NATIXIS -2020 Universal Registration Document

2020 NON-FINANCIAL PERFORMANCE REPORT Managing environmental, social and governance risks

in 2020, OstrumAM initiated a reflection on a new methodologyof V alignment with the IPCC temperaturescenarios in order to be able to report to its clients on the impact of their portfolios. A TCFD report will also be published in 2021; DNCA factors climate issues into its investment policy by drawing V on the work and recommendations of the Taskforce on Climate-related Financial Disclosure (calculation of each company’s climate risk exposure and assessment of its climate strategy). Since the end of 2020, DNCA assesses the temperature of all of its investments in partnershipwith the CDP. The objective is to take stock of the on-Boardclimate risks and to steer a gradual alignment of all investments in accordance with the Paris Agreement; Ossiam has established a framework for measuring its portfolios’ V transition risk and comparing it with their benchmark. This framework can be applied to several indicators such as GHG emissions, risks associated with the energy transition (coal reserves, etc.) or impact (production of green energy, etc.). Work on the temperaturetrajectoryof the portfolioswas initiated in 2020 and will be completed in 2021; in 2019, Loomis Sayles set up a new sub-Committeededicated to V climate change in order to integrate climate issues into its activities. Substantial work has been undertaken on climate change, including the use of tools such as analysis of climate-related scenarios as recommended by the TCFD; Harris Associates takes into account climate risk on a V case-by-case basis, depending on the exposure of individual companies to material risks related to climate change; Naxicap Partners has signed up to the International Climate V Initiative to help achieve the objectives of the Paris Agreement. An initial estimate of its carbon intensity (scope 1 and 2 emissions) was completed in 2019. In 2020, in respect of the 2019 fiscal year, Naxicap published all the GHG emissions of its portfolio companies, including scope 3 which accounts for the majority of companies’ impact on the climate; since 2018, AEW Ciloger reports on climate risk and alignment V with the 2°C objective for several investors using the Science Based Target (SBT) method. These portfolios are aligned with the objectives of the Paris Agreement; AEW Capital Management calculates the carbon footprint of 44% V of its portfolio: GHG emissions decreased by 2.1% in 2019 compared to 2018. In 2021, AEW Capital Managementwill develop and implement a resilience program that will align with the recommendations of the TCFD, including the determination of a target that aligns with the SBTI (Science Based Target Initiative) with an annual reduction of at least 2.5% of GHG emissions; Vauban IP excludes investments in the explorationand production V of fossil fuels and annually assesses the carbon footprint of the assets in the portfolio (scopes 1, 2 and 3). This assessmentmakes it possible to identify the levers of action to avoid and reduce GHG emissions and to engage in dialogue with joint ventures on these actions; since December 2020, NIM Solutions has access to Trucost’s V climate data to holistically support its clients in measuring and integrating climate criteria into their investments. This will be done through various services: portfolio analyses, integration of climate criteria, investment solutions integrating climate considerations, reporting, as well as a strong presence in methodological research and development.

In 2019, Natixis took part in the banking sector discussionswith the ACPR on two major topics: climate strategy and governance and climate risk metrics. These meetings allowed banks to present and compare their systems and will allow the ACPR to publish a guide to best practice in taking climate risk into account in the first quarter of 2020. Natixis was invited to present its system for analyzing transition risk in its financing activities by the NGFS (Network for Greening the Financial System), which includes 45 central banks and banking sector supervisors. Transition risks Transition risks arise when a company’sbusinessmodel needs to be adapted to a low carbon economy be it due to the introduction of stricter carbon regulations, a change in customer behavior, or technological innovation.These changingmarket conditionscan give rise to stranded assets or a significant loss in revenue, thereby exacerbating the Company’s credit risk. In 2018, Natixis took the innovative step of introducing a Green Weighting Factor to support its clients in the shift towards lower carbon activities and gradually decarbonize its balance sheet. Climate transition risk will be systematically included in the assessment of financing opportunities. Over and above the GWF methodology described above, this initiative has raised awareness of the risks and opportunities associated with climate change among business line and risk management teams. Insofar as since September 2019each loan file reviewed by the Credit Committee and covered by the initiativemust be rated for its climate impact, in-depth discussions are held during the loan approval process on the consequences of climate change on the borrower’s activity. Further work is currently underway to translate the color ratings resulting from the GWF methodology into a temperaturetrajectory.Natixis undertakesto use the GWF initiative to set climate impact targets for each of its banking activities. Climate impact targets will be defined with different time horizons (short, medium and long term) at bank level, and for each business line in 2021. In addition, training for the roll-out of the GWF also raised awareness among business line and risk management teams on the key concepts of climate risk analysis (materialityand intensity of climate risks, life-cycle analysis, supply chain analysis, associated reputation risk). In accordance with Article 173, Provision VI of the Energy Transition for Green Growth Act establishing new ESG reporting obligations, certain Natixis subsidiaries have made extensive efforts to measure the carbon footprint of their portfolios: Mirova and Natixis Assurances use the Carbon Impact Analytics V method co-developed by Mirova and Carbone 4 to calculate the carbon footprint of their portfolios. This innovative approach covers generated emissions, prevented emissions and each company’s overall contribution to the fight against climate change. It assesses investmentsmade relative to a benchmark scenario and compared to the principal market indices. Applied to the strategies managed by Mirova, the methodology shows that the investments made by the Natixis subsidiary are below the 2°C scenario and are much better than the main benchmark indices. Natixis Assurances has pledged to align its investment policy with the 2°C climate scenario and each year it will devote nearly 10% of new investments to green assets, with a target of 10% of its total investments being in green assets by 2030;

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020