This very early observation, led Truffle Capital to sign the United Nations Principles for Responsible Investment (PRI) in January 2012 . Thus, Truffle Capital was one of the first players in the French private equity market committed to respect the 6 main principles of this key initiative for the development of responsible finance.

Truffle Capital believes that good management of environmental, social and governance (ESG) factors improves the management of the risk as a whole and maximises returns on a portofolio over the long term.

Societal impacts

esg.jpg

Integrating ESG criteria to Truffle Capital’s historical investment strategy

By focusing primarly on life sciences and digital technologies, Truffle Capital is well-placed to ensure that its investments can have a positive impact on society. This objective to controle the impact of its investment, which constitutes the first pillar of its responsible investment approach, is reinforced by an exclusion policy which aims, as a corollary, further the positive repercussions of its investments.

ESG

esg_3.jpg

Integrating ESG criteria at all stages of its investment process in order to align the company with the best industry standards

The key principles of PRI engagement embraced by Truffle Capital have been embodied in a Responsible Investment (RI) Policy and the inclusion of ESG factors in Truffle's analysis and investment process, as well as in its active shareholding approach.

Disclosure Regulation

esg_2.jpg

Management company's policy regarding the Disclosure Regulation

Most of the provisions of Regulation (EU) 2019/2088, known as the Disclosure Regulation or SFDR, Sustainable Finance Disclosure Regulation, came into force on March 10, 2021. In particular, they concern the identification of sustainability risks that could affect the value of the investment (financial risk) and whether or not negative impacts are taken into account (non-financial risks of an investment that could in the medium / long term have a negative impact on the social or natural environment).

In 2022, Truffle Capital has classified the Truffle Innov FRR France fund as "Article 8" within the meaning of SFDR regulations for its promotion of environmental and social characteristics.

In 2023, Truffle Capital has classified the Truffle Medeor and Truffle Fintech Scale-Ups funds as "Article 8" within the meaning of SFDR regulations for their promotion of environmental and social characteristics.

These funds are Fonds Professionnel de Capital Investissement (FPCI) created and managed by Truffle Capital, and are dedicated solely to financing innovative French companies in the life sciences and information technology sectors.

These funds are exclusively dedicated to professional investors. The management of these funds requires discretionary dialogue with investors, in order to protect non-public and confidential information relating to their operation. As a result, information about these funds cannot be made public on the Truffle Capital website. Communication about these funds is carried out via dedicated exchange platforms.

In order to comply with the regulatory requirements linked to the SFDR Regulation, Truffle Capital has provided investors with all the information required in line with the fund's "Article 8" classification and the required transparency and reporting standards, in compliance with the Regulatory Technical Standards (RTS).

In 2022, Truffle Capital classified the Truffle Innov FRR France fund as "Article 8" under SFDR for its promotion of environmental and social characteristics.

This fund is a “Fonds Professionnel de Capital Investissement” (FPCI) created and managed by Truffle Capital, and is dedicated solely to financing innovative French companies in the life sciences and IT sectors.

This fund is not marketed to the public and is dedicated exclusively to an institutional investor. Communication about this fund is therefore limited and its management requires a discretionary dialogue with the investor, in order to protect non-public and confidential information related to its operation. As a result, information relating to this fund cannot be made public on the Truffle Capital website.

Nevertheless, in order to comply with the regulatory requirements linked to the SFDR Regulation, Truffle Capital has provided investors with all the information required in line with the fund's "Article 8" classification and the transparency and reporting standards required, in accordance with the Regulatory Technical Standards (RTS).