NATIXIS - 2018 Registration document and annual financial report

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

Thematic investment in natural 6.3.3.3 capital Mirova has used a platform specialized in preserving biodiversity and natural capital since 2017 and it produces innovative investment solutions to mitigate and adapt to climate change and to protect local regions, biodiversity, soil and marine resources.

The LDN Fund aims to generate positive environmental and socio-economic impacts alongside financial returns. By addressing land degradation, the LDN Fund project aims to

deliver the following benefits: land degradation neutrality; a climate change mitigation; a climate change adaptation; a

ODD 1: No poverty ODD 2: Zero hunger ODD 15: Life on land

improved livelihoods; a improved biodiversity. a

The LDN Fund’s first round of fundraising at the end of 2018 raised $60 million. Its investors include public sector entities such as the European Investment Bank, Agence Française de Développement and the Luxembourg government, as well as private investors including Fondaction, Fondation de France, BNP Paribas Cardif, Garance and Natixis Investment Managers. The team is continuing to raise funds with a target of $300 million. The LDN Fund will use its investments to apply sustainable land management practices on 500,000 hectares of land around the world, to reduce CO 2 by 35 Mt, and to create or improve jobs for over 100,000 people.

In response to the depletion of natural capital and land degradation as global issues (relating to food security, human life and ecosystems), the Land Degradation Neutrality (LDN) Fund is an example of the type of innovative public-private partnerships needed to finance the SDGs. The Fund was created by the United Nations (1) and Mirova as a source of transformative capital bringing together public and private investors to fund triple bottom line (economic, social and financial) projects that contribute to Land Degradation Neutrality. The LDN Fund will invest in three crucial sectors: sustainable agriculture, sustainable forestry, and other projects such as green infrastructure or ecotourism as opportunities arise.

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2018 Key Event The Land Degradation Neutrality Fund’s first investment

Mirova’s Land Degradation Neutrality (LDN) Fund has been operational since its first closing in late 2018 and it has finalized its first transaction with an investment in the Urapi Sustainable Land Use program. The first project developed, financed and launched by Urapi covers four coffees cooperatives in Peru and will rehabilitate nearly 9,000 hectares of degraded land as productive agroforestry systems, capture and reduce 1.3 Mt in CO 2 emissions and improve living conditions for 2,400 producers.

It was launched in 2018 and has raised half of its target of $100 million. It will invest in around twenty sustainable projects, five of which have already started. SOF’s investments will have substantial positive impacts in terms of socio-economic development and the preservation of natural resources. The fund has set the following goals for its ESG impact: climate: protection of over 17,500 hectares of mangrove forest a from deforestation and degradation (over 9 million tons of CO 2 e captured), production of 177,000 tons of fish protein (which has a smaller carbon footprint than beef); livelihoods: creation or continuation of over 5,500 jobs in a vulnerable coastal communities and indirect support for over 14,000 additional jobs in related value chains and businesses; ecosystems: direct protection and sustainable management of a over 175,000 ha of marine protected areas in ecosystems with high environmental value.

ODD 1: No poverty ODD 14: Life below water ODD 13: Climate action

Unhealthy oceans threaten all life on earth and have a particularly strong impact on small island nations and vulnerable coastal communities. Decades of poor management have led to the over-exploitation and degradation of ocean resources, in particular fish stocks and coral reef ecosystems. Improving the management of these natural resources can enhance productivity and operational efficiency and generate attractive returns for all stakeholders. The Sustainable Ocean Fund (SOF), the second fund in Mirova’s Althelia Funds range, invests in companies that harness the ocean’s natural capital sustainably, build resilience in coastal ecosystems and create sustainable economic growth. SOF holds a mixed portfolio of assets in the sustainable marine products sector, the circular economy and conservation. The fund focuses on emerging markets and small island nations.

United Nations Convention to Combat Desertification (UNCCD). (1)

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Natixis Registration Document 2018