< PreviousESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKPierre-Emmanuel STRUYVEN Managing Partners Marine GLON Investment Director and ESG Manager ESG TEAM 9 RUE DUPHOT 75001 PARIS www.supernovainvest.com QUALITATIVE DESCRIPTION SUPERNOVA INVEST Deeptech start-ups are on a mission to solve critical issues of the 21st century in a wide range of economic sectors such as climate change, energy tran- sition, biodiversity protection, resource scarcity, healthcare, cybersecurity to mention just a few. By combining both the physical and digital worlds, deep- tech opens up new possibilities through a seamless cooperation between fundamental research, applied research and industry. By financing deeptech start ups, Supernova Invest contributes to creating a positive impact on society measured by the contributions to the United Na- tions Sustainable Development Goals (SDGs). Based on its internal assessment of portfolio companies’ contribution to SDGs, confirmed by independent third party review every 2 years, more than 80% of portfolio companies contributes to at least one SDG through their products and services. To complement this analysis, specific ESG due diligence are performed during investment process: check respect of exclusion list, assessment of sustainabi- lity risks and ESG practices to identify actual or potential adverse impacts on sustainability matters, sustainability risks and opportunities, review of actual mitigating activities and potential improvements areas that will need to be addressed in the ESG roadmap. The ESG analysis of investment opportunities is presented to the investment committee for each investment opportunity. If the investment committee de- cides to proceed, an ESG clause is systematically included in the shareholder agreement. Supernova Invest is engaged in a constructive dialogue with portfolio com- panies and supports them in improving their social, environmental and go- vernance practices. ESG performance is monitored once a year per a dedica- ted ESG questionnaire that portfolio companies are requested to report. To encourage progress, each portfolio company receives its ESG score bench- marked with the average score of the portfolio. Supernova Invest ensures that ESG roadmap and performance is on the Board agenda at least once a year. ASSETS UNDER MANAGEMENT AREAS OF EXPERTISE Venture Seed Early and Late Stage Deeptech PRIORITY VERTICAL SECTORS Agro-alimentaire Energie Climat Sante Industrie Digital Tech INITIATIVES PRI (2020) France Invest Charter for growth (2020) France Invest Charter for Gender equality (2020) France Invest Charter for shared value creation (2023) READ THE 2022/2023 VERSION DOWNLOAD THE FILE marine.glon @supernovainvest.com pierre-emmanuel.struyven @supernovainvest.com SEE THE ENTIRE TEAM *as of June 30, 2023 € 655M *ESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKIntegrating ESG objectives into the variable remuneration of partners? Is the ESG manager a member of the Investment Committee? Do you measure the contribution of your portfolio companies to clean energies and sustainable production? ESG GOVERNANCE CLIMATE SOCIAL ESG AND CLIMATE COMMITTEECOMEX MEMBERS EMPLOYEES 1 Women 20 Are you committed to a Net Zero trajectory for yourself and your portfolio holdings? Do you promote eco-innovation within your porfolio companies? Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATICMAJORITYOCCASIONAL NEVER SUPERNOVA INVEST ESG BOOK 2023/2024 ASSETS UNDER MANAGEMENT ARTICLE 6 5 FUNDS ARTICLE 8 3 FUND % CEA investissement Amorçage Technologique Investissement Crédit Agricole Innovation et Territoires Supernova 2 Amundi Avenir Innovation 1 FCPI Amundi Avenir Innovation 3 € 25M Supernova Ambition Industrie € 204M 2023 Supernova Innovation 3 seed, target € 100M 20 employees The ESG committee is responsible for the design of Supernova Invest ESG policy and the monitoring of its implementation. The ESG committee is chaired by the Managing Partner of Supernova Invest, Pierre Emmanuel Struyven, and composed of 2 senior invest- ment directors, Marine Glon and David Hansen, the Chief Financial Officer and a senior ESG advisor IS OUR NEXT TARGET as of June 30, 2023 M 655 * €ESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKIsabelle COMBAREL Deputy CEO, Head of development and ESG icombarel@swen-cp.fr +33 (0)1 40 68 17 17 ESG TEAM 22, RUE VERNIER 75017 PARIS www.swen-cp.fr AREAS OF EXPERTISE LBO Capital-développement Growth Private Debt Fonds de fonds Impact Venture Primary investment and secondary transactions PRIORITY VERTICAL SECTORS Energy Climate All sectors INITIATIVES PRI (2016) Steering Committee of France Invest’s Sustainability Commission, SWEN CP participates in several publications and working groups each year France Invest’s Impact Commission Shareholder of the NEC initiative (2022) (www.nec-initiative.org) Scientific partnership with Ifremer (as part of the Blue Ocean fund) Initiative Climate International Finance for Biodiversity Foundation Institut de la Finance Durable working groups on impact investing and biodiversity QUALITATIVE DESCRIPTION SWEN CAPITAL PARTNERS Pillar 1 - A new mode of governance to fully support the ambition SWEN Capital Partners is setting up a governance structure dedicated to Sus- tainable Finance, through the creation of two new bodies: a specialised Board Committee and an Operational Steering Committee made up of representa- tives from all the company’s business lines. Pillar 2 - A commitment to financial products SWEN CP also takes strong decisions regarding the products it manages, in particular through a commitment to create only funds classified as art 8 or art 9 within the meaning of the SFDR for all new product launches, within its range of institutional funds. Pillar 3 - An ambitious climate and biodiversity policy (SWEN CP’s Nature po- licy was published in June 2023). In particular, SWEN CP undertakes to: In 2023, SWEN Capital Partners published its Sustainable Finance Policy in order to contribute to the emergence of a genuinely sustainable finance. This Sustainable Finance Policy is based on 4 main pillars: Pillar 4 - Supporting its entire ecosystem in this Sustainable Finance trajec- tory. SWEN Capital Partners is committed not only through its investments, but also through the mobilisation of its teams and its ecosystem in order to guide and support its clients, its investments and its partner management compa- nies in a common virtuous path. Be consistent with international frameworks (Paris Agreement and Kunming-Montreal Agreement) and steer its policy at a strategic level (signature of the NZAM, creation of a «Nature Share» which will be based on the 5 pressures on biodiversity identified by the IPBES, NEC indicator). Contribute to the regeneration of ecosystems by integrating nature issues into all its investment decisions. (Carbon and biodiversity footprints, exclusion of coal, oil and fossil gas, Nature scoring of subscribed funds). SEE THE ENTIRE TEAM *as of Dec 31, 2022 READ THE 2022/2023 VERSION DOWNLOAD THE FILE € 7,7Bn * ASSETS UNDER MANAGEMENTESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKARTICLE 9 3 FUNDS ARTICLE 8 2 FUNDS with a minimum proportion of sustainable investments ARTICLE 8 13 FUNDS 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? ESG GOVERNANCE 90 People ESG TEAM MANAGEMENT COMMITTEE EMPLOYEES 9 Members 1 Woman SWEN CAPITAL PARTNERS ESG BOOK 2023/2024 25 % 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? How often are Sustainability Linked Loans implemented on operations? MAJORITY As a signatory of the NZAM since June 2023, SWEN CP will have to submit its reduction targets in the near future. To be noted that the sustainable character of investments is only determined* for investments made by funds that have set themselves a minimum percentage of sustainable investment Yes, we are committed to a trajectory of alignment with the objectives of the Paris Agreement as close as possible to +1.5°C by 2050 *as of Dec 31, 2022 ASSETS UNDER MANAGEMENT Bn 7,7 * € 3 % 10 % Please refer to the definition of sustainable investment presented and detailed in the Sustainable Finance section of SWEN CP’s website: https://www.swen-cp.fr/en/sustainable-finance». SOCIAL Do you include social issues (diversity, team mix, etc.) in your manager selection due diligence questionnaires? SYSTEMATIC MAJORITYOCCASIONAL NEVER 3 % 10 %ESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKASSETS UNDER MANAGEMENT ESG TEAM 32 RUE DE MONCEAU 75008 PARIS www.tikehaucapital.com AREAS OF EXPERTISE Growth Leveraged Buy Out Private Debt Fund of funds Impact PRIORITY VERTICAL SECTORS Aero and Defence Regenerative Agriculture Consumer goods Cybersecurity Decarbonisation Circular economy Energy Real Estate Inclusion Industry Health INITIATIVES PRI (2014) IGCC NZAM (Net Zero Asset Managers) (2021) QUALITATIVE DESCRIPTION TIKEHAU CAPITAL Tikehau Capital’s responsible investment policy covers the full spectrum of responsible investment strategies, from exclusions to the development of sustainability-themed and impact products. ESG integration is at the heart of the Group’s strategy and engagement initiatives are implemented on an ad hoc basis, with the aim of advancing the sustainability journeys of portfolio companies. Our « Sustainability by Design » approach excludes some risky sectors, beha- viours and jurisdictions to protect value, incorporates ESG factors in financial analysis to increase value and allows us to work with management and gover- nance bodies to identify value-creating ESG measures. Informed by scientific reports from the IPCC, the IEA and the work carried out on planetary boundaries, Tikehau Capital has set up a sustainability-themed and impact investing platform to help speed up the necessary transitions. This platform focuses on four themes: (i) decarbonisation, (ii) resilience, (iii) cybersecurity and (iv) nature and biodiversity. By 2025, the Group intends to dedicate €5 billion euros for climate and biodi- versity. CASE STUDY 2022 was marked by the first disposals of our T2 Energy Transition impact fund, notably the investment Rougnon Group (in 2018) which generated a gross IRR of 25%. Rougnon Group provides solutions in technical building trades: air conditioning, heating, electricity, plumbing, roofing, waterproo- fing, insulation, safety and layout. Its teams assist their clients with renovation, maintenance and repair issues. How does Tikehau contribute in terms of ESG? VOIR TOUTE L’ÉQUIPE Supporting the launch of a comprehensive “energy efficiency and performance” commercial offer for residential and commercial buildings. Integration of ESG issues into the variable compensation system for managers. Development of a carbon footprint covering Scope 1, 2 and 3 and a methodology to assess emissions avoided linked to products and services. Benchmark of ESG practices in its competitive universe, with an assessment of priority sustainability issues and the definition of a roadmap. READ THE 2022/2023 VERSION DOWNLOAD THE FILE *as of March 31, 2023 € 39,7Bn * Lindee WONG Director Climate & Biodiversity Laure VILLEPELET Head of ESG & CSR lvillepelet@tikehaucapital.com lwong@tikehaucapital.comESG BOOK 2023/2024 I CFNEWS DIGITAL PUBLICATIONS ESG BOOKCapital Markets Strategies Private Debt Private Equity Real Assets Tactical Strategies Is the percentage of sustainable assets held in the portfolio measured? ESG GOVERNANCE CLIMATE 742 employees ESG AND CLIMATE COMMITTEE COMEX MEMBERS EMPLOYEES 12 members 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? TIKEHAU CAPITAL ESG BOOK 2023/2024 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? common ESG objectives Total amount € +2 700M in private equity, whenever applicable yes as an Impact Committee member for impact deals no otherwise Internal reference framework referring to the European Taxonomy yes for SFDR Article 9 and Article 8 with sustainable investment objectives 2 % *The management of Tikehau Capital is undertaken by its two Managers, AF&Co Management and MCH Management. The Governance and Sustainability Committee noted that, instead of relying on a single Executive Committee for assistance with management decisions, the Managers call on several ad hoc Committees composed of representatives of the Group’s senior management, each specialised in particular fields. Hence, we cannot communicate on a percentage of women at a formal executive committee level. However, at Tikehau Capital level, 4 Deputy Chief Executive Officers of the Group have been appointed: Cécile Cabanis, Thomas Friedberger Frédéric, Giovansili and Henri Marcoux. As a result, there is one woman out of 2 cofounders and 4 deputy CEO. 7 % *as of March 31, 2023 Private Debt Private Equity Real Assets from 2023 ARTICLE 8 FUNDS How often are Sustainability Linked Loans implemented on operations? SYSTEMATIC ASSETS UNDER MANAGEMENT Bn 39,7 * € SOCIAL Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATICMAJORITYOCCASIONAL NEVER with sustainable asset share commitment 17 % * ARTICLE 8 44 FUNDS ARTICLE 9 16 FUNDS (*) Réservé aux abonné(es) RESTEZ CONNECTÉ ! TÉLÉCHARGEZ * L’APPLICATION CFNEWS Transactions LBO M&A IPO Dette Levées de fonds Venture…Next >