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Ardian

PRI reporting framework 2017

You are in Strategy and Governance » Objectives and strategies

Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

Objectives are set at least once a year, and are reviewed at least quarterly


SG 06. Main goals/objectives this year

06.1. List the main responsible investment objectives that your organisation set for the reporting year.

Responsible investment processes

Key performance indicator

          
        

Progress achieved

Training on Corporate & Investment Responsibility provided to NYC team.

Ongoing training provided during bi-annual Integration Seminars.

We have put in place  an anti-discrimination and diversity policy with staff training sessions.

Key performance indicator

          
        

Progress achieved

Training on Corporate & Investment Responsibility provided to NYC team.

Ongoing training provided during bi-annual Integration Seminars.

We have put in place  an anti-discrimination and diversity policy with staff training sessions.

Key performance indicator

          
        

Progress achieved

The ESG portal on Ardian’s Intranet was regularly updated throughout the year to facilitate communication and engagement on these ESG issues.

Ardian's internal newsletter regularly reported on the firm's and on portfolio ESG initiatives and practices.

 

Key performance indicator

          
        

Progress achieved

The scope of portfolio companies benefitting from ESG Reviews is continuously expanding, as is the scope of GPs we submit the annual ESG monitoring survey to. Following these ESG reviews& Survey Ardian actively encourages management of portfolio companies and GPs to follow an action plan to improve the management of ESG issues.

Key performance indicator

          
        

Progress achieved

ESG training of investment teams.

In 2016, Ardian formalized a comprehensive Responsible Investment Policy

Financial performance of investments

Key performance indicator

          
        

Progress achieved

Measure the financial impact of a sample of portfolio companies' extra financial initiatives. External consultants produced a detailed study for several companies from the Midcap.

In the Funds of Funds activity, Ardian’s annual survey demonstrated a clear correlation between financial and ESG performance: GPs that score best against our responsible investment benchmarks are also the best performers in terms of financial returns.

ESG characteristics of investments

Key performance indicator

          
        

Progress achieved

During regular portfolio ESG Reviews, Ardian monitors and produces actions plans to improve portfolio companies performance.

Key performance indicator

          
        

Progress achieved

As a co-founder and signatory of the Initiative Carbone 2020, Ardian is committed to measure the direct and indirect carbon emissions majority-controlled portfolio companies by 2020 and  to pursue efforts to control and reduce these emissions.

Ardian is currently developing a systematic framework to enable its Expansion and Mid Cap Buyout investment teams to analyze carbon emissions as part of their ESG due diligence.

Other description (1)

          
        

Key performance indicator

          Produce tailored ESG Reports to LPs.
Management reports include ESG review factsheets & analysis.
        

Progress achieved

Other activities

Key performance indicator

          
        

Progress achieved

Ardian is an active member of the UNPRI, AFIC, Invest Europe, ILPA.

For example, Ardian and two of its portfolio companies’ were panelists at the annual ESG conference for the French private equity industry in Paris organised by AFIC (September 2016). Ardian also spoke at the SuperInvestor conference in Amsterdam (October 2016), it participated to the Global Impact Investing Network conference in Amsterdam (December 2016), and Dominique Senequier was a keynote speaker at the PRI 10-year anniversary Blueprint event , which took place in Paris.

Key performance indicator

          
        

Progress achieved

Ardian is active within the Private Equity industry and has assisted with the development and promotion of key guidance documents regarding ESG integration within the PE industry: i.e. PRI LP DDQ at AFIC.

Ardian partnered with PRI for a Global Workshop Series in Paris, and also published an open column in a major industry magazine. In addition, Ardian was recognized for its leading ESG practices by peers: it received Swen Capital Partners ESG Best Practices awards in Mid & Large cap  category for the 2nd time.

Key performance indicator

          
        

Progress achieved

Ardian documents best practice thanks to analysis conducted by external consultants on an annual basis. Their work allows Ardian to benchmark ESG performance of the portfolio companies within a single fund but also over time.

Key performance indicator

          
        

Progress achieved

Ardian uses ESG reviews conducted by external consultants to communicate on ESG practices within portfolio companies to its clients either through annual management reports or dedicated reporting mechanisms.

other description (1)

          Reinforce external communications on RI at Ardian
        

Key performance indicator

          
        

Progress achieved

Ardian created a new and more detailed Corporate and Investment Responsibility Report, available in printed versions and online.

Ardian re-vamped its Corporate & Investment responsibility section of its corporate website, allowing for easier access to key documents, guidance and general information on the topic

Ardian produced Reports on RI and ESG activities for organisations such as AFIC.

other description (2)

          Reinforce environmental program at corporate level  and portfolio companies’ level
        

Key performance indicator

          
        

Progress achieved

In 2016, Ardian launched the calculation of its carbon footprint at the Management Company level with external consultants who surveyed data from all of Ardian’s office worldwide (11 offices). Results of this carbon footprint is expected to lead to a concrete action plan which will allow Ardian to reduce GHG emission and set an example not only for the industry but also our portfolio companies.

06.2. Additional information.


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