Climate Change Data

Environmental Metrics

ESG Focus Areas

• Energy Efficiency
• Environmental Sustainability

Environmental Achievements

• Aims to reduce carbon dioxide emissions by 700 kg per 100 sqm apartment.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)

Almadom.us aims to reduce energy consumption and carbon emissions.

Sustainable Products & Innovation

• Almadom.us smart home system

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability
• Women entrepreneurship

Environmental Achievements

• 50% reduction in GHG emissions in 2020 (scope 1+2)

Social Achievements

• Promote employment, digitalization, green transition and inclusion
• No accidents, no mobbing lawsuits in 2020
• 64% women employees and 75% women middle managers

Governance Achievements

• One independent director, three women in the Board of Directors
• Low personnel turnover (6.7%)

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability
• Social Impact
• Environmental Sustainability

Environmental Achievements

• Invested in 10 new startups operating in sectors with a focus on social and environmental sustainability through the Magic Wand Sustainability program.
• Supported startups developing sustainable solutions to improve quality of life and work.

Social Achievements

• Created the largest innovation services platform in Italy, fostering synergies between startups and corporations.
• Launched FIN+TECH, a Fintech and Insurtech accelerator program in collaboration with CDP, Startupbootcamp, Fintech District, and SIA, supporting collaboration between startups and major companies in the financial and insurance sectors.
• Focused on creating a positive social impact at a national level by accelerating the growth of digital startups and supporting the innovation ecosystem.

Governance Achievements

• Approved the first Sustainability Report, demonstrating commitment to sustainability as an integral part of the business model and corporate management.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability

Social Achievements

• Obtained B Corp certification, demonstrating a growing ability to incorporate the principles of economic, social, and environmental sustainability throughout the value chain.

Climate Goals & Targets

Environmental Challenges

• Uncertainty surrounding the duration of the pandemic and its effects in the medium to long term, exacerbated by the Russo-Ukrainian war and resulting sanctions.
• Difficulty in collecting receivables from accelerated and incubated startups, potentially impacting investment and development strategy.

Mitigation Strategies

• Developed a detailed 12-month cash flow forecast to address challenges posed by the pandemic and geopolitical crisis.
• Constantly monitoring the situation and evaluating appropriate management interventions to mitigate potential negative effects.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI (Global Reporting Initiative)

Certifications: B Corp

Third-party Assurance: BDO Italia S.p.A.

UN Sustainable Development Goals

• UN SDG Goal 9 (Industry, Innovation, and Infrastructure)
• UN SDG Goal 13 (Climate Action)

Investments in sustainable technologies and solutions.

Environmental Metrics

ESG Focus Areas

• Sustainability

Social Achievements

• Approved the second Sustainability Report (2021) based on GRI standards; supported 84 companies employing nearly 1370 people, generating €110 million in turnover; 43 out of 84 portfolio companies promoted ESG actions.

Governance Achievements

• Established a Remuneration Committee; adopted a new Related Party Procedure; updated the Company Compliance Manual.

Climate Goals & Targets

Environmental Challenges

• Uncertainty due to the pandemic and the Russo-Ukrainian war; potential negative impact on activity and growth if the economic/financial tension persists; difficulty in collecting receivables from startups; potential increase in interest rates; risk related to the loss of key personnel; fiscal and social security litigation.

Mitigation Strategies

• Constant monitoring of the impact of the crisis and appropriate management interventions; detailed cash flow forecast for 12 months; part of bank financing is at a fixed rate, and variable-rate loans have short-to-medium-term maturities; organizational model distributes roles and responsibilities among several complementary managers; appeal filed against the negative first-instance court ruling.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI (Global Reporting Initiative)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Obtained B-Corp certification in January 2023, demonstrating commitment to ESG.

Social Achievements

• 64 out of 120 portfolio companies actively promote ESG initiatives (as of June 2023).
• Held Open Innovation Summit 2023 with 1200 participants.

Governance Achievements

• Successfully completed merger with LVenture Group, creating ZEST S.p.A. (effective April 1, 2024).

Climate Goals & Targets

Environmental Challenges

• Slower than expected growth in portfolio value due to a more conservative fair value methodology and some portfolio impairments, particularly in Hyperloop Transportation Technologies Inc.

Mitigation Strategies

• Adopted a more conservative fair value methodology for portfolio valuation, aligning with LVenture Group's accounting principles.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability

Social Achievements

• Obtained B-Corp certification in January 2023.

Climate Goals & Targets

Environmental Challenges

• Uncertainty due to the ongoing war in Ukraine and its impact on the economy.
• Difficulty in collecting receivables from startups.
• Potential impact of rising interest rates.

Mitigation Strategies

• Developed a detailed 12-month cash flow forecast.
• Constantly monitoring the situation and evaluating appropriate management interventions to mitigate potential negative effects.
• Management considers the risk related to the foreseeable further increase in interest rates to be still contained and that, at the moment, it does not justify the cost associated with the purchase of hedging instruments.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI (Global Reporting Initiative)

Certifications: B Corp

Third-party Assurance: BDO Italia S.p.A.

Environmental Metrics

ESG Focus Areas

• Sustainability

Climate Goals & Targets

Environmental Challenges

• Slowdown at the global and European level in VC financing.
• Increasing complexity in the Fintech sector due to market volatility.

Mitigation Strategies

• New investment approach using dedicated vehicles (Fin+Tech, Magic Spectrum, Magic YouMan, HabitSmart) for higher scalability and standardized processes.
• Focus on operating efficiency and cooperation between traditional and cutting-edge finance in the Fintech sector.

Supply Chain Management

Climate-Related Risks & Opportunities