Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 6 tCO2e per €1 million invested (carbon intensity)

Social Achievements

• Focus on improving Patient Outcomes, increasing Provider/Innovator Productivity, and lowering Costs to the Healthcare System
• France Invest Gender Equality pledge

Governance Achievements

• Established ESG and Impact Committee
• Twice-annual ESG trainings for investment team
• Annual ESG Report
• UNPRI signatory

Climate Goals & Targets

Environmental Challenges

• Limited ESG data availability and accuracy for portfolio companies due to company size and data system maturity
• Inconsistencies in ESG standards and methodologies from regulators and LPs
• Managing controversies in portfolio companies

Mitigation Strategies

• Significant efforts to ensure data accuracy through comparability analyses and spot checks
• Use of judgment to ensure compliance with changing standards
• Engagement with portfolio company management to manage controversies, potentially involving external consultants

Supply Chain Management

Responsible Procurement

• Supplier carbon pledges

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Technological risks
• Changes in customer preferences

Reporting Standards

Frameworks Used: SFDR, UNPRI, SASB