NATIXIS - Universal registration document and financial report 2019

3 RISK FACTORS, RISK MANAGEMENT AND PILLAR III Risk management

Strategic risk 3.2.10.2 Strategy risks is defined as: the risk inherent to the strategy chosen; or V resulting from Natixis’ inability to implement its strategy. V Strategy risks are monitored by the Board of Directors, supported by its Strategic Committee, which examines the strategies guiding Natixis’ activities at least once a year. The Board of Directors also approves strategic investment projects and any transactions, particularly acquisitions and disposals, that are likely to significantly affect Natixis’ results, the structure of its balance sheet or its risk profile. Senior Management is in charge of defining and steering Natixis’ strategy, with assistance from the Senior Management Committee. The membership of these various bodies is presented in Chapter 2 of this universal registration document. The Internal Rules of the Board of Directors, including the procedure for calling meetings, can be found in Chapter 2 paragraph 2.3.1.

Climate risk 3.2.10.3 Pursuant to Article 173 of the energy transition act, as of the 2016 fiscal year Natixis is required to report on the risks linked to climate change and on its low-carbon strategy. The identification and management of risks linked to social and climate change are presented in Chapter 6 of this universal registration document. Environmental and social risks 3.2.10.4 The identification and management of these risks are presented in Chapter 6 of this universal registration document.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019