Groupama // Universal Registration Document 2022

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

In accordance with the information provided by the European Commission in its various Q&As, for regulatory reporting, the information published must be based on actual data provided by non ‑ financial or financial entities. The use of estimates and proxies is not possible. This year, all property exposures (investment and operation), held directly or indirectly, were fully

recognised as eligible on the basis of actual information. For other assets, for operational reasons our data provider is not able to make available reported data on the share of turnover (or CAPEX) eligible for the taxonomy or the NFRD liability of companies.

Regulatory Ratio

Of which UL (in €M)

(in %)

(in €M)

Share of exposures on taxonomy ‑ eligible activities

12.6%

6,502.5

438.9

Share of exposures on taxonomy non-eligible activities excluding cash

0.0%

0

0.0

Share of exposures on “unallocated” activities

57.0%

29,373.4

5,651.4

Cash and cash equivalents

7.3%

3,744.0

482.1

Share of derivatives

-1.2%

-604.4

-8.0

Share of exposures to companies not subject to the NFRD (/DEFP)

24.3%

12,530.2

3,679.1

TOTAL ASSETS EXCLUDING PUBLIC EXPOSURES

100.0% 51,545.6

10,243.3

Share of exposures to central governments, local governments (sovereigns), central banks or supranational issuers

34.5%

27,188.1

1,726.9

TOTAL ASSETS

100.0% 78,733.7

11,970.3

(b) Voluntary ratio However, as part of its voluntary reporting, Groupama has chosen to publish an investment ratio based on estimated data. All of the assumptions used for this calculation are described below and we use the same definition of investments and the same asset exclusions as for the regulatory ratio. To identify companies subject to non ‑ financial reporting under the NFRD, we use the following approach: the Group’s investment portfolios are invested in listed companies or companies above the NFRD threshold, excluding corporate private equity and loan funds; ❯ thus, we considered that all companies whose registered office is in an EU country ( i.e. , excluding Switzerland and the UK) were eligible for the NFRD, with the exception of companies owned through loan or private equity funds for which no information is available. ❯ Change in regulatory ratio between 2022 and 2021 Between the end of 2022 and the end of 2021, the regulatory ratio increased by 12.6 percentage points from 0% to 12.6%. This increase is explained by the inclusion of the entire property exposure in the regulatory ratio. The eligible economic activities are identifiable from the NACE codes listed in the two annexes to the delegated climate act.

Thus, for the calculation of the voluntary ratio, we have chosen to reason by sector of activity, by retaining 100% of a company’s revenue in the sector of activity with which it is associated. We have used the guidance provided by the Commission through the EU Taxonomy Compass tool available at https://ec.europa.eu/sustainable ‑ finance ‑ taxonomy/. Specifically, if an issuer has a NACE sector explicitly referenced in this tool, we considered 100% of our exposure to be eligible. This is the case, for example, for the whole property sector (acquisition or ownership of property being associated with NACE code L68): we assume that all our property and forestry assets are taxonomy ‑ eligible. However, if an issuer is engaged in an activity not explicitly listed, we have considered it to be entirely ineligible. For example, let us take the example of an issuer associated with a NACE code 35.1 which corresponds to “Production, transport, and distribution of electricity”. Within this category, the taxonomy retains NACE D35.11 to D35.13 as eligible but not D35.14. As the issuer under consideration has several activities corresponding to different subcategories within D35.1, it cannot be assigned a more precise 4 ‑ digit NACE code, so we consider it to be completely ineligible. For the specific case of infrastructure funds, we have considered all EU exposures associated with an eligible NACE code as eligible (following the same rule as presented above).

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES