BPCE_REGISTRATION_DOCUMENT_2017

SOCIAL, ENVIRONMENTAL AND SOCIETAL INFORMATION A range of services to meet the challenges facing our customers

Exclusion policies Exclusion policies have been announced to the public and implementedin differentsectors. Controversial weapons Exclusion policies have been applied to the controversial weapons sector. Since March 2009, Natixis has excluded the financing, investment and offer of services to companiesinvolved in manufacturing,storing or trading anti-personnel mines and clusterbombs. This exclusion policy notably applies to proprietary and third-party investmentsmanaged by NatixisAsset Management,which has set up a program to raise customer awareness.

Natixis will also no longer provide general-purpose corporate financing to companiesfor which coal-fired power plants or thermal coal mines accountfor over 50%of their activity. This commitmentwas set out in a sector policy publishedon Natixis’ website at the following address: https://www.natixis.com/natixis/ upload/docs/application/pdf/2016-07/160708_coal_policy_fr.pdf. It also appliesto investmentsmadeby NatixisAssetManagement,coveringall directly managed portfolios, and to Natixis Assurances, covering all general-purposefunds. Both Natixis Asset Managementand Natixis Assurancehave stoppedinvestingin industrialcompaniesderiving50% or more of their businessfrom coal-firedpower plants and/or thermal coal mining. It should be noted that the amount of Natixis’ exposure to coal-industry financing has fallen steadily since the undertaking made in October 2015. At the end of 2016, financingof thermal coal mines amounted to zeroand wasresidual incoal-firedpower plants.

Coal sector

Since October 15, 2015, Natixis has undertaken to stop financing coal-fired power plants and thermal coal mining around the world.

Discontinued financing of oil derived from oil sandsand exploration/production of oil in the Arctic In December 2017, Natixis made a commitment to no longer finance the production, transportationand storage of oil derived from oil sands, all around the world. It also committedto no longer financingcompanieswhose activitiesare mainly based on the productionof oil derivedfrom oilsands. The companyhas also stoppedfinancingoil explorationand production projects in the Arctic. More information is available in the press release. https://www.natixis.com/natixis/upload/docs/application/pdf/2017-12/pr_natixis_-_new_commitments_-_december_11_2017.pdf

This commitmentto protect the Arctic upholds the position already adoptedby Natixis Asset Managementand Mirova,which since 2016 have headed a group of investorshaving signed a declarationcalling for the Arctic region to be protected against oil exploration

activities,and for the adherenceto nationalcommitmentsto combat

climate world.

change in this particularly hydrocarbon-rich area of the

Discontinuation of financing for the tobacco industry In December 2017, Natixis decided to stop all financingand investmentactivities in the tobacco industry. This decision applies to tobacco producers, wholesalers and traders, as well as tobacco product manufacturers. It is applicable to all Natixis business lines worldwide: Corporate & Investment Banking, Specialized Financial Services, Insuranceand AssetManagement. Natixis sees tobaccoas a danger to public health, and this exclusionhas deepenedthe bank’s commitmentto the fight against cancer, as a supporter of FondationGustaveRoussysince 2011. More information is available in the press release. https://www.natixis.com/natixis/upload/docs/application/pdf/2017-12/natixis_pr_-_tobacco_exclusion_12_19_2017.pdf

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Registration document 2017