EURAZEO_REGISTRATION_DOCUMENT_2017

2 CSR in the investment policy

EURAZEO’S CORPORATE SOCIAL RESPONSIBILITY

CSR in the investment policy 2.1

2.1.1

RESPONSIBLE INVESTMENT

Eurazeo provides companies with all the human, financial and technical resources needed to support and transform businesses. This phase is based on a roadmap allowing the deployment of a pragmatic and value-creating CSR approach as well as the completion of annual CSR reporting. During the divestment phase, which consists in materializing the value • created, Eurazeo is committed to measuring the CSR performance of companies in environmental, social, societal and financial matters through CSR vendor due diligence procedures on 100% of prospective divestments. During this phase, Eurazeo assesses the progress made by the Company since its acquisition, demonstrating the value created by the Company’s CSR approach. The approach consisting in measuring avoided impacts serves to value the environmental, social and financial impact of the CSR initiatives undertaken by investments. Reflecting its goal of integrating CSR issues throughout the investment cycle, Eurazeo contributes to acknowledged initiatives such as the Principles for Responsible Investment (PRI), the United Nations Global Compact and the Shift Project, and is heavily involved in organizations including: the Investors’ Association for Growth (France Invest), where Olivier • Millet (Chairman of the Executive Board of Eurazeo PME) currently serves as Chairman and founder of the ESG Commission (2009); Invest Europe, where Erwann Le Ligné (member of the Executive • Board of Eurazeo PME) became Deputy Chairman of the Responsible Investment Roundtable in 2017; the Women’s Forum for the Economy and Society and Human • Rights Watch, where Virginie Morgon (Chairwoman of Eurazeo’s Executive Board) has served as Deputy Chair (Paris Committee) and Co-Chair respectively since 2017; Initiative Climate 2020 (iC20), the first collective commitment by the • private equity industry in the fight against climate change, jointly created by Eurazeo alongside four other private equity firms, where Noëlla de Bermingham (Eurazeo's CSR manager) has been in charge of coordinating the action of the 18 signatories since 2017.

STRATEGY As a long-term shareholder, Eurazeo has made Corporate Social Responsibility (CSR) an integral part of its business, firmly believing that CSR is a key factor in the performance and sustainability of companies. The role of a responsible shareholder is to help reveal the value-creation potential of each investment. To this end, Eurazeo contributes the time and resources necessary for the Company’s transformation, while combining economic development, social progress, reduced environmental impacts and balanced governance. Eurazeo supports its investments, encouraging them to act responsibly in the interest of all stakeholders. After initiating a CSR approach in 2008, Eurazeo formalized and strengthened its commitment to CSR in 2014, in the form of a strategy setting out targets for 2020. Eurazeo’s CSR vision is structured around a practical approach focused on continuous progress that extends well beyond the investment horizons of its investments. This CSR strategy is integrated at each stage of the investment cycle: During the identification phase which consists in assessing a • company’s growth potential, Eurazeo is committed to performing CSR due diligence on 100% of prospective acquisitions undergoing advanced review. During this phase, CSR serves to enrich the analysis of the sector and the target company, and to obtain an in-depth understanding of the various risks and opportunities related to the target company. During the acceleration phase, which consists in leveraging all • growth drivers, Eurazeo encourages companies to establish exemplary governance, to create sustainable value and to be a vehicle for change in society.

INTEGRATION OF THE CSR STRATEGY WITHIN THE VARIOUS STAGES OF THE INVESTMENT CYCLE

1. IDENTIFY

2. ACCELERATE

3. ENHANCE

1 INVEST RESPONSIBLY Ambition: integrate CSR at all stages of the investment cycle

2020 objective: 100% of due diligence in the advanced study phase of acquisitions to include a CSR Section

2 ESTABLISH EXEMPLARY GOVERNANCE

2020 objective: 100% of divestment operations to include CSR information

Ambition: ensure that all companies have exemplary governance bodies 3 CREATE SUSTAINABLE VALUE Ambition: ensure that all companies have a CSR progress plan 4 BE A VECTOR OF CHANGE IN SOCIETY Ambition: ensure that all companies improve their societal footprint

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2017 Registration document

Eurazeo