Groupe La Poste // CSR REPORT 2022

Structured governance 1 LA POSTE GROUPE PROFILE AND STRATEGY ■

1.3.8 Precautionary principle The precautionary principle in banking activities is an important issue : ■ in January 2016, La Banque Postale’s Executive Committee approved the launch of a Responsible Financing and Investment Charter which oversees the activity of lending to legal entities as well as the activity of financing and investment banking. The Charter stipulates that requests for loans should be denied to applicants from a certain number of sectors considered to carry excessively high non-financial risks (gaming, pornography, tobacco, nightclubs and coal mining). They should also be denied to organisations and businesses that have seriously or persistently broken the law, Codes of Conduct or industry-wide agreements (breaches of environmental legislation, of international Codes of Conduct or agreements and of fundamental labour conventions). The “ coal sector policy ” specifically oversees this sector; ■ La Banque Postale has also drafted a “ defence sector policy ”. It is careful to ensure that none of the portfolios managed by its asset management and wealth management professionals include businesses involved in the manufacture and trade of controversial weapons (such as anti-personnel mines and cluster bombs) and unconventional weapons (including biological, chemical, nuclear, or depleted uranium weapons, blinding weapons or incendiary devices). La Banque Postale shares an exclusion list which applies to all its activities; ■ in addition, La Banque Postale strives to curb any financial, legal and reputational risks arising from investments in low regulation, non-transparent jurisdictions that are not cooperative in cases of tax fraud, money-laundering and terrorism financing. It has drawn up a list of high-risk countries where it will not go ahead with or participate in any new commercial ventures. Section 2.4.1.3.1, pages 90 and 91 of La Banque Postale’s Universal Registration Document present the sectoral policies and commitments as well as the exclusions under the regulations for the fight against money laundering and the financing of terrorism of the Bank, La Banque Postale Asset Management and CNP Assurances.

In transport and logistics activities, the introduction of hazardous goods is strictly prohibited in mail and/or parcels in France: ■ Article 19-001 of the UPU La Poste Letter Manual specifies the hazardous goods accepted on an exceptional basis: radioactive materials contained in letters sent by mail or postal parcels subject to restrictions; infectious substances contained in letters sent by mail or postal parcels subject to restrictions; lithium cells and lithium batteries sent by mail and postal parcels subject to number, power and packaging conditions; ■ instruction sheets outlining the action to be taken should an individual come into contact with these substances or in the event of emergency situations are distributed to the target populations; ■ employees are given training under the auspices of the relevant government authorities, i.e. the Directorate General for Enterprise ( Direction générale des entreprises – DGE) and the Directorate General for Civil Aviation ( Direction générale de l’aviation civile – DGAC). Since 2013, all production personnel in La Poste’s handling, sorting and forwarding departments at Roissy HUB, Colissimo Chilly-Mazarin, Roissy PIAC and in French overseas departments receive induction training in hazardous goods, lithium cells and batteries every two years. All public facing staff of the La Poste Network and the international defence sector postal service follow an e-learning course on the conditions for accepting customer items. Procedures for reporting to La Poste Groupe’s safety and security unit are in place. Training of trainers is carried out in compliance with IATA and ADR regulations. The level of training, the reporting of incidents and the identification of new sites to be trained are controlled by La Poste and the Directorate General for Enterprise and the Directorate General for Civil Aviation. For freight activities, La Poste ensures the IATA regulations are fully observed for air freight and the ADR regulations for road haulage. GeoPost/DPDgroup ensures it complies with the applicable regulations and has put procedures in place covering incidents involving dangerous products. Minimum standards are currently being drafted to harmonise the level of safety right across GeoPost/DPDgroup.

CSR Report 2022/ LA POSTE GROUPE 31