Appendix No. 2
Periodic disclosures for the financial products according to Article 8 SFDR
Sustainable
investment means
an investment in an
Product name: Inven Capital – Podfond D (“Sub-Fund D”)
economic activity
Legal entity identifier: 75163861 (NIČ of Sub-Fund D)
that contributes toan environmental orsocial objective,
provided that theinvestment does not
significantly harm
Did this financial product have a sustainable investment objective
any environmental orsocial objective andYes
No
that the investee
companies follow
It made sustainable
It promoted Environmental/Social (E/S)
good governancecharacteristics andinvestments with anpractices.
while it did not have as its objective aenvironmental objective: ___%

Environmental and/or social characteristics

The EU Taxonomy isa classification
system laid down inRegulation (EU)2020/852,
establishing a list ofenvironmentally
sustainableeconomic activities.
That Regulation
does not lay down alist of sociallysustainableeconomic activities.
Sustainable
investments with anenvironmental
objective might bealigned with theTaxonomy or not.

in economic activities that
qualify as environmentally
sustainable under the EUTaxonomy
in economic activities that donot qualify as environmentallysustainable under the EU
Taxonomysustainable investment, it had a proportion of___% of sustainable investmentswith an environmental objective in economic
activities that qualify as environmentally
sustainable under the EU Taxonomy
with an environmental objective ineconomic activities that do not qualify asenvironmentally sustainable under the EU
Taxonomywith a social objective

It made sustainable investmentswith a social objective: ___%

It promoted E/S characteristics, but did not
make any sustainable investments

To what extent were the environmental and/or social characteristics promotedby this financial product met
Environmental and social characteristics promoted by Sub-Fund D
Our investment strategy intends to promote environmental or social characteristics, or a
combination of those characteristics, provided that the companies in which the investments
are made follow good governance practices in accordance with Article 8 of Regulation (EU)2019/2088 of the European Parliament and of the Council, on the disclosure of information1

related to sustainability in the financial services sector, as amended (hereinafter referred toas the "SFDR").
Sub-fund D committed to investing in a responsible way by actively integrating
environmental, social and governance considerations into our investment selection andongoing monitoring process. Specifically, Sub-fund D aims at:a)investing into companies where we see a commitment towards ESG goals,b)supporting these companies with the process of defining their own ESG strategy
and policy as well as their implementation,c)ensuring that the companies in which the Sub-Fund D invests ideally benefit
investors, society and the environment.
We monitor several metrics during our investment process that are listed in our ESG policy(document Inven ESG policy) published on our website www.invencapital.cz in the section
Info for Investors.
The ESG metrics we consider in our investment process can be divided into the following
areas: general environment, carbon footprint, material management, supply chain,employees, customers, community, diversity and inclusion, general governance and boardof directors.
How did the sustainability indicators perform?
Performance of ESG characterictics promoted by Sub-Fund D in 2023
Sustainabilityindicators measure
how theenvironmental orsocial
characteristics
promoted by thefinancial productare attained.

In 2022 we formulated our ESG policy and framework in a structured way during 2022 (asdescribed in detail in our Inven ESG policy on our website In 2023, we then implemented theWorldfavor professional platform, through which we obtained sustainability indicators for2023. These are summarized in several broad categories below.
In 2023, Sub-Fund D invested in the first portfolio company, so there is only one company inthe portfolio of Sub-Fund D as of 31/12/2023.
General commitment towards ESG
The commitment to sustainability goals is demonstrated by Sub-Fund D especially in theenvironmental area, where it mainly deals with issues of biodiversity, climate change, waste
and water management.
Environmental metrics
Sub-fund D promotes environmental properties. The Subfund's portfolio company
formulated goals for reducing its carbon footprint and achieving carbon neutrality by 2050.
In 2023, the company measured its carbon footprint (scope 1, 2 and 3).
Social metrics
Sub-fund D promotes social properties. In the social area, we focused in particular on theanalysis of the workforce, the supply chain and guidelines in the field of data protection andIT.
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The company of Subfund D employed an average of 33% of women in 2023, the same ratioof women was also on the company's board of directors. We did not obtain data regarding
the directives in 2023.
Governance metrics
In the area of governance, we monitored the functioning of the board of directors and theexistence of some basic mechanisms such as whistleblowing and anti-corruption measures.
The company formulated an anti-corruption policy in 2023.
…and compared to previous periods?
Principal adverse
impacts are themost significant
negative impacts ofinvestment
decisions onsustainability factors
relating toenvironmental,social and employee
matters, respect forhuman rights, anticorruption and antibribery matters.

Data from previous reporting periods are not available as 2023 is the first reporting
period for Sub-Fund D.
What were the objectives of the sustainable investments that the financial
product partially made and how did the sustainable investment contribute to suchobjectives?
The intention of Subfund D is not to make sustainable investments.
How did the sustainable investments that the financial product partially made notcause significant harm to any environmental or social sustainable investment
objective?
How were the indicators for adverse impacts on sustainability factors taken
into account?
The intention of Subfund D is not to make sustainable investments.
Were sustainable investments aligned with the OECD Guidelines forMultinational Enterprises and the UN Guiding Principles on Business andHuman Rights? Details:
N/A

How did this financial product consider principal adverse impacts onsustainability factors?
Even thought Sub-Fund D did not make any sustainable investments, it considered theprincipal adverse indicators on sustainability. In June 2024 Sub-fund D will publish thePrincipal adverse sustainability impacts statement defined in Appendix 1 of Commission
Delegated Regulation (EU) 2022/1288 of the European Parliament and of the Council, asamended ("RTS") on Inven’s website Inven Capital in the section Info for investors.
Sub-fund D will take into account the following adverse sustainability impacts:• emissions of greenhouse gases,• carbon footprint,• the intensity of greenhouse gas emissions of companies in which investments aremade,• exposure to companies operating in the fossil fuel sector,• share of energy consumption and production from non-renewable sources,3• the intensity of energy consumption by sector with a high impact on the climate,• activities with a negative impact on areas sensitive to biological diversity,• emissions into water,• share of hazardous waste and radioactive waste,• violation of the principles of the United Nations Global Compact and the guidelinesof the Organization for Economic Cooperation and Development (OECD) for
multinational enterprises,• missing procedures and mechanisms for monitoring compliance with the principlesof the UN Global Compact and OECD guidelines for multinational enterprises,• the unadjusted difference in the remuneration of women and men,
• gender diversity in the board of directors,• exposure to controversial weapons (anti-personnel mines, cluster munitions,chemical and biological weapons),• investments in companies without initiatives to reduce carbon emissions,• missing supplier code of conduct,• missing policies in the area of combating corruption and bribery.

What were the top investments of this financial product?
The list includes theinvestments
constituting thegreatest proportionof investments ofthe financial productduring the reference
period which is:
1.1.2023-31.12.2023

Largest investments

Sector% Assets

Country

Hydrogrid

Energy100%

Austria

What was the proportion of sustainability-related investments?
It is not relevant, as the intention of Subfund D is not to make sustainable investments.
What was the asset allocation?

Asset allocation
describes theshare ofinvestments inspecific assets.

Investments#1 Aligned with E/Scharacteristics = 99%#1B Other E/Scharacteristics = 100%

#1 Aligned with E/S characteristics includes the investments of the financial product used to attain theenvironmental or social characteristics promoted by the financial product.

#2 Other includes the remaining investments of the financial product which are neither aligned with theenvironmental or social characteristics, nor are qualified as sustainable investments.

In which economic sectors were the investments made?
The investments were made into the energy sector.
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To what extent were the sustainable investments with an environmental
objective aligned with the EU Taxonomy?
The intention of Subfund D is not to make sustainable investments.
Did the financial product invest in fossil gas and/or nuclear energy related
activities complying with the EU Taxonomy?
YesNo

In fossil gas

In nuclear energy

Sub-fund D does not pursue the objective of sustainable investments in the reference
period, however, it is gradually preparing to implement the screening of sustainable
The EU taxonomy sets out the "do no significant harm" principle, according towhich investments that comply with the taxonomy should not significantly harmthe objectives of the EU taxonomy, and is complemented by specific Union criteria.
The "do no significant harm" principle applies only to those underlying investmentsof the financial product that take into account the EU criteria for environmentally
sustainable economic activities. The underlying investments of the remaining partof this financial product do not take into account the EU criteria forenvironmentally sustainable economic activities.
Even other sustainable investments must not significantly harm any
environmental or social goals.
economic activities at its portfolio companies in accordance with Regulation (EU)2020/852 of the European Parliament and of the Council of 18 June 2020 on theestablishment of a framework for facilitating sustainable investments, as amended (EUTaxonomy”). Due to the lack of available data and the readiness of companies to report
this data, we consider the compliance of Subfund D's portfolio with the EU taxonomy
to be 0% by the end of 2023. The companies in which Subfund D has invested areprivate start-ups whose data is usually not publicly available.
We are currently working on taxonomy screening implementation and will present theresults in the following reporting periods.
What was the share of investments made in transitional and enabling activities?
There were no investments in transitional and enabling activities.
How did the percentage of investments that were aligned with the EU Taxonomy
compare with previous reference periods?

5Currently, it is not the intention of Sub-Fund D to make sustainable investments.
The percentage share of these investments has therefore not changed compared tothe previous reference period.

What was the share of sustainable investments with an environmental
objective not aligned with the EU Taxonomy?
Based on data from the current reference period, Sub-Fund D does not holdsustainable investments with an environmental objective.

What was the share of socially sustainable investments?
Sub-fund D does not follow the objective of sustainable investments.

What investments were included under “other”, what was their purpose and were
there any minimum environmental or social safeguards?
N/A

What actions have been taken to meet the environmental and/or social
characteristics during the reference period?
Inven's investment managers actively monitoring the activities of portfolio companies
and participating in the meetings of the boards of directors of the given companies (inmost companies, Inven has a member on the board of directors). In 2023, investment
managers presented the results of their sustainability data collection to their portfolio
companies and presented Invenu's sustainability strategy. Inven evaluated companies'
approach to sustainability using the Worldfavor reporting platform, its questionnaires
and subsequent interviews with company representatives. Based on the evaluation of
the established facts, Inven helps its portfolio companies set priorities and goals in thearea of sustainability depending on the individual needs of each company.
Regular monitoring (at least annually) was set up and will happen in the first quarter of
each year.

How did this financial product perform compared to the reference benchmark?
We haven’t designated any reference benchmark for this financial product.
How does the reference benchmark differ from a broad market index?
N/A6

Reference
benchmarks areindexes tomeasure whether
the financial
product attains theenvironmental orsocialcharacteristics thatthey promote.

How did this financial product perform with regard to the sustainability indicators
to determine the alignment of the reference benchmark with the environmental
or social characteristics promoted?
N/A
How did this financial product perform compared with the reference benchmark?
N/A
How did this financial product perform compared with the broad market index?
N/A

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