UNIVERSAL REGISTRATION DOCUMENT 2023

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

(b) Risk of not taking the environmental and climate impact into account in offerings (products and services) and underwriting policy The research analyses of impacts, risks, and opportunities conducted in 2023 highlighted the challenges associated with climate ‑ responsible products and services and the impact of climate issues on the business model. The significant risk associated with this is the failure to take into account the needs of policyholders in terms of resilience or support in the energy transition. This is an increasingly important issue due in particular to climate change, while maintaining the balance of our business model through controlled exposure. In addition to this is the consideration of 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. Like the challenges facing society, 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. Adaptation to climate change Groupama, a major player in property and casualty insurance, is exposed by the very nature of its activities and the importance of its territorial roots. The residential and agricultural markets are thus particularly affected by the loss experience in our portfolio. At the heart of its business, Groupama must assume the financial cost of climatic accidents through the financial compensation and material solutions it provides to individuals and companies, communities, etc. affected by natural disasters. The insurability of weather ‑ related events over time is an issue, given the continuous increase in the loss experience. Even though the loss experience is lower than in 2022, this structural trend was confirmed in 2023, particularly in France, with the inclement weather in the south in September and the Ciaran and Domingos storms in November. Drought on building and crop damage remain major concerns. Although storms and thunderstorms stand out as significant hazards in value, climate change is profoundly altering our exposure to drought and flooding, implying that we should focus our actions on these hazards. Proportion of “aligned” investments according to the European Taxonomy presented in section 4.2.5. of this document. ❯ Amount of Groupama Asset Management’s responsible investment at 31 December 2023: ❯ total assets under management: €102.4 billion , ■ (1) ESG ‑ rated assets: €84.3 billion (or 82.83% of total assets under management); ■

Risk control levers Group exposure due to underwriting

Given the exposure of Groupama, 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 scenarios. There is no major variation associated with climate change in the frequency and severity of storms in France, but rather the increase in heat, drought, precipitation in certain areas, and risks of coastal flooding. These elements were confirmed in a study conducted by France Assureurs, using climate models established by the Institut Pierre Simon Laplace. In weather claims, natural risk events (Nat. Cat. , forces of nature, storms) are already assessed in insurance risks (non ‑ life underwriting risks). Application of the Nat. Cat. and knowledge of the underwriting risk (verification of flood ‑ prone areas, etc.) contribute to proper monitoring of the risk. Natural hazard risks and climatic risks on crops (or MRC) are addressed in connection with the Group’s “major risks” plan as well as risk accumulation (technical): this plan consists of annual monitoring of each risk concerned, which makes it possible in particular to be as close as possible to the evolution of weather ‑ related risk events. The increase in climate risks has led us to strengthen our policy: (2) (3) creation of a Climate Lab (2022) consisting of a team of experts and internal and external skills to develop our knowledge and to support projects. We want to strengthen our partnerships with research institutions and organisations working on the ground to make agriculture and buildings more resilient to changing climate risks. Our challenge is to be able to accelerate our response by setting up an approach to adapt to climate change in order to better support our customers and members, while respecting our corporate purpose and controlling our commitments. WG by peril (flood initially, then drought, and storms/hail) are put in place; ❯ a roadmap for each business line is put in place to strengthen actions in the area of climate change adaptation; ❯ an in ‑ depth analysis of the data is carried out with the Reinsurance Department; ❯ a system for rapid information sharing within an internal climate community was put in place in the event of major events such as a storm. ❯

(1) (2) (3)

Internal and external customers. Intergovernmental Panel on Climate Change, IPCC, an intergovernmental body open to all UN member countries. Natural disasters.

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Document d’Enregistrement Universel 2023 GROUPAMA ASSURANCES MUTUELLES