Wendel : ESG brochure 2022

2022

B u i l d i n g

s u s t a i n a b l e l e a d e r s

- E S G B R O C H U R E

- C O N T E N T S
Manifesto. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	p. ..03. . . . . . . . .
To us, ESG means….. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	.p.. 04. . . . . . . . . . . . . . . .
Editorial from the Executive Board. . . . . . . . . . . . . . . . . . . . . . . .	p. ..06. . . .
Our mission and values.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	p. . 08. . . . . . . . . . . . . . .
Highlights............................................... . . .. . . . . . . . . . .. . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . ..	p. 10
Extra-financialratings.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	p...14. . . . . . . . . .
Endowment fund.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	p. ..15. . . . . . . . . . . . .
Business model.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	.p.. 16. . . . . . . . . . . . . . . . . . . . . . .
Wendel's ESG approach.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	. p.. .18. . . . . . . . . . . . . .
Wendel as a responsible company.. . . . . . . . . . . . . . . . . . . . . . . . . .	p.. 20. . . . . . . . .
ESG in our investment business.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	p.. 28. . . . . . . . . . . .

Engaged companies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .p.. .36. . . . . .

Roadmap.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .p.. 46. . . . . . . . . . . . . . . .

Designed and published by: All Contents - June 2022..

Photo credits: Antoine Doyen, Bureau Veritas, Constantia Flexibles, CPI, Stahl, Getty images, Ellen Coopers Paris..

- M A N I F E S T O

For Wendel, Environmental, Social and Governance (ESG) responsibility is much more than a mere passing trend. Three centuries of history led by several generations of entrepreneurs, industrialists and investors have forged the Group's line of conduct. Wendel's ESG approach is based on responsibility and is rooted in a firm belief in the core values of Engagement, Excellence, and Entrepreneurial spirit. These values drive Wendel's actions both as a company and an investor to achieve its mission: partnering with talented management teams to build sustainable, leading companies, whose performance in the long term will create lasting value for all stakeholders. In order to carry out its mission, Wendel has defined an ESG strategy. As a professional shareholder investing for the long term, the Group wants to have a positive impact on society and contribute to a sustainable future. Wendel is determined to become a role model for its peers, by having a responsible attitude in the way it conducts its projects and by supporting its companies in their transformation to become sustainable leaders.

"Wendel is committed to promoting sustainable value creation, which means not only seeking financial returns

but also implementing solid changes

that create long-term value. Wendel's ESG responsibility permeates all levels of the organization, and is reflected

in my daily missions as an investor."

ELISA PHILIP

Senior Associate

To us,

ESG means…

"We have adopted an exemplary approach towards our stakeholders: we regularly communicate our ESG performance to the financial community, support the main responsible commitments made by our sector, and engage our employees and our value chain in our sustainable practices. On a day-to-day basis, this translates into sustained support for portfolio companies to ensure that their extra-financial information complies with the highest standards of transparency and that their ESG approach is fully integrated into their business strategy."

CHRISTINE ANGLADE PIRZADEH

Director of Sustainable Development

and Communications, Executive Board Advisor

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"For a listed company, ESG is a key element in the decision-making parameters of investors. As both an investor and a listed company, we need to make our ESG strategy efficient, clear and easily identifiable to our credit and equity investors."

OLIVIER ALLOT

Director of Financial Communication and Data Intelligence

"As a member of Wendel's Supervisory Board and its Governance and Sustainability Committee, and as

a representative of its principal family shareholder, I am particularly sensitive to the ESG dimension and am pleased to see the extent to which it has been part of Wendel's policy in recent years. At Wendel, this is reflected at every stage of the investment process, with

a responsible investment procedure and the setting and monitoring of demanding ESG objectives for portfolio companies."

PRISCILLA DE MOUSTIER

Member of Wendel's Supervisory Board, member of the Governance and Sustainability Committee, Chairwoman of Wendel-Participations

"Wendel's emphasis on ESG issues forces us to ask the right questions of the management of our portfolio companies, particularly with regard to the risks and opportunities for value creation in relation to environmental transition issues. On a daily basis, this translates into more rigorous and systematic work, and the construction

of action plans with quantified objectives on which we can challenge and support our teams."

JÉRÔME RICHARD

Operating Partner

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