Responsible Investment Policy (The Policy)

Titanium Ventures believes that responsible corporate behaviour with respect to environmental, social and governance (ESG) factors can mitigate risk and have a positive influence on long-term financial performance.

To the extent consistent with our fiduciary duties, our fund private placement memoranda and our limited partnership agreements with our investors, we take ESG factors into account as part of our investment analysis and ongoing portfolio company management.

We adhere to the six principles of responsible investment developed by the UN-backed Principles for Responsible Investment, for which we are a Signatory.

INVESTMENT; ONGOING PORTFOLIO COMPANY MONITORING AND ENGAGEMENT

We consider ESG factors, both risks and opportunities, as part of our investment process, as well as during our ongoing monitoring of and engagement with portfolio companies. Recognising that the relative importance of ESG factors varies across industries, geography and time, our consideration of ESG factors is tailored to the particular investment. Our focus is on ESG issues that are, or could become, material to long-term financial performance, including as applicable salient human rights risks.

Titanium Ventures seeks to identify relevant ESG risks and opportunities as part of the due diligence process for each portfolio company acquisition.

Our due diligence takes into account, to the extent applicable, information from the target company, third-party information and data, third-party standards and guidance and stakeholder engagement. Our team is supported by third-party consultants to the extent relevant to the particular investment. During the due diligence process, we seek to identify opportunities where policy development and/or implementation of ESG initiatives would add material value to the portfolio company.

At the conclusion of the due diligence process, any material findings will be incorporated as part of the final reporting by our deal professionals to the Investment Committee.

Titanium Venture’s commitment to responsible investment does not end upon acquisition. We have an ongoing management and monitoring program to mitigate ESG risks and invest in ESG opportunities throughout our ownership period. As part of this program, we follow up on risks identified in due diligence.

Titanium Venture’s commitment to responsible investment is communicated to the Boards of Directors and senior leadership of portfolio companies and portfolio companies are encouraged to adopt appropriate policies and programs relating to relevant ESG matters. Portfolio companies also are periodically required to provide us with information on their ESG initiatives.

In addition, we seek to be accessible to relevant stakeholders and will consider engagement with relevant stakeholders as appropriate.

Disclosures in accordance with Regulation (EU) 2019/2088 Sustainable Finance Disclosures Regulation (the “SFDR”)

It is important to Titanium Ventures that all employees are fully aligned with Titanium Ventures’ Environmental, Social, and Governance practices that drive our Responsible Investment Policy document (the “Policy”) and adherence to The Policy will be considered, as relevant, in the performance assessments of our team members.

Sustainability risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment (“Sustainability Risk”). Titanium Ventures’ criteria used to determine the remuneration level of employees take into account relevant Sustainability Risks. Sustainability Risk is treated in the same way as other risks which could cause a material negative impact on the value of a fund or portfolio. Titanium Ventures rewards long-term performance and promotes among its employees (as is relevant to their role) a focus on financial sustainability.

Titanium Ventures do not currently consider the adverse impacts of investment decisions on sustainability factors within the meaning of the SFDR. Whilst ESG considerations are integrated into Titanium Ventures’ investment process as outlined in Titanium Ventures’ Responsible Investment Policy, the detailed rules underlying the SFDR will require Titanium Ventures to ascertain the availability of the data expected to be reported under the new requirements of the SFDR. As such, the position will continue to be monitored and reviewed by Titanium Ventures as the underlying rules are finalised and market practice becomes apparent.

INVESTOR RELATIONS & REPORTING

Titanium Ventures is dedicated to transparency in the reporting to our investors on our Responsible Investment policy, its implementation and results. We value the ESG-related experience and expertise of our investors and will engage with them and solicit feedback so we may better align our responsible investing goals with theirs.

ONGOING PROGRAM MONITORING AND MANAGEMENT

This policy and Titanium Venture’s Responsible Investment program are monitored, and our Responsible Investment initiatives are led, by senior Titanium Ventures personnel.

This policy will be attested to by all Titanium Ventures employees. Training on the implementation of this policy also will periodically be provided to relevant Titanium Ventures personnel.

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