ESG Assessment: confirming the growth path of B4 portfolio companies

ESG is not just a matter of compliance or a reporting exercise. It is, above all, a lens through which priorities can be assessed and defined.

With this approach, we have once again completed the ESG assessment of the portfolio companies of B4 H II and B4 H III.

The evaluations, conducted by Cerved Rating Agency, confirm an overall positioning in the mid-to-high range, with a further upgrade compared to the previous year:

• Lazzerini Srl S.B. – 69/100 with a structured and integrated approach to sustainability;
• Sa.No. – 68/100 with a strong focus on circular economy and environmental management;
• Ferper Springs – 72/100 with excellent governance and environmental performance;
• GWC USA, Inc. USA – 60/100 providing a solid foundation for continuous improvement.

Alongside these, VAY S.R.L. completed its first ESG assessment following B4’s investment, achieving a score of 59/100, with a development plan already defined and underway.

These results confirm our approach: integrating ESG factors into investment processes and the active management of portfolio companies, turning them into tangible drivers of value creation.

This commitment is further reinforced by the launch of B4 H III – our first FIA managed under Article 8 of the EU SFDR Regulation – which has continued to gain investor confidence, with the successful completion of its second closing in recent months, following a first closing that exceeded its initial target by 75% within just a few weeks.