NATIXIS // 2021 Universal Registration Document

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

data accessibility:unlike climate data (mainly GHG emissions)held V by companies, data related to natural capital requires access to larger databases (government, NGOs, universities, etc.); spatiality: risks related to nature are specific to their location, and V the locations of a company’s assets are generally not disclosed; materiality: nature is a public good and is currently used free of V charge by companies. Risks related to nature are therefore rarely taken into account in financial decision-making.The working group will have to consider the possibilities of integrating this materiality through regulations, changes in terms of reporting or responsibility. Once adopted, the TNFD will enable banks to manage the indirect impact of their investment and financing activities on nature, to reduce financial flows with a negative impact while promoting those with a positive impact. Mining activities to extract, recycle and transform commodities have a significant impact on natural capital and biodiversity. For this reason, Natixis works with its clients to plan, avoid, reduce and offset the impact of these activities at each stage in the investment process. For each transaction, the Energy & Natural Resources(ENR) team ensures that its clients observe the practices required in the sector (includingthe Equator Principles) and Natixis’ internal policies. For agricultural commodities , Natixis helps its clients with natural capital protection. In 2021, Natixis acted as MLA Bookrunner and Sustainability Coordinator for the refinancing of a 3-year revolving credit facility linked to sustainability objectives, in favor of the American agricultural commodities trading group, Bunge. The interest rate under this facility is linked to the Company’s credit ratings as well as five Core Sustainability Goals, which include the recently established Science-Based Goals (SBTs) that define the Bunge Climate Goals within its operations and reinforce the Company’s commitment to eliminate deforestation in its supply chains by 2025. First blue bond issue of a commercial bank in Asia : in September 2020, Natixis acted as associateglobal coordinatorof the first issue of the Blue Bond of Bank of China Limited, Paris branch ($500 million tranche at 3 years). This innovative financial instrument will finance the restoration of the coastline, the biodiversity of the seabed, sustainable fishing, offshore wind and the fight against pollution (waste and wastewater treatment). The issue is aligned with the ICMA Green Bond Principles.

Participation of Natixis and Mirova in the Taskforce on Nature-related Financial risk and Disclosure Natixis actively contributesto the international initiativeTaskforceon Nature-related Financial risk and Disclosure (TNFD), which should lead by 2023 to the creation of a standard for measuring the impact and reportingbiodiversity issues for companies, on the TCFD climate model. The TNFD is the result of a partnership between the Natural Capital Finance Alliance (NCFA), the United Nations Development Program (UNDP) and the World Wildlife Fund (WWF), with the support of the British government. Through its subsidiary Mirova Natixis is part of the TNFD initiative steering group. This working group will have to address several issues:

Recognition of biodiversity in financing and investments

7.2.3.2

The Green Weighting Factor Initiative introduced in September 2019 now systematically evaluates the impact of financing solutions on biodiversity in relevant sectors as well as the impact of dedicated financing solutions (project or asset financing) on Key Biodiversity Areas. Natixis already incorporates an in-depth analysis of the impact on biodiversity in its project financing activities and in 2021 it will continue to step up its recognition of natural capital preservation in all its activities: In accordancewith the Equator Principles , Natixis requires its clients to examine all the risks and potential impacts of their projects from an environmental, social, health and safety perspective and to take all the necessary steps to minimize and correct the potential impacts. Protecting biodiversity is an integral part of these requirements. The quality of the client’s impact studies and management systems is also taken into accountwhen assessingthe project. The assessment is generally performed by an independent consultant and it pays particular attention to the preservation of natural and critical habitats, in compliance with the regulations applicable to the project. For projects located in non-designated countries (1) , additional action is required to meet the conditions set by the International Finance Corporation (2) .

As defined in the Equator Principles. (1) IFC Performance Standard 6: biodiversity conservation and sustainable management of living natural resources. (2)

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021