NATIXIS -2020 Universal Registration Document

2020 NON-FINANCIAL PERFORMANCE REPORT Business line contributions to green and sustainable growth

2020 KEY EVENT DNCA launches the DNCA Invest Beyond Climate fund DNCA places the climate issue at the heart of the management strategy of this SRI fund launched in April 2020, by applying a management methodology based on a two-level analysis: an analysis of Transition conducted on the way in which the Company decarbonises its own activities to achieve V a minimum trajectory of 2°C (carbon footprint on scopes 1, 2 and 3, brown share of revenue, alignment of 2°C according to SBT); an analysis of Contribution to measure the positive contribution made by the Company’s products and services V (green share of revenue, R&D spending or green capex, CO2emissions avoided). DNCA Invest BeyondClimatemeets the requirementsof the Paris Agreementby excludingcompanieswith a negative green contributionand limiting the share of companies without contribution t3o0%.

DNCA is committed to publishing each year, from June 2021, the climate trajectory of all its investments managed under the Paris Agreement and the objective of carbon neutrality in Europe by 2050. To steer the climate trajectory of its investments, DNCA will use the CDP temperature assessments available for nearly 2,850 international companies. The temperatureassessmentmethodology converts companies’ emission reduction targets into temperature trajectories. 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 V or impact investments). 12 funds benefit from this measurement framework (which represent €2.9 billion, or 74% of assets under management) have a goal of achieving a 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. The 12 funds have a footprint of 528 t of CO 2 per million euros of revenue versus 532 t of CO 2 for the benchmark. In 2020 Ossiam continued to work towards alignment with the Paris Agreement, with several notable advances: the first low-carbon sovereign bond fund was launched in 2020: V while sovereign bonds generally constitute an essential part of asset allocation in European institutional portfolios, the principles of reducing carbon emissions are expected to be the case are more difficult to implement on this type of asset. By building a portfolio that favors countries that emit less carbon per capita, Ossiam supports its contribution to the energy transition inEurope; Ossiam has rolled out a new ESG voting policy that applies to all V assets under management and systematically includes a climate component: it makes it possible to vote against the members of the Board of Directorsor the approval of the financial statements if the disclosure of the financial statements. information or measures taken seem insufficient with regard to climate risk; work on the temperaturetrajectoryof the portfolioswas initiated in V 2020 and will be completed in 2021. This work is part of the reinforcementof Ossiam’s commitment to play its role in terms of the climate, as many ESG funds are also low-carbon funds.

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: recognize that climate change has an impact on the economy, V presenting risks and opportunities for business; take climate issuesinto account throughout the investment period; V perform a progressivemeasurement 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. In 2020, Naxicap published for the first time, for the fiscal year 2019, all the GHG emissions of its portfolio companies, including scope 3 which represents the majority of the impact of companies on the market climate. Emissions were estimated using an economic modeling tool developed by PwC, combining financial data and economic models and covering the entire value chain. Scopes 1, 2 and 3 were estimated for 88% of Naxicap Partners assets under management in 2019 for an average carbon intensity of 250 t of CO 2 /million euros invested. In order to be able to monitor and manage the trajectory for all the GHG emissions of the portfolio companies year after year, Naxicap has mandated Sirsa in the course of 2020 to identify the indicators needed to calculate the significant items in scope 3 and the relevant factors associated issues of portfolio companies. As a result, from 2021 Naxicap will be able to estimate the entire carbon footprint by emission category of the portfolio companies subject to its ESG policy, enabling it to build an action plan and a climate trajectory. AEW CILOGER in 2017 calculated the carbon footprint of its portfolio of institutional assets in France, which represents824 buildings. The GHG Protocol international methodwas used, the results obtained in terms of carbon intensity were 10.4 t of CO 2 /million euros and 28.3 kg eCO 2 /m 2 . Since 2018 this calculationhas been carried out for two investors. The average carbon emissions for the managed portfolio of buildings equippedwith remote readingmeters for 2019 are, by type, as follows: logistics 5 kg eCO 2 /m 2 , offices 12 kg eCO 2 /m 2 , shops 15 kg eCO 2 /m 2 . Since 2018, reporting on climate risk and alignment with the 2°C objective has been carried out for several investors, using the Science Based Target (SBT) method. These portfolios are aligned with the objectives of the Paris Agreement.

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020