10 GOVERNANCE OF CLIMATE CHALLENGES TCFD REPORT 2021 TACKLING CLIMATE CHANGE • In the Insurance business, the investment team of the life insurance network includes ESG experts who define and implement investment policy for the general-purpose fund. For several years, ESR officers have also focused their work on asset & wealth management (Mirova, Ostrum Asset Management, AEW Europe), as well as the different Insurance business lines (BPCE Assurances: BPCE Life and Non-Life). Furthermore, ESR officers identified in 2018 via multiple  global platforms roll out the worldwide ESR strategy. Lastly, in recent years, Natixis has ramped up its training programs and awareness-raising sessions on sustainable development and climate to foster greater mobilization. This year, such efforts were consolidated with the rollout of a mandatory training module for all employees. The ESR team works closely with the BPCE Group ESR department, both in defining and monitoring strategic actions and disseminating consolidated ESR data on a Group-wide basis. Organization of the climate risk supervisory framework The climate risk supervisory framework within Natixis is based mainly on links between the ESR department teams and the Risk division. THE ESR DEPARTMENT is responsible for drafting ESG policies and the list of exceptions which apply to Natixis’ business lines. It is also the main specialist division on climate risk. In this respect, the ESR department plays a central role in implementing several strategic projects to identify and monitor climate risk (notably the Green Weighting Factor methodology and the ESR screening tool). In Corporate & Investment Banking, the ESR department is also involved in supporting the process of granting and reviewing financing transactions by contributing its ESG expertise  and reputational risk on high- stakes business and ensures compliance with ESR policies. In the Risk division, the CREDIT RISK department is in charge of integrating ESG policies within sector credit policies and integrating climate risk within the framework of the granting process and reviewing Corporate & Investment Banking transactions, while ensuring the operational implementation of tools to identify climate risks. It relies on the expertise of the ESR department for the most sensitive transactions. The ENTERPRISE RISK MANAGEMENT DEPARTMENT is tasked with developing methodologies capable of measuring risk and conducts quantitative analysis linked to risk measurement. As such, it is responsible for carrying out resistance tests as part of the ACPRexercise,incoordinationwithotherRiskdivisiondepartments. The OPERATIONAL RISK DEPARTMENT integrates situational modeling of physical climate risk scenarios to which Natixis is exposed. 4 Strengthened training actions for all of our employees