Quadrille Capital
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:268,831 tCO2e (Scope 1, 2, 3 for 12 portfolio companies)
ESG Focus Areas
- Governance
- Talent
- Environmental Stewardship
- Social Impact
- Responsible Investment
Environmental Achievements
- 67% of portfolio companies implemented environmental initiatives, including measures to reduce carbon footprint (a 52% increase from 2022)
- 54% of portfolio companies performed a carbon footprint assessment (a 22% increase from 2022)
- 21% of portfolio companies obtained an ESG label (Bcorp, EcoVadis) (a 10% increase from 2022)
- 29% of portfolio companies have a dedicated ESG officer (a 33% increase from 2022)
- Quadrille Capital's own carbon footprint was 683 tCO2e in 2023, with a net-zero path expected by 2030.
Social Achievements
- 49% of Quadrille Capital's permanent FTE are women employees
- 88% of portfolio companies implemented a dedicated grievance/complaints handling mechanism (an 18% increase from 2022)
- 79% of portfolio companies implemented an employee engagement survey or social climate barometer since 2019 (a 13% increase from 2022)
- 83% of portfolio companies have a work accident prevention policy (a 41% increase from 2022)
- Quadrille supports The Comédie-Française's initiatives promoting inclusivity and cultural access.
- Quadrille supports the Démos initiative, promoting musical education for children.
Governance Achievements
- All Quadrille Capital's recent funds are Article 8 under the EU’s SFDR.
- Quadrille received excellent grades on its PRI scores.
- 15% of portfolio companies have at least one woman as a founder (same as 2022)
- 23% of portfolio companies have at least one independent director (a 20% increase from 2022)
- 19% of portfolio companies have at least one woman on their board of directors (a 3% increase from 2022)
- 100% of portfolio companies have an IT security and personal/sensitive data protection policy in place (same as 2022)
- 73% of portfolio companies enforced an ethics, anti-corruption/bribery policy (-1% from 2022)
- 46% of portfolio companies have a supplier code of conduct (a 39% increase from 2022)
Climate Goals & Targets
Medium-term Goals:
- Achieve 40% representation of women in investment teams by 2030
- Net zero emissions by 2030
Short-term Goals:
- Achieve 25% women with decision-making responsibilities on the investment committee by 2030, 30% by 2035
Environmental Challenges
- Reducing carbon footprint across portfolio companies
- Improving ESG maturity across portfolio companies
- Ensuring consistent ESG reporting from portfolio companies
Mitigation Strategies
- Engaging with portfolio companies to define ESG priorities and action plans
- Sharing best practices and tools with portfolio companies (e.g., Apiday)
- Monitoring ESG performance of investments through annual questionnaires and discussions
- Providing support and advisory roles to portfolio companies
- Implementing a strict exclusion policy for investments in certain sectors
Supply Chain Management
Responsible Procurement
- Supplier code of conduct (46% of portfolio companies)
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Sustainable Development Goals (SDGs), EU Sustainable Finance Disclosure Regulation (SFDR)
UN Sustainable Development Goals
- SDG 4 (Quality Education)
- SDG 8 (Decent Work and Economic Growth)
- SDG 10 (Reduced Inequalities)
Quadrille's investment strategy and portfolio company support align with these SDGs.