NATIXIS_REGISTRATION_DOCUMENT_2017

6 ENVIRONMENTAL AND SOCIAL RESPONSIBILITY Business line contributions to green and sustainable growth

Other offers and commitments targeting the energy transition and the prevention of climate change Mirova, Natixis’ subsidiary specializing in responsible investment , offers various investment strategies aimed at combatingclimatechangeand protectingthe environment: developmentof environmentalequity strategies (Europe and a Global); introduction of environmental themes in multi-thematic a strategies(Euro, Europeand Global); supportfor the developmentof GreenBonds; a measurementand monitoringof the carbon impact of equity a and fixed incomestrategies.

Green real estate assets financed by Corporate & Investment Banking

In 2017, the New York branch arranged its first Green Bond CMBS using an environmental certification, and launched a PACE bond securitizationprogram to finance the installationof solar PV panels and energy-improvementworks (see details in Chapter6.2.3) .

2017 Key Event Launch of the “Land Degradation Neutrality Fund”

This investment vehicle, designed to support the Sustainable Development Goals and sustainable land management in particular (goal 15) was officially launched at the 13th Conference of the Parties (COP 13) to the United Nations Convention to Combat Desertification (UNCCD) in Ordos, China. The fund has a target size of $300 million and its purpose is to raise public and private-sector capital to finance projects making a significant contribution to land degradation neutrality by promoting sustainable land management practices, aimed at preventing the degradation of fertile land and restoring already damaged land. The fund is supported by a large network of partners, including the European Investment Bank (EIB), which actively contributed to the design and structuring of the vehicle, and the French Development Agency (AFD).

In 2017, Mirova also finalized the purchase of a 51% stake in Althelia Ecosphere,an asset managementcompany specializing in impact investing. The new entity, renamed Mirova-Althelia,has set its sights on becoming the European leader in natural capital investment,i.e. protection of the Earth's ecosystem, biodiversity, soil and maritime resources.At end-2017,Mirova-AltheliamanagedAuM of €100 millionin the AltheliaClimateFund. Natixis Assurances is fulfilling its role in the transition to a lower-carbon economy by working to establish best practices. Climate change is an issue that concerns society and the economy as a whole, but also generates particularly high insurancerisks that need to be addressednow. In 2017, Natixis Assurances joined the anti-global warming initiatives announced on December 7 by the French Insurance Federation. For two years now, Natixis Assurances has no longer directly invested its general-purpose funds in the coal industry, in accordancewith Natixis’exclusionpolicy. By the end of 2018, Natixis will include an ESG- and/or Climate-certifiedunit-linked vehicle in its offer, for any new life insurancepolicy taken out. Also in 2017, Natixis Assurances also signed onto the joint issuers/investors initiative launched by the French Insurance Federation, in partnershipwith MEDEF, on the transparencyof climatedata.

In home insurance, Natixis Assurances has developed a variety of offers, such as multi-risk home guarantees for sustainable developmentinstallations(solar panels, energy storagebatteries, rainwatercollectiontanks, etc.). In auto assurance,NatixisAssurancesgrants discountsto drivers who drive less than 8,000 kmper year and to owners of electric cars. The goal for 2018 is to target excellence in personal and property safety, while developingproducts and applying virtuous processes. In addition to renewable energy financing via Natixis Energeco, Natixis Lease has already establishedan electric car offer with Natixis Car Lease. The goal is to roll out ESR offers in the other business lines as well: equipment leases, real estate leases, operatingleases,etc.). Natixis made new pro-climate commitments at the One Planet Summit: Two years after discontinuingloans to the coal industry worldwide, Natixis announced that it would be implementingan internal Green Incentivemechanismin 2018 to strengthenthe alignmentof its financingactivitieswith the goals of the Paris Agreement along with its contribution to the transition to a low-carbon economy. (see Chapter 6.3.5 for details). Natixis is also committed to ceasing its financing of oil extraction from oil sands or companies whose activities are mainly based on the production of oil derived from oil sands. Lastly, Natixis will no longer finance the exploration and productionof oil in the Arctic. (see Chapter 6.3.3for details).

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Natixis Registration Document 2017