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OSTRUM ASSET MANAGEMENT

PRI reporting framework 2017

Gateway asset class implementation indicators [OO 10 - 12]

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Implementation not in other modules [SG 12 - 16] Innovation [SG 17]

Direct - Listed Equity Active Ownership

Engagement [LEA 01 - 16] Overview [LEA 01 - 02] Process [LEA 03 - 10] Process for engagements run internally [LEA 03 - 04] Process for engagements conducted via collaborations [LEA 05 - 06] General processes for all three groups of engagers [LEA 09 - 10] Outputs and outcomes [LEA 11 - 15] Communication [LEA 16]

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Basic Information

OO 01. Signatory category and services

01.1. Select the services you offer.

Fund management

% of assets under management (AUM) in ranges

<10%

10-50%

>50%

Fund of funds, manager of managers, sub-advised products

% of assets under management (AUM) in ranges

<10%

10-50%

>50%

Other, specify

Execution and advisory services

01.2. Additional information. [Optional]

With more than €353.5 billion* in assets under managemen, Natixis Asset Management ranks among the leading European asset managers**. Natixis Asset Management offers its clients (institutional investors, companies, private banks, retail banks and other distribution networks) tailored, innovative and efficient solutions organised into five investment divisions: Fixed income, European equities, Investment and client solutions, Volatility and structured developed by Seeyond, Emerging equities developed by Emerise.Natixis Asset Management owns also three subsidiaries asset managers: Mirova, Dorval Asset Management and H20 Asset Management. Natixis Asset Management’s offer is distributed through the global distribution platform of Natixis Global Asset Management and Groupe BPCE’s two retail networks, Banque Populaire and Caisse d’Epargne.

> Further information: www.nam.natixis.com

* Source: Natixis Asset Management – 30/12/2016.
** Source: IPE Top 400 Asset Managers 2016 ranked Natixis Asset Management as the 49th largest asset manager based on global assets under management, and by the country of the main headquarters and/or main European domicile, as of 31 December 2015.

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

France

02.2. Indicate the number of countries in which you have offices (including your headquarters).

2-5

6-10

>10

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

678 FTE

02.4. Additional information. [Optional]

Natixis AM employs 678 people, as of 31st December 2016, within its direct scope and within its majority-owned subsidiaries Dorval, H20, Natixis AM US, Natixis AM Asia and Natixis AM Finance.

Mirova, the RI subsidiary wholly-owned by Natixis AM, is a PRI signatory and reports separately on its own scope. In accordance with PRI’s reporting guidelines, Mirova’s staff (69 FTE) is therefore not included in the number of employees mentioned above. However, it is worth highlighting that, from an operational perspective, Mirova’s employees are considered as in-house teams, as they contribute to Natixis AM responsible asset management strategy, notably by providing its PMs with ESG inputs.

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

Yes

03.2. List your subsidiaries that are separate PRI signatories and indicate if you would like to report their RI activities in your organisation’s consolidated report.

Name of PRI signatory subsidiary (Up to six subsidiaries may be reported)	RI implementation reported here on a consolidated basis
MIROVA	Yes No
	Yes No
	Yes No
	Yes No
	Yes No
	Yes No

03.3. Additional information. [Optional]

As a pioneer and leader in SRI with almost 30 years of experience in this field, Natixis Asset Management is deeply involved in the implementation of ESG investment strategies. Recognizing the increasingly important role of responsible investing, Natixis AM decided:

to develop a CSR policy and mainstream ESG incorporation strategies within its own scope;
to regroup its Core-RI capabilities within a single division, Mirova, which was launched in November 2012.

In order to accelerate the development of its responsible investment activities, Natixis AM announced the incorporation of Mirova as a separate management company and wholly owned subsidiary of Natixis AM on January 1st, 2014.

Mirova offers a full array of investment solutions: listed equities, bonds, infrastructure funds, impact investing as well as engagement and voting services.

Mirova is a PRI signatory since 2013, and therefore reports seperatly on its own scope. However, from an operational perspective, Mirova’s employees are considered as in-house teams, as they contribute to Natixis AM responsible asset management strategy, notably by providing its PMs with ESG inputs. (the investment scopes are nevertheless clearly separated, with distinct RI approaches, fully explained in the SG, LEI, LEA and FI sections of both companies’ PRI reports).

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2016

04.2. Indicate your total AUM at the end of your reporting year, excluding subsidiaries you have chosen not to report on.

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

04.3. Indicate the total AUM at the end of your reporting year for subsidiaries you have excluded from your report

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

04.4. Additional information. [Optional]

The AuM mentioned above in OO 04.3 are those of Mirova, the RI subsidiary fully owned by Natixis AM. These AuM are not taken into account the data provided in OO 04.2, as Mirova is a PRI signatory and therefore performs its PRI report seperatly.

OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. How you would like to disclose your asset class mix.

as percentage breakdown

as broad ranges

	Internally managed (%)	Externally managed (%)
Listed equity	10-50% 15	<10% 0.8
Fixed income	>50% 64.4	<10% 0.2
Private equity	0 0	0 0
Property	0 0	0 0
Infrastructure	0 0	0 0
Commodities	0 0	0 0
Hedge funds	0 0	0 0
Forestry	0 0	0 0
Farmland	0 0	0 0
Inclusive finance	0 0	0 0
Cash	10-50% 14.6	0 0
Other (1), specify	<10% 1.7	0 0
Other (2), specify	<10% 3.3	0 0

'Other (1)' specified

          Structured products

'Other (2)' specified

          Alternative funds

06.2. Publish our asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

Natixis Asset Management offers its clients – institutional investors, companies, private banks, retail banks and other distribution channels – tailored, innovative and efficient solutions articulated around five expertises and three subsidiaries.

5 renowned expertises:

The Fixed income team covers the entire European bond universe: sovereign, credit, inflation, aggregate, convertible, currency, private debt real asset, etc.;
The European equities team delivers active fundamental asset management in the European large, mid and small cap segments through the value style, etc.;
The Investments and clients solutions team offers tailored products and services for the management of overall allocation, management of employee benefits and employee savings plans, strategic guidance and financial engineering solutions, etc.;
Seeyond, the volatility management and structured product investment division, implements a set of strategies that go beyond conventional active management through structured management, active protected management, flexible asset allocation, volatility management, model-driven global and European equity strategies, etc.;
Emerise, the emerging equities investment division, provides active conviction management in all emerging asset classes: global emerging equities, local emerging equities, etc.;

3 subsidiaries

Mirova develops an engaged approach aiming to combine value creation and sustainable development (Mirova is a PRI signatory and reports separately)

H2O Asset Management is a specialist of international bonds and global macro management;

Dorval Asset Management is a specialist of active wealth and flexible equity management;

Natixis AM’s offer is marketed by the global distribution platform of Natixis Global Asset Management, which provides access to the investment expertise of more than twenty asset management companies present in the United States, Asia and Europe. Natixis Asset Management also designs products and services tailored to the client base of Groupe BPCE’s two retail networks, Banque Populaire and Caisse d’Epargne.

OO 07. Fixed income AUM breakdown (Private)

OO 08. Segregated mandates or pooled funds (Private)

OO 09. Breakdown of AUM by market (Private)

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