NATIXIS // 2021 Universal Registration Document

ACCOUNTABILITY REPORT ENVIRONMENTAL AND SOCIAL RESPONSIBILITY 2021 Managing environmental, social and governance risks

Incorporating ESG criteria in financing operations and 7.3.1 investments Environmental, Social and Governance (ESG) risks are factored into financing and investment activities as part of a global approach involving the business lines, the ESR Department and the control functions. The approach includes drafting and applying ESR policies in the most exposed sectors, determining excluded sectors, and assessing and monitoring ESG risks on transactions and counterparties using various tools and processes.

Implementation of ESR policies in sensitive sectors

Tobacco Since December 2017,Natixis has undertaken to cease all financing or investment in favor of tobacco producers, wholesalers and traders, as well as manufacturers of tobacco products, and published a detailed sector policy on the sector in 2018 (1) . This policy applies to Natixis, Ostrum and Natixis Assurances’ financing, investment and services activities. Oil and gas In December 2017,Natixis committed to stop providing financing for the exploration and production of oil sands and oil in the Arctic region. In April 2021, Natixis published an oil and gas sector policy detailing the terms of its commitment worldwide, namely: to no longer finance the explorationand productionof shale oil and V gas projects; discontinue the financing of projects involving the exploration, V production, transportation and storage of extra-heavy oil and oil derived from oil sands, and related export terminals; no longer provide general purpose corporate financing for, and no V longer invest (2) in any company of which the aforementioned activities (see above) account for 25% or more of total operations; discontinue financing for onshore or offshore oil exploration and V production projects in the Arctic. This commitment to protect the Arctic upholds the position already adopted by Ostrum and Mirova, which, since 2016, have headed a group of investors having signed a declaration calling for the Arctic region to be protected against oil exploration activities, and for the adherence to national commitments to combat climate change in this particularly hydrocarbon-rich area of the world. Other industries Natixis has internal ESR policies for the nuclear, mining & metals, and palm oil sectors . These apply to financing operations and cover the following issues: nuclear: compliance with the strictest international security rules V (IAEA, etc.), reliability of technologies, demonstration by the host country and the operator of their capacity to control and operate their nuclear industry, based on specific criteria; mining & metals: compliance with international mining industry V standards as well as the E&S performance criteria of the IFC (World Bank), analysis of the traceability of trade flows and their acceptability (working conditions); palm oil: traceability and compliance with best practices and V applicable standards.

ESR policies have been drawn up and included in the risk policies applied by the business lines working with the most sensitive sectors. These policies cover the following sectors: Coal industries From October 2015, Natixis undertook to stop financing coal-fired power plants and thermal coal mining around the world. It also undertook to no longer provide general-purposecorporate financing to companies for which coal-fired power plants or thermal coal mines account for over 25% of their activity, and no longer support companies developing new coal-fired power plants or thermal coal mines. Natixis will completely withdraw from thermal coal in the EU and OECD countries in 2030 and in the rest of the world in 2040. This commitment, which was the subject of a sectoral policy covering financing, advisory and Capital Markets activities and other products and services, was strengthened in June 2019, with Natixis extending its exclusion criteria to all infrastructureprojects (ports, railways and any other infrastructure or facility) linked to thermal coal. The sector policy also applies to investmentsmade by Ostrum, for all its portfolios managed directly, and to Natixis Assurances, for all its general funds, Ostrumhaving supplementedits commitmentsin this sector with a dedicated policy published in early 2021. Mirova, for its part, excludes any investment in the fossil fuel sector. At the end of 2021, Natixis had no outstandingfinancing exposure to thermal coal mining activities and only residual exposure to coal power plant and coal infrastructure financing. Defense Since March 2009, Natixis has prohibited financing, investment and offers of services to companies involved in manufacturing,storing or trading anti-personnelmines and cluster bombs. The sectoral policy published in 2018 and amended in 2020, available on the Natixis website, broadens the scope of the weapons subject to exclusion and sets precise criteria in the conditions for carrying out operations, in particular those relating to importing and exporting countries. The policy also applies to investment operations undertaken by Natixis, Ostrum, and Natixis Assurances. For Corporate & Investment Banking, Natixis introduced a new tool for analyzing and evaluating transactions in the Defense sector.

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https://www.natixis.com/natixis/en/tobacco-policy-rep_95634.html. (1) This applies to all Natixis Assurances’ investments. (2)

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021