< PreviousFUNDS & FUTURE 2025/2026 I CFNEWS DIGITAL PUBLICATIONS ASSETS UNDER MANAGEMENT François BARBIER Managing Partner, CEO Julien GAUTIER Sustainability Officer ESG TEAM f.barbier@21investfrance.com +33 (0)1 56 88 33 00 j.gautier@21investfrance.com +33 (0)1 56 88 33 24 9 AVENUE HOCHE 75008 PARIS, FRANCE www.21invest.com AREAS OF EXPERTISE LBO PRIORITY VERTICAL SECTORS Tech/Software Healthcare Business Services Education INITIATIVES PRI (2009) Shared Value Initiative (2016) iCI (2016) France Invest Parity Charter (2020) ESG ARTICULATION 21 INVEST FRANCE € 700M READ THE 2024/2025 VERSION DOWNLOAD THE FILE MANAGEMENT COMPANY Responsible investment has been part of the DNA of 21 Invest France for over 15 years and is now fully integrated into our value creation approach. The support provided by the value creation team systematically includes a sustainability component and is structured around three pillars: Radar 360° and Continuous Improvement, Targeted Battles, and a Sustainability Toolbox. Annual reporting is the key to Radar 360° and Continuous Improvement. 21 Invest France offers a standardized and comprehensive analytical framework to precisely monitor performance and the implementation of the action plan. The objective is to quantify the impacts of the sustainability approach and policies thanks to the results of key performance indicators. 21 Invest France specifically supports portfolio companies in transformative projects and initiatives such as an impact thesis or a decarbonization plan. In addition to turnkey policy guides and templates, 21 Invest France provides a pre-selection of specialized service providers across a wide range of sustai- nability themes. At the group level, the sustainability approach is implemented across each region and represents 2 FTEs (1 in France), an outsourced resource, and a spe- cialized consultant. Governance is ensured by the Group Sustainability Com- mittee, which includes the Managing Partners in charge of sustainability mat- ters and the ESG teams from each geography .FUNDS & FUTURE 2025/2026 I CFNEWS DIGITAL PUBLICATIONS FUNDS & FUTURE 2025/2026 Is the percentage of sustainable assets held in the portfolio measured? CLIMAT SOCIAL Integrating ESG objectives into the remuneration of portfolio managers? 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 ? Integrating ESG objectives into the variable remuneration of investment teams? Is the ESG manager a member of the Investment Committee? 21 INVEST FRANCE ARTICLE 6 FUNDS ARTICLE 8 FUNDS to 2050 ESG GOVERNANCE 19 People SUSTAINABILITY TEAMCOMEX MEMBERSEMPLOYEES 1 Member 1 Women 20 % 5 % 21 Centrale Partners V size : € 230M 21 Invest France VI size : € 260M 21 Rhodium size : € 220M Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATICMAJORITY ASSETS UNDER MANAGEMENT €M 700 OCCASIONAL NEVER We support several positive impact companies whose products and services address social and environmental issuesFUNDS & FUTURE 2025/2026 I CFNEWS DIGITAL PUBLICATIONS Camille RICHARD Chief Impact Officer Gilles GEOFFROY Partner IMPACT AND ESG TEAM camille.richard@alter-equity.com + 33 (0)1 42 86 96 41 gilles.geoffroy@alter-equity.com + 33 (0)1 42 86 96 41 23 RUE DANIELLE CASANOVA 75001 PARIS www.alter-equity.com alter equity ASSETS UNDER MANAGEMENT € 235M * AREAS OF EXPERTISE Development capital Growth Impact Venture PRIORITY VERTICAL SECTORS Food industry Energy Education Climate Inclusion Circular economy Health Industry Consumer goods Any sector INITIATIVES PRI (2013) Sista Charter (2019) Climate 2020 Initiative launched by France Invest (2020) France Invest Parity Charter (2020) Climate Act Charter (2021) Charte Take your Place Charter (2022) *as of July 31, 2024 any area of activity with a positive impact on people (employment, education and culture, well-being and health) and/or the environ- ment (energy efficiency, renewable energies, biodiversity preservation, recycling, reconditioning, etc.). Reconciles the Sustainable Deve- lopment Goals ("SDGs"). ESG ARTICULATION COMPANIES alter equity was the first French private equity management company created to finance environmental and social transitions towards a more sustainable and responsible economy. Its investment philosophy seeks to maximize the long-term interests of its portfolio companies as well as of all their stakeholders. It is repre- sented by the 3Ps in the names of alter equity’s funds: People, Planet, Profit. alter equity has brought many innovations in impact investing. For example, it was the first management company to make its investment in portfolio companies conditional upon their realisation of a carbon assessment, as well as on the equity access given to all their employees. AN EMBLEMATIC STRATEGY alter equity conditions its investment in portfolio companies, to a double positive impact on society from an ESG point of view: through their activity: their products or services meet a major social and/or environmental challenge; through their management practices: they are committed to an improvement in terms of CSR in their business conduct through the implementation of a dedicated action plan. Reaching the targets of this plan is a prerequisite for the company's managers and employees as well as for the alter equity team financial incentives. The management company has invested in 30 companies with its 3 Funds under management, resulting, so far, in: 8.9 million tons of CO 2 emissions avoided at the end of 2024 and since the funds’ investments, i.e. more than 2% of France's annual emissions, which to our knowledge is an absolute record for non listed investment in France, with regard to the amounts invested; 1,200 sustainable, skilled jobs creation. DOWNLOAD THE FILEFUNDS & FUTURE 2025/2026 I CFNEWS DIGITAL PUBLICATIONS FUNDS & FUTURE 2025/2026 Integrating ESG objectives into the compensation of portfolio managers? ESG GOVERNANCE CLIMATE 14 People IMPACT AND ESG TEAM COMEX MEMBERS EMPLOYEES 3 Women 60 % Integrating ESG objectives into the variable compensation of investment teams? Is the ESG manager a member of the Investment Committee? alter equity ARTICLE 6 2 FUNDS ARTICLE 9 1 FUND *as of July 31, 2024Both internal reference and European Taxonomy The entire team is committed to the CSR theme We were the first one to implement it Yes alter equity financed the development and co-structured with Carbone 4 a tool for measuring the impact of companies on climate, biodiversity and other resources, i.e. on all environmental dimensions. At the end of 2024, 8,9 million tons of CO 2 have been avoided by the portfolio companies since the funds’ investments. They are therefore well beyond Net Zero. alter equity3P alter equity 3P II alter equity 3P IIIDue to the closed-end characteristic of the first two funds currently managed by alter equity, the SFDR classification used is article 6, despite an investment approach in the spirit of article 9 and even beyond in terms of sustainability. 100 % ASSETS UNDER MANAGEMENT € M* 235 SOCIAL SYSTEMATIC MAJORITYOCCASIONAL NEVER Are you implementing the France Invest value-sharing scheme within your holdings? Since 2020, we have made it compulsory for our portfolio companies, to give equity access to their employees. Is the percentage of sustainable assets vs the whole portfolio measured? Are you committed to a Net Zero trajectory for yourself and your portfolio holdings? Do you assess the carbon footprint of your portofolio companies, including scope 3 ?FUNDS & FUTURE 2025/2026 I CFNEWS DIGITAL PUBLICATIONS Noëlla DE BERMINGHAM Chief Sustainability Officer Elsa BAILLET Sustainability Manager ESG TEAM n.debermingham@anderapartners.com e.baillet@anderapartners.com 2 PLACE RIO DE JANEIRO 75008 PARIS www.anderapartners.com ESG ARTICULATION ANDERA PARTNERS Andera Partners, a leading player in private equity in France and internationally, made its first commitment to sustainable development over 10 years ago by si- gning the United Nations’ Principles for Responsible Investment (UN PRI). Since then, we have continuously strived to demonstrate that financial and non-finan- cial performance are closely linked. We integrate ESG issues into our investment decisions and the concrete support we provide to our portfolio companies. Convinced that sustainability is a key pillar of our industry inseparable from long- term value creation we act through two main levers: Through thematic funds, to generate a positive impact on society: Andera Infra: an investment strategy focused on environmental transition infrastructure. Andera Life Sciences: an investment strategy focused on innovation in healthcare. Across all our funds, by supporting companies in transitioning toward more sustainable business models. Andera Partners’ Sustainability Strategy through to 2030 is based on three main pillars: 1. Driving and promoting responsible investment. 2. Accelerating our action to combat climate change and protect biodiversity. 3. Contributing to an inclusive and shared economy. In 2023, we notably adopted a decarbonization pathway validated by the Science- Based Targets initiative (SBTi), covering both the management company and portfolio companies, and we structured the “Andera Climate Solutions”, a robust support program for our portfolio companies EXPERTISES LBO Development capital Growth Private Debt Impact Venture PRIORITY VERTICAL SECTORS Energy Climate Healthcare All sector INITIATIVES PRI (2012) ICI (2019) Charte Parité de France Invest (2020) SBTI (2023) Charte Partage de la valeur de France Invest (2023) Moving Together on Nature (2023) Pacte Mondial des Nations Unies (2022) Finance for Biodiversity Foundation (2024) DOWNLOAD SUSTAINABILITY RAPPORT 2024 SEE THE ENTIRE TEAM ASSETS UNDER MANAGEMENT € 4,8Bn * *as of 31/03/2025 DOWNLOAD THE FILEFUNDS & FUTURE 2025/2026 I CFNEWS DIGITAL PUBLICATIONS FUNDS & FUTURE 2025/2026 ESG GOVERNANCE 114 Employees * ESG TEAMEMPLOYEES 3 Members *as of 31/03/2025 WOMEN'S REPRESENTATION AT ANDERA PARTNERS 51 Women 44 % 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? SOCIAL Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATIC MAJORITYOCCASIONAL NEVER In 2023, Andera Partners signed France Invest’s Value-Sharing Charter. We committed to implementing a value-sharing mechanism within 12 months of investment in our portfolio companies, and to promoting the capital gains sharing scheme under the PACTE law, along with paid or free employee share ownership plans. CLIMATE Are you committed to a trajectory aligned with the goals of the Paris Agreement- both for your organization and for the companies in your investment portfolio? Do you assess the carbon footprint of your holdings, including scope 3? -50% CO 2 emissions by 2030 compared to 2019 levels ARTICLE 6 FUNDS ARTICLE 9 FUNDS ARTICLE 8 FUNDS *as of 31/03/2025 Science Based targets initiative ANDERA PARTNERS 42 % 52 % 6 % ASSETS UNDER MANAGEMENT Bn 4,8 * €FUNDS & FUTURE 2025/2026 I CFNEWS DIGITAL PUBLICATIONS SUSTAINABILITY TEAM ASSETS UNDER MANAGEMENT € 166Bn January 2025 SEE THE ENTIRE TEAM READ THE 2024/2025 VERSION READ THE ESG CHARTER DOWNLOAD THE FILE 20, PLACE VENDÔME 75001 PARIS www.ardian.com ARDIAN AREAS OF EXPERTISE Private Equity Real Assets Credit PRIORITY VERTICAL SECTORS Energy Renewables Circular economy Digital infrastructure Technologies, media, telecoms Industrial Food industry Health and life sciences Consumer goods and services Financial Services Business services E-commerce Software Transportation Aerospace Semiconductors AI and technology Education Offices Self-storage Residential Student housing INITIATIVES Principles for Responsible Investment (PRI; 2009) ESG Data Convergence Initiative (2022) Ownership Works (2022) France Invest Charte Partage de la Valeur (2023) Investor Leadership Network (2019) France Invest Charte de la Diversité (2020) Institutional Limited Partners Association (ILPA) Diversity in Action (2020) Level 20 (2021) Out Investors (2024) Initiative Climat International (iCI; Ardian founding member in 2015) One Planet Private Equity Funds (2020) TCFD supporter (2020) Organization for Biodiversity Certificates (OBC; 2023) ESG ARTICULATION COMPANIES As a major investor in the real economy, we are convinced that we can sup- port and accelerate the sustainable growth of resilient companies. Sustainable development is an integral part of our role as shareholder and investor, both as a means of managing risk and as an opportunity for sustai- nable business transformation. We seek to build portfolios focused on crea- ting sustainable value for our customers. Since 2008, Ardian has implemented a sustainable development program ai- med at fostering high-performance business models that also generate mea- surable results in terms of sustainability. Ardian was one of the first signatories to the UN's Principles for Responsible Investment (PRI) in 2009. These Principles encourage investors to integrate environmental, social and governance (ESG) issues into their decisions in order to better manage risk, generate long-term, sustainable returns, and benefit society as a whole. Ardian's approach is formalized in the Ardian Res- ponsible Investment Policy, which is available on our website. AN EMBLEMATIC STRATEGY Ardian aims to integrate sustainability issues into the funds of each of its di- rect investment strategies in Private Equity, Real Assets and Private Credit. Some funds have gone a step further in recent years in their commitment to sustainability. For example, Ardian has launched four funds, representing over 4.7 billion euros raised or in the process of being raised, dedicated to climate- related solutions. These include investments in renewable and clean energies (ARDIAN Clean Energy Evergreen Fund [ACEEF], a Hy24 investment platform focused on clean hydrogen), to the creation of carbon sinks through nature- based solutions (Averrhoa), to the decarbonization of buildings in line with the objectives of the Paris Agreement (ARDIAN Real Estate Europe Fund III). www.ardian.comFUNDS & FUTURE 2025/2026 I CFNEWS DIGITAL PUBLICATIONS FUNDS & FUTURE 2025/2026 ESG GOVERNANCE SOCIAL ESG AND CLIMATE COMMITTEE EMPLOYEES Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATICMAJORITYOCCASIONAL NEVER 1 050+ Employees 12 Members 1 % ARDIAN 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? CLIMATE ARTICLE 6 FUNDS ARTICLE 8 et 8+ FUNDS ARTICLE 8 FUNDS ARTICLE 9 FUNDS with sustainable asset share commitment 60,31% at 31.12.2024 1,43% at 31.12.2024 38,26% at 31.12.2024 5,37% at 31.12.2024 How often are Sustainability Linked Loans implemented on operations? Ardian periodically measures the percentage of sustainable assets held in its portfolio. This information is communicated to investors on an annual basis in fund reports or on request Do you assess the carbon footprint of your holdings, including scope 3 ? Internal benchmark. The reference system varies according to the commitments made by the funds: either the calculation is based on an internal reference system in accordance with the obligations of the SFDR regulation, or the calculation is based on the European Taxonomy. OCCASIONAL ASSETS UNDER MANAGEMENT Bn 166 * € *as of Q1 2025FUNDS & FUTURE 2025/2026 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 AZULIS CAPITAL AREAS OF EXPERTISE LBO Capital-développement Growth PRIORITY VERTICAL SECTORS Food & Beverage Healthcare Industry Consumer Business Services ASSETS UNDER MANAGEMENT € 500M 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) SEE THE ENTIRE TEAM ESG ARTICULATION COMPANIES Azulis Capital consistently integrates ESG issues and best practices into its investment strategy and support for portfolio companies. Three com- plementary pillars (Measure, Support, and Promote) are the basis of our ESG approach, which is implemented through the following actions: Pre-investment ESG analysis to identify company-specific risks and oppor- tunities, integration of ESG criteria into shareholders’ agreements, along with the designation of an ESG coordinator within each portfolio company; Post-investment execution of ESG assessments and comprehensive carbon audits (Scopes 1, 2, and 3), enabling the identification of key impro- vement areas and the development of concrete ESG roadmaps; Ongoing engagement with management teams on strategic topics such as decarbonization, governance, diversity, and value sharing; Regular discussions among the investment team within an ESG Commi- ttee, enhanced by the presence of an external expert. PORTFOLIO Through its core business, Nerco is inherently contributing to reducing its clients' carbon emissions. Since our investment, we have been actively sup- porting the setup and acceleration of its ESG commitments, which were for- mally expressed in the shareholders' agreement and the loan agreement. The company has completed its first GHG emissions assessment in 2025 and is currently implementing its ESG strategy with the help of an external consultant. The ability of Nerco to measure the positive impact generated for its clients will ultimately be a genuine competitive advantage. READ THE 2024/2025 VERSION Nerco's example demonstrates our belief that a structu- red ESG approach can be a powerful driver of differentia- tion and long-term value creation.FUNDS & FUTURE 2025/2026 I CFNEWS DIGITAL PUBLICATIONS FUNDS & FUTURE 2025/2026 ARTICLE 6 1 FUND ARTICLE 8 1 FUND MMF V € 220M MMF 6 € 280M 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 CLIMATE SOCIAL * Measured within the MMF 6 fund as of 31/12/2024 Internal Framework AZULIS CAPITAL 48 % * 14 People EMPLOYEES 4 Members 2 Women 29 % 28 ,6 % OCCASIONAL 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 500 € Are you implementing the France Invest value-sharing scheme within your holdings? SYSTEMATICMAJORITYOCCASIONAL NEVERNext >