TCFD REPORT 2021 TACKLING CLIMATE CHANGE 15 PUTTING CLIMATE AT THE HEART OF OUR BUSINESS STRATEGY Including the climate challenge at the heart of our strategy Climate change and the destruction of natural ecosystems are among the most critical challenges faced by society. Conscious of the urgent need to decarbonize the global economy, and regognizing its responsibility as a financial player, Natixis commits all of its business lines to the fight against climate change and the protection of natural capital. Our teams work tirelessly to develop products and services to support their clients’ ecological transition, helping them to achieve carbon neutrality. Regarding its banking activities In 2019, Natixis became a founding signatory of the Collective Commitment to Climate Action (CCCA) as part of its commitment to the Principles for Responsible Banking (PRB). At the same time, Natixis became the first bank to actively monitor the climate impact of its banking portfolio thanks to the Green Weighting Factor, committing to align its balance sheet with the objective of the Paris Agreement, i.e. limiting the temperature rise induced by its financing activities to well below 2°C compared to pre-industrial levels. This strategic ambition is today strengthened with an alignment commitment of the full banking portofolio with a 1.5°C trajectory by 2050, with intermediate targets at 2.5°C in 2024 and 2.2°C in 2030 . The climate impact of the banking portfolio is now monitored on a quarterly basis for all sectorial exposures and geographies through the granular analysis oftheGreenWeightingFactor(GWF)tool. Thanks to the strenghthened commitment of its Corporate & Investment Banking arm, where the bulk of financed carbon emissions lie, Groupe BPCE signed up in July 2021 to the Net Zero Banking Alliance (NZBA), which is part of the Glasgow Financial Alliance for Net Zero (GFANZ), a global initiative of the entire financial sector committed to reach carbon neutrality by 2050. Regarding third-party asset management Each Natixis Investment Managers (NIM) affiliate is responsible for integrating climate risks and opportunities, in line with NIM’s multi-brand business model. These approaches can vary depending on asset management strategies, asset classes, geographical positioning of asset managers and client needs, but all affiliates integrate ESG criteria into their investment analysis to cover climate impacts, i.e., more than 80% of the €1,136bn in assets under management. NIM is committed to measuring and monitoring the carbon footprint of its aggregated portfolio of liquid assets, i.e., €815bn at end-2020, with the very first measurements presented in this report. Between now and the 2024 timeframe for thecurrentstrategic plan, NIM has also committed to ensuring thatall of itsaffiliates sign up to the United Nations Principles of Responsible Investment (UN-PRI) and that one-half of its assets under management are focused on sustainable or impact investments, i.e., integrating climate challenges as part of asset management. Net Zero Banking Alliance (NZBA) commitment: reaching carbon neutrality by 2050 with intermediate targets at 2.5°C in 2024 50% of sustainable and impact investment target 2