< PreviousCFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2021/2022 DOWNLOAD THE FILE 23, AVENUE DE NEUILLY 75016 PARIS www.cerea.com Buy-out Mezzanine and Unitranche Private debt CEREA PARTNERS ESG TEAM ESG DUE DILIGENCES DURING THE INVESTMENT STAGE ESG SUPPORT FOR SHAREHOLDINGS QUALITATIVE DESCRIPTION OF THE ESG STRATEGY CLIMATE Since the signing of the PRI in 2010, Cerea Partners has systematically promoted the consideration of ESG issues both within the management company and the companies it supports. A cross-functional ESG manager was appointed for this purpose in 2016. In 2020, Cerea Partners signed the France Invest charter for gender parity. Cerea Partners aims at continuously improving the ESG performance of its investments through a quantified, interactive, pragmatic, and concrete approach : Quantified : communication to all parties of the progress made as measured by its annual survey Interactive : organization of training and awareness promotion for all managers of its shareholdings Pragmatic : partnership with food banks, active search for women for governance bodies of participations Concrete: in 2020, Cerea Private Debt made quantified commitments to increase its ESG impact, and made its first two investments with margins linked to ESG criteria. As a signatory of the International Climate Initiative, Cerea Partners is committed to a long-term approach aimed at reducing greenhouse gas emissions from companies in its portfolio. As early as 2013, Cerea Partner carried out a carbon assessment and trained all of its teams on climate issues, to enable them to more effectively support investments in responding to these issues. As part of the study of investment projects, an ESG assessment is carried out using an internal scoring tool on 100% of the files presented to the committee, regardless of the fund concerned. The performance of an ESG due diligence by an external expert is systematic for equity investments. For debt investments, the ESG assessment is generally based on information provided by the target company and/or on ESG due diligence performed by the reference shareholder. Thanks to its sector specialization, Cerea promotes the implementation of improvements in areas specific to the agrifood value chain, such as nutritional quality or supply chain management, and encourages the implementation of concrete actions such as a partnership with food banks. Through its ESG questionnaire developed with an ESG expert which screens around a hundred indicators (including those recommended by France Invest), Cerea measures and monitors the performance of its investments annually. These observations are summarized in an extensive annual report, communicated to all of its shareholdings and LPs. Cerea Partners discusses ESG progress and climate strategy with its investments throughout the year and at least once a year formally within the governing bodies it attends. This commitment is quasi systematically included in shareholders’ agreements or legal documentations. Contact: vrogard@cerea.com Contact: idautichamp@cerea.com Isaure D’AUTICHAMP Investor Relations & ESG. Valérie ROGARD Secretary General. Michel CHABANEL Président. © PHOTOS : DR AREAS OF EXPERTISE PRI SIGNATORY: YES (2010) ASSETS UNDER MANAGEMENT €1,0BnCFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2021/2022CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2021/2022 DOWNLOAD THE FILE AREAS OF EXPERTISE WINCHESTER HOUSE, 1 GREAT WINCHESTER STREET LONDON EC2N 2DB www.dws.com PRI SIGNATORY: YES (2008) Infrastructure DWS Contact: harold.d-hauteville@dws.com Phone: +44 (20) 754 75698 Contact: lucinda.hearth@dws.com Phone: +44 (20) 754 55472 Contact: olivier.dubost-de-cadalvene@dws.com Phone: +33 (0)1 44 95 59 95 ESG Infrastructure Team Olivier DUBOST de CADALVÈNE Head of DWS France Lucinda HEARTH Head of ESG Strategy, Infrastructure Harold d’HAUTEVILLE Head of Infrastructure Equity, Europe © PHOTOS : DR ESG DUE DILIGENCE DURING THE INVESTMENT PROCESS AND VDD ESG TO SUPPORT PORTFOLIO COMPANIES QUALITATIVE DESCRIPTION OF THE INFRASTRUCTURE ESG STRATEGY ESG is considered at all stages of the infrastructure investment process – from screening to due diligence to the final investment decision. The teams work with internal ESG specialists as well as external specialists where relevant. The ESG review is then documented as part of the recommendation presented to the Investment Committee. All VDDs prepared will include a section on the ESG attributes of an asset, including any ESG strategy implemented throughout the holding period. The team closely monitors the ESG attributes of an asset during the holding period, seeking to add value and mitigate ESG related risks through the implementation of ESG measures, putting strong emphasis on these topics in our portfolio company’s governance. An annual Sustainable and Responsible Investment (SRI) Report is produced addressing the key risk/opportunity areas such as Health & Safety and Security; Community Service; Labour and Diversity Issues; and Environmental Issues. Information on ESG KPIs is reported quarterly by portfolio companies and annually to investors in the SRI report. The team completes the annual Global Real Estate Sustainability Benchmark (GRESB) Infrastructure assessment to benchmark the sustainability performance of the funds and portfolio companies against peers. The team has developed an Environmental and Social Management System (ESMS) to help monitor all aspects of investing/managing our portfolio assets and achieve continuous improvement from an ESG perspective. Within the DWS infrastructure team, we focus on ESG as a key investment driver and it remains a key part of our investment thesis for each opportunity as demonstrated by our most recent acquisitions. For example, we consider how an investment can support the energy transition, the long-term sustainability of the business, and the resilience to climate change in our investment decisions. We believe that ESG considerations can help to mitigate environmental and regulatory risks and establish sustainable infrastructure best practices to add long-term value to the investments we manage. We recognize that ESG and ethical practices are fundamental to the business strategy of the fund, its investors, and key community stakeholders, and we have implemented a Responsible Investment Policy across the investment platform. We regularly engage with all of our portfolio companies on ESG issues, as part of both day-to-day interactions and as a key item on the agenda at board meetings. The DWS business platform was recognized as 2018 Responsible Investor of the Year from Insurance Asset Risk for the second consecutive year and 2017 Asset Manager of the Year (based on ESG capabilities) by Insurance ERM. ASSETS UNDER MANAGEMENT € 820M as of 31 March 2021CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2021/2022CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2021/2022 DOWNLOAD THE FILE EKKIO CAPITAL 7-9, RUE LA BOÉTIE 75008 PARIS www.ekkio.fr ESG DUE DILIGENCES DURING INVESTMENT PROCESS ESG SUPPORT TO PORTFOLIO COMPANIES QUALITATIVE DESCRIPTION OF THE ESG STRATEGY Sectors which are not compatible with Ekkio Capital’ ESG strategy are excluded from the investment process. ESG criteria are included in the investment process thanks to a specific questionnaire. Ekkio Capital’s commitment to ESG stakes is mentioned in all acquisition documents. Ekkio Capital implemented a systematic annual ESG review within portfolio companies with the help of an external and specialized consulting firm. 4 common thematic areas are defined to standardize the ESG reporting between all portfolio companies: environmental footprint, monitoring of suppliers (supply chain), social footprint (human capital) and governance. Each year, areas for improvement in ESG are identified for each portfolio company through a questionnaire on the Reporting 21 platform (192 items). Based on qualitative exchanges with the management, an action plan is built to improve the non-financial performances of each company. The evolution of ESG indicators is monitored over time on each portfolio company and communicated to LPs as part of the ESG reporting. In 2020, Ekkio Capital built a partnership with Great Place to Work in order to strengthen the place of employees and promote well-being at work as a performance lever. Each company in the portfolio will be certified «great place to work», will commit to improving its HR policy to become a better organization and fully integrate this extra-financial dimension into its strategy. Since the application of the Loi Pacte in France, Ekkio Capital has extended the management package to all employees through a capital gain sharing scheme in 3 companies in the portfolio. This agreement will be gradually extended to all the companies. Ekkio Capital maintains strong relationships with its investors on ESG issues and its ESG Charter is signed by all employees. Ekkio Capital is a signatory of the UN Principles for Responsible Investment (PRI) since 2013 with an A rating in 2019, of the ESG Charter of FSI France Investment, of environmental, social and governance principles from France Invest as well as its Parity Charter, and member of its ESG commitee. PRI SIGNATORY: YES (2013) ESG TEAM AREAS OF EXPERTISE LBO Capital growth ASSETS UNDER MANAGEMENT €289M Contact: nbeaugendre@ekkio.fr Phone: +33 (0)1 84 17 16 05 Contact: jbliban@ekkio.fr Phone: +33 (0)1 84 17 16 07 Nicolas BEAUGENDRE Partner. Jean-Baptiste LIBAN Corporate Secretary. © PHOTOS : DR READ THE 2020/2021 EDITION CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2021/2022CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2021/2022 DOWNLOAD THE FILE AREAS OF EXPERTISE 4 QUAI SAINT-ANTOINE CS 60026 – 69289 LYON CEDEX 02 www.evolem.com PRI SIGNATORY: YES Growth capital Buy-out capital Venture capital Real Estate EVOLEM Contact: contact@evolem.com Phone : +33 (0)4 72 68 98 00 ESG TeamRSE Ségolène DE MONTGOLFIER CSR Director EVOLEM Citoyen Victor D’HEROUVILLE Investment manager EVOLEM Magali PAGE Investment manager EVOLEM © PHOTOS : DR ESG DUE DILIGENCES DURING THE INVESTMENT STAGE ESG SUPPORT TO PORTFOLIO COMPANIES QUALITATIVE DESCRIPTION OF THE ESG STRATEGY Considering its identity as a long-term investor, EVOLEM strongly believes that the consideration of environmental, economic, social and governance issues contributes to the well-balanced and sustainable development of the economy, creating value for the company. EVOLEM is therefore committed to developing these issues at each step of its investment process, particularly through environmental and social audits, as well as through the drafting of documents regulating governance principles within its portfolio companies. ESG criteria are also internally studied and analyzed during investment boards and team meetings. As a responsible investor, EVOLEM raises awareness of ESG topics among its portfolio companies, and annually collects certain ESG data, both quantitative and qualitative. Indeed, an annual ESG report has been in place for several years. This report is followed up with a qualitative exchange on ESG issues. These data allow its portfolio companies to share their best practices in order to improve the global performance of the company and to create sustainable value. Since July 2013, EVOLEM has been a signatory of the PRI (Principles of Responsible Investment), which is an international network of investors working together to provide a benchmark on environmental, social and corporate governance (ESG) issues. In a continuous effort to improve ESG reporting efficiency, EVOLEM’s teams participate in exchange workshops organised by the PRI to revise and to improve the questionnaire. Social commitment is at the heart of Bruno ROUSSET’s entrepreneurial vision. Since its creation in 1997, EVOLEM has chosen to place the community at the heart of its actions, in line with the values of its founder. Here are a few examples of this commitment : Fondation Entrepreneurs de la Cité (2006), Groupe Id’ées (2008), EDEN School (2017), l’Entreprise des Possibles (2019), Comptoirs de Campagne (2020). In 2014, Evolem founded the Evolem Citoyen Endowment Fund, which supports projects of general interest for integration and access to employment of young people. In 2020, the endowment fund Domorrow is created by the Rousset family, dedicated to ecological and solidarity-based transition. In 2021, nearly €2M will be allocated to EVOLEM’s philanthropic actions. In January 2021, a CSR Department was created at Evolem to develop CSR actions across all our activities. Specifically, it supports the investment team in the structuring and deployment of its ESG strategy. ASSETS UNDER MANAGEMENT € 850M READ THE 2020/2021 EDITION CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2021/2022CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2021/2022 DOWNLOAD THE FILE FCDE 59, RUE LA BOÉTIE CS 10017 - 75008 PARIS www.fonds-fcde.fr ESG TEAM AREAS OF EXPERTISE PRI SIGNATORY: NO Underperforming deals Complex spin-off / buy-out Transformative consolidation ASSETS UNDER MANAGEMENT ESG DUE DILIGENCES DURING THE INVESTMENT AND DIVESTMENT PROCESSES ESG SUPPORT TO PORTFOLIO COMPANIES QUALITATIVE DESCRIPTION OF THE ESG STRATEGY FCDE will systematically consider the policies addressing environmental, social and governance related issues when making an investment decision. FCDE looks to address these ESG issues appropriately at all stages of the investment cycle. This begins at the due diligence stage and the investment decision point and continues through to the implementation of regular monitoring to ensure consistency with ESG standards. FCDE excludes certain investment sectors for ethical reasons. Within the portfolio companies, FCDE works alongside management to set appropriate ESG objectives with regard to the business and to establish the resulting improvement plans. FCDE has developed a digital ESG questionnaire to measure more than 150 ESG qualitative and quantitative KPIs and their progression within FCDE’s portfolio. FCDE engages with portfolio companies on an annual basis, providing feedback on the ESG analysis / scores after receiving the results of this ESG questionnaire. The Firm has established an ESG Committee comprised of two Partners and an external advisor appointed to oversee FCDE’s ESG approach. The ESG Committee meets annually to monitor, share and coordinate progress on the ESG initiatives and objectives for each portfolio company. ESG is central to the culture of the Firm. FCDE seeks equity stories that are both creating value and are meaningful and useful to society. The Firm looks to achieve sustainable value creation in its portfolio companies by accelerating their transformation and ensuring its durability. In the period 2015-2016, the entire team, organised in project mode, engaged in a reflection process where the ESG policy was formalised. This collective endeavour resulted in principles, procedures and processes that are now being applied to each investment transaction, from due diligence to exit. The ESG approach is managed by a three-person team at the corporate level and by all team members in terms of the investment process and the monitoring of portfolio companies. Since 2020, FCDE reinforced its commitment on the climate change issues and performed in 2021 a full carbon footprint assessment (Scope 1,2 & 3) at both the portfolio level and the Firm level. This provided a starting point for identifying areas of improvements and relevant action plans. FCDE produces a dedicated annual ESG extra financial report which details the ESG analysis and findings for FCDE’portfolio companies. FCDE is committed to promoting ESG values with France Invest, this includes gender equality and compliance with standards in favour or equal pay for women and men. € 400M Contact : charlotte.lepetit@fonds-fcde.fr Contact : rejean.guern@fonds-fcde.fr Contact : jules.bosser@fonds-fcde.fr Ph. : +33 (0)1 80 40 04 65 Jules BOSSER Investment Director Charlotte LEPETIT Partner, Corporate Secretary. Réjean GUERN Partner. © PHOTOS : DR READ THE 2020/2021 EDITION CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2021/2022Next >