Yep. Since TouchID requires a passcode/PIN to be set, the Activesync policy is satisfied.
In general usage the TouchID is fantastic for when your corporate policy requires a passcode/PIN. It makes it very convenient to live with the policy. One thing to note; if you're used to using the sleep/wake button to wake the phone then swipe to unlock and enter your PIN, change over to using the Home button to wake the phone then leave your finger on the Home button for TouchID. Much smoother that way.
My only complaint is that TouchID forces an immediate lock on sleep instead of having a delay available. e.g. you hit the sleep/wake button to sleep the phone before putting it in your shirt pocket as you open a door, it locks immediately instead of letting you just wake the phone in a couple minutes without unlocking it.