Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable Development

Environmental Achievements

• Liberté 2 building awarded grand prize for office buildings for its sustainable development approach and high environmental quality
• Increased financing of wind farms
• Implemented selective waste collection and employee recycling programs
• Integrated sustainable development criteria into calls for tender
• Reduced energy consumption on a comparable structure basis

Social Achievements

• Nearly 730 employees hired under permanent contracts (50% increase over 2004)
• More than 7,000 employees participated in nearly 200,000 hours of training
• Profit-sharing and incentive plans representing around two months of base salary
• Signed a profit-sharing agreement applicable to 6,000 bank employees and nine subsidiaries
• Devoted part of professional training tax to teaching projects for young people with learning problems or disabilities

Governance Achievements

• Board of Directors met seven times during 2005 with a 96% average attendance rate
• Three special committees (Audit, Risk Management, and Remuneration) assisted the Board
• Work of the Board of Directors evaluated for the first time in 2005
• Created a Compliance department reporting directly to the highest level and independent from sales functions
• Implemented an IT governance system

Climate Goals & Targets

Environmental Challenges

• Fierce competition in banking and financial markets
• Decline in margins on certain lending activities
• Unfavorable market conditions relating to interest rates and lending in the first half of 2005
• Heightened competitive pressures in the factoring market
• Increased claims rate in credit insurance

Mitigation Strategies

• Implemented a multi-year program using activity-based costing methods to tighten cost controls
• Updated capital allocation system
• Created a Purchasing department to optimize purchases
• Continued to build up market risk teams and strengthen internal control systems
• Launched a project to adapt the credit risk management model to the needs of sales teams

Supply Chain Management

Responsible Procurement

• Integrated sustainable development criteria into calls for tender; used products with less impact on the environment; used eco-labels; incorporated exclusion criteria into certain calls for tender

Climate-Related Risks & Opportunities

Opportunities

• Financing and investment in favor of the environment; acting as an intermediary in the European CO2 quotas market

Reporting Standards

Frameworks Used: IFRS

Certifications: ISO 9001

Awards & Recognition

• Liberté 2 building awarded grand prize for office buildings

Environmental Metrics

ESG Focus Areas

• Environmental, Social, and Governance (ESG)

Environmental Achievements

• 6.5 GW renewable electricity capacity financed in 2020
• €1.5 billion arranged in renewable energy financing in 2020
• €15.9 billion arranged in Green Bonds in 2020
• 40% reduction in energy consumption since 2010

Social Achievements

• Nearly 85 solidarity initiatives rolled out worldwide to tackle the health crisis
• Implementation of a matching scheme for all donations made around the world
• Launched an unprecedented approach to identify practices and behaviors that reflect its corporate culture, resulting in the “Purple Way” highlighting three key values: sustainable impact, entrepreneurial spirit, collective intelligence.

Governance Achievements

• Separation of the positions of Chairman of the Board and Chief Executive Officer
• Implementation of a diversity policy for Board members
• Creation of a CSR Committee

Climate Goals & Targets

Environmental Challenges

• Health crisis and its impact on business lines and teams
• Increased regulatory pressure
• Energy transition and climate change
• Digitalization of processes and new uses
• Supply chain disruptions (implied)

Mitigation Strategies

• Adapted products and services to support customers during the health crisis
• Deployment of the “Easy” program, giving employees more flexibility in their working methods
• Implementation of a new leadership model and an approach to simplify organizations
• Active management of its own energy targets
• Development of the “Green Weighting Factor” tool
• Transformation and operational efficiency program

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• 13 SDGs

The ESR policy actively contributes to 13 SDGs in its business lines and operations

Environmental Metrics

ESG Focus Areas

• Energy transition
• SRI finance
• Environmental and social responsibility (ESR)
• Climate change
• Sustainable finance
• Diversity & Inclusion

Environmental Achievements

• Reduced carbon footprint per employee by an unspecified percentage (target -20% by 2024 vs 2019)
• Reduced energy consumption of buildings by an unspecified percentage (target -40% by 2024 vs 2019)
• Reduced IT carbon footprint by an unspecified percentage (target -10% by 2024 vs 2020)
• Aligned Natixis CIB balance sheet with a +2.5°C climate trajectory by 2024 (target +1.5°C by 2050)
• Aligned general life insurance fund with a +2°C temperature trajectory by 2024 (target +1.5°C by 2030)
• Increased green revenues for Natixis CIB (target unspecified)

Social Achievements

• Launched employee well-being initiatives (e.g., YourPulse surveys)
• Increased women in leadership circles (target 40%)
• Solidarity mobilization (solidarity day, mobilization with Natixis Foundation)
• 1 day of volunteering per year available to each employee
• Training 1,000+ employees through Step Up Academy programs
• 3,000 leaders trained in inclusion/unconscious bias

Governance Achievements

• Implemented a diversity policy for Board members
• Established a Code of Ethics for Board members
• Adopted an internal charter of related-party agreements
• Regularly assesses the work of the Board of Directors and its Committees

Climate Goals & Targets

Environmental Challenges

• Credit and counterparty risk concentration
• Liquidity of assets
• Financial market deterioration
• Downgrade of credit rating
• Non-compliance with laws and regulations
• Unethical acts or behaviors
• Operational failures
• Climate change risks (transition and physical risks)
• Integration of new entities in acquisitions or joint ventures

Mitigation Strategies

• IFRS 9 provisioning model
• Macroeconomic scenario analysis
• Risk hedging strategies
• Strengthened liquidity management
• Compliance Department oversight
• Code of Conduct
• Conduct framework and training program
• Green Weighting Factor (GWF) methodology
• Due diligence in acquisitions and joint ventures
• Withdrawal from high-impact sectors (oil sands, Arctic oil, Ecuadorian oil, shale oil and gas, coal)

Supply Chain Management

Responsible Procurement

• Systematize social and sustainability criteria in our procurement process

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Technological breakthroughs
• Changes in consumer preferences

Reporting Standards

Frameworks Used: TCFD

Third-party Assurance: Moderate assurance report by one of the Statutory Auditors

Awards & Recognition

• ESG Infrastructure Bank of the Year at the IJ Global ESG Awards for 2021
• No. 1 bookrunner for sponsored loans in France (Dealogic)
• No. 6 in the EMEA region for sponsored loans (Refinitiv)

Environmental Metrics

ESG Focus Areas

• Green and Sustainable Business Development
• Direct Impact & Onboarding
• Risk Management

Environmental Achievements

• 20% reduction in carbon footprint per employee
• 98% share of renewable energies in France
• 27% Green Weighting Factor (portfolio environmental impact)

Social Achievements

• 31% percentage of women among Company leaders
• 90.1% share of employees working remotely in France
• More than 1,500 employees involved in solidarity initiatives

Governance Achievements

• ESG criteria incorporated into financing operations and investments
• Dedicated ESR Committee at Board level
• ESR Sponsors Committee bringing together senior executives

Climate Goals & Targets

Environmental Challenges

• Geopolitical context disrupting energy sovereignty
• Extreme volatility of commodity prices
• Lack of granular public information on climate performance in the financial sector

Mitigation Strategies

• Targeted capital allocation to low-carbon activities
• Close monitoring of technological developments (green hydrogen)
• Continuous improvement of Green Weighting Factor methodology

Supply Chain Management

Responsible Procurement

• Responsible Purchasing Policy
• ESR clauses in contracts

Climate-Related Risks & Opportunities

Physical Risks

• Storms
• Heat waves
• Floods

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Growth in renewable energy financing

Reporting Standards

Frameworks Used: UN Global Compact, UN PRI, Principles for Responsible Banking, Equator Principles, OECD Guidelines, Green Bond Principles, Social Bond Principles, Climate Bonds Initiative, CDP, Diversity Charter, Act4nature

Third-party Assurance: Moderate assurance by one of the Statutory Auditors

Sustainable Products & Innovation

• Sustainable bonds
• Green loans
• ESG and Climate Portfolio Clarity platform

Awards & Recognition

• Top Employer France
• HappyTrainees label

Environmental Metrics

ESG Focus Areas

• climate change
• sustainable finance
• energy transition
• diversity & inclusion
• social responsibility

Environmental Achievements

• €3.3bn of assets under management in Art. 8 and 9
• 10.9 GW of renewable electricity capacity financed in 2023
• Numerous awards for sustainability-linked loans and ESG initiatives in infrastructure and energy

Social Achievements

• Launched initiatives aimed at revitalizing financial savings within Groupe BPCE networks
• 31% women in all leadership circles
• +14 NPS (Net Promoter Score) points with Groupe BPCE networks and +8 NPS points for international distribution
• Numerous awards for social impact initiatives

Governance Achievements

• Separation of Chairman of the Board of Directors and Chief Executive Officer
• One-third independent directors on the Board
• Implementation of a diversity policy for Board members
• Adoption of a Code of Ethics for Board members

Climate Goals & Targets

Environmental Challenges

• Geopolitical instability
• High interest rates
• Inflation
• Weak growth
• Energy crisis
• Climate change (physical and transition risks)
• Regulatory changes
• Competition
• Attracting and retaining qualified employees

Mitigation Strategies

• Cautious approach in the management of positions
• Hedging strategies for extreme risks
• Dynamic hedging of interest rate and inflation risks
• Implementation of a comprehensive internal control framework
• Strengthened risk management framework
• ESG integration into operations
• Diversity and inclusion initiatives
• Flexible work arrangements

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Climate change impacts

Transition Risks

• Regulatory changes
• Market shifts

Awards & Recognition

• The Banker Investment Banking Award 2023: Investment Bank of the year for sustainability-linked loans
• IJGlobal ESG Awards 2023: Natixis CIB - ESG Infrastructure & Energy Bank Award
• Environmental Finance Impact Awards: “Fund of the year - Private Equity”, “Fund of the year - Listed Equity” and “Personality of the year IFR Awards”