NATIXIS // 2021 Universal Registration Document

7 ACCOUNTABILITY REPORT ENVIRONMENTAL AND SOCIAL RESPONSIBILITY 2021 Business line contributions to green and sustainable growth

DNCA has developed a temperature rating methodology for its CDP portfolios (1) . DNCA has also published its first climate report on its DNCA portfolios and has developed new partnerships with Climate Action 100+ and the TCFD. Dorval AM supports the “Non Disclosure Campaign” and the “Science-Based Target Campaign” (SBT) led by the CDP. These campaigns encourage companies to publish and set reduction objectives for their emissions. Dorval AM publishes an annual climate impact report for all its open funds in line with the Paris Agreement based on the methodology of their partner ISS. In this report, the current and future emissions of the invested companies are compared according to three different climate scenarios developed by the International Energy Agency: sustainable development scenario (SDS), the declared policy scenario (STEPS) and the current development scenario policies (CPS). In addition, Dorval AM’s ambition is for at least 80% of its open-ended funds to be aligned with a trajectory of less than or equal to 2°C b2y050. Loomis Sayles has integrated climate impact assessment instruments for its portfolios in order to better understand the risks and associated climate scenarios. These instruments make it possible to measure and monitor the carbon footprint of their portfolios and compare them with their benchmarks. Work on the integration of new external assessment tools and more data on climate change is underway to improve its carbon footprint assessment capabilities. Loomis Sayles uses several ESG data providers, including ISS, which gives them a comprehensive approach to climate risk and transition scenarios to assess the potential impact of future events on their portfolios. Loomis Sayles is a member of Climate Action 100+ (2) . Since this year, Ossiam AM excludes the financial assets of companies involved in the exploration and production of oil and gas in the Arctic, as well as those involved in the exploration and production of oil sands regardless of the location of this activity. Ossiam will include benchmarks compatible with the Paris Agreements (Paris Aligned Benchmarks) in its funds and, in keeping with its principle of transparency, will begin to disclose the physical risk of funds. Ostrum AM is committed to campaignsorchestratedby the CDP for greater transparency and to encourage companies to adhere to the SBT objectives. It is also a signatory of a declaration encouraging States to go further in their climate ambitions within the framework of COP 26. Ostrum AM is also in the process of developing an oil & gas policy. Thematics AM published its first climate strategy and disclosure report, which details its commitment to reducing its environmental footprint, in line with the recommendationsof the TCFD and those of Article 173 VI of the French law on the energy transition for green growth. This objective was made possible in part thanks to the services of a third-partydata provider (S&P Trucost)whichmeasures the alignment of the companies invested by Thematics AM with the Paris agreements. To assess the climate performance of companies as closely as possible, Mirova has developed, in collaboration with Carbone 4, a methodology that uses a life cycle approach to calculate both

induced emissions and avoided emissions. Thanks to these two measures, which are homogeneous across sectors and companies, Mirova is able to quantify the exposure of its portfolios to risks and opportunities related to climate change and the energy transition. Naxicap Partners has carried out an exhaustive calculation of the carbon emissions of the companies in its portfolio, focusing in particular on Scope 3 emissionsand thus has a better understanding of the overall carbon footprint of its portfolio. Sirsa, an ESG and carbon consulting firm, was commissioned to calculate the scope 3 carbon emissions of the companies in the Naxicap Partners portfolio. Sirsa used a simplified approach to identify the most significant sources of greenhouse gas emissions, particularly in scope 3, in order to reflect a global vision and deliver usable results. The estimation of scopes 1, 2 and 3 was carried out in 2021 on 71% of assets under management (from the ESG scope) for an average carbon intensity of the portfolio of 621 tCO 2 e/million euros invested. This work highlighted the main sources of emission of each company, making it possible to define precise action plans. As a result, from 2022, Naxicap Partners has set itself the goal of building a climate trajectory with the most impacted and impactful investments (according to the principle of dual materiality). MV Credit is a signatory of the Global Investor Statement to Governments on the Climate Crisis in 2021. Vauban Infrastructure Partners thus excludes investments in the exploration and production of fossil fuels (coal, oil, shale gas and gas), and annually assesses the carbon footprint of the assets in the portfolio (on scopes 1, 2 and 3). This assessment makes it possible to identify the levers for action to reduce and avoid GHG emissions, to engage in dialog with joint ventures on these actions, and to discuss compensationsolutionswhen emissionscannot be avoided. Vauban Infrastructure Partners is also part of the TCFD approach and is committed to offsetting its own carbon emissions. In the GRESB (Global Real Estate SustainabilityBenchmark) assessment in 2021, Vauban InfrastructurePartners was ranked first in the Europe – Diversified – Private Equity funds category with a GRESB score of 5/5. In 2021, efforts by AEW CILOGER focused on adapting to the physical risks of climate change. AEW CILOGER has finalized a project on a list of pilot buildings, aimed at assessing these risks, their financial impacts and defining adaptation plans to reduce the vulnerability of the affected assets. This study was returned to investors. For the main funds and mandates, climate risks are now systematically included. With regard to GHG emissions, dedicated reports and targets for reducing these emissions have been set for several investors. In September 2021, AEW Capital Management joined the ULI Greenprint alliance made up of real estate groups, investors and strategic partners committed to improving the environmental performanceof the real estate sector. The alliance and its members are aiming for a net zero carbon target by 2050, in line with the Paris Agreement target. AEW Capital Management will publish its first TCFD report in 2022.

Carbon Disclosure Project is a non-profit charitable organization that runs the Global Disclosure System for investors, companies, cities, states and regions to manage their (1) environmental impact. Website: https://www.cdp.net/fr. Climate Action 100+: investor-led initiative to ensure that companies with the highest emissions of greenhouse gases globally take the necessary actions to promote climate (2) change. Website: https://www.climateaction100.org/.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021