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Home > Extendam > ESG Policy

Extendam’s ESG Policy

Since its founding, EXTENDAM has embedded environmental and social responsibility at the core of its investment DNA. We are committed to addressing the structural sustainability challenges of the hospitality industry, ensuring that our growth creates a positive and lasting impact for both the sector and the regions where we invest.

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EXTENDAM’s Responsible Investment Policy

In 2023, EXTENDAM scaled up its ESG policy by building out specialized non-financial expertise in asset evaluation, monitoring, and reporting. Our goal is to lead the integration of ESG standards within the Private Equity space. In practice, our investment process includes :

  • Pre-investment evaluation: Our management team assesses the current and potential integration of ESG criteria by target SMEs.
  • Environmental audit: An audit of underlying assets is conducted by an independent provider within 6 months of acquisition, resulting in an Environmental Rating from A to E.
  • Annual ESG reporting: Invested SMEs provide annual reports, complemented by a constant ESG dialogue between EXTENDAM and the companies.
  • Environmental Rating update: Ratings are updated every 2 years, with an objective to improve the rating by 1 to 2 levels (depending on the initial score) between acquisition and disposal by EXTENDAM.

Investments must comply with our exclusion policy, which is based on conviction-led exclusions. EXTENDAM prohibits the financing of any activity involving the sale of tobacco or weapons, or related to gambling.

Finally, to further contribute to reducing CO ₂ emissions, EXTENDAM excludes any investment in hotel holdings using coal as a heating energy source.

Signatory of the Principles for Responsible Investment (PRI) since May 2019

EXTENDAM has implemented an active and rigorous Responsible Investor approach, reflected since 2019 in its adherence to the UN-supported PRI.

This approach is based on the conviction that companies integrating ESG issues into their strategy offer better long-term prospects and will be among tomorrow’s sector leaders. Consequently, they are expected to achieve superior long-term performance while providing broader Value-add for the environment and society.

Events

EXTENDAM initiates two major annual events for the hospitality industry.

La Matinale Extendam

The “Matinales”

“The EXTENDAM Hospitality Matinale,” held as regional editions and thematic sessions (such as the “Bank Tourism Club Matinale”), in collaboration with Bpifrance. These events prioritize topics related to Corporate Social Responsibility (CSR) within the hotel and catering sector.

La fabrique du tourisme

La Fabrique du Tourisme

“La Fabrique du Tourisme” A think tank initiated alongside Bpifrance, MKG Consulting/HospitalityOn, and ESSEC Business School. Its goal is to foster the emergence and widespread adoption of more responsible professional practices adapted to a new global context through events and published reports.

 

Everything you need to know about our ESG Policy

  • Which regulatory frameworks govern Extendam’s activities?

    Extendam’s operations are governed by several regulatory frameworks, including:

    • Sustainable Finance Disclosure Regulation (SFDR – Regulation (EU) 2019/2088): This requires transparency on how ESG criteria are integrated into investment decisions for all funds. It also mandates the promotion of environmental and social characteristics for vehicles classified as “Article 8.”

      Note: Since 2023, all new vehicles established by Extendam fall under Article 8 of the SFDR.

    • European Taxonomy (Regulation (EU) 2020/852): A classification system for sustainable economic activities.

      Note: While vehicles managed by Extendam promote environmental and social characteristics, they do not qualify as “sustainable investments” as defined by the regulation. Therefore, these vehicles do not commit to aligning their investments with the European Taxonomy.

    • Article 29 of the French Energy-Climate Law: This mandates transparency regarding non-financial practices, specifically how climate and biodiversity challenges are factored into risk management and investment decisions.

      Note: The non-financial report published in compliance with Article 29 for the 2024 fiscal year is accessible here.

  • Why integrate ESG criteria into hospitality investment?

    We are convinced that integrating ESG criteria into hotel investments allows us to:

    • Meet the evolving expectations of both travelers and investors.
    • Enhance asset value by optimizing environmental and social performance.
    • Anticipate future regulations to protect long-term investment value.

  • How can hotels reduce their environmental footprint?

    Hotels can implement several strategies, including:

    • Energy-efficient renovations: Thermal insulation, LED lighting, optimization of heating and cooling systems, centralized management systems (BMS), and the installation of renewable energy equipment.
    • Operational management adjustments: Strategies aimed at waste reduction as well as water and energy savings.
    • Awareness programs: Encouraging staff and guests to adopt more virtuous behaviors (regarding transport, activities, food sourcing, and sustainable consumption).
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Disclaimers

Financial Information: The content of this website is exclusively intended for investors falling under one of the categories listed in Article 423-49-I of the General Regulation of the French Financial Markets Authority (Autorité des marchés financiers – AMF), Article L.214-160-I of the French Monetary and Financial Code (Code monétaire et financier), and as referred to in the regulations of the investment vehicles managed by EXTENDAM. The information on this website shall not be construed as an offer or solicitation for a transaction in any jurisdiction where such an offer or solicitation would be unlawful, or where the person making such an offer or solicitation is not authorized to act. The information on this website is provided for informational purposes only and does not constitute active marketing, a personal recommendation, or investment advice.

The regulations of each country regarding the marketing of financial instruments vary according to the jurisdiction and your status. If you have any doubt regarding the marketing eligibility of this UCI (OPC), we invite you to contact your usual advisor. No UCI may be offered to a person if the laws of their country of origin, or any other country concerning them or the product, prohibit it.

You are solely responsible for the choice of your country of nationality or residence and for the selection of your country’s site. You declare that this choice complies with all laws and regulations applicable to your country of nationality or residence; otherwise, this choice is made under your sole responsibility.

Limited Liability: The information on this website is not exhaustive, may evolve over time, and may be updated by EXTENDAM at any time without prior notice. While we make every effort to ensure the accuracy of the information presented, we cannot be held responsible for any errors or omissions. Under no circumstances shall we be liable for any direct or indirect loss or damage resulting from the use of the information on this website.

Restricted Access: Access to certain sections of the website may be restricted to professional investors, in accordance with applicable regulations. Please ensure that you meet the required criteria before accessing this information.

Risks: Every investment involves specific risks. Any potential investor must first consult their service provider or advisor to form their own opinion on the risks inherent in each investment, independently of EXTENDAM, in order to determine the suitability of the investment with their financial and personal situation. Before making any investment decision, investors must review the relevant contractual and regulatory documents, including investment policies, the Key Information Document (KID), and the Fund Rules/Prospectus, and inform themselves about the risk factors. They must ensure they fully understand the risks associated with the investment and should also consider their own investment objectives and risk tolerance level.

Disclaimers

Financial Information: The content of this website is exclusively intended for investors falling under one of the categories listed in Article 423-49-I of the General Regulation of the French Financial Markets Authority (Autorité des marchés financiers – AMF), Article L.214-160-I of the French Monetary and Financial Code (Code monétaire et financier), and as referred to in the regulations of the investment vehicles managed by EXTENDAM. The information on this website shall not be construed as an offer or solicitation for a transaction in any jurisdiction where such an offer or solicitation would be unlawful, or where the person making such an offer or solicitation is not authorized to act. The information on this website is provided for informational purposes only and does not constitute active marketing, a personal recommendation, or investment advice.

The regulations of each country regarding the marketing of financial instruments vary according to the jurisdiction and your status. If you have any doubt regarding the marketing eligibility of this UCI (OPC), we invite you to contact your usual advisor. No UCI may be offered to a person if the laws of their country of origin, or any other country concerning them or the product, prohibit it.

You are solely responsible for the choice of your country of nationality or residence and for the selection of your country’s site. You declare that this choice complies with all laws and regulations applicable to your country of nationality or residence; otherwise, this choice is made under your sole responsibility.

Limited Liability: The information on this website is not exhaustive, may evolve over time, and may be updated by EXTENDAM at any time without prior notice. While we make every effort to ensure the accuracy of the information presented, we cannot be held responsible for any errors or omissions. Under no circumstances shall we be liable for any direct or indirect loss or damage resulting from the use of the information on this website.

Restricted Access: Access to certain sections of the website may be restricted to professional investors, in accordance with applicable regulations. Please ensure that you meet the required criteria before accessing this information.

Risks: Every investment involves specific risks. Any potential investor must first consult their service provider or advisor to form their own opinion on the risks inherent in each investment, independently of EXTENDAM, in order to determine the suitability of the investment with their financial and personal situation. Before making any investment decision, investors must review the relevant contractual and regulatory documents, including investment policies, the Key Information Document (KID), and the Fund Rules/Prospectus, and inform themselves about the risk factors. They must ensure they fully understand the risks associated with the investment and should also consider their own investment objectives and risk tolerance level.

Disclaimers

Financial Information: The content of this website is exclusively intended for investors falling under one of the categories listed in Article 423-49-I of the General Regulation of the French Financial Markets Authority (Autorité des marchés financiers – AMF), Article L.214-160-I of the French Monetary and Financial Code (Code monétaire et financier), and as referred to in the regulations of the investment vehicles managed by EXTENDAM. The information on this website shall not be construed as an offer or solicitation for a transaction in any jurisdiction where such an offer or solicitation would be unlawful, or where the person making such an offer or solicitation is not authorized to act. The information on this website is provided for informational purposes only and does not constitute active marketing, a personal recommendation, or investment advice.

The regulations of each country regarding the marketing of financial instruments vary according to the jurisdiction and your status. If you have any doubt regarding the marketing eligibility of this UCI (OPC), we invite you to contact your usual advisor. No UCI may be offered to a person if the laws of their country of origin, or any other country concerning them or the product, prohibit it.

You are solely responsible for the choice of your country of nationality or residence and for the selection of your country’s site. You declare that this choice complies with all laws and regulations applicable to your country of nationality or residence; otherwise, this choice is made under your sole responsibility.

Limited Liability: The information on this website is not exhaustive, may evolve over time, and may be updated by EXTENDAM at any time without prior notice. While we make every effort to ensure the accuracy of the information presented, we cannot be held responsible for any errors or omissions. Under no circumstances shall we be liable for any direct or indirect loss or damage resulting from the use of the information on this website.

Restricted Access: Access to certain sections of the website may be restricted to professional investors, in accordance with applicable regulations. Please ensure that you meet the required criteria before accessing this information.

Risks: Every investment involves specific risks. Any potential investor must first consult their service provider or advisor to form their own opinion on the risks inherent in each investment, independently of EXTENDAM, in order to determine the suitability of the investment with their financial and personal situation. Before making any investment decision, investors must review the relevant contractual and regulatory documents, including investment policies, the Key Information Document (KID), and the Fund Rules/Prospectus, and inform themselves about the risk factors. They must ensure they fully understand the risks associated with the investment and should also consider their own investment objectives and risk tolerance level.