NATIXIS -2020 Universal Registration Document

6 2020 NON-FINANCIAL PERFORMANCE REPORT

Business line contributions to green and sustainable growth

Alignment with Paris Agreement targets 6.4.2.6

The GreenWeightingFactor (GWF) created in 2019 will allowNatixis to decarbonize its balance sheet and gradually align the impact of its financingactivitieswith the central aim of the Paris Agreement, i.e. to limit the global temperature rise to +2°C in relation to the pre-industrial era. Natixis intends to achieve this long-term objective while continuing to finance all economic sectors by increasing the presence of green solutions in its financing activities and helping its clients in the transition to lower carbon activities (1) . Further work is currently underway to translate the color ratings resulting from the GWF methodology into a temperature trajectory. Natixis undertakes to use the GWF initiative to set climate impact targets for each of its banking activities. Climate impact targets will be defined with different time horizons (short, medium and long term) at bank level, and for each business line in 2021. Natixis is contributing to the objectives of the Paris Agreement in all its financing and investment activities by applying its exclusion policies on the coal industry, tar sands, oil and shale gas exploration in the Arctic (see Chapter Chapter [6.4.3] Management of social and environmental risks) . As well as applying exclusion policies, several Natixis entities have also committed to aligning their investments with the goals of the Paris Agreement. NIM also helps its affiliates to better take into account climate issues in their strategies, in particular through a specific working group, co-led by Loomis Sayles, enabling affiliates to exchange best practices. The integrationof climate issues is key to OstrumAM , a reflectionon the carbon measurement of the portfolios was initiated in 2019, and a new methodology for alignment with the IPCC temperature scenarios was initiated in 2020, in order to be able to report to its clients on the impact of their portfolio. Dedicated training courses have been set up and the climate theme is systematically incorporated into direct discussions with company management. In addition, a TCFD report will be published in 2021. On open-ended funds concerned by the carbon intensity measurement (i.e. 13% of assets under management), the carbon intensity of Ostrum’s portfolios amounts to 185.8 t/eCO 2 per million euros of revenue at the end of 2020. In 2015, Mirova developed a method for measuring the carbon footprint of issuers in different business sectors. The methodology has been enhanced since 2018 to assess portfolio alignment with the climate scenarios set in the (2) Paris Agreement, using: carbon footprint data from an external provider (scope 1, 2 and 3 V emissions); climate scenarios from the Intergovernmental Panel on Climate V Change (IPCC); investment projections from the International Energy Agenc(yIEA). V

Combining data from these three sources produces results that are easy to interpret by providing an assessment in degrees Celsius corresponding to the climate scenario implied by a portfolio’s investments. Using this method, Mirova estimates that the climate scenario for all its equity, bond and infrastructure portfolios stands on average at 1.5°C, comparedwith 3.5°C for the MSCI Europe index and 3.5°C for the MSCI World index (3) . In 2020, climate change was identified as a key area by Loomis Sayles, and a priority for the Company. In collaborationwith the ESG sub-Committeeon climate change created in 2019, a set of guiding principles on climate change was created: material considerations on climate change are an integral part of V Loomis Sayles ‘investment decisions; direct engagement is inherent in Loomis Sayles ‘fundamental V analysis for all asset classes. Loomis Sayles has undertaken other substantive work on climate change, including the use of tools such as climate scenario analysis as recommendedby the TCFD. Loomis engaged the consulting firm MANTLE314 for a second round of climate change-relatedprojects, including an assessment of the next steps of its TCFD reports and a review of climate-related regulations. Aware of the importance and urgency of the climate challenge, DNCA has factored climate issues into its investment approachwith the convictionthat the ecological transition is both a risk factor and a source of investment opportunities. Its climate approach is based on the work and recommendationsof the Taskforce on Climate-related Financial Disclosure (TCFD). This analysis, based on a proprietarymodel, assesses the risks facing the Company, as well as any opportunities related to its positioning on the ecological transition: the issuer’s exposure to climate risk depending on its business V sector and geographical footprint; an assessment of the issuer’s climate strategy. V For the SRI fund range (Beyond range), specific indicators have been developed in addition to traditional carbon measures to assess each fund’s position regarding the financing of fossil fuels and green activities. The carbon intensity is calculated on 63% of the assets under management by MSCI and amounts to 108 t eCO 2 /million euros of revenues. Since the end of 2020, DNCA assesses, with a different methodology, the temperature of all of its investments in partnership with the CDP. The objective is to take stock of the on-Board climate risks and to steer a gradual alignment of all investments in accordance with the Paris Agreement.

See introduction on the Green Weighting Factor in Chapter [6.4.2.1]. (1) http://www.mirova.com/Content/Documents/Mirova/publications/VF/DocRecherche/ImpactClimatDesPortefeuilles2018.pdf (2) Data at 31/12/2020. (3)

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020