SFDR PAI statement report Inven Capital Sub-Fund C
This report was generated by Worldfavor and should be used in PAI indicator reporting (for firm-level and when applicable product-level reporting)

Reporting year

2023

Summary

Inven Capital, SICAV, a.s. considers principal adverse impacts of its investment decisions on sustainability factors. Inven Capital, SICAV, a.s. had 4 sub-funds as of December 2023 (Sub-Fund A, Sub-Fund B, Sub-Fund C, Sub-Fund D). This statement presents principal
adverse impacts on sustainability factors of Inven Capital Sub-Fund C.
This statement on principal adverse impacts on sustainability factors covers the reference period from 1 January 2023 to 31 December 2023.
Our policies how we identify and prioritise principal adverse impacts on sustainability factors are described in detail in the document "Inven ESG policy" located on our website www.invencapital.cz in the section Info for investors. This document is updated on regularbasis and serves as a basis for our internal sustainalibility guideline first approved by the Board of Directors in January 2021. Principal adverse impacts are monitored throughout the whole investment process starting with the due diligence, during the holding period till
the exit.
Apart from the mandatory principal adverse impacts indicators we have selected 3 additional indicators that are most relevant for our portfolio companies that predominantly have an software based business models based on software innovation.
Data used in preparation of this Principal adverse impacts statement have been collected directly from the investee companies. They are small or medium sized private companies for which public data are not available.

Description of the principal adverse
impacts on sustainability factors

The principal adverse impact indicators were collected for the second time in the year 2023 and will serve as a basis of reference in the next reporting periods. The main goal is to improve the availability of data.
Based on the collected data we do not see any material adverse environmental or social impacts of our portfolio companies. Our companies are small and medium sized start-ups that develop mostly innovative software products and therefore material adverse
impact on environment and society is not expected.

Mandatory PAI indicators
Adverse sustainability indicatorImpact - 2023

Impact - 2022

1.1 Scope 1 GHG emissions (tonnes CO2e)35.8n/an/a

1.2 Scope 2 GHG emissions (tonnes CO2e)5.0n/an/a

1.3 Scope 3 GHG emissions (tonnes CO2e)6.8n/an/a

1.4 Total GHG Emission (tonnes CO2e)47.6n/an/a

2. Carbon Footprint

Carbon Footprint (tonnes CO2e / MEUR)

1.2n/an/a

3. GHG intensity of investee companies

GHG intensity of investee companies (tonnes CO2e /MEUR)

34.9

0.0n/a

4. Exposure to companies active in the fossil fuelsector

Share of investments in companies active in the fossil
fuel sector (%)

0.0%

0.0%

0%

We don't invest into companies
active in this sector.

5. Share of non-renewable energy consumption
and production

Share of non-renewable energy consumption andnon-renewable energy production of investee
companies from non-renewable energy sources
compared to renewable energy sources, expressed
as a percentage of total energy sources (%)

61.2%

0.0%

61.2%

Based on data from 2 out of 3
Sub-Fund C portfolio
companies.

6. Energy consumption intensity per high impact
climate sector

Energy consumption in GWh per million EUR ofrevenue of investee companies, per high impact
climate sector (GWh / MEUR)
A - Agriculture, forestry and fishing (GWh/MEURrevenue)

0.105

0.0%

10.5%

B - Mining and quarrying (GWh/MEUR revenue)

0.000

0.0%0.0%

C - Manufacturing (GWh/MEUR revenue)

0.000

0.0%0.0%

D - Electricity, gas, steam and air conditioning supply(GWh/MEUR revenue)

0.001

0.0%

0.1%

E - Water supply; sewerage; waste management andremediation activities (GWh/MEUR revenue)

0.000

0.0%

0.0%

F - Construction (GWh/MEUR revenue)

0.000

0.0%

0.0%

G - Wholesale and retail trade; repair of motorvehicles and motorcycles (GWh/MEUR revenue)

0.000

0.0%

0.0%

H - Transporting and storage (GWh/MEUR revenue)

0.000

0.0%

0.0%

L - Real estate activities (GWh/MEUR revenue)

0.000

0.0%

0.0%

Biodiversity

7. Activities negatively affecting biodiversitysensitive areas

Share of investments in investee companies withsites/operations located in or near to biodiversitysensitive areas where activities of those investee
companies negatively affect those areas (%)

0.0%

0.0%

0.0%

We don't have investments
close to biodiversity relatedareas.

Water

8. Emissions to water

Tonnes of emissions to water generated by investee
companies per million EUR invested, expressed as aweighted average (tonnes of emissions to water /MEUR)-0.0n/a

Not relevant for our portfolio
companies.

Waste

9. Hazardous waste and radioactive waste ratio

Tonnes of hazardous waste and radioactive waste
generated by investee companies per million EUR
invested, expressed as a weighted average (tonnes ofhazardous waste / MEUR)

-0.0

n/a

Not relevant for our portfolio
companies.

Social and employee matters

10. Violations of UN Global Compact principles
and Organisation for Economic Cooperation andDevelopment (OECD) Guidelines forMultinational Enterprises

Share of investments in investee companies thathave been involved in violations of the UNGC
principles or OECD Guidelines for Multinational
Enterprises (%)

0.0%

0.0%

0.0%

11. Lack of processes and compliancemechanisms to monitor compliance with UN
Global Compact principles and OECD Guidelines
for Multinational Enterprises

Share of investments in investee companies without
policies to monitor compliance with the UNGC
principles or OECD Guidelines for Multinational
Enterprises or grievance/ complaints handlingmechanisms to address violations of the UNGC
principles or OECD Guidelines for Multinational
Enterprises (%)

94.1%

100.0%-5.9%

12. Unadjusted gender pay gap

Average unadjusted gender pay gap of investee
companies (%)

0.1%

n/an/aGreenhouse gas emissions

Metric1. GHG Emissions

6. Energy consumption intensity per high impact
climate sector

ChangeExplanation

Actions taken

Based on data from 2 out of 3 SubFund C portfolio companies.

The goal is to reduce emissions of companies wheremeasured by implementing new carbon-reduction
initiatives and implement the measurement in othercompanies in the next reporting period.

Based on data from 2 out of 3
Sub-Fund C portfoliocompanies.

The goal is to reduce the carbon footprint ofcompanies where measured by implementing new
carbon-reduction initiatives in the next year.

The goal is to implement the measurement in all
portfolio companies and support adoption ofrenewable energy sources in most of ourportfolio companies.

Implemented in 1 portfolio
company out of 3 companies.

We aim to introduce UN Global Compact
principles and OECD Guidelines for Multinational
Enterprises to portfolio companies that are notfamiliar with them.

Reported by 1 portfolio
company.

We aim to implement the measurement inremaining portfolio companies as a first step andthen focus on initiatives which would decrease
the gap where possible.
Our approach is to act as advocates for morediverse boards in all our portfolio companies.
However, as the board members are mainly
representatives of other investors, it is influenced
by their DEI approach. We have currently
identified the independent board member / chairperson role as the most efficient way how to
influence board diversity.

13. Board gender diversity

Average ratio of female to male board members ininvestee companies, expressed as a percentage of allboard members (%)

27.2%

17.0%

10.2%

Reported by all companies.

14. Exposure to controversial weapons (antipersonnel mines, cluster munitions, chemical
weapons and biological weapons)

Share of investments in investee companies involvedin the manufacture or selling of controversialweapons (%)

0.0%

0.0%

0.0%

We don't invest into companies
involved in weapons trade.

Additional PAI indicators
Adverse sustainability indicator

MetricImpact - 2023

Impact - 2022

Change Explanation

Actions taken

94.1%

100.0%-5.9%

Existing in 1 portfolio company
out of 3 companies.

Support portfolio companies to create andimplement these initiatives.

Environmental

Investments in companies without carbon
emission reduction initiatives

Share of investments in investee companies withoutcarbon emission reduction initiatives aimed ataligning with the Paris Agreement (%)

SocialLack of a supplier code of conduct

Share of investments in investee companies without
any supplier code of conduct (against unsafe working
conditions, precarious work, child labour and forcedlabour) (%)

5.9%

0.0%

5.9%

2 companies out of 3 portfolio
companies have a Supplier
Code of Conduct.

Support portfolio companies to create andimplement a supplier code of conduct.

Lack of anti-corruption and anti-bribery policies

Share of investments in entities without policies on
anti-corruption and anti-bribery consistent with theUnited Nations Convention against Corruption (%)

0.0%

0.0%

0.0%

Some companies have anticorruption rules included in theCode of Conduct policy.

Support portfolio companies to create antibribery and anti-corruption policies.

Description of policies to identify andprioritise principal adverse impacts onsustainability factors

Please refer to our document "Inven ESG policy" located in the section Info for investors on our website www.invecapital.cz for detailed description how we identify and evaluate the principal adverse impacts.

Engagement policies

Inven is usually a minority shareholder, however, if possible we require a board seat in our portfolio companies to be aware of and be able to influence the situation in our companies. We monitor our investments on regular basis, communicate with relevant stakeholders to ensure and support ourmutual cooperation (where possible setting up ESG committees at the boards), including separate dialogues with our investee companies on ESG matters. We try to support our investees in establishing their own ESG processes which are aligned with market best practices.

References to international standards

We adhere to international reporting and valuation standards (IPEV). We have a responsible code of conduct policy included in our fund internal guidelines that follows the principals of Czech and international law. We are members of various international organizations and communities, such as
Invest Europe, VentureESG or Leaders for Climate action.

Historical comparison

The comparison between years 2022 and 2023 is complicated due to different number of portfolio companies in 2022 compared to 2023 (1 vs 3 companies in 2023) as well as various availability of data between companies. However, we can see improvement in the carbon footprint calculations thatwas implemented in the portfolio company we have held for 2 years already. Also, board gender diversity has improved compared to 2022.