NATIXIS - Universal registration document and financial report 2019

NON-FINANCIAL PERFORMANCE REPORT Business line contributions to green and sustainable growth

Green bonds and green loans 6.3.2.4 Green bond issuers undertake to use the funds raised to finance energy, sustainable transport or water management. As of the end of projects with a positive impact on the environment. Unlike traditional 2019, the green bonds market totaled $225 billion (1) .

bonds which can finance all the issuer’s activities, a green bond finances traceable investments in measures to improve environmental performance such as energy efficiency, renewable

Natixis arranged 28 green bond issues in 2019, for a total arranged amount of €15.1 billion, confirming its solid positioning on this market, especially in Europe.

2019 KEY EVENT Société du Grand Paris: the first entirely green Euro Medium Term Note (EMTN) program

In September 2018, Société du Grand Paris launched Europe’s biggest sustainable infrastructure project totaling €35 billion. Natixis was joint bookrunner for two green bond issuances, in October 2018 (€1.7 billion over 10 years) and March 2019 (€2 billion over 15 years). This vast project is the biggest transportation project in Europe and it brings many benefits, for example reducing greenhouse gas emissions, improving air quality and reducing travel times. Natixis received a green bond award for this green bond issue at the IFR awards 2019 (2) .

Natixis is also active in green bond investments through its Asset Management affiliates. At year-end 2019, Ostrum AM managed green bond investments totaling €4.362 billion in 131 funds and investment mandates. Of the €2.4 billion in fixed income assets under management by Mirova, €1.6 billion is invested in green bonds. One of its flagship strategies, applied by the Mirova Global Green Bond Fund, invests solely in green bonds (€228 million in the Luxembourg registered fund and €33 million in the US fund).

As well as green bond issuance, since 2018, Natixis has also offered two types of green or sustainable loans: loans earmarked to finance environment-related projects (term loans called “green loans”) and syndicated loans meeting ESG criteria (green revolving credit facilities or green RCF called “sustainability-linked loans" or "ESG-linked loans"). This activity expanded sharply in 2019, with 40 deals finalized, compared with 12 in 2018.

2019 KEY EVENT Agrial: the first CSR credit facility for an agricultural cooperative in France

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Natixis was CSR agent for a €900 million syndicated loan facility for Agrial, an agricultural cooperative based in Normandy. The credit agreement indexes the loan interest rate to CSR indicators aligned with Agrial’s own targets for 2025. These indicators include reducing energy consumption, increasing the sale of pesticides not made using chemical synthesis, and developing organic production.

Climate Bonds Initiative, https://www.climatebonds.net/. (1) https://www.ifre.com/featured/ifr-awards (2)

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019