NATIXIS - 2018 Registration document and annual financial report

NON-FINANCIAL PERFORMANCE REPORT Managing environmental & social risks

Managing environmental & social risks 6.4

INCORPORATING E&S CRITERIA 6.4.1 IN FINANCING OPERATIONS AND INVESTMENTS The ESR Department ensures environment and social (E&S) risks are taken into account in our financing and investment business lines. A risk monitoring team has therefore been assigned to track ESR policies in sensitive sectors, determine which business sectors to exclude from such policies, assess the quality of assessment and monitoring of E&S risks in transactions, and analyze the reputational risk incurred by the parties involved.

Natixis will also no longer provide general-purpose corporate financing to companies for which coal-fired power plants or thermal coal mines account for over 50% of their activity. This commitment was set out in a sector policy published on Natixis’ website at the following address: https://www.natixis.com/natixis/upload/docs/application/pdf/2016-07/ 160708_coal_policy_fr.pdf. It also applies to investments made by Ostrum, across all directly managed portfolios, and to Natixis Assurances, across all general-purpose funds. Both Ostrum and Natixis Assurance have stopped investing in industrial companies deriving 50% or more of their business from coal-fired power plants and/or thermal coal mining. It should be noted that the amount of Natixis’ exposure to coal-industry financing has fallen steadily since the commitment made in October 2015. At the end of 2018, financing of thermal coal mines amounted to zero and was residual in coal-fired power plants. Defense Since March 2009, Natixis has excluded financing, investment and offers of services to companies involved in manufacturing, storing or trading anti-personnel mines and cluster bombs.

Implementation of ESR policies in sensitive sectors

ESR policies have been drawn up and included in the risk policies applied by the business lines working with the most sensitive sectors. These policies cover the following sectors:

Coal industries

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Since October 15, 2015, Natixis has undertaken to stop financing coal-fired power plants and thermal coal mining around the world.

2018 Key Event Publication of defense sector policy

The commitment made by Natixis in March 2009 was extended to include a Defense sector policy published in June 2018. This policy, which is available for consultation on the Natixis website, extends the scope of arms excluded by the Group and sets specific criteria for conducting transactions, notably with respect to arms exporting and importing countries. The policy also applies to investment operations undertaken by Natixis, Ostrum, and Natixis Assurances. https://www.natixis.com/natixis/jcms/rpaz5_68332/fr/politique-sectorielle-dans-le-secteur-de-la-defense

Tobacco In December 2017, Natixis committed to discontinuing all financing of, or investment in, tobacco producers, wholesalers, and traders as well as tobacco product manufacturers. This

exclusion has deepened the bank's commitment to fighting cancer, as patron of the Gustave Roussy foundation since 2011.

2018 Key Event Publication of Tobacco sector policy

In light of the commitment undertaken in December 2017, Natixis published a detailed account of its tobacco sector policy in May 2018. The latter applies to Natixis, Ostrum and Natixis Assurance's financing, investment and services activities. For more information please refer to: https://www.natixis.com/natixis/jcms/lpaz5_67146/fr/politique-sectorielle-tabac

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Natixis Registration Document 2018