Groupe La Poste // CSR REPORT 2022

Improving climate resilience 5 WORKING TO ACCELERATE ENVIRONMENTAL TRANSITION FOR ALL ■

5.1.1 Climate change mitigation transition plan TCFD 2.c, 4.c In October 2021, La Poste Groupe signed the Science-Based Targets Business Ambition for 1.5°C pledge. With this signature, the group is resolutely working alongside the United Nations Global Compact to achieve zero net emissions by 2050 at the latest. More specifically, the group has committed to achieving “net zero emissions” by 2040, i.e. ten years ahead of the global commitments.

■ reduce the carbon footprint (Scopes 1 and 2) of its directly owned real estate portfolio by an additional 10% between 2019 and 2024; ■ reduce the carbon intensity (Scopes 1 and 2) of electricity producers in which CNP Assurances is a direct shareholder or bondholder by an additional 17% between 2019 and 2024; ■ dialogue with eight companies (six directly and two via the Climate Action 100+ collaborative initiative) and two asset managers to encourage them to adopt a strategy aligned with a 1.5°C scenario by the end of 2024, i.e. commit to carbon neutrality by 2050 and set intermediate targets in line with current scientific knowledge. La Poste Groupe, a TCFD Supporter since the summer of 2019, supports the definition of its ambitions and its roadmap on the recommendations of TCFD . The elements in this CSR report corresponding to one of the TCFD guidelines are identified by a label in the following format: TCFD 4.c . A TCFD cross-reference table is also presented in the appendix. The decarbonisation levers operated by La Poste Groupe are as follows. The associated action plans are detailed in Section 5.1.4: ■ Optimising industrial and logistics schemes ■ Reducing emissions from vehicles and transport ■ Reducing the footprint of the real estate portfolio ■ Offering products and services to promote the environmental transition ■ Financing and directing savings towards green and responsible activities ■ Offering responsible insurance products ■ Conducting a responsible purchasing policy (section 2.4, p44) La Poste Groupe has an investment plan favouring low-emission vehicles. ■ The group’s Finance Department manages work to integrate the climate trajectory into financial trajectories. ■ By 2025, the Services-Mail-Parcels business unit will allow 200 million euros to the greening of its commercial vehicle fleet. On the 1st and last kilometer, La Poste is relying on electric vehicles to reduce its carbon footprint. It will double its vehicle fleet by acquiring 8,000 additional electric utility vehicles and deploying 1,000 cargo bikes which will complement the 200 existing ones. With these 15,000 electric vehicles, 1 out of 2 Colissimo deliveries will be carbon-free by 2025 in France and 100% of Colissimo deliveries will be carbon-free not only in Low Emission Zones but also in major cities.

The group’s various entities are working on ambitious decarbonisation trajectories and are part of a validation process by the Science-Based Targets initiative (SBTi): ■ La Poste (SBTi trajectory certified in 2019): 30% reduction in emissions (1) by 2025 (compared to 2013) in accordance with the objectives of the Paris Agreement (51% on Scopes 1 and 2, in line with the 1.5°C scenario and 14% on Scope 3, in line with the 2°C scenario - the scenarios selected, the IPCC scenarios, SCP 2.6 and 8.5, are described on the following page). As part of the work to update this trajectory, the Services Mail-Parcels and Consumer and Digital Services business units, as well as Corporate, have committed to a common medium-term trajectory aimed at reducing their emissions by 42% (Scopes 1 and 2) and 25% (Scope 3) by 2030 compared to 2021, and in the long term, by 90% between 2021 and 2040. These Near Term (2030) and Long Term (2040) trajectories were submitted to the SBTi in December 2022. ■ Geopost is committed to reducing its greenhouse gas (GHG) emissions from scopes 1, 2 and 3 by 43% by 2030 and by 90% by 2040 compared to 2020. Its near term (2030) and long term (2040) trajectories were submitted to SBTi in July 2022 and validated in February 2023. 350 (2) major European cities (over 50,000 inhabitants) will be covered exclusively with low emissions delivery solutions by 2025, via the deployment of over 15,000 alternative vehicles, 6,700 charging points and 250 urban depots, resulting in an 83% reduction in annual COE emissions in the last mile alone and a 95% reduction in polluants (compared with 2020). ■ La Banque Postale has become the leading European bank, with its decarbonisation trajectories approved by the SBTi in October 2021. It has undertaken to: ■ for Scopes 1 & 2 (3) , reduce its greenhouse gas emissions by 46.2% by 2030 compared to 2019, ■ continue to use 100% renewable electricity until 2030, and ■ achieve scientifically determined objectives for 85% of its total financing and investment portfolio (4) by 2030; ■ CNP Assurances joined the Net-Zero Asset Owner Alliance in November 2019, and set its climate targets for 2025: ■ reduce the carbon footprint (Scopes 1 and 2) of its direct equity and corporate bonds portfolio by an additional 25% between 2019 and 2024;

(1) The scope of this objective includes the entities of the La Poste parent company, in particular the business units Services-Mail-Parcels and Consumer and Digital Services and the headquarters. (2) The initial target of 250 cities was raised to 350 in the beginning of 2022. (3) Scope 1: direct emissions related to the operational scope. Scope 2: indirect emissions related to the production of energy for these activities. (4) Real estate loans, commercial real estate, financing of energy projects, equities and bonds and long-term loans to companies.

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