The bankfor a changing
worldTableof contents_
01_ About Company Engagement
and Sustainability at BNP Paribas
02_ Company Engagement strategy
03_ Sustainability achievements
04_ Sustainable asset servicing solutions
05_ Awards and recognition

Accelerating the sustainability transformation_Lydie Vallese
Head of Company Engagement& General Secretary forSecurities Services

As the Head of Company Engagement, I am delighted to introduce oursustainability brochure, which outlines our commitment to achievinga more sustainable future. As part of BNP Paribas’ 2025 Growth,
Sustainability and Technology strategic plan, we are scaling up oursustainable finance and CSR programmes to accelerate our clients’transition, as well as our own, to a more sustainable economy.
At our core, we believe that responsible asset servicing requires aholistic approach to sustainability, which includes considerations forenvironmental, social and governance factors. We are proud to be at
the forefront of this movement, and we remain dedicated to playing
our part in creating a better world for generations to come.
Our commitment to sustainability is reflected in every aspect of ourbusiness. From our investment decisions to our daily operations,
we prioritise sustainability in all that we do.  We work tirelessly toreduce our carbon footprint, promote diversity and inclusion, andsupport our local communities.  We recognize that our success is
inextricably linked to the health and wellbeing of the planet, and weare committed to doing our part to ensure that we leave a positive
legacy for the future.

Sustainability at Securities Services

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01.

About Company Engagement
and Sustainability
at BNP Paribas

4

Sustainability at Securities Services

_At its core, sustainability is about acting responsibly today to protect the future.
Our ambition is to be ‘the leading positive-impact asset servicer and partner of choice for large financial
institutions’. To support this goal, we have a dedicated department called Company Engagement that sets
BNP Paribas’ sustainability strategy. Company Engagement operates across the bank, and within various
business lines, including Securities Services. Its remit includes setting a strategy for sustainable finance i.e.
facilitating the development of the financial services products and solutions that our clients need in order tomeet their sustainability goals.
Our vision of sustainable asset services is threefold:• Trusted partner and a positive-impact asset-servicer for financial institutions;• Transition accelerator, supporting our clients in their sustainability journey and accelerating oursustainable finance offering;• Strategic connector, developing joint solutions with the rest of the BNP Paribas Group.

This brochure gives an overview of Company Engagement and sustainable finance at Securities Services.

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Sustainability at Securities Services

Sustainability at Securities Services

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02.

Company
Engagement
strategy

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Sustainability at Securities Services

_Securities Services has an important role to play in helping its clients adopt and integrate ESG policies anddemonstrate the value these can bring to an organisation.
The four pillars of our Company Engagement strategy outlined below brings this to life through our daily
activities, and are aligned with the CSR pillars of the BNP Paribas Group: Economy, Environment, Our People,and Community.
OUR COMPANY ENGAGEMENT STRATEGY:—
A trusted partner supporting sustainable
and responsible finance—Engage clients on sustainability topics—
Contribute to finance industry's transition via researchand thought leadership, i.e. ESG Global Survey—
Rollout of learning and development
programmes across a range ofsustainability topics—
Equip and upskill client-facing teams—
Implement a global remote working
framework

CLIENTS_OUR PEOPLE_Develop oursustainableoffering

Be a positiveand responsible
place to work

STRATEGYCOMMUNITIES_Be a leading
contributor tosociety—
Contribute to a range of positive impact
initiatives in support of local
economies, aimed at assisting social
enterprises, development of skill
for shared job opportunities, anddiversifying talent in the industry

GOVERNANCE_Be a strong ESG
integrator along
the value chain—
Incorporate ESG criteria and risk assessment
framework into our operational activity
100% by 2025 when engaging with ourinternal and external stakeholders and as
part of our decision-making processes—
Reduce the environmental footprintof our operations (e.g. paper and water usage
and our carbon emissions)Sustainability at Securities Services

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03.

Sustainability
achievements

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Sustainability at Securities Services

CLIENTSOUR PEOPLE__Range of sustainable finance solutions tosupport clients such as Manaos, our investment
data management platform and our ESG
investment compliance offer_As with the Group’s strong focus on diversity &inclusion, Securities Services reached the targetof 50% women in key talent populations_Contribute to the transition of the financeindustry through research and thought
leadership, i.e. ESG Global Survey

Alignment with the International Labour
Organization (ILO) Disability Charter_Over 3,500 people have been trained throughlearning and development programmes onsustainability topics

COMMUNITIESGOVERNANCE__Range of positive impact initiatives in support oflocal economies, aimed at aiding social enterprises,
skill development for shared job opportunity,and diversifying talent in the industry, such as
recyclable cups in France_Risk: Our responsible decision making processincorporates ESG criteria into 44% of our key decision
processes. A dedicated control plan and new assessment
methodologies has been created and implemented toenhance the ESG-related risk management frameworkand to mitigate operational risk.
_Contribute to #1MillionHours2Help programme, a BNPParibas initiative which totaled 1,126,142* (in 2021and 2022) of solidarity hours performed by employees(*figures take into consideration all BNP Paribas)

Environment: In 2022, BNP Paribas publishedits first Climate Analytics and Alignment report_ISO 14001 compliant in a number of locations

Sustainability at Securities Services

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04.

Sustainable asset
servicing solutions

10Company Engagement
Sustainability
at Securities
at BNPServices
Paribas Securities Services

_To support our clients in their sustainable journey, Securities Services has implemented a sustainable
custodian go-to-market strategy that aims at:
Supporting our clients’sustainable vehicles

Embedding ESG intoour core solutions

Developing new
ESG solutionsWHAT WE OFFER
ESG REPORTING & ANALYTICS
Manaos, designed and incubated by Securities Services, assists institutional
investors and asset managers in sourcing reliable data and reporting on thesustainability of their investments accurately and securely.

• Through the platform’s data-exchange interface, investors and asset managers
can get a comprehensive view of their portfolios and dive deep into all aspectsof their investments.

• Manaos provides an open-architecture ESG marketplace, where investors canplug their portfolio data to leading ESG data and service providers, offeringscoring capabilities both at portfolio-level and asset-level across a broad rangeof complimentary apps.

• The platform also helps clients comply with European regulation SFDR and togenerate their EETs.

INVESTMENT COMPLIANCESUSTAINABLE SECURITIES LENDING• Screens and monitors client portfolios based on• Agency and Principal lending solutions aligned• Ensures client has visibility and control when

• Fully compliant with client fiduciary duty withpredefined ESG criteria.

investing in a particular company, industry
or country linked to social, environmental orethical factors.

• Incorporates ESG benchmarks to monitor theinvestment universe of socially responsiblecompanies.

• Automated alerts of compliance breaches
enabling quick action and resolution for
proprietary and investor ESG policies.

with clients' ESG policies.

the option to recall or restrict securities toprotect voting rights.

• ESG requirements can also be applied to client
collateral and counterparty selection policies.

• At the forefront of industry development – e.g.

active involvement in ISLA* ESG working groups.

*International Securities Lending Association

Sustainability at Securities Services11

_PROXY VOTING & CLASS ACTIONPRIVATE CAPITAL• Proxy voting solution enabling clients to take• Fully integrated end-to-end service offering• Class action solution powered by our• Knowledge and technical expertise to coveran active part in the investee companies’
strategic decisions by voting in general
meetings on ESG policies.

partner Class Action Claims Management(CACM) supporting any claims relating toESG breaches.

for private capital strategies – covering private
equity & debt; fund of funds; infrastructure;and real estate.
ESG funds, particularly for infrastructure(greenfield and brownfield projects).

SUSTAINABLE FINANCING
Our uniquely integrated service offering across BNP Paribas CIB provides clientswith a menu of financing options – spanning capital markets, and ESG-linked
loans and credit facilities.

DEBT SOLUTIONS• Integrated model between Global Markets and Securities Services to support‘use-of-proceeds’ instruments such as green and social bonds – fromorigination to post trade services.

• Enhancing the flow of communication in the pre-issuance phase(simplification of onboarding and efficiency in the end-to-enddocumentation process).

SUSTAINABILITY-LINKED LOANS & CREDIT FACILITIES• Flexible financing instruments to accelerate clients' sustainability strategies.
• Sustainability-linked loans with adjusted pricing based on performanceagainst ESG KPIs.

• Credit facilities particularly suited to bridge and capital call financing, andfor working capital requirements.

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Sustainability at Securities Services

05.

Awards andrecognition

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OUR CREDENTIALS
Our dedication to being the sustainable partner of choice is reflectedin our leadership on key market initiatives, top tier extra financial
ratings, and consistent recognition in industry awards.

EXTRA FINANCIAL RATINGSAAMSCI
2022 & 2021

A1+

#1/285No.1 European Bank

Best-in-class

MOODY’S ESGSOLUTIONS(ESG CORPORATE RATING)(formerly V.E) 2022 & 2021

*Top-rated in financial/commercial banks and capital markets sector

AWARDS & RECOGNITION

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Sustainability at Securities Services*ISS2022 & 2021

DISCLAIMER
The information contained within this document (‘information’) is believed to be reliable but BNP Paribas does not warrant its completenessor accuracy. Opinions and estimates contained herein constitute BNP Paribas’ judgment and are subject to change without notice. BNP Paribas
and its subsidiaries shall not be liable for any errors, omissions or opinions contained within this document. This material is not intended
as an offer or solicitation for the purchase or sale of any financial instrument. For the avoidance of doubt, any information contained within
this document will not form an agreement between parties. Additional information is available on request.
BNP Paribas is a credit institution that is authorised to perform banking activities and investment services under the law applicable in France
and is subject to prudential supervision on a consolidated basis by the European Central Bank (ECB), in cooperation with the Autorité deContrôle Prudentiel et de Résolution (ACPR). As a public listed company and as an investment service provider, BNP Paribas is also in France
under the supervision of the Autorité des Marchés Financiers (AMF). Its registered office address is 16 boulevard des Italiens, 75009 Paris,France, and its website is https://group.bnpparibas.
BNP Paribas is authorised and regulated by the European Central Bank (ECB) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
BNP Paribas is authorised by the Prudential Regulation Authority (PRA) and is subject to regulation by the Financial Conduct Authority(FCA) and limited regulation by the Prudential Regulation Authority (PRA). Details about the extent of our regulation by the PrudentialRegulation Authority (PRA) are available from us on request. BNP Paribas London Branch is registered in the UK under number FC13447. UK
establishment number: BR000170. UK establishment office address: 10 Harewood Avenue, London NW1 6AA.
Services described in this document, if offered in the U.S., are offered through BNP Paribas acting through its New York Branch (which isduly authorised and licensed by the State of New York Department of Financial Services) or BNP Paribas Financial Services LLC, a limited
liability company organised under the laws of the State of Delaware; if a securities product, through BNP Paribas Securities Corp., which
is a broker‑dealer registered with the Securities and Exchange Commission (SEC) and a member of the Securities Investor Protection
Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA); or if a futures product through BNP Paribas Securities Corp., aFutures Commission Merchant registered with the Commodities Futures Trading Commission (CFTC) and a member of the National Futures
Association (NFA).
In accordance with the General Data Protection Regulation (GDPR), European Regulation no. 2016-679, depending on the nature of theprocessing of the personal data concerned, you have a right of access, rectification and erasure of your personal data together with the rightto restrict or object to the processing of such data. For more information on the General Data Protection Regulation (GDPR), details regarding
processing purposes, and data retention principles, as well as your rights in relation to the processing of your personal data by BNP Paribas
SA, in the context of Securities Services activities, please refer to our data protection notice: https://cib.bnpparibas/data-protection-notice/.
Manaos is provided by AELX SAS (hereinafter Manaos), a technology company incorporated in France as a Simplified Limited Company.
Manaos is 100% owned by BNP Paribas. The information contained within this document (‘information’) is believed to be reliable but Manaosdoes not warrant its completeness or accuracy. Opinions and estimates contained herein constitute Manaos’ judgment and are subject tochange without notice. Manaos shall not be liable for any errors, omissions or opinions contained within this document. This material is notintended as an offer or solicitation for the purchase or sale of any financial instrument. For the avoidance of doubt, any information contained
within this document will not form an agreement between parties. Additional information is available upon request.

The bankfor a changing
world