TCFD REPORT 2021 TACKLING CLIMATE CHANGE 38 CLIMATE-RELATED RISK MANAGEMENT IMPACTS SCOPE CONCERNED TRANSITION RISK ACUTE/CHRONIC PHYSICAL RISK Short/ medium-term Long/very long-term Short/ medium-term Long/very long-term INDIRECT IMPACTS Resulting from Natixis exposure to other entities (clients, assets, etc.) Counterparty credit quality and collateral valuation Corporate & Investment Banking Low Medium Low Medium Financial assets valuation Corporate & Investment Banking Low Medium Low Medium Natixis Assurances, Natixis Investment Managers Low Low Low Low Insurance risks and reinsurance access Natixis Assurances Low Medium Asset management fund relative performance Natixis Investment Managers Low Low Low Low DIRECT IMPACTS Liquidity and structural balance sheet risks Natixis Low Medium Low Medium Strategic risks Natixis Medium High Changes to the regulatory and legal framework Natixis Medium High Reputational risk Natixis Medium High Operational risk Natixis Low Medium Summary of the assessment of climate risk impact on Natixis’ businesses