NATIXIS - 2018 Registration document and annual financial report

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

The following sectors and issuers are excluded: controversial weapons; a tobacco (1) ; a

ESG criteria by allocating investments based on issuers’ ESG risks and excluding the riskiest issuers. This fund totals €653 million, or 8% of Seeyond’s total assets under management.

Total : €9 bn SEEYOND

companies deemed the worst offenders (which do not observe a the principles of the United Nations Global Compact or the OECD Guidelines for Multinational Enterprises); blacklisted countries (those on the FATF list or under US or a European embargoes). In addition, 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 defying the Sustainable Development Goals. As well as excluding the sectors and companies listed above, it removes issuers with a negative rating in Mirova’s research 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 €54.1 billion, or 21% of its total assets under management: Best in class & Positive screening: choice of best rated a issuers from an investment universe in which issuers with a high ESG risk profile are excluded; Best in universe: choice of issuers from all sectors with the a best ESG performance in the investment universe; Enhanced exclusions: exclusion of issuers with the highest ESG a risk profiles; Smart carbon strategies: choice of issuers with a limited a carbon impact. In 2018, Ostrum AM converted a money market fund with €7.1 billion in assets under management into a socially responsible fund using a best in-class approach rounded out by active positive screening. This UCITS—Ostrum Sustainable Trésorerie—has begun the process of obtaining SRI certification. Mirova , the Group’s responsible investment affiliate, always includes ESG criteria in its investment filters on all asset classes, representing €10.1 billion in assets under management. Seeyond applies active quantitative management seeking optimal rewards for the risk incurred. In equities, the investment team is drawing on Mirova’s ESG research expertise to adjust its business model to take ESG criteria into account. One of its equity funds, which applies a minimum volatility (2) strategy, already incorporates

ESG integration 7.2%

DNCA , a leading European equity manager, developed in 2018 its own ESG rating model—Above & Beyond Analysis (ABA)—to analyze its portfolios by rating issuers according to extra-financial criteria. Meetings with company directors and on-site visits also help to enhance the clarity and relevance of the information collected.

Total : €23.1 bn DNCA

6

ESG Integration 2.2%

Certified 1.9%

DNCA manages six funds with €505 million in assets under management incorporating ESG criteria (or 2.2% of total assets under management). They are part of the Beyond range and follow a two-step investment process: exclusion of issuers with ESR risks from the portfolio. This filter a meets the requirements set out in the government-recognized SRI certification; selection of issuers having a positive impact on the sustainable a economic transition.

Except at Seeyond. (1) Pure equity management strategy that selects stocks based on their volatility and correlation profiles so as to reduce the overall volatility of the (2) equity portfolio.

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Natixis Registration Document 2018