Climate Change Data

EMZ Partners SAS

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:1.23M tCO2e (99.9% financed emissions)

ESG Focus Areas

  • Climate Change
  • Governance
  • Social Impact
  • Biodiversity

Environmental Achievements

  • Measured carbon footprint for the first time, with 99.9% attributed to financed emissions.
  • 40% of the portfolio committed to a Net Zero approach by 2030 or 2050; 65% of the 10 largest emitters in the portfolio committed to a Net Zero approach, representing 70% of financed emissions.
  • Promoted low-carbon travel within the company.
  • Provided support to portfolio companies in setting up ESG indicators and action plans, including ESG ratchets linked to manager share acquisition.

Social Achievements

  • Increased the proportion of women in the team from 35% to 45%, and at the partner and team manager level from 11% to 31%.
  • Provided an average of 8 hours of training per employee, covering ESG topics.
  • Signed France Invest’s Charter of Commitment to Value Sharing.
  • Financially supported 3 associations in the healthcare sector.
  • Portfolio companies implemented initiatives to promote diversity and inclusion.

Governance Achievements

  • Joined the Institutional Investors Group on Climate Change (IIGCC) and the International Climate Initiative (iCI).
  • Signed the UN PRI.
  • Closed EMZ 10 fund, classified as Article 8 under SFDR.
  • Updated responsible investment policy to explicitly exclude fossil fuels.
  • Implemented ESG analysis grid for all transactions.

Climate Goals & Targets

Long-term Goals:
  • Net Zero portfolio by 2050 (aligned with Net Zero Asset Management initiative).
Medium-term Goals:
  • Measure carbon footprint of suppliers.
  • Further develop ESG ratchets in portfolio company management packages.
Short-term Goals:
  • Improve carbon footprint measurement reliability by using actual emissions data.

Environmental Challenges

  • Measuring and reducing the management company’s carbon footprint (especially Scope 3 emissions from suppliers and business travel).
  • Ensuring portfolio companies' commitment to decarbonization and achieving Net Zero targets.
  • Addressing climate-related physical and transition risks for portfolio companies.
Mitigation Strategies
  • Annual carbon footprint measurement and improvement efforts.
  • Encouraging decarbonization commitments from portfolio companies and providing support.
  • ESG monitoring of portfolio companies, including annual questionnaires and analysis of climate risks and opportunities.
  • Collaboration with other stakeholders on ESG engagement.
  • Use of ESG experts for due diligence and support.

Supply Chain Management

Responsible Procurement
  • ESG criteria incorporated into purchasing policies of some portfolio companies (e.g., imes-icore).

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events, flooding
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Investment in climate solutions, growth opportunities in low-carbon sectors.

Reporting Standards

Frameworks Used: UN PRI, SFDR (Article 8)

UN Sustainable Development Goals

  • SDG 3 (Good Health and Well-being)
  • SDG 4 (Quality Education)

Portfolio companies contribute to SDGs through their products, services, and social initiatives.