NATIXIS_REGISTRATION_DOCUMENT_2017

6 ENVIRONMENTAL AND SOCIAL RESPONSIBILITY Internal mobilization and management of our direct impacts

At Natixis S.A., the collective work week is 38 hours and employeesalso enjoy compensatorytime off in lieu of overtime. The current set of agreements on the managementof working hours includes several types of contracts (part-time, short-time, special working conditions for employees with disabilities, etc.) and provides for the associated terms and conditions of compensationand social securitycontributions.

Work management 84.6% of employees in the Natixis France (managed scope), working at 29 different companies,are covered by the collective bargaining agreements of the banking and insurance industries. There are, however, seven separate agreements across the wholescope,containingspecificdetailsdependingon the sector.

Scope:NatixisFranceand International(managedscope)

France

EMEA

North & South America

Asia-Pacific

Total International

2017

2016

2015

2017

2016

2015

2017

2016

2015

2017

2016

2015

2017

2016

2015

Part-time staff (as a %) (a)

11.1

11.2

11.4

5.7

6.1

6.3

0.6

0.6

0.6

0.2

0.0

0.2

2.7

2.8

3.0

Excl. early retirees. (a)

Scope:NatixisFrance(managedscope)

France

2017

2016

2015

Absenteeism as a % of total headcount

5.4

5.6

5.3

Overtime (in number of hours) Overtime (in annual FTE)

19,532

20,924

21,433

10.2

10.9

11.8

Within the Natixis scope, strategic communications with representativeunions were increased,with the creation in 2017 of the Strategy and TransformationDialog Committee aimed at establishinga better understandingof strategic choices and the transformationof the businesslines. Nine agreements applicable to the Natixis France scope were signed in 2017:

Quality employer-employee communications A groupwide employment framework, quality employer-employee communications, and the ability to reach agreementsforma solid frameworkfor changemanagementand transformation. Groupwide employment framework Collective negotiations conducted in recent years in the Natixis France scope reflect a determination to gradually establish a compensation measures, through a single Natixis employee a savings plan, a supplementary collective pension plan, a profit-sharingmechanism,and consistentsalarymeasures; internaltransferand careermanagementopportunities; a actions to promote hiring young people while retaining older a employees; a single mutual healthcare plan for all Natixis France a employees, established under an agreement signed in October 2017with all unions. As of January 1,2018, all Natixis employees in France will be covered by the same plan (guarantees, premium structure, manager, and conditions for coverageof the premiumby the employer); measures to address employees with disabilities, including a a groupwide policy covering the professional integration and retention of employees with disabilities, and an allocation for childrenwith disabilities. Employer-employee communications A BPCE Agreement, applicable to Natixis, was signed in January 2016, covering the professional path of employee representatives.This agreement reflects the importance placed on employer-employeecommunicationsand the career path of employeerepresentatives. It was expanded by a new BPCE Agreement signed in December 2017, including the return to work of employees holdingcorporateoffice. Groupwideemploymentframework. This frameworkcurrentlyconsistsof:

% of employees

2017 Natixis agreement

covered Signing date

2017-2019 Agreement on the professional integration and retention of employees with disabilities Amendment No. 2 to extend the Agreement on employment Amendment to the Agreement on the Natixis Consolidated Committee Agreement on the Strategy and Transformation Dialog Committee Collective bargaining agreement on employment and SWP (strategic workforce planning) Collective bargaining agreement on cross-functional mobility, with the aim of streamlining the bank's structure Agreement on the allocation of additional profit-sharing in respect of fiscal year 2016 Agreement on additional healthcare guarantees and reimbursement of healthcare costs Amendment No. 3 to the Natixis supplementary collective pension plan

100 01.30.2017

100 03.13.2017

100 03.17.2017

100 03.17.2017

100 06.30.2017

100 06.30.2017

100 09.18.2017

100 10.19.2017

100 10.19.2017

In addition to these overall agreements, 68 agreements were signedby Natixis’Frenchentitiesin 2017.

422

Natixis Registration Document 2017