated to the issuer, focused on the use of proceeds from these bonds. ❯

Taxonomy For calculations based on 2023 year ‑ end data, the methodology is the same for the Group and all the entities subject to it, including Gan Assurances. This year, we are publishing only regulatory ratios, calculated based on data reported by the companies, obtained through an external data provider for listed assets (bonds and equities). Because of operational difficulties, no alignment data are available for unlisted assets, and only property assets are eligible. REGULATORY RATIO As an insurer, Gan Assurances must disclose the following ratio on the data at 31 December 2023 presented at market value: investment ratio = proportion of investments for financing or associated with taxonomy ‑ aligned economic activities/total investments; ❯ the five templates gas & nuclear activities. ❯ In the context of the application of the Taxonomy Regulation, the following definitions and scopes of application are used: “Investments”: all assets held directly and indirectly on the Gan Assurances balance sheet. It is therefore a “transparent” view of the assets of Gan Assurances overall, excluding intra ‑ group assets but including unit ‑ linked; ❯

In summary, the asset exclusions for the investment ratio calculations are as follows: Type of assets

Numerator exclusion

Denominator exclusion

Exposures to central governments and central banks

X

X

Derivatives

X

Exposures to companies not subject to non ‑ financial reporting under the NFRD

X

Cash and cash equivalents

X

125

Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES