< PreviousCFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023DOWNLOAD THE FILE AREAS OF EXPERTISE 4 QUAI SAINT-ANTOINE CS 60026 – 69289 LYON CEDEX 02 www.evolem.com PRI SIGNATORY: NO Growth capital Buy-out capital Venture capital Real Estate EVOLEM Contact: contact@evolem.com Phone: +33 (0)4 72 68 98 00 ESG TEAM ESG DUE DILIGENCE DURING THE INVESTMENT PHASE ESG SUPPORT FOR PARTICIPATIONS QUALITATIVE DESCRIPTION OF THE ESG STRATEGY During the selection of investment opportunities : checking against the excluded activities list and first executive screening. An ESG risque analysis (sectorial risk matrix/pre-acquisition checklist/interview with the manager) is carried out for all new EVOLEM investments. This analysis is performed internally by the investment team with the support of the CSR team. Depending on the risks identified and their level, an ESG audit may be conducted before the investment decision. At the very least, these risks are examined in the context of discussions with the management team (ESG Q&A). The ESG analysis elements are presented during the investment committees and taken into account in the investment decision. For our majority participations : ESG diagnosis established to build a roadmap with the manager based on this diagnosis. This roadmap is regularly monitored by the investment team + one Strategic Committee per year dedicated to ESG issues. Managers are incentivized on this roadmap. In addition to individual monitoring of each participation, collective support time is offered (webinars, training) but also tools made available. As of 2023, a network of « CSR ambassadors » will be set up to lead the approach and encourage the exchange of best practices. Our ESG strategy is based on 4 main principles: Best-effort, tailor-made, sustainable and specific performance (we implement ESG processes specifically for each of our activities). All management and investment teams are professionally trained in ESG issues. ESG performance counts for 50% in the profit sharing scheme for the team as a whole. ESG is at the heart of EVOLEM’s strategy, this approach is supported by the Governance. It operates across the board: investment, real estate and philanthropy (3 areas of intervention via 3 endowment funds). The CSR Director leads an ESG COPIL on the investment section, and quarterly ESG reviews are carried out with the CFO and the Real Estate Department. ASSETS UNDER MANAGEMENT € 850M Ségolène DE MONTGOLFIER CSR Director CODIR and IC member Sandrine ESCALEIRA Managing Partner CODIR and IC member Ulysse LAROCHE Investment Manager © PHOTOS : DR READ THE 2021/2022 EDITIONCFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023DOWNLOAD 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 READ THE 2021/2022 EDITIONCFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023DOWNLOAD THE FILE FLEXSTONE PARTNERS ESG INTEGRATION IN THE INVESTMENT PROCESS CUSTOM ESG ROADMAPS & REPORTS CLIMATE CORPORATE SUSTAINABILITY STRATEGY AREAS OF EXPERTISE ESG factors are integrated systematically at every step of the investment process through the following steps: (i) negative screening; (ii) in-depth ESG due diligence and scoring using Flexstone’s proprietary ESG assessment framework; (iii) negotiation of contractual ESG clauses in Side Letters; (iv) monitoring of ESG KPIs through the Reporting 21 platform; and, (v) transparent ESG reporting in alignment with international disclosure frameworks. Material ESG risks are actively managed through ESG due diligence, periodic controls conducted by compliance, active monitoring of investments and engagement with GPs, and divestment (as a last resort). Flexstone seeks to have all new eligible comingled funds classified as Article 8 or Article 9 under the SFDR as of 2022. Flexstone’s annual ESG data collection campaign was launched in 2022, with the objective of improving the investment team’s ability to monitor, analyse, and report on the ESG performance of GPs, portfolio companies, and co-investments in alignment with regulatory frameworks such as the SFDR. By leveraging the Reporting 21 data base, Flexstone is able to produce dedicated sustainability reports and scorecards, monitor GP and portfolio company progress towards their sustainability targets, and better answer clients’ sustainability-related requests. Flexstone became a Signatory of Initiative Climat International in March 2022 and is a part of the Climate Risk Training working group which develops training materials for GPs and LPs. Flexstone is in the process of conducting its first carbon assessment at corporate and fund level in order to identify the most effective actions for reducing the firm’s global carbon footprint. Flexstone is committed to formalizing a science-based net zero target in alignment with the objectives of the Paris Agreement. Progress towards the set GHG reduction targets will be reported on an annual basis. 5/7 RUE DE MONTTESSUY 75007 PARIS www.flexstonepartners.com PRI SIGNATORY: YES (2015) Flexstone updated the Firm’s Corporate Sustainability Policy and Sustainable Investment Policy in 2021 and formalized an internal Sustainability Committee. Flexstone will publish its first annual ESG report at the end of 2022. In 2021, Flexstone partnered with Sirsa, a consulting firm focused on sustainable transformation, to develop and implement the Firm’s global sustainability strategy. As a Signatory of the France Invest Gender Equality charter, Flexstone is committed to a set of quantitative targets, including having women make up 40% of investment team by 2040 and 35% of the Investment Committee by 2035. In 2020, Flexstone employees selected four SDGs to guide our actions as a corporate citizen (SDG 4, 5, 8, and 13). Flexstone commits annually to support non-profit organizations that work towards these objectives and has dedicated one working day per year to work with a local association or dedicated project. Contact: eric.deram@flexstonepartners.com Contact: annabel.vaananen@flexstonepartners.com Fund commitments Secondary transactions Co-investments ESG TEAM Eric DERAM Managing Partner. Annabel VAANANEN Sustainability Analyst. © PHOTOS : DR ASSETS UNDER MANAGEMENT $9.6Bn Initiative Climat International (February 2022), France Invest ESG Commission (January 2022), France Invest sponsored Gender Equality Charter (2020)CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023DOWNLOAD THE FILE IDIA CAPITAL INVESTISSEMENT AREAS OF EXPERTISE 12 PLACE DES ÉTATS-UNIS 92127 MONTROUGE CEDEX www.ca-idia.com PRI SIGNATORY: YES Growth Capital Buyout Capital Reclassification of Shares €2Bn ESG TEAM ASSETS UNDER MANAGEMENT as of 12/31/2022 ESG DUE DILIGENCES DURING THE INVESTMENT PROCESS ESG SUPPORT TO PORTFOLIO COMPANIES QUALITATIVE DESCRIPTION OF THE ESG STRATEGY An ESG matrix to evaluate the target company’s level of maturity and commitment with respect to key ESG issues is integrated into the review process for each investment file. Annual ESG reporting campaign offered to all portfolio companies in order to assess ESG issues, identify and promote best practices already in place and define ways to improve their extra-financial performance. If necessary, specific support on specific ESG issues is provided to portfolio companies. Exchanges with management on CSR issues within the governance bodies at least once a year. Steering of the ESG strategy by an ESG team, in close collaboration with an ESG committee (including the CEO and the managing directors). Drafting of an annual ESG report. Inclusion of ESG criteria in the investment process and in the long-term monitoring of portfolio companies managed: ESG matrix in investment process, insertion of a CSR paragraph in shareholder agreements, annual ESG reporting campaign offered to all portfolio companies, specific support for some portfolio companies. Continuous training of investor teams and involvement of IDIA Cl’s teams in helping portfolio companies take actions to address their CSR issues. Launch in 2019 of the “CATransitions” fund, the first proprietary investment fund dedicated to energy, agriculture and agri-food transitions (agri-food companies in transition to more sustainable ways of production, energy transition companies, and younger companies offering innovative solutions to accelerate the transition of the agricultural and agri-food sectors) and partly certified by the Greenfin label. Launch in 2021 of the “Développement Filière Bois” fund dedicated to small and medium companies in the entire value chain of the “Wood” sector (processing, construction, energy production, etc.) and certified by the Greenfin and Relance labels. ESG VENDOR DUE DILIGENCES IDIA CI does not use ESG vendor due diligence. © PHOTOS : DR Contact: benedicte.daligny@ca-idia.com melissa.rakkah@ca-idia.com felix.devidas@ca-idia.com Félix DE VIDAS ESG Analyst. Bénédicte D’ALIGNY ESG Director and Investor Relations. Mélissa RAKKAH ESG Analyst. Phone: +33 (0)1 43 23 79 99 +33 (0)6 03 07 55 61 Phone: +33 (0)1 43 23 16 83 +33 (0)6 15 76 36 32 Phone: +33 (0)1 43 23 40 97 +33 (0)6 13 22 56 98 READ THE 2021/2022 EDITIONCFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023DOWNLOAD THE FILE ESG DUE DILIGENCES DURING INVESTMENT PROCESS ESG SUPPORT TO PORTFOLIO COMPANIES ESG VENDOR DUE DILIGENCES QUALITATIVE DESCRIPTION OF THE ESG STRATEGY In 2020, with the launch of a new strategy « Tomorrow Private Equity Fund », focused on French and European medium-sized companies integrating the environmental transition and the SDGs in the evolution of their business model, the company has strengthened its ESG approach for all its activities. The company systematically conducts an ESG assessment of its targets during the investment phase, adapted to their activity and characteristics. For Tomorrow’s targets, this assessment is more advanced on environmental aspects. Initiative & Finance accompanies its portfolio companies in their continuous improvement process, by regularly exchanging on ESG assessments and monitoring of indicators. To further its Responsible Investor approach, Initiative & Finance has selected specific themes which are climate change, training, youth integration as well as gender diversity and equality, to which it wishes to pay particular attention. In addition, our fund « Tomorrow » has dedicated resources to support the transformation process of portfolio companies, providing them especially with expertise, methodological support and an exhaustive set of non-financial indicators. On a case-by-case basis Initiative & Finance’s values are based on loyalty, simplicity, conviction and the collective. The company is a signatory of the France Invest charters. It is also one of the first signatories of the France Invest Charter for Gender Equality. Similarly, Initiative & Finance is a signatory of the PRI. Initiative & Finance is sensitive to ESG issues in the structuring and management of its operations. In 2020, the company updated and strengthened the charter defining the integration of ESG components in its investment policy and approach, formalized in 2015. In 2020, the company launched Tomorrow, a new strategy focused on French and European companies, actively integrating the environmental transition and the SDGs in the evolution of their business model, their organization and their production methods. A specific methodology based on an impact approach has been developed for this fund. PRI SIGNATORY: YES ESG TEAM AREAS OF EXPERTISE ASSETS UNDER MANAGEMENT €600M READ THE 2020/2021 EDITION 20 RUE QUENTIN-BAUCHART 75008 PARIS www.initiative-finance.com INITIATIVE & FINANCE Buyouts Growth capital Small and Mid Caps (SMEs for tickets from €2m to €50 m, and more with coinvestment) © PHOTOS : DR Contact: ap@initiative-finance.com I am@initiative-finance.com I fxo@initiative-finance.com François-Xavier OLIVEAU Transformation Partner. Aline PALASI General Secretary. Arnaud MENDELSOHN Partner. Phone: +33 (0)1 56 89 97 00 READ THE 2021/2022 EDITIONCFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023Next >