< PreviousCFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023DOWNLOAD THE FILE 19, AVENUE VICTOR HUGO 75016 PARIS www.innovafonds.fr Contact: pauline.eloy@innovafonds.fr I clementine.bonvallet@innovafonds.fr I Phone: + 33 (0)1 84 79 49 80 Buyout capital Growth capital INNOVAFONDS Clémentine BONVALLET Administrative Officer. Anthony DUBUT Président. Pauline ELOY Investment Director. © PHOTOS : DR ESG DUE DILIGENCE DURING THE INVESTMENT PHASE ESG SUPPORT FOR INVESTMENTS QUALITATIVE DESCRIPTION OF THE ESG STRATEGY During the investment phase, InnovaFonds identifies the risks and opportunities arising from ESG challenges and integrates them into its investment memorandum. This preliminary analysis influences the investment decision. A carbon assesment is systematically conducted alongside management, in order to raise staff awareness of environmental issues and to implement a regularly monitored action plan. InnovaFonds has an active operating ESG approach to its investments, based on objectives that are adapted specifically to each of them. The ESG thematic at the heart of our investment strategy is discussed as needed and at least once per year with the supervisory board. The investment team monitors the ramp-up of the ESG approach within its investments and monitors its progress: Implementing policies for reducing environmental footprints (e.g., upgrading industrial processes and lean manufacturing) and undertaking eco-design processes; Conducting staff training plans; Enhancing employee working conditions and guaranteeing safety; Ensuring balanced governance and a mechanism for sharing added value; Implementing mechanisms giving employees access to capital. InnovaFonds is a signatory of the France Invest charter (2014) and of the PRIs (2016); it joined the Initiative Climate International (2019) and adheres to France Invest’s gender equality charter to promote diversity (2020). InnovaFonds has formalised its ESG charter since 2015; it is based on environmental protection, occupational health and safety, and professional ethics. Four team members have been appointed to monitor its ESG policy. Since 2016, InnovaFonds publishes an annual Sustainability report, including a rating grid that benchmarks its investments and monitors the portfolio’s impact on the UN’s Sustainable Development Objectives (SDGs). One team-member leads the decarbonization working group of France Invest’s Industry Committee and takes part in two working groups of the Sustainability Committee (decarbonization and climate initiative). PRI SIGNATORY: YES (2016) ESG TEAM ASSETS UNDER MANAGEMENT €300M AREAS OF EXPERTISE READ THE REPORT CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023DOWNLOAD THE FILE ESG TEAM LBO FRANCE AREAS OF EXPERTISE 148, RUE DE L’UNIVERSITÉ 75007 PARIS www.lbofrance.com PRI SIGNATORY: YES (2011) Contact: stanislas.salaundekertanguy@lbofrance.com Phone: + 33 (0)1 40 62 76 05 Small-cap LBO Mid-Market LBO Real Estate Debt & Infra Financing Venture Capital ASSETS UNDER MANAGEMENT 3 € 6 Bn © PHOTO : DR ESG DUE DILIGENCES DURING THE INVESTMENT PROCESS AND VDD ESG SUPPORT TO PORTFOLIO COMPANIES QUALITATIVE DESCRIPTION OF THE ESG STRATEGY LBO France has an exclusion policy, consistently with the company’s values and ethical approach. For all investment strategies, LBO France performs an ESG and climate review prior to each investment. Driven by the investment team, with the assistance of the Head of ESG and of external consultants if needed, this review of ESG risks and opportunities is discussed during investment committees. It serves as the foundation for a tailored, relevant, and practical action plan for each investment. LBO France presents ESG information in exit memoranda and, on a case-by-case basis, considers the opportunity to have an ESG VDD performed by external consultants. LBO France has regular working sessions with the various management teams. The multiannual action plan is monitored regularly at Board level by investment teams with the support of the Head of ESG. LBO France shares regulatory and methodological information on ESG topics as well as ESG best practices with portfolio companies. LBO France drafted an ESG charter in 2011, regularly updated, and has signed both France Invest Charter and France Invest 2020 Charter on gender equality. All employees sign the company’s code of conduct. LBO France’s ESG strategy is steered by an ESG Committee (composed of Board members) and is grounded on the strong commitment of investment teams, who are at the very centre of ESG analysis and decision-making. The ESG strategy is rolled out through all activities (midcap, smallcap, real estate, venture, infrastructure) according to the specificities of each regarding ESG risks and opportunities for value creation. LBO France’s approach as an investment platform entails a richer outlook on ESG and fosters ESG information sharing between activities. LBO France, as early as in 2015, launched a digital health venture activity based on societal contribution. NewStone, a Proptech fund with a similar purpose and the company’s first Article 9 SFDR fund, was launched in 2020. In the same spirit, the company started an investment activity in Africa late 2020. ESG qualitative and quantitative data are included in the management reports to investors. The company publishes an ESG report as of 2022. LBO France is a member of France Invest’s Sustainability and Talent & Diversity Commissions. LBO France won the ESG-Sustainable Development Award at the 2017, 2018 and 2020 Private Equity Magazine Awards. CLIMATE LBO France is a founding member of the “Initiative Climat 2020” (IC20) launched in November 2015 which became “Initiative Climat Intentional” in 2019. The management company has produced its own carbon footprint assessment and monitors its action plan. In its Real Estate activity, LBO France signed the energy efficiency charter for public and private commercial buildings under the “Plan Bâtiment Durable” (sustainable building plan) in October 2016. LBO France has set up VITA, a strategy dedicated to financing the energy and climate transition targeting the markets of Southern Europe, with a primary focus on Italy. LBO France has joined the Equator Principles for this activity. The financing program launched in June 2022 is currently undergoing a certification process according to the Climate Bonds Initiative. READ THE 2020/2021 EDITION Stanislas SALAÜN DE KERTANGUY Head of ESG. READ THE 2021/2022 EDITION READ THE ESG CHARTERCFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023DOWNLOAD THE FILE LFPI GESTION TOUR MAINE MONTPARNASSE 33, AVENUE DU MAINE 75755 PARIS CEDEX www.lfpi.fr Private Equity (Buyout, Growth) Private Debt (Unitranche, Senior debt, Mezzanine) ESG MONITORING IN THE PORTFOLIO COMPANIES ESG DUE DILIGENCE DURING THE INVESTMENT PROCESS LFPI Gestion acts as an active shareholder of its portfolio companies and ensures with the management teams the integration of the sustainability strategy by reporting the evolution of the ESG factors during its monitoring committees. In addition to monitoring ESG indicators, structuring projects are implemented in line with the activities of portfolio companies. LFPI Gestion communicates its ESG approach with its investors by sending them an annual report and providing customized reporting standards as requested. At the exit of an investment, the portfolio company’s ESG improvements and milestones are included in the sale due-diligence materials. A dedicated ESG data room can be set up and the ESG achievements are highlighted during the Management Presentation meetings. LFPI Gestion conducts preliminary analysis and in-depth assessment of ESG criteria throughout the investment due diligence process that identifies the potential ESG material risks and forms a list of excluded investments. These ESG criteria are systematically integrated into the decision-making process of the Investment Committee and an ESG analysis is included in each Investment Committee memorandum. During the closing process of investment, LFPI makes sure that the management team is well aligned with its ESG objectives, policies, and practices and LFPI includes ESG clauses in its legal agreement. © PHOTOS : DR Olivier LANGE Chairman Ermise PEREZ CSR Manager Philippe MORDO CEO Vincent PECENICIC Internal Controller Camille ROUX Head of Investor Relations QUALITATIVE TRACKING OF THE ESG STRATEGY CLIMATE CHANGE LFPI Gestion is committed to being a key player in the transformation and sustainable growth of its portfolio companies and ensures the cooperation of shareholders. Every year, LFPI Gestion collects extra-financial data and analyses the environmental, social, and governance performance of its portfolio companies. LFPI Gestion seeks to identify the potential areas for improvement and provide support to its portfolio companies implement concrete and beneficial ESG projects with them. LFPI Gestion will assist portfolio companies in the development of action plans to become responsible players and contribute to a sustainable economy. LFPI Gestion signed the UNPRI (United Nations Principle of Responsible Investment) in 2012 and is committed to implementing an ESG approach across the management company and its portfolio companies. LFPI Gestion takes part in the AFG (The French Asset Management Association) ESG commission’s initiatives. In 2019, LFPI Gestion joined the ICI (Initiative Climate International), a global group of Private Equity investors committed to limiting the impact of climate change. LFPI Gestion actively contributes to the ICI initiatives and task forces. CONTACT: Camille Roux, Investor Relations: camille.roux@lfpi.fr I Phone: +33 (0)1 41 71 92 00 PRI SIGNATORY: YES (2012) SUSTAINABILITY TEAM AREAS OF EXPERTISE ASSETS UNDER MANAGEMENT $2,5BnCFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023DOWNLOAD THE FILE 3 RUE MARCEL GABRIEL RIVIÈRE 69002 LYON www.merieux-partners.com PRI SIGNATORY: YES (2020) MERIEUX EQUITY PARTNERS ESG DUE DILIGENCE ESG SUPPORT TO PORTFOLIO COMPANIES QUALITATIVE DESCRIPTION OF THE ESG STRATEGY CLIMATE The ESG due diligence consists of linking the activity of the opportunity to the United Nations’ Sustainable Development Goals and establishing an analysis of the risks and opportunities for ESG risk protection and value creation. The risk/opportunity analysis is carried out on the basis of the ESG sector guides of the SASB (Sustainability Accounting Standards Board) and through our discussions with the management of the company in which we are considering an investment. The ESG due-diligence file is presented to the investment committee along with the other due diligence workstreams (financial, fiscal, social, strategic, commercial due-diligence, etc.). If a material ESG subject is identified, a “progress plan” must be developed to resolve the material issue during the ownership period. If a progress plan cannot be created to resolve or mitigate the material ESG issue, then the opportunity is abandoned. This decision is formalized in the minutes of the Investment Committee. In our investment sector, abandonments at this stage of the process are mainly related to governance issues. When applicable, the team relies on different expertise of specific ESG services providers (progress plan, decarbonization,…). Progress Plan: during the first year of the investment period and in partnership with management, a progress plan is established. This progress plan is tailor-made to each portfolio company to ensure most urgent ESG topics are addressed first. This work is based on the risk/opportunity analyses carried out during the ESG due-diligence phase. ESG KPI Reporting: the team prepares annual ESG reporting for each of the funds launched since 2018. This reporting includes standard quantitative indicators as well as best practices at the level of the portfolio companies. Our new GBO fund, Mérieux Participations 4 SLP, is classified as article 8 according SFDR regulation and consequently we promote sustainability in our investment strategy which implies the collection of more KPIs and an in-depth follow-up of this topics at board level and by our managing partners. Based on the KPI annually collected, MxEP introduced a scoring system for the most relevant ESG topics impacting GBO companies. Material ESG Incident Reporting: the team has set up an internal system for collecting and reporting material ESG incidents i.e. any event that could have a material impact on the investment and/or its shareholders, in particular but not exclusively in terms of public health, the environment, labor law disputes or business ethics. ESG is at the heart of Mérieux Equity Partners’s DNA, as we invest exclusively in healthcare and nutrition, and thus UN goals number 3 (healthcare and well-being) and 12 (sustainable consumption and production) are our main areas of focus. At management company level, the variable remuneration of executive committee members includes a significant share depending on the achievements of ESG objectives. Mérieux Equity Partners is member of the Internationale Climate initiative since early 2022. AREAS OF EXPERTISE Buyout Growth Venture capital Co-investment SUSTAINABILITY TEAM: ASSETS UNDER MANAGEMENT €1,1Bn Contacts: christine.demode@merieux-partners.com caroline.folleas@merieux-partners.com jacques.baudoin@merieux-partners.com Jacques BAUDOIN Finance manager Christine DEMODE President Caroline FOLLEAS Partner © PHOTOS : DR France Invest: signatory of the Charter for growth in 2018, and signatory of the charter for Gender Equality in 2021 Level 20: sponsor of Level 2020 since 2021 - iCI: member of the International Climate initiative since 2022 as of June 2022CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023CFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023DOWNLOAD THE FILE NAXICAP PARTNERS AREAS OF EXPERTISE 5/7 RUE DE MONTTESSUY 75007 PARIS www.naxicap.com PRI SIGNATORY: YES (2016) LBO mid cap Growth capital ESG TEAM ASSETS UNDER MANAGEMENT € 5,8Bn ESG DUE DILIGENCE IN THE INVESTMENT PHASE AND VDD ESG MONITORING ESG STRATEGY CLIMATE The analysis of ESG issues is ajusted to the characteristics of the target company (size, sector, business model, majority or minority investment). Since 2015, our teams identify main ESG risks and opportunities before each investment. As a signatory of the International Climate Initiative, the analysis also includes a review of climate-related stakes. For majority investments, this work is completed by an ESG audit, including detailed short and medium-term recommendations. The results are presented in the investment memo and discussed during investment committee. An ESG clause is included in shareholder agreements; companies undertake to provide ESG information every year and to regularly inform the Supervisory Board of actions undertaken. Since 2017, an ESG VDD is produced on any exit project also subject to a financial VDD. Naxicap is committed to supporting portfolio companies in the integration of ESG topics. Our teams build and formalise ESG commitments and action plans with portfolio companies’ management. The ESG roadmap is discussed and evaluated at least once a year by the Supervisory Board of portfolio companies. Naxicap has set up a CSR committee to assess the progress conducted on the ESG roadmaps, the risks and opportunities identified and the need for support. Naxicap uses an online ESG reporting tool to monitor 160 ESG indicators for our majority investments and 30 indicators for our minority investments. Since 2015, Naxicap has adopted a set of procedures, which application is monitored by its Middle Office, integrating the main ESG issues throughout the investment cycle. Naxicap is committed to supporting portfolio companies in a continuous improvement approach of their ESG performance. Naxicap has published its ESG policy and produces annual ESG reports for investors. Naxicap raises awareness among its employees through training sessions led by the ESG team and external ESG experts. Naxicap is committed to progressively reducing the carbon emissions of its portfolio companies for which this issue is material, by signing the IC International Charter in 2016. Naxicap has integrated new indicators into its annual ESG questionnaire to estimate the scope 1, 2 & 3 emissions of its portfolio companies and build a reduction plan as well as a low carbon trajectory. Héloïse SERVETTAZ ESG Analyst. Joanna TIRBAKH ESG Director. Hervé CHUNG ESG Analyst. © PHOTOS : DR Contact: joanna.tirbakh@naxicap.com Phone: +33 (0)1 84 79 72 34 herve.chung@naxicap.com Phone: +33 (0)1 84 79 72 59 heloise.servettaz@naxicap.com Phone: +33 (0)1 84 79 72 08 READ THE 2021/2022 EDITIONCFNEWS DIGITAL PUBLICATIONS - ANNUAIRE ESG 2022/2023 Naxicap Partners is deeply convinced by the positive impact of the sustainable growth of its portfolio companies. We consider that a long-term and ethical approach to investment is a key driver of the companies’ expansion and is generator of value. Naxicap highly values and encourages business initiatives for reducing environmental impact, improving internal processes in order to reduce operational risks and implementing actions in favor of balanced governance. We are committed to sustain responsible initiatives by working with our staff, our investors, our portfolio companies and their employees. Naxicap Partners, subsidiary of Natixis Investment Management, has € 5.8 billion of assets under management and gathers 95 professionals, spread over 5 offices: Paris, Lyon, Nantes, Toulouse and Frankfurt. We mainly operate in France, Benelux, Germany and Spain. Data as of 31/12/2021 OWN BEHALF (BPCE Group) 28% THIRD PARTIES 72% OUR INVESTORS Signatory of: Naxicap Partners is a French private equity firm, operating in all sectors, focusing on majority LBO operations with an investment horizon between 5 and 7 years. We invest in growing companies, with strong and committed management, to finance ambitious development projects. Together with the management teams, we invest in a long-term business strategy based on trust and respect. www.naxicap.comNext >