TCFD REPORT 2021 TACKLING CLIMATE CHANGE 29 PUTTING CLIMATE AT THE HEART OF OUR BUSINESS STRATEGY Climate-theme investments: renewable energy, sustainable mobility, sustainable real estate, and natural capital Renewable energy SeveralNIMaffiliatesusetheirinvestmentfundstofinancerenewableenergy. In 2018, Mirova launched Mirova Eurofideme 4, its fourth renewable energy infrastructure fund. At end-November 2019, Mirova completed fundraising for an amount of €857m. This figure far exceeded its initial target, closing the largest renewable energy fund dedicated to the European market. In 2020, Mirova forged a strategic partnership with Engie in biogas. This ensured a faster than expected fund launch. The Mirova Eurofideme 4 fund acquired a 50% stake in Dana Gaz, a company owning 9 operating biogas plants (17.5MW installed capacity) which are developed and owned by Engie. Biogas will be key to building a circular economy through waste recovery as well as creating local jobs and supporting agriculture. Boosted by thesuccess of its Fideme (2002), Eurofideme 2 (2009), Mirova Eurofideme 3 (2014) and Mirova Eurofideme 4 (2018) funds, Mirova is focused on the launch of a next-generation fund dedicated to financing energy transition infrastructure. The Fund will continue the strategy deployed by its predecessors. Investors will be handed Europe-based renewable energy projects, using proven technologies (wind, solar, hydraulic, biomass and heating networks), investing in minority or majority partnerships with industrial companies and acquiring a direct stake in their capital. Moreover, the Fund will invest in storage capacity which equates to that of renewable energy facilities and low-carbon mobility. Sustainable real estate In 2020, AEW CILOGER stepped up its efforts to obtain certification for its portfolio assets. As a result, the asset manager certified buildings under construction or in operation: BREEAM, LEED existing building, HQE operating and Breeam In-Use, BBCA (low-carbon building) and BEPOS (positive-energy building). Since January 12020, AEW CILOGER has implemented a 100% renewable electricity and gas supply for buildings located in France. Within this scope, AEW CILOGER manages energy contracts which will help to reduce the carbon footprint of assets under management. The Innov 2019project, launched in 2019and rolled out until 2021,aims to test innovative solutions at around forty pilot sites, based on seven themes: photovoltaic electricity, electric vehicle charging, stations, biodiversity, the circular economy, the fight against food waste, waste management and resilience to climate change. Some projects have already been completed and have been extended to other buildings, particularly biodiversity and the circular economy. Sustainable mobility Mirova factors in sustainable mobility by encouraging investments in securities issued by vehicle manufacturers and equipment suppliers that propose technical solutions to solve the challenge of offering more and more people mobility solutions while reducing the environmental and social impacts linked to transport. As part of the Eurofideme 4 fund, the MEF4 mobility package was launched, which provides the option of investing up to 10% of the fund in low-carbon mobility. At end-2020, MEF4 had invested €11m through two transactions. The first consisted in financing a fleet of