NATIXIS - Universal registration document and financial report 2019

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

companies that contribute to the energy and ecological transition. Its commitment covers all its investment portfolios (excluding unit-linked policies). Naxicap Partners has supported the International Climate Initiative to help achieve the objectives of the Paris Agreement since 2016. As a signatory, Naxicap has undertaken to: acknowledge that climate change will have an impact on the V economy that represents both a risk and an opportunity for companies; take climate issues into account throughout the investment period; V perform a progressive measurement of the carbon footprint of its V investment portfolio covering companies for which this indicator is material; work with the management of these companies to draft a plan to V reduce emissions and adapt to climate change. An initial estimate of the carbon intensity (scope 1 and 2 emissions) (1) of the companies in its portfolio was performed in 2019. This estimation has been realizer over 54% of its asset under management for a carbon footprint of 62 t eCO 2 per million euros invested (on 2018's data). The portfolio’s scope 3 emissions will be estimated in 2020, followed by an emission reduction plan for the biggest contributors. Natixis is involved in several initiatives with other financial institutions seeking to establish industry-wide methodological principles for calculating the carbon footprint of the portfolios managed by banks, insurers and asset managers (including Science Based Targets for Finance, a working group under the UNEP FI). Given the wide variety of its business lines, Natixis is particularly keen to find common principles that will ensure consistency in how it quantifies the carbon footprint of its different activities. These principles will provide a framework in which to establish detailed targets for reducing this carbon footprint. Measure the direct and indirect impact of its activities on 3. biodiversity; Gradually integrate biodiversity in its decisions; 4. First avoid, then reduce, and finally offset its impacts; 5. Give priority to solutions based on nature; 6. Integrate biodiversity in its dialog with the public authorities in 7. all countries in which it operates; Raise awareness and train employees in biodiversity; promote 8. and encourage their initiatives to protect nature; Assign resources and establish appropriate partnerships to 9. support concrete actions and monitor their progress; Publicly report on the implementation of its commitments. 10. Natixis will decide and announce individual commitments for its financing and investment activities by April 2020, using SMART goals (Specific, Measurable, Agreed upon, Realistic, Time-based).

In 2019, DNCA calculated its carbon footprint on 69% of its portfolio. It was then 195 t eCO 2 per million of revenue. DNCA aims to extend its climate impact analysis to all its equity and corporate bond investments by the end of 2020. Ossiam has established a framework for measuring its portfolios’ transition risk and comparing it with their benchmark. The framework can be applied to several indicators such as: greenhouse gas emissions; V risks associated with the energy transition (measurement of coal, V oil or gas reserves); impact measurement (measurement of green energy production or V impact investments). 3 funds and 1 mandate benefit from this measurement framework (which represent €518 million, or 12.3% of assets under management) have a goal of achieving a 40% reduction (in relation to their benchmark) in their greenhouse gas emissions (scopes 1, 2, 3 upstream emissions), carbon intensity and potential emissions arising from fossil fuel reserves. In 2019, Ossiam calculated its carbon footprint for 12.3% of its funds and mandate. The 3 funds has a carbon footprint of 241 t eCO 2 per million euros revenue compare to 355 t eCO 2 for the benchmark, and the mandate has a carbon footprint of 209 t eCO 2 per million euros revenue. In 2018, Natixis Assurances made a proactive tangible commitment to combat climate change by aligning its investment policy with the 2°C climate scenario set in the Paris Agreement. Each year, Natixis Assurances will devote nearly 10% of its new investments to green assets, with a target of 10% of its total investments being in green assets by 2030. At the end of 2019 it was on track to achieve its target, with over €980 million invested in green assets over the year. With this policy, Natixis Assurances intends to encourage and give priority to

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Green growth: protecting and developing natural capital 6.3.3 The act4nature commitment 6.3.3.1

Natixis is already highly involved in protecting the climate and in 2018 it decided to commit all its business lines to preserving biodiversity by joining the act4nature (2) initiative sponsored by the non-profit Entreprises pour l’Environnement (EpE). Under this initiative, which initially included French firms from all business sectors, Natixis has formally undertaken to take real action to provide solutions to preserve and restore biodiversity, ensure that natural resources are used sustainably and that the benefits derived from nature are distributed fairly. The French initiative expanded in 2019 to become act4nature International. Natixis has signed up to the ten common principles of the act4nature International initiative, which are to: Incorporate biodiversity in its corporate strategy; 1. Maintain dialog with all stakeholders; 2.

https://www.naxicap.fr/catalogue-2019/#page/I (1) http://www.act4nature.com/ (2)

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019