NATIXIS -2020 Universal Registration Document

6 2020 NON-FINANCIAL PERFORMANCE REPORT Strategic outlines and organization of the ESR policy

Recognized ESR performance 6.1.6 Given the importanceplaced on ESR ratings by investors, Natixis has increased its communicationswith ESR rating agencies in an effort to establish more consistent and structured dialog while addressing the areas of focus identified to guide its own ESR initiatives. Natixis is rated by various ESR rating agencies and has recorded solid performances in social, environmental and governance areas,

earning its way onto the major ESR indices: VigéoEiris Europe 120 indices, Stoxx indices including Stoxx Global ESG Leaders, Stoxx Europe 600 ESG-X and Euro Stoxx Low Carbon. The following table shows the most recent assessments by the top ESR rating agencies and their previous ratings.

Agency

2019 CSR rating

2018 CSR rating

2020 CSR rating

59/100 (robust)

59/100

58/100 C/Prime 75/100

VE (Vigeo Eiris)

ISS- ESG

C/Prime

C+/Prime

Sustainalytics

78/100 (leader)

82/100

MSCI CDP*

AAA

AAA

AAA

A-

B

D

Since 2020, Natixis has responded to the CDP questionnaire with BPCE. *

Review of the main ESR risks 6.1.7 In accordance with the new requirements of the non-financial performance report, Natixis has described its business model (see p. 8-9) and identified the main risks and opportunities arising from the social and environmental impact of its activities, the respect for human rights, and the fight against corruption and taxavoidance. Natixis has applied Groupe BPCE’s risk rating policy, based on the ESR risk analysis methodology established by the Group Risk, Compliance and Permanent Control division, which established: a breakdown of ESR risks according to the following types: V governance, products and services, internal operations. These risks were identified in terms of regulations, industry practice, ESG rating agencies’ assessment criteria and requests from clients and investors; a methodology for ranking the risks by their frequency andseverity; V an assessment of the corresponding risk management systems. V In addition, in conjunction with the Natixis Risk Management and ComplianceDepartment, the list of Natixis ESR risks and their rating were reviewed in relation to the Risk Appetite System, Natixis’ own risk monitoring tool, as updated and validated fotrhe fiscal year 2020 by the Natixis Board of Directors:

conduct risk, certain non-compliance risks and cyber risk are V identified as material risks, which could have a significant impact on Natixis’ financial (liquidity, solvency and profitability), strategic or reputational trajectory with a probability of occurrence of more than three years (which explains the changes in the matrix compared to 2019); social and environmental risks related to financing activities have V been included in the review of the Risk Appetite System since 2019. Environmental risks cover both physical and transition climate risks, which are considered material, and other environmental risks (impact on biodiversity, pollution, natural resources); in 2020 two points of attention were raised on the materiality of V these risks: increased environmental and health risks, V increased transition risk for the energy and natural resources V financing business lines. Other ESR risks – particularly related to HR policies or our direct impact on the environment – are not listed in the Risk Appetite Systembut have been positioned in the gross ESR risk matrix (before risk management systems), depending on their severity and probability of occurrence.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020