FFP_REGISTRATION_DOCUMENT_2017

GROUP PRESENTATION

Employee-related, environmental and social information

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Tikehau Cwal

From 1 January 2018, the private debt and private equity teams must include an ESG clause in all of their investment-related contracts. This clause requires companies to commit to continuous improvement and to provide ESG information on an annual basis. Several working parties have been set up to review and improve the ESG scoring schedules for each business, including the development of a new tool for real-estate activities and liquid credit strategies. Limiting the group’s environmental footprint To limit its environmental footprint, the Tikehau Capital group adopts sorting, collection and recycling of its waste – paper, cardboard, plastic, metal, coffee capsules, etc. – where the local infrastructure permits. In 2017, the Paris office avoided more than 2,700 kg of CO 2 and preserved 86 trees. The group has also carried out a carbon audit covering scopes 1 and 2. The environmental footprint of liquid funds at 31 December 2017 will be made public in February 2018, which means that scope 3 will be partially covered.

ESG APPROACH Tikehau Capital is a signatory to the United Nations’ Principles for Responsible Investment (UN PRI), through which it has undertaken to analyse ESG criteria throughout the lifecycle of its investments. To speed up its efforts, Tikehau Capital recruited a manager focusing on CSR and ESG matters in 2017.

2017 HIGHLIGHTS

Continuing to factor ESG into investment processes

The collection of ESG data has been formalised through a questionnaire for private debt activities (for funds with more than €100 million of assets under management) and private equity activities (for holdings where the amounts invested exceed €10 million). The ESG questionnaire includes 16 questions aimed at assessing governance, along with investees’ workforce-related and environmental policies.

QUALITATIVE AND QUANTITATIVE INDICATORS

Governance

2016

2017

Proportion of directors who are independent

63.6% on the Supervisory Board Tikehau Capital’s Supervisory Board was formed after the company became an SCA (limited partnership with shares) as part of the reorganisation of the Tikehau Capital group that was initiated in 2016.

Percentage of Supervisory Board members who are female

45.5%

Number of Board meetings

4

Workforce-related/social Total workforce (permanent contracts for the group) Male/female breakdown: Total number of joiners Total number of leavers Total number of training hours Lost-time accident frequency rate Accident severity rate

31/12/2016* 138 57.2% male 42.8% female

31/12/2017* 196 63.8% male 36.2% female

36 16

84 31

760

1,575

None

One accident, resulting in 5 days of lost time.

Incentive policy, including share ownership

Second bonus share plan at the Tikehau IM level: 636 shares granted

First bonus share plan at the Tikehau Capital level: 716,760 shares granted.

Expenditure on corporate philanthropy/charitable donations

Around €210,000

Around €210,000

* Unaudited – consolidated scope (including 13 permanent employees at the Credit.fr subsidiary at 31/12/2017) + Tikehau Capital Advisors staff.

More details on Tikehau’s commitments can be found in its Registration Document.

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FFP

2017 REGISTRATION DOCUMENT