Groupama // Universal Registration Document 2022

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

(a) The risk of not taking environmental and climate factors into account in investments We define sustainable investing as integrating environmental, social/societal, and governance (ESG) factors into investment processes to help manage financial risks and finance transitions. The challenge is therefore twofold: taking into account sustainability risks, i.e. , risks related to ESG factors, in particular climate factors that may affect the value of or return on financial assets; ❯ managing the negative impacts linked to our investments and promoting the positive impacts of financial management on sustainability factors, in particular by contributing to the fight against global warming and contributing to the financing of the three major transitions (demographic, digital, and ecological). ❯ This corresponds to the concept of “double materiality”, which is the basis of the European definition of sustainable investment and therefore of all European regulations on sustainability issues. In particular, this policy must contribute to financing the transition to a low ‑ carbon and resilient economy, compatible with a scenario of global warming limited to 1.5 °C by 2050, in To date, this sustainable and responsible investment strategy is more focused on climate risk and is based on four pillars, which will be detailed in the rest of the document: asset management fully incorporating ESG criteria; ❯ an exclusion policy to address the highest sustainability risks and eliminate the most harmful financing: ❯ coal is the main source of greenhouse gas (GHG). 40% of GHGs can be attributed to coal, which by its nature releases more GHGs than oil or gas. ■ In 2020, the Group committed to a total withdrawal, in its investment portfolios, from the thermal coal value chain by 2030 in the European Union and OECD countries and by 2040 in the rest of the world. To achieve this total withdrawal from coal financing, Groupama is committed to not renewing any investment and gradually disengaging with any company: whose revenue or energy production mix is based more than 20% on coal, — whose annual production of coal exceeds 20 million tonnes, — an equitable manner. Risk control levers

4.2.2.5 Social impact investment The objective of “Groupama Social Impact Debt” is to offer our customers a social impact through their investment by enabling them to invest in SMEs rooted in the local community. Groupama invests in the local economic fabric by directly supporting entrepreneurs by granting loans of €5 million to €20 million. To align our convictions as a player in sustainable finance and as an investor, we select solid companies that are committed to improving their social assessment. Groupama thus supports companies that make commitments to job creation or the purchasing power of employees. The amount of responsible investment–assets managed according to ESG criteria –criteria by Groupama Asset Management is indicated in section 4.2.2.4. Focus on employee savings Since it was formed, Groupama Épargne Salariale has taken a CSR approach in particular thanks to its offering of financial vehicles intended for the 137,000 employees of 17,500 customer companies. For example, in 2022, more than 20 investment vehicles offered by Groupama Épargne Salariale had the SRI Label created by the Ministry of Finance and are therefore recognised to incorporate, in addition to financial criteria, factors related to the impact of issuers on the environment, society, and governance issues. Another significant element of the CSR approach is the success of online, and therefore paper ‑ saving, subscription by the sales teams. See section 4.2.3. Financing the real economy The Groupama group is committed to financing the economy, particularly through support for growing SMEs/ISEs as well as assets contributing to sustainable development (renewable energy infrastructure, technological infrastructure, etc.). This financing is done through both the shares of unlisted companies (private equity – PE) and infrastructure as well as via private debt (loans). In 2022, Groupama committed €800 million in new unlisted assets (PE, infra , and loans), including €375 million in infrastructure, mainly European. As a financial player committed to supporting the major challenges of transition, the preservation of the environment and the fight against climate change are indeed major issues; as a service sector company, the Group’s risks and impacts in this area are most significant not in its establishments or travel but in the area of its investments and its insurance offers; in the medium term, the risk of global warming is one of the highest; therefore two significant risks : (1) (2) Environmental issues and associated risks

(1) (2)

Environmental, social, and governance criteria. See summary tables in the appendix. Regarding the Group’s ecological footprint, see part 4.2.3.

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Universal Registration Document 2022 - GROUPAMA ASSURANCES MUTUELLES