LCM Partners SOLO VII SLP ESG Report August 2024 Final

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LCM Partners SOLO VII SLP | ESG Report | 02

LCM Partners SOLO VII SLP launched on 9th May 2023 under the SOLO 2 strategy. In particular, as the CEO, I am pleased that we have been able to work alongside you in creating a vehicle that

meets your requirements.

The launch of the second vintage of SOLO brings with it the formalisation of an ESG framework which allows us to support the Nuclear Liabilities Fund’s desire to make investments which are

aligned with the UN Sustainable Development Goals (“UN SDGs”). Each investment is mapped to the UN SDGs using an externally set taxonomy, designed by the Sustainable Development

Investments Asset Owner Platform. As part of the ESG framework for SOLO 2, we have updated our processes to combine both internal analysis and sign off with additional independent external

oversight. We have worked with our external ESG advisors at Sirsa and Reporting 21 to create an ESG monitoring and reporting platform to track ESG-related data on each Portfolio. This has

culminated in the creation of this document, our first ESG report for LCM Partners SOLO VII SLP and for SOLO 2 which we hope you find informative.

This report covers the investments made by LCM Partners SOLO VII SLP during 2023. As a reminder, while the Partnership is not an Article 8 fund under the EU Sustainable Finance Disclosure

Directive (EU SFDR), we have agreed to manage and report on the Partnership in line with the regulations which define an Article 8 Fund as one “which promotes, among other characteristics,

environmental or social characteristics, or a combination of those characteristics, provided that the companies in which investments are made follow good governance practices”. As a result,

this report is split into three sections:

• Good governance where we summarise the findings from our ongoing assessment of each origination partner’s governance practices

• Partnership updates where we provide an overview of each origination partnership and report on progress against their respective Key Performance Indicators (KPIs)

• An in-depth case study which provides further details on one of our origination partnerships in the United Kingdom.

As always, we are here to support you so please do let us know if you have any questions. We look forward to sharing our ESG progress with you in the future.

Paul Burdell

Chief Executive Officer | LCM Partners

Letter from the CEO

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