NATIXIS - Universal registration document and financial report 2019

6 NON-FINANCIAL PERFORMANCE REPORT

Business line contributions to green and sustainable growth

Naxicap Partners , a French Private Equity specialist, is involved in LBO and Private Equity financing in all sectors of activity. It applies ESG analysis to all companies in its portfolio in which the total amount invested exceeds €5 million, which account for 98% of assets under management. External auditors perform mandatory pre-investment ESG analysis which takes a detailed look at the main ESG issues in order to establish an action plan for the years to come. Each issue is analyzed in detail, including a review of its materiality for the Company, its strategic importance in the sector, a summary of the Company’s ESG performance and appropriate indicators. Naxicap Partners won Private Equity magazine’s ESG – sustainable development award in 2019.

Incorporation of ESG and exclusion criteria in investment decisions Societal exclusion policies: Natixis has adopted exclusion policies for sectors and issuers that do not respect certain human rights and fundamental principles of corporate responsibility. DNCA, Ostrum AM, Mirova, Seeyond, Thematics AM, Ossiam and Natixis Assurances apply these policies to their investments, in full compliance with their fiduciary duties towards their customers. The following sectors and issuers are excluded: controversial weapons; V tobacco (1) ; V companies deemed the worst offenders (which do not observe the V principles of the United Nations Global Compact or the OECD Guidelines for Multinational Enterprises) (2) ; blacklisted countries (those on the FATF list or under US or V European embargo). Natixis Assurances has gradually incorporated ESG criteria at the start of its investment process to exclude from its discretionary portfolio management mandates and dedicated funds all issuers deemed to be disregarding the Sustainable Development Goals. As well as excluding the sectors and companies listed above, it removes issuers assigned a negative rating by Mirova’s ESG research team from its investment universe. Natixis Assurances’ life insurance investments have had no exposure to these issuers since the end of 2017. Ostrum AM offers its customers socially responsible products on all its asset classes with a range of investment strategies, representing a total of €66.6 billion, or 24.3% of its total assets under management: Best in class & Positive screening : selection of the best rated V issuers from an investment universe that excludes issuers with a high ESG risk profile; Best in universe: selection of issuers from all sectors with the best V ESG performance in the investment universe; Bespoke strategies: strategies co-built with clients for their V dedicated funds or discretionary mandates to match their ESG philosophy as closely as possible. Mirova , the Group’s sustainable investment affiliate and a pioneer in impact investing, includes ESG criteria in all its investment filters applied to all asset classes, representing €12.5 billion in assets under management. In 2019, Mirova was awarded the 2019 gold prize for management companies (3) , which singles out companies whose funds obtain the best financial performance over time.

Naxicap Partners

Total € 3.6 bn

ESG analysis 98 %

Natixis Assurances extended its ESG analysis to its real estate portfolio in 2019: certified assets are given priority for new acquisitions. A V certification process is included in the business plan for non-certified assets. Acquisitions incorporate objectives set out in an energy convergence plan (to reduce energy use in line with regulations); for the existing portfolio, business plans must include an energy V convergence plan with short, medium and long-term goals (to reduce energy use in line with regulations). A certification plan is prepared in the same way as for new acquisitions. Natixis Assurances ultimately aims to fully incorporate ESG criteria, with certification for all its real estate assets (compared with 40% of its portfolio by market value as of the end of 2019).

MIROVA

Total € 12.5 bn ESG Integration 100 %

%GTVKƒGF 71 %

Except at Seeyond, and only for certified funds at DNCA. (1) Except at Seeyond, and only for index funds at Seeyond (2) Warded by the monthly business magazine Mieux Vivre Votre Argent. (3)

450

NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019