NATIXIS -2020 Universal Registration Document

6 2020 NON-FINANCIAL PERFORMANCE REPORT Managing environmental, social and governance risks

Physical risks Climate change increases the frequency and/or intensity of extreme weather events such as hurricanes, storms, droughts, andflooding. The economy stands to suffer from these physical risks, and some sectors and geographic regions are already proving vulnerable to such events, which can result in major financial losses (interruptions in the supply chain, loss of operations), alter the value of assets and affect borrower solvency. This could have a knock-oneffect on credit and investment portfolios. Despite this, financial institutions lack the tools needed to analyze portfolio exposure to physical risks. Natixis has therefore committed to the ClimINVEST initiative launched by a consortium of European climate change experts, notably I4CE and Météo France, to produce ideas for such solutions. This project seeks to co-design and co-produce tools, in conjunction with financial institutions, to facilitate the inclusion of physical climate change risks in decision-making processes. An initial simulation on a portfolio of real estate loans was performed at the end of 2019 and the final report will be made public in 2021 in order to enable as many people as possible to adopt them. Specific work was carried out in the area of real estate Asset Management: AEW Ciloger conducted a vulnerability assessment audit on nine V pilot buildings. Recommendations to improve the resilience of buildings were presented to investors as well as the impacts on the values of the buildings. The use of these audits will be proposed to investors and in particular their integration into the acquisition process. At the end of 2019, the Darwin project on physical and transition risks was launched, aiming to define a governance, a strategy and objectives related to all these risks, based on the TCFD framework. This project should be completed in early 2021; AEW Capital Management hired Four Twenty Seven, a company V that assesses the physical impacts of climate change, to conduct a climate risk assessment (e.g. hurricane, typhoon, flooding, sea level rise, heat stress, etc.). This analysis is used to assess risks as part of the due diligence process and to budget for costs in order to improve the resilience of an asset if necessary. AEW will continue to bring on Board the remaining portfolio in 2021.

Low carbon strategy

Natixis believes it has a responsibility to actively combat climate change and has developeda proactive strategy aimed at reducing its direct and indirect impacts on the environment resulting from its financing and investment activities. Direct impact: Each year, Natixismeasures its carbon emissionsand takes a number of measures to limit its own impact on the climate, namely: carbon neutrality of power consumption via renewable energy V supply contracts; Indirect impact generated by its business lines: Natixis draws on its investment and financing operations as its key means of action the fight against climate change, both in terms of risk management and business opportunities. Natixis is implementing a low-carbon strategy, fully integrated into its ESR policy, in all its businesslines. Green Weighting Factor: To step up its transition to green finance, Natixis is developing a tool to gradually bring its financing activities into line with the Paris Agreement goals for the climate. Work is underway to define a temperature trajectory. 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. Financing green growth: Natixis is a significant player in the financing of renewable energies, particularly in Europe and Latin America: 21 new projects were financed in 2020 representing an installed capacity of 6,510 MW for an agreed amount of €1.5 billion. Natixis is also a leading bank in the financing of sustainable infrastructures (sustainable real estate, sustainable mobility, environmental services), as well as in the green bond market. Investment products helping to combat climate change: Natixis Investment Managers also finances renewable energy via the investment funds proposed by its affiliates. Natixis Assurances was supportedby Mirova in January 2020for the launch of its first Green bonds strategy, for an initial amount of €30 million, supplemented in July 2020by a new Green bonds Euro strategy. These two strategies propose a portfolio aligned with a global warming trajectory of less than 2°C. Managing climate risk in projects financed by Natixis : As a signatory of the Equator Principles, Natixis incorporates climate change into the environmental impact assessments conducted on its major projects. Borrowers are required to present an analysis of the possible alternatives to their projects, and to report annually on the project’s CO2 emissions once it is in operation. Exclusion of carbon-intensive issuers: since 2015, Natixis has ceased all financing and investments in the coal sector (exclusion threshold of 25% applicable to general purpose corporate financing - see section [6.4.1]) and has also undertaken to stop financing oil sands and oil exploration in the Arctic (30% exclusion threshold applicable to general purpose corporate financing - see section [6.4.1]). energy-efficient buildings; V eco-friendly business travel. V

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NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020