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Citizen Capital

Late Submission

PRI reporting framework 2018

You are in Direct – Private Equity » Pre-investment (selection)

Pre-investment (selection)

PE 05. Incorporating ESG issues when selecting investments

05.1. During due-diligence indicate if your organisation typically incorporates ESG issues when selecting private equity investments.

05.2. Describe your organisation's approach to incorporating ESG issues in private equity investment selection.

Investment process includes an analysis of social, environmental and governance performance (strengths and weaknesses) and a clear understanding of social impact achievements and strategy :

  • First steps consist in discussions with managers regarding their understanding and commitment to ESG/Social impact issues
  •  Identification of key social impact challenges regarding empowerment or social impact (depending on criteria)
  • Check list of questions include ESG & social impact 
  • Letter of intent includes chapter on ESG & social impact
  • Chapter on the companies' vision and achievements on ESG & social impact issues in Investment Note.
  • ESG audit with 75 indicators, derived from several sources (Global Reporting Initiative Guide de la Performance Globale du CJD, ISO 2600…) ; social impact assessment with in-house methodology including 5 levels and 6 themes.
  • Impact diagnosis (generally a 3h meeting) on defining vision & purpose, aligning mission with business strategy and building key indicators for the investment period

In other terms, the fund does not invest in companies that do not respond to our impact policy.

 

05.3. Additional information. [Optional]


PE 06. Types of ESG information considered in investment selection

06.1. Indicate what type of ESG information your organisation typically considers during your private equity investment selection process.

06.2. Describe how this information is reported to, considered and documented by the Investment Committee or similar.

On ESG

Our investees report annually their ESG performance based on a 50 key indicators questionnaire refering to our 5 major ESG points of attention : employment and internal career-enhancement, diversity and empowerment, remuneration policy and shared added value, environment and governance performance.

On Impact

Our investees are due to report annually both quantitative impact performance based on the key indicators set in the impact business plan (prior to investment) and qualitative information about improvement regarding their areas of work on social impact.


PE 07. Encouraging improvements in investees (Private)


PE 08. ESG issues impact in selection process (Private)


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