For the Fund of Funds activity, along with active dialogue with GPs, an ESG monitoring survey was developed in 2010 in order to raise awareness of ESG and evaluate their progress over time. This survey has been regularly sent to Ardian's GPs in order to address both primary and secondary transactions. Collected data allows to follow up on progress for each individual fund, and the ESG performance data is then stored in Ardian's database. This information also allows Ardian to establish an ESG benchmark for GPs. The ultimate goal is to encourage GPs to incentivize ESG integration by portfolio companies and improve extra-financial impact of portfolio over time.