< PreviousESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS Anthony 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 € 500M * 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) 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 and fulfill a climate questionnaire 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 June 30, 2024 READ THE 2023/2024 VERSION READ THE ESG CHARTER DOWNLOAD THE FILEESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS ESG GOVERNANCE CLIMATE SOCIAL 16 People ESG AND CLIMATE COMMITTEE COMEX MEMBERS EMPLOYEES 4 Members 0 Women 25 % 0 % INNOVAFONDS ESG BOOK 2024/2025 ARTICLE 8 4 FUNDS FIT III €200M 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 June 30, 2024 M 500 * €ESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS € 6Bn * Coralie DE MAESSCHALCK Partner, Head of CSR & ESG Ilham ANSRIOU ESG Analyst ESG TEAM coralie.demaesschalck@kartesia.com +32 (0)2 588 73 37 Ilham.Ansriou@kartesia.com +32 (0)2 898 19 72 8 - 10 RUE LAMENNAIS 75008 PARIS www.kartesia.com AREAS OF EXPERTISE Private Debt Structured Credit Lower Mid-Market Impact Fund Sponsorless / Flex PRIORITY VERTICAL SECTORS Business services Healthcare IT & Telecom Industrials Industry agnostic INITIATIVES PRI (2014) ELFA (2022) France Invest (2023) TCFD alignment (2023)) Kartesia Philanthropy (2023) *as of 31/03/2024 QUALITATIVE DESCRIPTION KARTESIA Deal origination At Kartesia, as part of our Sustainability policy, we do not invest in companies covered by our sector exclusion list. We also have a separate list of activities that we may invest in, but which are highly sensitive so that will only be done with critical examination. To be up to date with all ESG changes, specific trainings and updates are given to the investment team on a regular basis. Due Diligence Our investment team performs an ESG analysis and allocates an ESG risk scoring for all the deals entering our pipeline. A detailed ESG due diligence questionnaire, which is regularly updated based on regulation evolutions, is filled in for all deals. Our ESG questionnaires are adapted to the type of investment: article 8 loan deals, article 9 loan deals, CLOs Investment holding We deploy our active engagement policy with most of our portfolio compa- nies, which enables us to support them in their ESG journey. Our ESG due dili- gence questionnaire is filled in by all the portfolio companies on an annual ba- sis. We extract KPIs from that questionnaire, and regularly monitor and track ESG performance of those companies. We assess the annual carbon footprint of all our holdings with the help of an external service provider. We share the main ESG & SFDR KPIs consolidated at fund level with our LPs in our quarterly reports, and also annually in our Sustainability Report. We operationalise ESG within Kartesia, meaning all staff members need to take responsibility for our values. For us, it is about fully integrating ESG into the organisation, not treating it as a separate department or a marketing tool. We have a centralised department, but everyone is doing the job. We have clear ESG procedures and training for the whole Kartesia team. ASSETS UNDER MANAGEMENT READ THE 2023/2024 VERSION DOWNLOAD THE FILEESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS Is the percentage of sustainable assets held in the portfolio measured? ESG GOVERNANCE CLIMATE SOCIAL 88 People ESG AND CLIMATE COMMITTEE COMEX MEMBERS EMPLOYEES 2 Members 3 Women 21 % Do you assess the carbon footprint of the management company and set up reduction targets? Do you assess the carbon footprint of your holdings, including scope 3 ? Integrating ESG objectives into the variable remuneration of investment teams? Is the ESG manager a member of the Investment Committee? KARTESIA ESG BOOK 2024/2025 Integrating ESG objectives into the remuneration of portfolio managers? How often are Sustainability Linked Loans implemented on operations? SYSTEMATIC OCCASIONAL 2 % ,3 2 % *currently being raised * Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATICMAJORITYOCCASIONAL NEVER for our impact strategy for our impact strategy for our strategies KCO and KSO 0.1bn€ 0.1bn€ 5.6bn€ ARTICLE 6 1 FUND ARTICLE 8 6 FUNDS ARTICLE 9 1 FUND *as of 31/03/2024 ASSETS UNDER MANAGEMENT Bn 6 *€ESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS ASSETS UNDER MANAGEMENT 3 Md€ ESG TEAM 148 RUE DE L’UNIVERSITÉ 75007 - PARIS www.lbofrance.com/en AREAS OF EXPERTISE Private Equity Real Estate Venture Public equity PRIORITY VERTICAL SECTORS All sectors Digital Health Proptech INITIATIVES PRI (2011) ICI (2016, founding member) France Invest Parity Charter (2020) and Value-sharing Charter (2023) Sustainable Building Plan (2017) QUALITATIVE DESCRIPTION LBO FRANCE SEE THE ENTIRE TEAM Following the appointment of Stéphanie Casciola as CEO in June 2022, LBO France has thoroughly renewed its ESG and climate ambition. For LBO France, ESG and climate issues are key to value creation and lie at the heart of the investment approach. A high-level ESG and climate committee has been tasked with the strategic piloting of LBO France’s approach which operationally implements a fundamental principle: investment teams are at the center of ESG and climate action, throughout the investment cycle. Through a collaborative approach with operational teams and with the Head of ESG, LBO France’s investment teams perform ESG and climate analysis and implement action plan at the level of portfolio companies and assets. In 2023, LBO France has considerably ramped up its engagement with portfolio com- panies on climate themes. We provided resources and advice to help them perform their carbon footprints (Scopes 1, 2 and 3) and start emissions reduc- tion trajectories. LBO France’s platform strategy has been a differentiating factor for 20 years, combining investment experience with strong expertise on themes that pro- vide a societal impact such as digital health and Proptech. These are privileged vectors of LBO France’s ESG and climate ambition. The recent developments of the platform are fully integrated to LBO France’s ESG and climate approach, as evidenced by the awarding of the French SRI label to Public equity funds at the end of 2022 and the structuring of investment activities in Africa around impact themes. *As of 31/12/2023. Perimeter: LBO France and its subsidiaries. Total committment during the investment period, NAV post-investment periot Stanislas DE KERTANGUY Head of ESG stanislas.salaundekertanguy@lbofrance.com +33 (0)1 40 62 76 05 READ THE 2023/2024 VERSION READ THE ESG CHARTER DOWNLOAD THE FILEESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS including White Knight IX (Mid market), Small Caps Opportunities 2 (Small Caps) DH2 (Venture digital health) Is the percentage of sustainable assets held in the portfolio measured? ESG GOVERNANCE CLIMATE SOCIAL 64 People ESG TEAMBOARD MEMBERS EMPLOYEES 1 Head of ESG full-time 3 Women 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? *as of Dec 31, 2023 Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATIC MAJORITYOCCASIONALNEVER LBO FRANCE ESG BOOK 2024/2025 ASSETS UNDER MANAGEMENT ARTICLE 6 31 FUNDS ARTICLE 8 29 FUNDS We will systematically implement a value sharing framework aligned with France Invest recommendations for our next Midcap fund. 21% CUM 77% CUM * 38 % Integrating ESG objectives into the remuneration of portfolio managers? Integrating ESG objectives into the variable remuneration of investment teams? Does the ESG manager participate to the Investment Committee? ARTICLE 9 1 FUNDS 2 % NewStone sustainable investment criteria: contribution to the environmental and social transition of the real estate sector CUM 2% CUM NewStone LBO FRANCE ONLY 2 % ESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS Ladislas SMIA Head of Sustainability DEDICATED ESG TEAM ls@mbo.plus +33 (0)6 42 78 40 21 7 RUE COPERNIC 75116 PARIS www.mbo.plus AREAS OF EXPERTISE LBO Capital-développement Growth Private Debt PRIORITY VERTICAL SECTORS All sectors INITIATIVES PRI (2013) iCI (2015) Charte Diversité France Invest (2020) UN Global Compact (2023) QUALITATIVE DESCRIPTION Exposure to solution providers. Redirecting capital flows towards a more sus- tainable economy is essential if we are to achieve the sustainable development goals. As an active investor, we aim to accelerate the growth of companies offe- ring solutions to environmental and social challenges, thereby increasing their positive impact. ESG transformation of companies. MBO leverages its close relationships with companies to improve their environmental and social practices. Our transforma- tion plans target improvements across the entire value chain, from the extrac- tion of raw materials to the end-of-life of products. High ESG standards. Before investing, we systematically carry out ESG due dili- gence to avoid supporting activities with a negative impact while limiting our exposure to activities that could be seriously disrupted by ongoing environmen- tal and social transformations. Our responsible investment strategy is based on three pillars. This approach, supported by all our teams, enables us to contribute to the emer- gence of a more positive economy, while improving the way we take ESG risks and opportunities into account in our investments. *as of July 31, 2024 ASSETS UNDER MANAGEMENT MBO+ More information about our ESG approach can be found at: https://mbo.plus/impact/ € 1Bn * READ THE 2023/2024 VERSION DOWNLOAD THE FILEESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS ARTICLE 8 1 FUNDS MBO Capital 5 (2021) ARTICLE 6 1 FUNDS ARTICLE 8 2 FUNDS MBO Capital 4 (2017) MBO Flex 1 and MBO Continuation (2024) without investment sustainable objective with investment sustainable objective Is the percentage of sustainable assets held in the portfolio measured? ESG GOVERNANCE CLIMATE 30 People DEDICATED ESG TEAM COMEX MEMBERS EMPLOYEES 2 Members 2 Women 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 ? MBO+ ESG BOOK 2024/2025 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? Référentiel interne : https://mbo.plus/impact/ How often are Sustainability Linked Loans implemented on operations? SYSTEMATIC Although MBO+ has not yet formalised a Net Zero approach, we seek to encourage the development of products and services that reduce green- house gas emissions, and we engage with all our portfolio companies to improve their climate performance. ASSETS UNDER MANAGEMENT *as of July 31, 2024 SOCIAL Are you implementing the value-sharing scheme within your holdings? SYSTEMATICMAJORITYOCCASIONAL NEVER 20 77 % % Bn 1 * € 3 %ESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS Sarah MATHIEU-COMTOIS Sustainability Director Cristel EBROUSSARD Human Capital Director ESG TEAM smathieu-comtois@meanings.com +33 (0)6 47 50 99 00 cebroussard@meanings.com +33 (0)7 72 18 28 14 12 ROND POINT DES CHAMPS-ELYSÉES 75008 PARIS www.meanings.com QUALITATIVE DESCRIPTION MEANINGS CAPITAL PARTNERS In a constantly evolving world where the fundamentals of the economy are shifting and new drivers of success are emerging, Meanings Capital Partners has focused on strengthening its position as a dedicated and high-perfor- ming player, while maintaining its entrepreneurial spirit. We are thrilled to see the rapid progress of the transformative initiatives we've launched in recent years. Through our Private Equity and Real Estate portfolios – by achieving SBTi targets, transforming several of our invest- ments into mission-driven companies, implementing eco-design innova- tions, and launching positive impact products – we have demonstrated our commitment to sustainability. Our involvement in sustainability ecosystems has also deepened, highlighted in 2023 by our achieving a 5-star PRI score and our voluntary participation in demanding initiatives, such as the United Nations Global Compact and the Business Climate Convention (CEC) – Financial World. As we look to the future, our objectives remain clear despite an increasingly complex context, in line with our Humanly Responsible Investor® philoso- phy. We are committed to staying the course and pursuing our long-term ambitions, continuing to fully integrate sustainability into Meanings’ gover- nance. This will include obtaining the B Corp certification, a crucial step to- wards a more holistic approach to value creation. € 1,2Bn * *as of april 30, 2024 ASSETS UNDER MANAGEMENT READ THE PREVIOUS EDITION DOWNLOAD THE FILE AREAS OF EXPERTISE Private Equity Mid Cap Private Equity Growth Real Estate Value Add Infrastructure Value Add (launched 2024) PRIORITY VERTICAL SECTORS Private Equity : Services Industry Transportation Digital and cybersecurity Health Education Inclusion Real Estate : Offices Residential Infrastructure : Decarbonized mobility Digital Energy production Energy systems Resource preservation INITIATIVES B Corp SBTi Business Convention for the Climate (CEC) – Financial World UN Global Compact Sustainability Commission / France Invest ISR / ASPIM Commission PRI iCI EDCI Label ISRESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS Is the percentage of sustainable assets held in the portfolio measured? ESG GOVERNANCE CLIMATE SOCIAL 45 employees ESG TEAMCOMEX MEMBERS EMPLOYEES 4 FTEs 2 women 8 % 22 % 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 ESG objectives integrated into the variable compensation of investment teams? Is the ESG manager a member of the Investment Committee? MEANINGS CAPITAL PARTNERS ESG BOOK 2024/2025 ARTICLE 8 5 FUNDS Are ESG objectives integrated into the compensation of portfolio managers? How often are Sustainability Linked Loans implemented on operations? OCCASIONAL Private Equity Mid Cap : 29% (Green Revenue Ratio) Private Equity Growth : 0% (none of the assets are eligible because none of the sectors are priority sectors for climate change) Real Estate Value Add : 78% (Green CAPEX Ratio) 1,5°C alignment in 2032 and net zero in 2040 ARTICLE 8 1 FUND * Taxonomy alignment only ** Sustainable investment (Taxonomy alignment and other environmental objectives)*as of april 30, 2024 ASSETS UNDER MANAGEMENT Bn 1,2 * € Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATIC MAJORITYOCCASIONAL NEVER with sustainable asset share commitment currently raising funds ARTICLE 9 1 FUNDS 43 % ** 25 % * as well as 25% of the carried interest Next >