NATIXIS // 2021 Universal Registration Document

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

Since October 2020,Natixis has applied the fourth version of the V Equator Principles (EP IV Amendment), which reinforces the integration of climate change in the environmental impact analysis of major projects (see section 6.5.1) . The borrower is therefore required to: 1) assess the physical risks associated with climate change for most projects, 2) carry out an assessment of the risks of climate transition and an analysis of less gas-intensive greenhouse effect alternatives for projects with CO 2 equivalent emissions of at least 100,000 tons per year in total. Depending on the risks identified and the nature of the associated impacts, mitigation measures are requested from the client. They are covered by specific clauses in the financial documentation (“covenants”). In 2020/2021, Natixis deployed ESR Screening, a complementary V tool to identify, assess and monitor the environmental,social and governance(ESG) risks of its corporateclients. This tool makes it possible to identify the customersmost at risk and analyze them in depth. Climate transition and physical risks are fully integrated into the system. All of these tools are integrated into the processes and systems of Corporate & Investment Banking. In particular, they are used to provide qualitativeanalysis to the Credit Committeeand to formulate an opinion on how climate risks affect the borrower’s risk profile. They may result in a positive, conditional (contractual conditions, action plans, restrictions) or negative opinion. The primary objective is to engage in constructive dialogue with the highest-risk counterparties. In Asset & Wealth Management activities: Natixis Investment Managers has identified climate-related risks as a major issue and seeks to strengthen its understanding in order to support sectors and companies working to promote the transition and invest in impactful projects. A working group bringing together representatives of the federation and affiliates has been set up. It meets on a monthly basis and aims to promote the sharing of best practices. ESG criteria are integrated by the majority of affiliates in the investment and commitment processes (see section 7.3.1) . This practice is accompanied by numerous actions: deployment of training, development of methodologies, work on climate data and measurement of the carbon footprint of portfolios. In insurance activities: Natixis Assurances’ sustainable investment strategy takes into account the influence of climate change risks on its investments in order to manage them appropriately. The management of sustainability risks and the negative impacts of the Natixis Assurances portfolio is based on a sector-based, normative

and best-in-class approach, representing the basis of its ESG commitment (tobacco, coal, controversial weapons, oil sands) and companies rated negative on sustainable development). In addition, through a selective ESG integration policy, Natixis Assurances aims to improve the ESG profile of its investments under management mandates and in dedicated funds. The property & casualty insurance portfolio for individuals and professionals through its guarantees for home, car and professional multi-risk carries the risk of claims related to weather events. Analysis of the contract portfolio is carried out regularly to identify and measure risks, in particular those related to weather events (floods, drought, storms, etc.), to qualify their geographical distribution and to adapt the underwriting policy. Performance of climate stress tests Groupe BPCE and Natixis took part in: the ACPR 2020 climate pilot exercise based on a dynamic V projection of the balance sheet by sector (20 sectors with a high climate issue) up to the year 2030, 2035, 2040 and 2050 in four geographical areas; an analysis of sensitivity to climate risks, led by the European V Banking Authority in 2020, as part of the regular risk assessment of European Union banks. The purpose of these voluntary exercises was to feed into discussions on the impacts of climate change in order to better integrate risk measures. Groupe BPCE and Natixis are working on the first banking stress test of the European Central Bank (ECB) to assess the exposure of the financial sector to climate and environmental risks. The exercise will be carried out by the ECB between March and July 2022. Participation in industry working groups Given the evolving framework of knowledge related to climate risks and the availability of internal and external data, Natixis actively participates in numerous industry working groups and engages in discussions with regulators. Natixis was particularly 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.

Publication under the requirements of Article 8 7.3.4 of the Regulation establishing taxonomy 2020/852

The European taxonomy is a methodology for assessing a company’s activities in relation to environmental objectives, and more specifically in its current version, climate change mitigation and adaptation. For this first publication exercise, the objective is to identify the so-called “eligible” activities, i.e. products or services that can

potentially (but not necessarily) contribute to mitigating or adapting to climate change. For financial institutions, a ratio measuring the balance sheet portion of assets eligible for taxonomy is to be published. The Natixis publication is consolidated in Groupe BPCE’s non-financial statement.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021