< PreviousESG 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 ESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS ESG TEAM 5/7 RUE DE MONTTESSUY 75007 PARIS www.naxicap.com AREAS OF EXPERTISE LBO Capital-développement PRIORITY VERTICAL SECTORS All sectors INITIATIVES PRI (2016) ICI (2016) QUALITATIVE DESCRIPTION NAXICAP PARTNERS ENGAGEMENT ACTIF At Naxicap Partners, we believe portfolio companies’ growth is to be suppor- ted and guided by shareholders actively. Our role is to maximize every port- folio company’s potential to create tomorrow’s leaders on their markets. We believe a company can hardly achieve this position without integrating and managing sustainability factors proactively. Therefore, our pledge as Private Equity responsible investor is to engage with portfolio companies on their ESG performance, challenge them on most material topics (climate change, diversity, inclusion, supply chain, etc.) to foster their sustainability and econo- mic growth. Over 2023, the ESG Team has engaged active dialogue on specific topics aside ESG reporting with several portfolio companies. Example : Since Naxicap’s investment in autumn 2023, Synchrone has set up a new CSR governance structure (dedicated manager, entities referents, defi- nition of new objectives) and worked to improve its EcoVadis score (Silver in 2022, Gold in 2023). Its two priority challenges for the coming years are: (i) to achieve its GHG emis- sion reduction targets linked to its low-carbon strategy (-4% per year between 2023 and 2030) and (ii) to implement a responsible digital approach (eco-de- sign, Green IT, e-accessibility, etc.) with the aim of obtaining the Sustainable IT Label in 2025. 38 COMPANIES ACTIVELY SUPPORTED BY THE ESG TEAM in 2023 Representing 71 % of amounts invested (ESG scope) *as of Dec 31, 2023 € 6.3Bn * ASSETS UNDER MANAGEMENT SEE THE ENTIRE TEAM Joanna TIRBAKH ESG Director joanna.tirbakh@naxicap.com +33 (0)1 84 79 72 34 READ THE 2023/2024 VERSION DOWNLOAD THE FILEESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS ESG GOVERNANCE CLIMATE SOCIAL 106 People ESG AND CLIMATE COMMITTEE COMEX MEMBERS EMPLOYEES 4 Members 1 Woman Integrating ESG objectives into the variable remuneration of investment teams? Is the ESG manager a member of the Investment Committee? NAXICAP PARTNERS ESG BOOK 2024/2025 Integrating ESG objectives into the remuneration of portfolio managers? 20 % 3 % .8 ARTICLE 6 47 FUNDS ARTICLE 8 2 FUNDS All funds 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, 2023 Bn 6.3 * € All funds raised since 2023 are designed to be article 8.(1) (1)Unless otherwise explicitly requested by investorsESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS Jacques PANCRAZI Partner Guillaume PEROZ Partner ESG TEAM 41, AVENUE DE FRIEDLAND 75008 PARIS www.qualium-investissement.com AREAS OF EXPERTISE Buyouts Growth capital PRIORITY VERTICAL SECTORS All sectors QUALITATIVE DESCRIPTION QUALIUM INVESTISSEMENT Qualium began its ESG policy more than 15 years ago with the ESG review of its previous portfolio, followed by the introduction of systematic ESG due diligence for all new investments in 2010. Four years later, the management company signed its first Responsible Investor charter, which it revised in 2021 to meet the requirements of SFDR regulation on sustainability reporting wit- hin the financial services sector. At this time, Qualium adjusted its processes and strengthened ESG integration within the pre-investment phase. During the portfolio management phase, ESG key performance indicators are collected in order to identify and measure any impact on sustainability fac- tors. The data is analysed by an external consultancy firm to ensure that it is reliable and that actions taken are in accordance with the SASB (Sustainable Accounting Standards Board) framework. The results are discussed annually with management, based on actions identified during the pre-acquisition phase. Qualium works with management teams to build action plans and monitors progress at board meetings. Qualium Fund III has been categorised as an Article 8 fund under SFDR regu- lation. Qualium is committed to ensuring that all new investments make pro- gress in terms of ESG issues. This progress is measured using key sustainabi- lity indicators specific to each company, identified during the pre-acquisition phase, in addition to those already monitored in the ESG reporting exercise. The reduction in carbon footprint, has been assessed (scope 1, 2, 3) in the ma- nagement company since 2014, and in the portfolio companies since 2021, covering the entire value chain. Qualium’s first public ESG report was published in 2022. In terms of value sharing, Qualium put its first system in place in 2023 linked to the ‘Loi Pacte’ (2019 legislation aimed at encouraging entrepreneurship and innovation in French businesses). jacques.pancrazi@qualium-invest.com +33 (0)1 81 80 47 43 guillaume.peroz@qualium-invest.com +33 (0)1 81 80 47 15 *as of Dec 31, 2023 € 1,5Bn * ASSETS UNDER MANAGEMENT SEE THE ENTIRE TEAM READ THE 2023/2024 VERSION DOWNLOAD THE FILE INITIATIVES PRI (2010) iCI (2021) France Invest (2008) Charte pour la Parité (France Invest Parity Charter) (2020) Charte sur le Partage de la Valeur (Value Sharing Charter) (2023)ESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS ESG GOVERNANCE 20 People ESG AND CLIMATE COMMITTEE EMPLOYEES 3 Members 0 Woman in the management team 3 Women in the investment team QUALIUM INVESTISSEMENT ESG BOOK 2024/2025 15 % COMEX MEMBERS 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? 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? ARTICLE 8 1 FUND with sustainable asset share commitment Qualium Fund III ASSETS UNDER MANAGEMENT *as of Dec 31, 2023 Bn 1,5 * € SOCIAL Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATICMAJORITYOCCASIONAL NEVERESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS Servane METZGER-CORRIGOU Chief Impact Officer Marie-Gabrielle SORIN Operating partner Sustainability & Impact ESG TEAM servane.metzger@ringcp.com + 33 (0)7 66 37 43 54 mgs@ringcp.com + 33 (0)6 10 57 62 39 *as of Dec 31, 2023 RING CAPITAL AREAS OF EXPERTISE Cap-dev Growth Impact Venture Seed Philanthropy PRIORITY VERTICAL SECTORS Agri-food Energy Education Climate Inclusion, Circular economy Health Industry Consumer goods All sectors INITIATIVES PRI (2020) ICI (2019) B-Corp (2023) Tech Your Place (2022) Société à mission (2024) 2 RUE FAVART 75002 PARIS www.ringcp.com ASSETS UNDER MANAGEMENT € 400M * READ THE 2023/2024 VERSION DOWNLOAD THE FILE DESCRIPTION QUALITATIVE Ring Capital's mission is to actively direct capital towards essential solutions that address major social and environmental challenges. We help entrepreneurs and businesses grow by aligning impact and financial performance. 100% of the companies we invest in are ‘impact-native’ businesses, and we make a clear distinction between impact and ESG. We have developed an exclusive methodology to assess the impact potential of companies based on four main criteria: The impact potential of the solution compared to existing solutions; The strategic intentionality of the Management; The additionality of our impact as an investor; The definition of a robust impact measurement; Our strategy is based on the definition, approval, and monitoring of clear impact KPIs integrated into the legal documentation through ‘Impact Business Plans’. We align financial and extra-financial performance since 50% of our carried interest and part of the variable remuneration of the executives of the invested companies are conditional on achieving the ‘Impact Business Plans’. These ‘Impact BPs’ are audited annually by a third party. This impact analysis is complemented by an evaluation and monitoring of 7 key ESG criteria, as well as an exclusion policy concerning certain sectors and practices. Finally, we support invested companies in the definition a mission model. At the management company level, we now have the status of mission-driven company, overseen by a mission committee composed of four independent experts in social and environmental impact.ESG BOOK 2024/2025 I CFNEWS DIGITAL PUBLICATIONS including Article 6 historical fund holdings ESG GOVERNANCE ESG TEAMLEADING TEAM EMPLOYEES 7 Womens in investment teams 1 Woman partner Integrating ESG objectives into the variable remuneration of investment teams? Is the ESG manager a member of the Investment Committee? RING CAPITAL ESG BOOK 2023/2024 Integrating ESG objectives into the remuneration of portfolio managers? 9 % 50 % of the carried interest will be determined by the achievement of the objective based on the Impact KPI(s) 20 % of Employee Stock Ownership Plan is determined by the achievement of the objective based on the Impact KPI(s), and 20 % of the variable of the management (Executive Committee) is determined by the achievement of the objective based on the Impact KPI(s) 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 ? Carbon footprint by proxy for the portfolio. 2024 : detailed carbon footprint for each portfolio company, including a specific trajectory according to sector and activity. SOCIAL 22 People 2 Members (one operating partner) 17 % 50 % Référentiel interne ET taxonomie cf. reporting d’impact et rapport d’impact SYSTÉMATIC MAJORiTYOCCASIONALNEVER IDo you integrate social issues (diversity, mixed teams...) in your due diligence questionnaires for selecting managers? Systematic ESG & impact due diligence incorporating all relevant social issues, taking into account size and sector. Share of financed companies with a positive social impact: 30 companies out of 40 in portfolio 75 % ARTICLE 8 3 FUNDS ARTICLE 9 2 FUNDS Ring Altitude Growth I 165 m€ (fonds historique requalifié en 2024) Ring GENERATIONS by EDHEC seed I 40m€ (en cours de levée) Ring Africa 50m€ (en cours de levée) Ring Altitude Growth II (en cours de levée) Ring Mission Venture Capital I 66 m€ *as of Dec 31, 2023 ASSETS UNDER MANAGEMENT M 400 * € 62 ,5 %Next >