NATIXIS - 2018 Registration document and annual financial report

6 NON-FINANCIAL PERFORMANCE REPORT Managing environmental & social risks

Oil and gas In December 2017, Natixis committed to stop providing financing for the exploration and production of oil sands and oil in the Arctic region. 2018 Key Event Publication of oil and gas sector policy Natixis published its oil and gas sector policy in November 2018. This set out the conditions underlying Natixis’ commitment, namely: to discontinue the financing of projects involving the exploration, production, transportation and storage of extra-heavy j oil and oil derived from oil sands, and related export terminals; to no longer provide general purpose corporate financing for, and no longer invest in*, any company of which the j aforementioned activities (see above) account for 30% or more of total operations; to discontinue financing for onshore or offshore oil exploration and production projects in the Arctic. j For more information please refer to: https://www.natixis.com/natixis/upload/docs/application/pdf/2018-11/natixis_esr_sector_policy__oil__gas.pdf * This applies to all Natixis Assurances investments.

BREAKDOWN OF THE NUMBER OF PROJECTS REVIEWED ■ BY SECTOR (2016-2018) (1)

This commitment to protect the Arctic upholds the position already adopted by Ostrum and Mirova, which, since 2016, have headed a group of investors having signed a declaration calling for the Arctic region to be protected against oil exploration activities, and for the adherence to national commitments to combat climate change in this particularly hydrocarbon-rich area of the world. Other industries Natixis has internal ESR policies for the nuclear, mining & metals, and palm oil sectors. These apply to financing operations and cover the following issues: nuclear: compliance with the strictest international security a rules (IAEA, etc.), reliability of technologies, demonstration by the host country and the operator of their capacity to control and operate their nuclear industry, based on specific criteria; mining & metals: compliance with international mining industry a standards as well as the E&S criteria established by the IFC (World Bank); palm oil: traceability and compliance with best practices and a applicable standards. Overview of financing transactions over the last three years Managing environmental and social risks across Natixis’ financing business lines involves analyzing clients and transactions to ensure they comply with its ESR policies and exclusion commitments, analyzing transactions according to the Equator Principles or other evaluation methods, and analyzing controversial issues that its clients may run into. Over the last three years, 305 such transactions have been managed in this way, with the following sector breakdown:

17% Other

15% Mining

21% Oil & Gas (1)

30% Electricity

17% Infrastructures

BREAKDOWN OF THE NUMBER OF PROJECTS REVIEWED ■ BY GEOGRAPHIC AREA (2016-2018) 27% North & South America 29% Asia-Pacific

22% Middle East and Africa

22% Europe-CIS

Equator Principles As a signatory of the Equator Principles since December 2010, Natixis applies an industry-wide methodology recognized by 94 member banks and financial institutions aimed at evaluating the E&S risks of the projects it finances and assessing the quality of the management systems used by its clients to manage, minimize, and remedy the impacts they cause as best they can. This methodology applies to the financing of investments in new projects or the extension of existing projects. For Natixis it mainly concerns infrastructure, energy (oil, gas), electricity and renewable energy, and the mining and metals sectors around the world.

Oil & Gas: special purpose ship and offshore platform included (1)

480

Natixis Registration Document 2018