< PreviousESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKSégolène DE MONTGOLFIER CSR Director Julien DE BUSSY Director ESG TEAM sdemontgolfier@evolem.com + 33 (0)7 89 65 95 73 julien.debussy@evolem.com 4 QUAI SAINT-ANTOINE CS 60026 – 69289 LYON CEDEX 02 www.evolem.com AREAS OF EXPERTISE LBO Capital-développement Growth Fonds de fonds Venture PRIORITY VERTICAL SECTORS All sectors QUALITATIVE DESCRIPTION EVOLEM We are committed to a sustainable performance trajectory, a strategy driven by Governance and put into practice through our ESG policy, activity-specific roadmaps, and skills development of teams around these issues (dedicated team + training for all employees and implementation of dual materiality ana- lysis tools). The Engagement Management, responsible for steering this strategy, is a member of the Executive Committee and the Investment Committee. Our ESG policy defines exclusion criteria and specifies how ESG is conside- red throughout the investment cycle (from due diligence to vendor due di- ligence). ESG topics are also monitored and supported during the holding phase: ESG reporting for the entire portfolio, establishment of an RSE (Corpo- rate Social Responsibility) reference community within our holdings, organi- zation of webinars/events (e.g., CFO day on decarbonization/webinar on sus- tainable performance), access to an expert catalog and a toolkit. Regarding our majority holdings: we have conducted ESG assessments. Based on these assessments, roadmaps have been established by the mana- gement, with precise monitoring of action plans (within the framework of regular review points, during board meetings), which are incentivized for the executives (as part of their variable compensation). € 1Bn * *as of Dec 31, 2022 ASSETS UNDER MANAGEMENT READ THE 2022/2023 VERSION DOWNLOAD THE FILE SEE THE ENTIRE TEAMESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOK23 People ESG AND CLIMATE COMMITTEE COMEX MEMBERS EMPLOYEES 3 Members 3 Women 13 % 75 EVOLEM ESG BOOK 2023/2024 % CLIMATE ESG GOVERNANCE 4 members on the CODIR via the profit-sharing contract In progress for our majority shareholdings for majority managers to 2050 Integrating ESG objectives into the variable remuneration of investment teams? Is the ESG manager a member of the Investment Committee? Integrating ESG objectives into the remuneration of portfolio managers? 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 ? SOCIAL Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATIC MAJORITYOCCASIONAL NEVER Within our majority shareholdingsESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKESG TEAM 59, RUE LA BOÉTIE CS 10017 75008 PARIS www.fonds-fcde.fr AREAS OF EXPERTISE Development and transformation of SMEs with a strong growth potential PRIORITY VERTICAL SECTORS All sectors INITIATIVES Label Relance ESG Data Convergence Initiative (EDCI) Charter promoting gender equality in PE QUALITATIVE DESCRIPTION FCDE Sustainability is at the heart of FCDE’s concerns and has been an important part of its strategy as an investor since 2015. FCDE has implemented an ambitious and structured ESG framework based on a comprehensive approach at each stage of the investment process: Investment resctrictions based on sustainability criteria; Pre-investment ESG due diligence, discussions during Investment Committees and set up of dedicated post-investment ESG action plans; Annual ESG Committee to analyse the sustainability performances of the portfolio companies; Annual ESG seminar with the participation of the full FCDE team. Both FCDE and the portfolio companies show a common commitment to ESG and apply a process of continuous improvement with the aim of creating sustainable value. FCDE’s sustainability strategy is based on the priority given to targeted ESG improvements, adapted to the profitability analysis of each portfolio company. In order to encourage portfolio companies to make progress in the area of sustainability and to take into account sustainability risks and PAIs: Annual Sustainability reporting campaign for all portfolio companies which displays areas for improvement; Full carbon footprint (Scope 1, 2 and 3) for all portfolio companies; Calculation of EU Taxonomy eligibility and alignment (SFDR article 8 Fund). RAISED CAPITAL € 675M * SEE THE ENTIRE TEAM *as of June 30, 2023 READ THE 2022/2023 VERSION DOWNLOAD THE FILE Charlotte LEPETIT Partner & Corporate Secretary Réjean GUERN Partner and member of the Executive Board charlotte.lepetit@fonds-fcde.fr +33 (0)1 80 40 04 65 rejean.guern@fonds-fcde.fr +33 (0)1 80 40 04 65ESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKESG GOVERNANCE 14 People EXECUTIVE BOARDEMPLOYEES 3 Members 1 Woman in the Executive Board 1 Woman in the Investment Committee 2 Women are Partners % of women in the team FCDE has put in place an annual ESG Committee comprised of two FCDE Partners with the participation of an appointed advisor specialized in ESG FCDE ESG BOOK 2023/2024 The ESG approach at FCDE is delivered by all investment team members at the portfolio company level and is managed by a three-person team at the corporate level. ESG TEAM 21 % 20 % 20 % 33 % 36 % CLIMATE ARTICLE 6 1 FUND ARTICLE 8 1 FUND Not applicable SOCIAL in progress *as of June 30, 2023 M€ 675 * RAISED CAPITAL 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 ? Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATICMAJORITYOCCASIONAL NEVER Integrating ESG objectives into the remuneration of portfolio managers? Integrating ESG objectives into the variable remuneration of investment teams?ESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKAnnabel VÄÄNÄNEN ESG Analyst Eric DERAM Head of ESG ESG TEAM annabel.vaananen@flexstonepartners.com + 33 (0)6 65 82 13 20 eric.deram@flexstonepartners.com + 41 22 761 7081 Paris Office 5-7 rue de Monttessuy 75007 Paris - France www.flexstonepartners.com QUALITATIVE DESCRIPTION FLEXSTONE PARTNERS At Flexstone, we are committed to integrating sustainability across all of our corporate and investment activities. Flexstone’s ESG strategy is focused on two key objectives: promoting diversity, equity, and inclusion (SDG 5) and climate action (SDG 13). In the past year, we have: Completed Flexstone’s first corporate carbon footprint assessment and identified our most material emissions sources. Published Flexstone’s first ESG report. Joined the ILPA Diversity in Action initiative and the iCI to promote SDG 5 and 13 in private markets, and partnered with non-profits such as the New York Climate Museum. All investment professionals at Flexstone are responsible for systematically assessing material ESG risks and opportunities during the pre-investment and holding period: ESG due diligence is conducted for all investments using Flexstone’s ESG assessment framework; all ESG assessments are reviewed by Flexstone’s ESG Analyst and included in the final IC memo. Management of ESG controversies through exclusion of high risk activities sectors, and negotiation of ESG related provisions in side letters. As of 2022, Flexstone systematically collects ESG data through the Reporting 21 platform and assesses its financed scope 1, 2, and 3 GHG emissions; Flexstone’s annual ESG questionnaire includes 40+ KPIs at GP level and 60+ KPIs at portfolio company level to allow Flexstone to monitor and report on its funds’ ESG performance and progress, with a focus on diversity and climate risk. AREAS OF EXPERTISE Fund of funds Secondary transactions Co-investments PRIORITY VERTICAL SECTORS Generalist strategy INITIATIVES PRI (2015) ICI (2022) France Invest Charte Parité (2020) ILPA Diversity in Action (2022) France Sustainability Commission (2022) READ THE 2022/2023 VERSION DOWNLOAD THE FILE € 10Bn * *as of Dec 31, 2022 ASSETS UNDER MANAGEMENTESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKSYSTEMATIC ESG GOVERNANCE 54 FTEs ESG AND CLIMATE COMMITTEE COMEX MEMBERS EMPLOYEES 1 FTE 0 women Integrating ESG objectives into the variable remuneration of investment teams? Is the ESG manager a member of the Investment Committee? FLEXSTONE PARTNERS ESG BOOK 2023/2024 Integrating ESG objectives into the remuneration of portfolio managers? 7 members, including Flexstone’s Managing Partner and Head of Sustainability Eric Deram, and Annabel Väänänen, Flexstone’s ESG Analyst. Sustainability Committee Is the percentage of sustainable assets held in the portfolio measured? CLIMATE Are you committed to a Net Zero trajectory ? Do you assess the carbon footprint of your holdings, including scope 3? To date, Flexstone does not have a formal Net Zero trajectory; Flexstone seeks to implement a GHG reduction strategy in alignment with the Paris Agreement for its operational carbon footprint. Flexstone does not currently have any financial products that have sustainable investment as their core objective, and therefore does not assess the % of sustainable investments as defined by the EU SFDR. SOCIAL Do you include social issues (diversity, team mix, etc.) in your manager selection due diligence questionnaires ARTICLE 6 15 FUNDS *as of Dec 31, 2022 All of Flexstone’s funds launched before the implementation of the SFDR are classified as Article 6. From the eligible funds in Europe, Flexstone has 15 Article 6 funds / mandates. ARTICLE 8 4 FUNDS ASSETS UNDER MANAGEMENT Bn 10 *€ MAJORITYOCCASIONAL NEVER 11 % ,11ESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKFrançois-Xavier OLIVEAU Partner Transformation Solenne CHEURET Senior Investment Manager ESG TEAM fxo@initiative-finance.com +33 (0)1 56 89 97 00 sch@initiative-finance.com +33 (0)1 56 89 97 00 20, RUE QUENTIN-BAUCHART 75008 PARIS www.initiative-finance.com *as of Dec 31, 2022 QUALITATIVE DESCRIPTION INITIATIVE & FINANCE For Initiative & Finance, including ESG criteria in the investment policy helps to sustain and enhance the value of the companies in its portfolio: improving their risk profile, seizing additional growth opportunities and, ultimately, crea- ting more value. In 2020, Initiative & Finance launched a new fund, «Tomorrow Private Equity Fund 1», with the aim of supporting the environmental transition of French and European SMEs, in terms of both climate change (mitigation and adap- tation) and the preservation of ecosystems (biodiversity, resources, water and pollution). In practical terms, this transition becomes a strategic pillar of the company and is concretely deployed in operations: business model change, develop- ment of sustainable offerings, eco-design, redesign of production and logis- tics chains, circular model, etc. Tomorrow positions as an active partner in all aspects of this transition: strategy, operational priorities, action plans, perfor- mance measurement. This support is provided with dedicated resources, in particular Tomorrow’s Transformation partner and the support of managers who have themselves carried out an environmental transformation. A set of indicators building on the UN SDGs is put in place, monitored and shared with investors. In addition, for all its funds, Initiative & Finance systematically carries out an ESG assessment of companies during the investment phase. In the case of Tomorrow, this assessment deepens all environmental aspects. Once invested, Initiative & Finance supports its holdings in their continuous improvement process and systematically monitors ESG indicators. Particular attention is paid to four specific themes: climate change, training, integration of young people and gender equality. SEE THE ENTIRE TEAM ASSETS UNDER MANAGEMENT € 600M * AREAS OF EXPERTISE Buyout Growth capital Small and Mid Caps (from €2m to €80m tickets, including co-investment) PRIORITY VERTICAL SECTORS All sectors INITIATIVES PRI (2020) France Invest charters (including the Mixité charter) and BPI France READ THE 2022/2023 VERSION DOWNLOAD THE FILEESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKIntegrating 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? ESG GOVERNANCE CLIMATE SOCIAL 23 People ESG AND CLIMATE COMMITTEE COMEX MEMBERS EMPLOYEES 3 Members 1 Woman 13 % 12 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 ? *For Tomorrow, 100% sustainable investments as defined SFDR regulations, including 18% aligned with European Taxonomy Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATICMAJORITYOCCASIONAL NEVER INITIATIVE & FINANCE ESG BOOK 2023/2024 ASSETS UNDER MANAGEMENT 100 % ARTICLE 6 3 FUNDS ARTICLE 9 1 FUND *as of Dec 31, 2022 M 600 * * % ,5 Yes (from the Tomorrow Fund Investment Committee) No (for the SME strategy) for the Tomorrow strategy, subject to approval by the management team for the SME strategy Yes to the Tomorrow strategy Yes (objectives not quantified but integrated into Tomorrow strategy: part of the carried also linked to the achievement of ESG objectives) Yes to the Tomorrow strategy Yes for Tomorrow Initiative & Finance FCPR I : Initiative & Finance FPCI II Initiative & Finance FPCI III Tomorrow Private Equity Fund I €ESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKAnthony DUBUT Managing Partner Pauline ELOY Director pauline.eloy@innovafonds.fr + 33 (0)1 84 79 49 80 anthony.dubut@innovafonds.fr + 33 (0)1 84 79 49 80 ASSETS UNDER MANAGEMENT € 350M * ESG TEAM 19, AVENUE VICTOR HUGO 75016 PARIS www.innovafonds.fr AREAS OF EXPERTISE LBO Capital-développement Flex Equity PRIORITY VERTICAL SECTORS Industrials Industrial services INITIATIVES PRI (2016) ICI (2019) Label Relance (2020) QUALITATIVE DESCRIPTION INNOVAFONDS Our Sustainability approach was established a decade ago and has been en- hanced every year. During the pre-investment phase, we conduct an ESG audit that influences investment decisions. Post-closing, we consistently carry out a carbon footprint assessment (scopes 1, 2, and 3) with an external firm which defines achievable decarbonization plans and trajectories. Our aim is to identify tangible and attainable levers. We will update the carbon footprint upon exit. Annually, we gather ESG KPIs from our investments and implement a sco- ring grid to assess each company. The non-financial reporting is shared with our subscribers and published on our website. We engage ESG discussions with our investments as needed, at least once a year through the Supervisory Board. Our ESG approach is operational, focusing on actions that create value for the company and its ecosystem. Here are some specific examples: Environmental footprint reduction through industrial process modernization, lean manufacturing, eco-design, and renewable energy use; Training and talent management plans to foster team growth and empowerment; Initiatives to enhance employee working conditions and ensure their safety; Balanced governance and value-sharing mechanism; Mechanisms favoring employee access to the company’s capital; External formalization and communication of our ESG policy, strengthening the company’s brand with stakeholders such as clients, suppliers, and employees, etc. SEE THE ENTIRE TEAM *as of Dec 31, 2022 READ THE 2022/2023 VERSION READ THE ESG CHARTER DOWNLOAD THE FILEESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKESG GOVERNANCE CLIMATE SOCIAL 14 People ESG AND CLIMATE COMMITTEE COMEX MEMBERS EMPLOYEES 4 Members 0 Women 28 % 0 % INNOVAFONDS ESG BOOK 2023/2024 ARTICLE 8 3 FUNDS FIT II €120M PC II €55M PM I €100M Integrating ESG objectives into the variable remuneration of investment teams? Is the ESG manager a member of the Investment Committee? Integrating ESG objectives into the remuneration of portfolio managers? 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 ? Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATICMAJORITYOCCASIONAL NEVER ASSETS UNDER MANAGEMENT *as of Dec 31, 2022 M 350 * €Next >