9 GOVERNANCE OF CLIMATE CHALLENGES TCFD REPORT 2021 TACKLING CLIMATE CHANGE OPERATIONAL COMMITTEES At the operating level, ESR hinges on two Steering Committees to fuel reflection and monitor the implementation of strategy: one is dedicated to internal ESR impacts and employee mobilization, while the other focuses on sustainable business development and ESG risk management, specifically climate risks for all of our business lines. These Committees are made up of representatives (“ESR pilot”) of the different Natixis business lines and functions to ensure the broadest overview of ESR strategy implementation. As regards the Natixis Investment Managers and Natixis Assurances subsidiaries, the ESG Committees—in which Senior Management of these entities participate—are also responsible for monitoring actions within their scope. Role and organization of the ESR department The Environmental and Social Responsibility (ESR) department reports directly to the General Secretary and is a member of the Senior Management Committee. With 10 permanent members, this Committee monitors and coordinates integration of ESR policy in Natixis’ operations and activities. In this way, it supports increasing demand from clients, investors and corporates, to integrate ESR considerations into their own development models. It is also responsible for regulatory and strategic reporting and relations with internal and external stakeholders who refer to Natixis on ESR policy (clients, employees,non-financialratingagencies,NGOs,etc.). The ESR department is backed by a network of 200 ESR correspondents from all business lines and functions. These officers from Natixis’ various business lines (Corporate & Investment Banking, Asset & Wealth Management, Insurance, Payments) participate in forums aimed at developing ESR within business lines, while correspondents in support functions (Workplace, human resources, compliance, etc.) and business lines (for their “operational management” aspects) are involved in projects linked to integrating sustainable development in Group operations. • As part of this structure, Corporate & Investment Banking introduced the Green & Sustainable Hub (GSH). Comprising a global team of experts, this operating hub supports issuer clients and investors by offering them expert advice for green and sustainable finance. These skill sets are applied to asset classes across the board: structured financing and origination, investment solutions, in partnership with the business lines where the “Green Captains” are mobilized and in cooperation with the ESR department. The GSH provides year-round training in an endeavor to upskill Green Captains on sustainablefinancetopics. • In the asset & wealth management business, a centralized ESG team coordinates the ESG criteria integration policy into approaches to affiliate management. Several affiliates have created dedicated ESG teams to monitor ESG operational integration. The various business lines and functions are mobilized A network of around 200 ESR Correspondents 3
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