NATIXIS_REGISTRATION_DOCUMENT_2017

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

Anotherexampleof financialengineeringexpertiseemployedto issue green bonds was the securitization of PACE (Property Assessed Clean Energy) bonds in the United States by the Natixis New York branch for its client, Renew Financial. The

efficiencyimprovementsin individualhomes,with loans that are repaid through the property tax bill. The bank securitizedPACE bonds in California and Florida to issue, as the Sole Structuring Agent, $206 million in green bonds rated GB1 (Green Bond 1:

PACE program is a tax incentive mechanismoffered in certain Excellent)by Moody’s. states to fund the installation of solar panels and energy

CONTRIBUTION TO ECONOMIC AND SOCIAL DEVELOPMENT 6.2.4

Natixis is the corporate, investment, insurance and financial servicesarm of GroupeBPCE. Its activitiesare entirelydedicated to providing financial advice and support to its business customers and contributing to the social and economic advancementof the countrieswhere it operates. It helps develop local employment through its international operations: nearly 5,000 Natixis employees work in its offices, branches and subsidiariesabroad ( see section 6.4.3) . Virtually all of these employeesare recruitedlocally.

Furthermore,through its subsidiaryMirova, Natixis is the French market leader in solidarity-based investment, allowing it to support numerous companies that provide social or environmentalvalue, includingthe creationof jobs or low-income housing for disadvantagedpeople, organic farming projects and developmentprojectsin the southernhemisphere. In 2017, Mirova boasted 31.2% market share (based on total AUM in solidarity-based funds). It is also the No. 1 asset management company in solidarity-based investment solutions in France,with 23.1%marketshare (source:Finansolsurvey).

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Natixis Registration Document 2017