SFDR PAI statement report Inven Capital Sub-Fund D
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 D.
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 regular basis 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 first time in the year 2023 and will serve as a basis of reference in the next reporting periods. As of the end of 2023 Sub-Fund D had only one portfolio company. The main goal is to improve theavailability 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 indicator
Greenhouse gas emissions

Metric1. GHG Emissions

2. Carbon Footprint
3. GHG intensity of investee companies
4. Exposure to companies active in the fossil fuelsector
5. Share of non-renewable energy consumptionand production

Impact - 2023

1.1 Scope 1 GHG emissions (tonnes CO2e)
1.2 Scope 2 GHG emissions (tonnes CO2e)
1.3 Scope 3 GHG emissions (tonnes CO2e)
1.4 Total GHG Emission (tonnes CO2e)
Carbon Footprint (tonnes CO2e / MEUR)
GHG intensity of investee companies (tonnes CO2e /MEUR)
Share of investments in companies active in the fossil
fuel sector (%)
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 (%)
A - Agriculture, forestry and fishing (GWh/MEURrevenue)

6. Energy consumption intensity per high impact
climate sector

Biodiversity

7. Activities negatively affecting biodiversitysensitive areas

Water

8. Emissions to water

Waste

9. Hazardous waste and radioactive waste ratio

Social and employee matters

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

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

12. Unadjusted gender pay gap
13. Board gender diversity
14. Exposure to controversial weapons (antipersonnel mines, cluster munitions, chemicalweapons and biological weapons)

Impact - 2022

Change

0.2
0.1
6.8
7.1
0.5

n/a
n/a
n/an/an/an/an/an/an/an/a

104.1

n/an/a0.0%

n/an/a33.0%

n/an/aExplanation

Actions taken
The goal is to reduce emissions andcarbon footprint by implementing new
carbon-reduction initiatives.

We don't invest into companies
active in this sector.
The goal is to support increased
adoption of renewable energy
sources if possible.

0.000

n/an/aB - Mining and quarrying (GWh/MEUR revenue)
C - Manufacturing (GWh/MEUR revenue)
D - Electricity, gas, steam and air conditioning supply(GWh/MEUR revenue)
E - Water supply; sewerage; waste management andremediation activities (GWh/MEUR revenue)
F - Construction (GWh/MEUR revenue)
G - Wholesale and retail trade; repair of motor
vehicles and motorcycles (GWh/MEUR revenue)

0.000
0.000

n/a
n/a

n/a
n/a

0.020

n/an/a

0.000

n/a

n/a

0.000

n/a

n/a

0.000

n/an/a

H - Transporting and storage (GWh/MEUR revenue)

0.000

n/an/a

L - Real estate activities (GWh/MEUR revenue)
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 (%)
Tonnes of emissions to water generated by investee
companies per million EUR invested, expressed as aweighted average (tonnes of emissions to water /MEUR)
Tonnes of hazardous waste and radioactive waste
generated by investee companies per million EUR
invested, expressed as a weighted average (tonnes ofhazardous waste / MEUR)

0.000

n/an/a0.0%

n/an/aWe don't have investments close
to biodiversity related areas.

-n/an/a

Not relevant for our portfolio
companies.

-n/a

n/a

Not relevant for our portfolio
companies.

0.0%

n/an/aNo action considered as needed.

0.0%

n/an/aNo action considered as needed.

1.3%

n/an/aNo action considered as needed.

67.0%

n/an/aShare of investments in investee companies thathave been involved in violations of the UNGC
principles or 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 (%)
Average unadjusted gender pay gap of investee
companies (%)
Average ratio of female to male board members ininvestee companies, expressed as a percentage of allboard members (%)
Share of investments in investee companies involvedin the manufacture or selling of controversial
weapons (%)

0.0%

n/an/aNo action considered as needed.
We don't invest into companies
involved in weapons trade.

Additional PAI indicators
Adverse sustainability indicator

MetricEnvironmental

Investments in companies without carbon
emission reduction initiatives

SocialLack of a supplier code of conduct

Lack of anti-corruption and anti-bribery policies

Description of policies to identify andprioritise principal adverse impacts onsustainability factors
Engagement policies
References to international standards
Historical comparison

Share of investments in investee companies withoutcarbon emission reduction initiatives aimed ataligning with the Paris Agreement (%)
Share of investments in investee companies without
any supplier code of conduct (against unsafe working
conditions, precarious work, child labour and forcedlabour) (%)
Share of investments in entities without policies on
anti-corruption and anti-bribery consistent with theUnited Nations Convention against Corruption (%)

Impact - 2023

Impact - 2022

ChangeExplanation

Actions taken

0.0%

n/an/aNo action considered as needed.

100.0%

n/an/aSupport the portfolio companies tocreate and implement a suppliercode of conduct.

100%

n/an/aSupport portfolio companies tocreate anti-bribery and anticorruption policies.

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.
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 andsupport our mutual 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.
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 andcommunities, such as Invest Europe, VentureESG or Leaders for Climate action.
The comparison between years 2022 and 2023 is not available as 2023 is the first reporting year for Sub-Fund D.