Climate Change Data

Abenex

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Governance

Environmental Achievements

  • Switched to a green electricity provider for offices
  • Installed motion light detectors and LED lights
  • Reduced coffee pod waste by 100 kg (320 kg CO2 equivalent)
  • Reduced plastic bottle waste by 119 kg (405 kg CO2 equivalent)
  • Encouraged train travel over flights for trips under 1000km
  • Promoted online meetings to reduce transportation emissions

Social Achievements

  • 8 out of 9 (90%) new hires in 2021 were women
  • 25% of new joiners in 2021 had an international profile
  • Donated to three charities: Espérance Banlieues (€30k), EPIC Foundation (€20k), and PLAY International (€20k)
  • Participated in the Vertigo Challenge, donating €7214 to charity
  • Donated apprenticeship tax to a Parisian suburban school

Governance Achievements

  • Joined Initiative Climate International (iCi) in 2021
  • Obtained Label Relance for Abénex VI fund
  • Published first Sustainability Report
  • Organized "Fresque du Climat" training for all employees
  • Included ESG clause in shareholders’ agreements
  • ESG criteria included in LBO debt terms as KPIs for interest rates
  • Systematic ESG due diligence and carbon footprint assessments before investments
  • Annual ESG data collection and analysis from portfolio companies
  • ESG vendor due diligence (VDD) for each exit
  • Quarterly Sustainability Committee meetings

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • ESG considerations in referencing suppliers
  • Commitment to Vendor Codes of Ethics (e.g., Perkin Elmer)

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB, SDGs

Certifications: Null

Third-party Assurance: PwC

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:275 tCO2e in FY2023
Scope 1 Emissions:2.2 tCO2e
Scope 2 Emissions:16.1 tCO2e
Scope 3 Emissions:256.3 tCO2e
Waste Generated:1.3 tCO2e
Carbon Intensity:13 tCO2e/M€ Revenue

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Diversity & Inclusion
  • Responsible Governance

Environmental Achievements

  • Committed to SBTi to reduce GHG emissions (scopes 1 & 2) at the management company level.
  • 12 portfolio companies assessed their carbon footprint.
  • First biodiversity analysis completed for 100% of portfolio companies.
  • Abenex Real Estate Funds focused on greener buildings, enhancing energy performance and adhering to environmental standards.
  • Several portfolio companies implemented initiatives to reduce their environmental impact (e.g., Blanchon, IKOS).

Social Achievements

  • Improved female representation at senior levels.
  • Hosted career events for young female students.
  • Participated in initiatives to promote inclusion of LGBT+ professionals.
  • All team members received gender equality training.
  • Active participation in Level20 (gender diversity in private equity).
  • Co-hosted the Paris Chapter of Out Investors.
  • Signed L’Autre Cercle’s LGBT+ Charter.
  • Launched a mentoring program with Lit Up for young adults.
  • Created the Abenex Foundation to support charities in training, education, and professional integration.
  • Portfolio companies implemented various diversity and inclusion initiatives (e.g., Squad’s Disability Taskforce, Square’s Women Mentoring Programme).

Governance Achievements

  • Became a purpose-driven company (as defined by the French PACTE Act).
  • Amended company by-laws to integrate extra-financial objectives.
  • Obtained B Corp certification.
  • Improved PRI scores.
  • Awarded the SRI label for the second consecutive year.
  • Established an ESG roadmap for 100% of portfolio companies.
  • Implemented an ESG action plan for portfolio companies, monitored annually.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions (long-term trajectory).
Medium-term Goals:
  • Reduce GHG emissions at management company level (5-10 year horizon).
  • Reduce carbon emissions by 5% by 2026 (IKOS).
Short-term Goals:
  • Engage eligible investments in an SBTi approach.
  • Reduce GHG emissions per m² in Real Estate fund portfolio.

Environmental Challenges

  • Measuring and controlling scope 3 emissions accurately.
  • Promoting gender diversity across all sectors of the portfolio companies, given varying levels of representation.
Mitigation Strategies
  • Developing a biodiversity policy and comprehensive strategy.
  • Continuous support to portfolio companies in addressing ESG challenges.
  • Implementing initiatives to quantify and reduce environmental impact (e.g., Blanchon’s CSR policy, IKOS’s emissions reduction action plan).

Supply Chain Management

Responsible Procurement
  • Sustainable sourcing practices (Prosol)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SBTi, PRI, CSRD, SFDR

Certifications: B Corp, SRI

Sustainable Products & Innovation

  • Blanchon’s eco-designed products
  • Hygeco’s biodegradable products
  • ITC’s eco-friendly and vegan products