NATIXIS // 2021 Universal Registration Document

What are your strategic ambitions for 2024? BPCE 2024 is above all a development

thus hold 100% of these two companies, will contribute to our strategic objectives. Our asset management growth will also be sustainable: we are targeting €600bn in assets under sustainable or impact management by 2024 - i.e. more than 50% of our assets under management. In addition, we want to make Natixis Corporate & Investment Banking the new brand of our Corporate & Investment Banking, the benchmark bank for our customers in eight key sectors: energy, metals & mining, real estate, transport, telecom & tech, environment, health and insurance. We will grow while supporting our customers in their sustainable growth strategy, thanks to our expertise in green

finance developed within the Green & Sustainable hub, and by developing our offer to support our customers in their technological transition thanks to the recent creation of a dedicated Tech Hub. In the retail business lines, we want to accelerate the deployment of responsible insurance solutions for customers of Groupe BPCE networks, by capitalizing on the investments made. And we want to make the payments business ever more innovative, a source of growth for the Group and differentiation for its networks. To support these strategic ambitions, we have implemented a vast project to develop our business lines and simplify them within Groupe BPCE.

plan for all our business lines. We will use three main levers: diversify, for the benefit of our customers and our development; commit to energy transition and SRI finance; transforming ourselves and investing to create sustainable value. In each of our business lines, our objectives for 2024 are ambitious. In Asset & Wealth Management, we will assert Natixis Investment Managers as a world leader thanks to our unique model, decentralized expertise, unified distribution and strengthened controls. The entry into exclusive negotiations with La Banque Postale to acquire 40% of the share capital of AEW and 45% of the share capital of Ostrum AM, and

"We have a major role to play in supporting our customers in their environmental, technological and societal transitions, and this is an opportunity for our business lines and our employees"

What challenges does this Group project address? This project, implemented in March 2022, will allow us to raise our ambitions even higher.

the growth potential of the retail business lines, positioned as close as possible to their main customers. For their part, the Asset & Wealth Management and Corporate & Investment Banking business lines are brought together in a new business unit called Global Financial Services, thus welcoming Groupe BPCE’s fully committed to our customers in a very difficult international context. We have learned a lot again this year and I have confidence in the talents of the men and women of Natixis to continue to sustain and grow the winning model that we have built.

international financial expertise. In this new framework, the aim is to provide them with greater strategic leeway and to offer them more direct access to the Group’s resources. Finally, the Group’s project aims to rethink the operating model for the functional channels between Natixis and the BPCE community.

In concrete terms, the insurance and payments activities are joining Groupe BPCE’s retail banking business lines. This completes the movement initiated by the creation of the Financial Solutions and Expertise division and strengthens A final message? As we approach this new milestone for our business lines and all our employees, I am delighted with the many assets we have in hand to continue to transform, develop and innovate. I want to approach 2022 with the conviction that we have a role to play in environmental, technological and societal transitions and that we remain

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021