< PreviousESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS Donatien NOYELLE CFO Astrid CLOAREC Partner ESG TEAM donatien.noyelle@azuliscapital.fr +33 (0)6 16 76 22 29 astrid.cloarec@azuliscapital.fr +33 (0)6 88 78 14 92 24 RUE ROYALE, 75008 PARIS www.azuliscapital.fr QUALITATIVE DESCRIPTION AZULIS CAPITAL Azulis Capital’s CSR approach has always been led and embodied by the en- tire team. To educate our portfolio companies’ CSR teams with pragmatism and clarity, we proactively and rigorously train ourselves to grasp the evolving CSR standards and challenges. Our CSR approach strives to be both pragmatic and rigorous. We are dedica- ted to providing our affiliates with realistic and actionable strategies tailored to their industry, maturity, and resources. Azulis Capital’s CSR strategy has always been comprehensive, covering both environmental, social and governance issues. With increasing regulatory changes and growing social demands urging us to accelerate on carbon re- duction, we remain committed to not overlook social and governance topics. We are nonetheless currently prioritising decarbonisation initiatives, inclu- ding: The integration in 2023 of an extra-financial data collection tool, enabling our portfolio companies to update their carbon footprint; The launch in 2024 of a mission in collaboration with an independent firm to define and draw decarbonisation roadmaps within 7 selected portfolio companies. We remain actively engaged in addressing social issues, which are major chal- lenges (diversity, value sharing, equity…), as well as governance issues, which are essential to the long-term sustainability of businesses. For instance, we support some of our portfolio companies in settling an employee sharehol- ding fund (FCPE) or in their journey to become a mission-driven company. *as of Dec 31, 2023 AREAS OF EXPERTISE LBO Capital-développement Growth PRIORITY VERTICAL SECTORS Food & Beverage Healthcare Industry Consumer Business Services ASSETS UNDER MANAGEMENT € 385M * DOWNLOAD THE FILE INITIATIVES PRI (2011) ICI (2016) Swen Capital ESG prize for Best Practices Honours (2017) France Invest ESG Charter (2014) France Invest Value Sharing Charter Label relance (2023) Member of the CDC Biodiversity Club (2022) SEE THE ENTIRE TEAMESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS CLIMATE SOCIAL * Measured within the MMF 6 fund as of 31/12/2023 Internal Framework AZULIS CAPITAL ESG BOOK 2024/2025 39 % * 14 People EMPLOYEES 3 Members 2 Women 29 % 28 ,6 % OCCASIONAL ARTICLE 6 2 FUNDS ARTICLE 8 1 FUNDS *as of Dec 31, 2023 MMF IV € 225 M MMF V € 215 M MMF 6 € 280 M 2 commitments: investing at least 35% in companies that are committed to reducing their environmental footprint. investing at least 35% in companies that are committed to improving their social impact. ESG GOVERNANCE ESG COMMITTEE Integrating ESG objectives into the variable remuneration of investment teams? Are the ESG managers members of the Investment Committees? Integrating ESG objectives into the remuneration of portfolio managers? COMEX MEMBERS 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? ASSETS UNDER MANAGEMENT M 385 * € Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATICMAJORITYOCCASIONAL NEVERESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS Eric BRUGUIÈRE Partner ESG TEAM ebruguière@ciclad.com + 33 (0)6 10 89 17 94 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 *as of June 30, 2024 ASSETS UNDER MANAGEMENT € 400M * SEE THE ENTIRE TEAM Annabelle WEPHRE General Secretary, Partner awephre@ciclad.com + 33 (0)6 81 29 83 26 READ THE 2023/2024 VERSION DOWNLOAD THE FILEESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS ARTICLE 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 2024/2025 Is the ESG manager a member of the Investment ? *as of June 30, 2024 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 NEVER 83 % 76 % 83 % 62 % ESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS ASSETS 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 Funds of funds Impact Venture Real assets PRIORITY VERTICAL SECTORS Tech Business Services Specialty Financial Services Healthcare Environmental transition New consumer trends QUALITATIVE DESCRIPTION EURAZEO Managing ESG issues and integrating them at the core of the business model, at every stage of the investment process, is central to ensuring the resilience and performance of the group and financed companies. This has been Eurazeo’s strongly held belief for 15 years, setting the Group apart as a pioneer with a solid reputation for its ESG performance. In 2020, Eurazeo launched a new ESG strategy named O + , in order to contribute to the emergence of a fairer and more sustainable society. Structured around two flagship commitments, O+ projects the Group and its 600 financed companies in a sustainable direction, 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 financed companies, and influence Eurazeo’s decision to invest, reinvest or divest. O + results are presented in the O + progress report. 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) Finance for Biodiversity Pledge (2024) … Non exhaustive list. Please refer to Eurazeo’s URD for further detail. SEE THE ENTIRE TEAM € 35Bn * *as of 31/12/2023 READ THE 2023/2024 VERSION DOWNLOAD THE FILEESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS SYSTEMATIC MAJORITYOCCASIONAL NEVER ARTICLE 9 FUNDS 1 Woman *as of Dec 31, 2023 Integrating ESG objectives into the remuneration of portfolio managers? ESG GOVERNANCE CLIMATE 425 Employees 8 Members 2 % 25 % Integrating ESG objectives into the variable remuneration of investment teams? EURAZEO ESG BOOK 2024/2025 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 € 5.3 Bn (as of 31/12/2023) 15 % Référentiel interne How often are Sustainability Linked Loans implemented on operations? SYSTEMATIC Integrate yourself questions social (diversity, diversity of teams, etc.) in your due diligence questionnaires selection managers? 96% of Eurazeo funds being raised or in the investment phase are classified Article 8 or 9 as per SFDR (as of 31/12/2023, excluding Private Funds Group) Bn 35 *€ ESG TEAMEXECUTIVE BOARD MEMBERS EMPLOYEES ASSETS UNDER MANAGEMENT 96 % ESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS ESG 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, 2024 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 65 READ THE 2023/2024 VERSION DOWNLOAD THE FILEESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS ESG 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 2024/2025 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, 2024 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 2024/2025 I CFNEWS DIGITAL PUBLICATIONS Annabel VÄÄNÄNEN ESG Analyst Samira BOUSSEM CFA, Head of Sustainability ESG TEAM annabel.vaananen@flexstonepartners.com + 33 (0)6 65 82 13 20 samira.boussem@flexstonepartners.com +33 (0) 86 17 01 53 Paris Office 5-7 rue de Monttessuy 75007 Paris - France www.flexstonepartners.com QUALITATIVE DESCRIPTION FLEXSTONE PARTNERS Principle 1 - Aligning with industry best practices and continuously improving our ESG approach: In the beginning of 2024, we reviewed our proprietary ESG assessment framework (in alignment with the ILPA ESG assessment), responsible investment process, and exclusion policy, and formalized our internal controversy management framework. Principle 2 - Having a holistic, global approach to sustainability: Flexstone’s responsible investment process is applied systematically to all prospective investments to manage material ESG risks and opportunities. This includes negative screening of high-risk activities, ESG scoring and due diligence completed by the ESG team , negotiation of side letters with ESG provisions, annual monitoring of 50+ ESG KPIs at GP and portfolio company level, and monitoring of material ESG controversies. Principle 3 – Transparency: To date, we have completed two annual ESG data collection campaigns on Reporting 21 to monitor the ESG performance of our portfolios. In 2023, we also partnered with Weefin and Sweep to improve our ESG data management and reporting capabilities. Our first annual ESG report was published in 2023, and we will continue to report on our progress. Principle 4 - Promotion of DEI: As a signatory of the France Invest Gender Parity Charter, we are committed to achieving time-bound, quantitative objectives, including having women represent 40% of the investment team by 2030. In addition, we joined the ILPA Diversity in Action initiative in 2022 and implemented annual DEI training through the Paradigm Reach platform. Principle 5 – Strong governance around sustainability: Over the last two years, we have continued to build our ESG expertise and resources, notably with the recruitment of our Head of Sustainability, Samira Boussem, in January 2024, and the formalization of our internal Sustainability Committee in 2022 which meets on a quarterly basis to evaluate our ESG priorities, objectives, and progress. Principle 6 - Contribution to international sustainability initiatives: Flexstone seeks to be an active participant in the responsible investing ecosystem by contributing to working groups and consultations. We currently contribute to two iCI working groups, and participated in the PRI in a Changing World workshop in Paris. * side letters negotiated at closing on a best effort basis. 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 Invest Sustainability Commission (2022) € 10.3Bn * *as of March 31 st , 2024 ASSETS UNDER MANAGEMENT READ THE 2023/2024 VERSION DOWNLOAD THE FILE As a responsible investor and a corporate citizen, we believe that it is our responsibility to integrate ESG considerations throughout our investment and corporate activities. Our ESG approach is defined by our six core responsible investing principles:ESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS SYSTEMATIC ESG GOVERNANCE 58 FTEs ESG AND CLIMATE COMMITTEE COMEX MEMBERS EMPLOYEES 2 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 2024/2025 Integrating ESG objectives into the remuneration of portfolio managers? 10 people, lead by Flexstone’s Head of Sustainability, Samira Boussem. The Committee has a representative from each operational team and office, including Flexstone’s CEO and global COO & CFO. ESG 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; In 2023, we partnered with Sweep, a GHG accounting and monitoring tool, to automate the estimation, reporting, and tracking of our corporate and financed GHG emissions as a first step to setting our baseline. We believe that implementing systems to accurately. We will continue to report on our progress on an annual basis. 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 *as of March 31st, 2024 ARTICLE 8 4 FUNDS ASSETS UNDER MANAGEMENT Bn 10.3 *€ MAJORITYOCCASIONAL NEVER 3 % .5Next >