NATIXIS // 2021 Universal Registration Document

2 CORPORATE GOVERNANCE

Management and oversight of corporate governance

The Senior Management Committee continued the work to prepare the plan, which began in 2020, with several days of strategic meetings to define the strategic objectives for the business lines and the priority cross-cutting issues. The “BPCE 2024” plan is based on three major areas for Natixis’ business lines: diversifying for the benefit of customers and development, committing to the energy transition and SRI finance, and transforming and investing to create sustainable value. The 2018-2020 “New Dimension” plan enabled Natixis to be recognizedby its clients as a house of expertise, driven by an entrepreneurial spirit. The new strategic plan reflects the ambition to continue to develop the business franchises in all regions. The year 2021 was also marked by the implementation of Groupe BPCE’s project to develop the business lines and simplify the Group with, on the one hand, the delisting of Natixis on July 21 and, on the other hand, the clarificationof the target organizationswith a view to transferring the Insurance and Payments businesses in the first quarter of 2022 (subject to agreements). The Group’s new organizationwas presented during the communicationof the “BPCE 2024” strategic plan, built around two business lines: on the one hand, Retail Banking and Insurance (regional banks and businesses serving retail), and, on the other hand, Global Financial Services (Asset & Wealth Management, Corporate & Investment Banking). In this context, in 2021, the Senior Management Committee studied and approved all the strategic orientations, but also all the strategic transactions carried out by Natixis during the year, before presentation to the Company’s Board of Directors. In particular, it examined external growth opportunities and supervised various projects and initiatives. In terms of strategic transactions, in the Asset & Wealth Management business, Natixis IM announced in December 2021 a project to extend and renew the industrial partnership with La Banque Postale, in Ostrum Asset Management, until the end of 2030. In this context, Natixis Investment Managers announced the acquisition of the minority stakes held by La Banque Postale in Ostrum Asset Management (45%) and AEW Europe (40%). In addition, after the announcement of the evolution of the relationship between Natixis Investment Managers and H2O AM, the Senior Management Committee continued its discussions to define the scenario for the withdrawal of the partnership, while ensuring an orderly transition in the interest of the customers of H2O AM. In the Corporate Center segment, we noted the announcement in February 2021 of the sale by Natixis of a 29.5% stake in Coface to Arch Financial Holdings Europe IVLimited, an affiliate of Arch Capital Group Ltd. The Senior Management Committee also oversaw the implementation of Natixis’ ESR strategy. Within Corporate & Investment Banking, Natixis CIB, work continued to stabilize the balance sheet temperature trajectory by 2050, in line with the Paris Agreement, based on the proprietary Green Weighting Factor method. We noted the first publication of the Natixis climate report in October 2021 following the recommendations of the TCFD (Task Force on Climate-Related Financial Disclosures) and detailing the actions implemented to support the transition to a low-carbon economy and adaptation to climate change in the various Natixis businesses. The Senior Management Committee reviewed and approved all the commitments made.

Beyond the environmental transition, the Senior Management Committee supported the discussions on the challenges of technological transition for clients and in particular the creation of the Tech Hub by Natixis CIB. The Senior Management Committee also encouraged initiatives in favor of employee engagement and diversity with identified objectives concerning Diversity and Inclusion for 2024 and the signing of the LGBT+ Engagement Charter of L’Autre Cercle. By adopting this charter, Natixis reaffirmed its desire to guarantee its employees an inclusive working environment. The Senior Management Committee oversaw the management and monitoring of the impacts of the COVID-19 health crisis for employees, customers and all stakeholders. The Senior Management Committee regularly examined the Company’s business development and results during its meetings throughout the year. It reviewed the annual, half-yearly and quarterly financial statements before their presentation to the Board of Directors and was involved in defining the Company’s financial communication (until July 21, 2021). Furthermore, the Senior Management Committee oversaw Natixis’ adaptation to changes in the economic and regulatory environment in the banking and insurance sectors. Specifically, it regularly monitored any regulatory changes and initiatives. After in-depth discussions with the businesses and support functions involved, the Senior ManagementCommitteeapproved the main managementdecisions, and reviewedand approved the budget and capital trajectory, the enhanced and validated Risk Appetite Framework, internal stress tests and ICAAP report. In addition, it approved the terms and conditions governing mandatory annual negotiations and the compensationreviewpolicy, the appointmentof executive officers and managers, and all significant projects or investments/divestments. Furthermore, the Senior Management Committee monitored the management, risk management and compliance measures within Natixis, and regularly reviewed changes in the Company’s risks, as well as the consequences of audits. It also focused on conduct-related issues. Activities of the Executive 2.2.3.5 Committee Natixis has an Executive Committee (Comex) comprising the members of the Senior Management Committee and the heads of certain business lines and support functions essential to the Company’s success. The Executive Committee, which has over 40 members, met several times in 2021 at seminars during which its members were invited to provide insight and analysis on the strategiesproposedby the Senior Management Committee and to incorporatemanagerial information for the purposes of distributing it to the teams. The members of the Executive Committee also took part in the preparation of the strategic plan for 2021-2024, communicated in July.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2021