< PreviousESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKSUSTAINABILITY TEAM 20, PLACE VENDÔME 75001 PARIS www.ardian.com QUALITATIVE DESCRIPTION ARDIAN ESG is an integral part of Ardian’s investment approach, which is why we have defined three main priorities: DIVERSITY: Inclusion & diversity: we have trained all our managers in diversity issues and we are also engaging with the managers of our portfolio companies to help identify ways they can make their companies more diverse. Profit sharing: at Ardian we have been sharing part of our gains from success- ful exits since 2008 and has since redistributed it to over 31,000 employees in 43 companies. In December 2022, Ardian becomes the first European partner of Ownership Works. Ardian Foundation: promote social mobility by supporting associations that offer educational opportunities to children from disadvantaged backgrounds. CLIMATE TRANSITION: Decarbonizing our activities: measure the carbon footprint of Ardian and its portfolio companies, and set up action plans. Investing in the energy transition: together with FiveT Hydrogen, we have created Hy24, the world’s largest clean hydrogen investment platform. Collaborating with our industry peers: Ardian is a founding member of the Climate Initiative and the OPPEF. MEASURING IMPACT: Improving our team’s skills: In 2023, as part of Ardian’s commitment to cli- mate action, the Sustainability team is organizing dedicated training sessions for all Ardian employees. These provide an understanding of the causes and consequences of climate change, and an opportunity to think collectively about solutions. Tailored ESG roadmaps: we engage actively with the management teams of our portfolio companies to set up individual ESG roadmaps, with deadlines and targets. Ardian Circle: a community of portfolio company executives and managers whose aim is to exchange ideas and reflect on the future of investment. Engaging with our GPs on ESG: for the Secondaries & Primaries business, we survey the managers of the underlying funds each year, to assess their level of ESG expertise. ASSETS UNDER MANAGEMENT $ 150Bn AREAS OF EXPERTISE Private Equity Real Assets Credit PRIORITY VERTICAL SECTORS Energy Renewables Technology, media, telecom Industrials Food and ingredients Healthcare and life sciences Consumer goods and services Financial services Business services E-commerce Software Transport Aerospace & defense Education Office complexes INITIATIVES UNPRI ESG Data Convergence Initiative Ownership Works Initiative Climate International OPPEF TCFD Investor Leadership Network (ILN) ILPA’s Diversity in Action initiative Level 20 France Invest Gender Diversity Charter READ THE 2022/2023 VERSION DOWNLOAD THE FILE READ THE ESG CHARTER Feb 2023 SEE THE ENTIRE TEAMESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKESG GOVERNANCE SOCIAL 1 050+ People ESG AND CLIMATE COMMITTEE COMEX MEMBERS EMPLOYEES 14 Members 9 Women 1 % 31 Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATICMAJORITYOCCASIONAL NEVER ARDIAN ESG BOOK 2023/2024 *as of February 2023 % Integrating ESG objectives into the remuneration of portfolio managers? Integrating ESG objectives into the variable remuneration of investment teams? Is the ESG manager a member of the Investment Committee? Is the percentage of sustainable assets held in the portfolio measured? CLIMATE Are you committed to a Net Zero trajectory for yourself and your portfolio holdings? Do you assess the carbon footprint of your holdings, including scope 3? ASSETS UNDER MANAGEMENT ARTICLE 6 4 FUNDS ARTICLE 8 9 FUNDS ARTICLE 8 1 FUNDS ARTICLE 9 3 FUNDS with sustainable asset share commitment Bn 150 * $ How often are Sustainability Linked Loans implemented on operations? European Union Green Taxonomy Ardian calculates its sustainable assets percentage for its Article 9 and Article 8 funds with sustainable assets commitment OCCASIONAL ESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKEric BRUGUIÈRE Partner Didier GENOUD Partner ESG TEAM ebruguière@ciclad.com + 33 (0)6 10 89 17 94 dgenoud@ciclad.com + 33 (0)6 77 03 09 19 QUALITATIVE DESCRIPTION CICLAD Our sustainability approach involves the whole team. It carries Ciclad’s values and relies on a pragmatic, transparent and rigorous methodology. We use it in order to support all our portfolio’s SMEs and to implement continuous progress in having a positive impact. 15% of the team’s carried interest depend on the extra financial performance of our companies. We have decided to focus on three priorities: (i) increase employee shareholding (ii) develop the feminization of governance bodies (iii) reduce the carbon footprint of our portfolio. Our approach carries Ciclad’s values and history. We have always been committed to ensure the sustainability of French SMEs by supporting their transmission. Ciclad has always prohibited investment in the coal sector. We approach ESG issues in partnership with the managers by discussing with them the economic impacts of taking into account ESG issues in their decision making. We try to unburden them of any undue administrative load. An independent expert meets with each of our companies twice a year. The first time in order to collect data and assess their extra financial performance; the second time in order to report on the results and monitor the implemented actions. As a generalist fund, we must understand the challenges of all economic sectors and often of niche activities. We call on experts on ad-hoc basis, particularly on environmental issues, which often require a scientific approach. The success of our sustainability approach is based on (i) the quality of the diagnoses (ii) the relevance of the action plans to be implemented (iii) the rigor of project monitoring needed for their execution. Ciclad supports our portfolio’s SMEs on each of these aspects. AREAS OF EXPERTISE Transmission: LBO, MBO, OBO, MOBO MBI, BIMBO Financing growth: Capital développement Growth Complex operations : Carve-out Spinoff PRIORITY VERTICAL SECTORS Business Services Industrials Energy & Power Engineering / Construction / Infrastructure Telecom / IT / Technology Media / communication INITIATIVES PRI iCI Label Relance 22 AVENUE FRANKLIN DELANO ROOSEVELT 75008 PARIS www.ciclad.com DOWNLOAD THE FILE *as of June 30, 2022 ASSETS UNDER MANAGEMENT € 400M * SEE THE ENTIRE TEAMESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKARTICLE 8 CICLAD 7 Label Relance ARTICLE 6 2 FUNDS 2 FUNDS Integrating ESG objectives into the remuneration of portfolio managers? Percentage of companies that carry out actions reduce emission into the air, soil and water? ESG GOVERNANCE CLIMATE 21 People ESG TEAMEMPLOYEES 4 Members Percentage of companies implementing initiatives to mitigate their impact on the environment? Do you assess the carbon footprint of your companies ? Percentage of companies implementing environmental initiatives to lower the carbon footprint of its products or services? Does the Carried interest of investment teams include ESG objectives? CICLAD ESG BOOK 2023/2024 Is the ESG manager a member of the Investment ? *as of June 30, 2022 80 % 70 % 75 % 90 % 2 Women COMEX MEMBERS 20 % 30 % 50 % *gender equality in the recruitments since 2012. * M€ 400 * ASSETS UNDER MANAGEMENT SOCIAL Do you set up a value-sharing system within your holdings? SYSTEMATIC MAJORITYOCCASIONAL NEVERESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKNicolas BEAUGENDRE Partner Jean-Baptiste LIBAN General Secretary & Partner nbeaugendre@ekkio.fr + 33 (0)1 84 17 16 05 jbliban@ekkio.fr + 33 (0)1 84 17 16 07 AREAS OF EXPERTISE LBO Development capital Growth PRIORITY VERTICAL SECTORS Health Tourism & Leisure Safety and control Eco-responsibility NITIATIVES PRI (2014) ICI (2023) Partage de la valeur France Invest (2023) QUALITATIVE DESCRIPTION EKKIO CAPITAL Ekkio Capital’s ESG approach is intended to be pragmatic and impactful, like the projects and SMEs we support! We proceed in two steps: 1. Measure and raise awareness: Annual review of ESG indicators to identify major issues (ESG report and report) Scope 1/2/3 carbon footprint with Carbometrix Social report with Great Place to Work 2.Take actions with impact: Systematization of the France Invest value sharing plan Company specific roadmap reviewed annually with qualitative and quantitative targets Great Place to Work certification process for all our companies (2 companies already certified) Calicéo is a company that operates wellness centers. We have focused the roadmap on water, energy and working conditions is- sues, which are the most important for the company, with probing results Implementation of water saving solutions and monitoring software: for example, on the Lyon site, 24% water savings compared to 2019, resulting in a 6% gas savings (158MWh). Reduction in the pool temperature by 2 degrees at night since the end of 2022: 12% gas savings Commitment to societal actions: Partnership with the French Fondation des Femmes, support for various associations against female cancers (Courir pour Elles) and for women’s rights in general. Action in favor of maternity – paternity (reduction of working days, birth grant) ESG TEAM 7-9, RUE LA BOÉTIE 75008 PARIS www.ekkio.com *as of Dec 31, 2022 ASSETS UNDER MANAGEMENT € 300M * READ THE 2022/2023 VERSION DOWNLOAD THE FILE SEE THE ENTIRE TEAMESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKESG GOVERNANCE 16 People ESG AND CLIMATE COMMITTEE COMEX MEMBERS EMPLOYEES 4 Members EKKIO CAPITAL ESG BOOK 2023/2024 *as of Dec 31, 2022 Integrating ESG objectives into the remuneration of portfolio managers? Integrating ESG objectives into the variable remuneration of investment teams? Is the ESG manager a member of the Investment Committee? Is the percentage of sustainable assets held in the portfolio measured? CLIMATE 25 % 0 % Are you committed to a Net Zero trajectory for yourself and your portfolio holdings? Do you assess the carbon footprint of your holdings, including scope 3? ARTICLE 6 FUNDS ARTICLE 8 FUNDS All current funds Fund V which is currently raising M€ 300 * SOCIAL Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATIC MAJORITYOCCASIONAL NEVER Setting of a system sharing of capital gains for all companies Fund IV ASSETS UNDER MANAGEMENTESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKQUALITATIVE DESCRIPTION In 2022, Equistone Partners Europe welcomed three dedicated ESG specia- lists to the firm, embedded in each country’s deal team (United Kindgom, France, DACH/NL). Working closely with the investment team is key to inte- grate ESG considerations in the investment decisions as well as adapt to the local contexts. As part of their role, the ESG managers will provide recommen- dations to advance the Firm and Fund’s ESG strategy and support the invest- ment team throughout the investment lifecycle, from ESG due diligence to driving ESG maturity in the holding period and exit. Equistone announced in 2023 its intentions to set Paris-aligned climate tar- gets and to submit them to the Science-Based Targets initiative. The objec- tives will apply to Equistone’s own operations (Scopes 1 and 2) and to the portfolio’s emissions. Beyond contributing to the global fight against climate change, Equistone is convinced that transitioning businesses to a low carbon business model is source of value creation as it reduces exposure to climate- related risks and supports seizing climate-related opportunities. Equistone will be submitting its targets before 2024. TEAM AREAS OF EXPERTISE LBO PRIORITY VERTICAL SECTORS Industrials Consumer Business services TMT Financials Healthcare INITIATIVES UNPRI (2019) iCI (2018) Sustainability Commission of France Invest (2019) Level20 (2018) SEE THE ENTIRE TEAM *as of Dec 31, 2022 ASSETS UNDER MANAGEMENT € 6,6Bn * DOWNLOAD THE FILE Guillaume JACQUEAU Managing Partner and France Country Head Diane VIGNALOU France ESG Manager guillaume.jacqueau@equistone.fr + 33 (0)1 56 69 43 43 diane.vignalou@equistone.fr + 33 (0)1 56 69 43 43 112 AVENUE KLÉBER 75116 PARIS ONE NEW LUDGATE, 60 LUDGATE HILL, LONDON EC4M 7AW https://www.equistonepe.com/home EQUISTONE PARTNERS EUROPEESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKESG GOVERNANCE CLIMATE 79 People ESG COMMITTEE EMPLOYEES 8 Members 10 % 22 % EQUISTONE PARTNERS EUROPE ESG BOOK 2023/2024 WOMEN ON THE INVESTMENT TEAM ARTICLE 6 FUNDS Equistone Partners Europe VI Equistone is currently defining its climate targets, which will be aligned with the Paris Agreements. The targets will be submitted to the Science-Basted Targets initiative for validation. Equistone strongly recommends that its portfolio companies conduct a carbon footprint as part of its stewardship activities. Indeed, Equistone considers it is a material issue that must be managed as closely as possible to the operations. SOCIAL SYSTEMATICMAJORITYOCCASIONALNEVER Equistone signed the Commitment Charter for Value Sharing of France Invest in 2023 and will apply its requirements on its current and future portfolio. The Charter only applies to French investments. Integrating ESG objectives into the remuneration of portfolio managers? Integrating ESG objectives into the variable remuneration of investment teams? Is the ESG manager a member of the Investment Committee? Are you implementing the France Invest value-sharing scheme within your holdings? Is the percentage of sustainable assets held in the portfolio measured? Are you committed to a Paris-aligned trajectory for yourself and your portfolio holdings? Do you assess the carbon footprint of your holdings, including scope 3 ? *as of Dec 31, 2022 ASSETS UNDER MANAGEMENT Bn 3,6 * € in progress in progress An ESG section is included in all the Investment Committee memos and discussed by the Investment Committee.ESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKASSETS UNDER MANAGEMENT Sophie FLAK Member of the Executive Board, Managing Partner ESG & Digital ESG TEAM esg@eurazeo.com +33 (0)1 44 15 01 11 1 RUE GEORGES BERGER 75017 PARIS www.eurazeo.com AREAS OF EXPERTISE LBO Capital-développement Growth Private Debt Fonds de fonds Impact Venture PRIORITY VERTICAL SECTORS Energy Climate Inclusion Circular economy Health Consumer goods QUALITATIVE DESCRIPTION EURAZEO Managing ESG considerations and integrating them at the core of the business model helps anticipate market trends and identify future-proof companies that create value. This has been Eurazeo’s strongly held belief for nearly 15 years, setting the Group apart as a pioneer with a solid reputation for its ESG performance. In 2020, Eurazeo launched its new ESG strategy named O + , so as to contribute to the emergence of a fairer and more sustainable society. Structured around two flagship commitments, O + binds the Group and its portfolio companies, making it is a significant driver of transformation. CLIMATE: ACHIEVING CARBON NET NEUTRALITY (O) Financing companies that contribute to climate change mitigation and adaptation. Promoting decarbonization at Group and portfolio level to meet the goals of the Paris Agreement (targets validated by SBTi). Championing the safeguarding of planetary boundaries beyond the challenges related to global warming. INCLUSION: FOSTERING A MORE INCLUSIVE SOCIETY (+) Financing companies that contribute to social inclusion with a particular emphasis on the healthcare sector. Promoting diversity, equity and inclusion at Group and portfolio level. Championing equal opportunity through philanthropic projects that foster youth protection and education. The implementation of O + is detailed in Eurazeo’s ESG Policies, available at eurazeo.com. Together, they contribute to the selection, transformation and growth of the underlying companies, and influence Eurazeo’s decision to invest, reinvest or divest. INITIATIVES PRI (2009) SBTi (2020) iCI (2015) - co-founder UN Global Compact (2014) French Business Climate Pledge (2019) One Planet Sovereign Wealth Funds (OPSWF) (2021)… Non exhaustive list. Please refer to Eurazeo’s URD for further detail. SEE THE ENTIRE TEAM READ THE 2022/2023 VERSION DOWNLOAD THE FILE € 35,2Bn * *as of Jun 30, 2023ESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKSYSTEMATIC MAJORITYOCCASIONAL NEVER ARTICLE 9 FUNDS 1 Woman *as of Jun 30, 2023 Integrating ESG objectives into the remuneration of portfolio managers? ESG GOVERNANCE CLIMATE +400 Employees 7 Members 2 % 25 % Integrating ESG objectives into the variable remuneration of investment teams? EURAZEO ESG BOOK 2023/2024 Is the ESG manager a member of the Investment Committee? SOCIAL Is the percentage of sustainable assets held in the portfolio measured? Are you committed to a Net Zero trajectory for yourself and your portfolio holdings? Do you assess the carbon footprint of your holdings, including scope 3 ? ARTICLE 8 FUNDS Eurazeo is committed to achieving carbon net neutrality by 2040 latest € 4.7 Bn (as of 30/06/2023) 13 % Référentiel interne How often are Sustainability Linked Loans implemented on operations? MAJORITY Integrate yourself questions social (diversity, diversity of teams, etc.) in your due diligence questionnaires selection managers? 92% of Eurazeo funds being raised or in the investment phase are classified Article 8 or 9 as per SFDR (as of 30/06/2023, excluding Private Funds Group) 92 % Bn 35,2 *€ ESG TEAMEXECUTIVE BOARD MEMBERS EMPLOYEES ASSETS UNDER MANAGEMENTNext >