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SUSTAINABILITY

Deutsche Beteiligungs AG has committed itself to the principles of sustainable corporate behaviour. The focus is on the criteria of corporate governance, business ethics, employment and social affairs, as well as the environment. When it comes to the investment process and the future disposal of our portfolio companies, as well as managing our company, taking responsibility for the impact that our decisions have on others, both now and in the future, is consistent with the long-term nature of our business.

CORPORATE GOVERNANCE

CONVICTION AND VALUES:
APPLYING EVEN BEYOND OUR COMPANY

As a company with firmly established ethical and social principles, we attach a great deal of importance to ensuring that our portfolio companies also meet our high standards and that any negative impact on nature is kept to a minimum. Due to the allocation of roles between our portfolio companies and DBAG, we exert our influence when directly selecting an investment. During the holding period, we have an indirect influence by taking offices on advisory councils and supervisory boards.

IN BRIEF

COMMITMENT: SUSTAINABILITY GUIDELINES AND GERMAN CORPORATE GOVERNANCE CODE
Development can only be deemed sustainable when it not only meets our current needs but also meets those of future generations. For us as a private equity company, this commitment encompasses both the integration of the principles for responsible investment into our investment process, as well as providing support to our portfolio companies, including when they are sold in the future, and corporate governance issues. We have set out our sustainability principles in a separate Sustainability Guideline.

In addition, we have consistently followed nearly all of the recommendations and suggestions of the German Corporate Governance Code since its introduction. Before the investment is made, we examine opportunities and risks linked to compliance or non-compliance with ESG criteria using a due diligence process. Even afterwards, we keep the ESG development of our companies in full view and we work in close cooperation with them to improve the relevant criteria.

BUSINESS ETHICS

COMPREHENSIVE COMPLIANCE SYSTEM: ZERO TOLERANCE FOR NON-COMPLIANCE
Ensuring that statutory provisions are adhered to within Deutsche Beteiligungs AG itself and in the portfolio companies we lend our support to is an absolute must for us. This is an area in which we pursue a zero tolerance approach. We are strictly against all forms of corruption or other unethical business practices. In order to meet these high compliance standards both within our Company and in our dealings with our portfolio companies, we have introduced an extensive compliance system that documents and regulates our commitment to compliance. Our aim, as a private equity company, is not just to ensure adherence to set compliance standards by our employees. Rather, DBAG is also committed to cooperating with advisory councils and supervisory committees in order to establish and enhance compliance systems at its portfolio companies.

Our code of conduct sets out our central values and guiding principles. Our Compliance Guideline includes detailed regulations and implementing provisions on individual areas of compliance, such as expenditure on business trips, hospitality, dealing with gifts and invitations, employee transactions, equal treatment and IT. There are clear regulations in place governing the organisation and monitoring of the compliance system; this includes the further development of the system and ensuring that employees are provided with information on a regular basis.

There are similarly clear regulations in place governing compliance in the investment process. When new investments are evaluated, these provisions apply in the due diligence process. We have also set out clear guidelines on what we expect from the compliance systems established at portfolio companies and do everything in our power to ensure that these standards are met.

EMPLOYMENT & SOCIAL AFFAIRS

EMPLOYEES: THE BEST POSSIBLE WORK ENVIRONMENT FOR ALL EMPLOYEES
We want to offer all DBAG employees the best possible working environment. After all, we acknowledge that our employees are our most important resource. We put the same amount of emphasis on our culture of respect, openness and flat hierarchies as we do on our professionalism, stable processes and ongoing professional development. Our remuneration system ensures that all employees participate in the Company’s success.

In relation to the size of the Company, DBAG invests an above-average amount in training. We had six apprentices working for us at the most recent reporting date; this corresponds to around 9 percent of our workforce.

FOUNDATION: SOCIAL AND CULTURAL COMMITMENT
The charitable foundation “Gemeinnützige Stiftung der Deutschen Beteiligungs AG” forms the basis of DBAG’s ongoing social and cultural commitment. The foundation aims to support active and former employees of current and previous portfolio companies and their relatives in times of need. The DBAG foundation also promotes the arts and cultural projects in the greater Frankfurt area.

ENVIRONMENT

CARBON DISCLOSURE PROJECT: CONTINUOUS REDUCTION IN GREENHOUSE GAS EMISSIONS
DBAG has been involved in the Carbon Disclosure Project (CDP) surveys since 2011. The CDP is a global non-profit organisation that represents major institutional investors. It collects data on company greenhouse gas emissions (among other things) on behalf of institutional investors. Participating in the CDP allows us to meet the investors’ and the general public's demands for transparency. The annual survey provides us with a good pool of data to facilitate continuous improvements in our level of CO2 emissions.

Our business model means that our carbon footprint is relatively small. It is influenced primarily by the operation of our business premises, as well as by the use of company vehicles and by the business trips that our employees make. As in previous years, the CDP has also confirmed our above-average emissions management for the financial year 2016/2017.