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CDC - Caisse des dépôts et consignations

PRI reporting framework 2018

Export Public Responses

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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.

The approach is thematic.

The  local development division assists regional authorities with developing investment by providing tailored financial engineering and services. PE investments are integrating ESG criteria in the investment strategy mostly through a thematic approach, by focusing on:
• Territorial transition (supporting local public investment, restarting home building, strengthening the appeal of territories, stimulating growth as close as possible to the established employment areas)
• Ecological and energy transition (saving energy and improving the energy performance of buildings, diversifying the energy mix, sustainably equipping and adapting the territories, encouraging and protecting natural heritage)
• Digital transition (supporting the digital transition of territories, developing the digital economy, developing the digital serving trustees and customers)
• Demographic and social transition (financing your path through life, preparing for the future, living together better)

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.

Expert opinion commentary and summary concept note presented to the Investment Committee.

PE 07. Encouraging improvements in investees

07.1. During deal structuring,what is the process for integrating ESG-related considerations into the deal documentation and/or the post-investment action plan?.

07.2. Describe the nature of these improvements and provide examples (if any) from the reporting year

07.3. Additional information.

Through the very nature of the thematic "local impact" approach, for instance in the social and solidary economy sector which supports to the creation of micro enterprises that aim at the creation of social value. This approach is followed on an individual project basis. Formal generalised processes to encourage improvement of ESG performance by investee companies, as per the group p-e policy, have not yet been rolled out in 2017.

PE 08. ESG issues impact in selection process

08.1. Indicate how ESG issues impacted your private equity investment selection processes during the reporting year.

          Thematic approach

08.2. ESG issues were included in the post-investment action plan /100 day plan

08.3. Additional information.