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Bpifrance Investissement

PRI reporting framework 2019

You are in Direct – Private Equity » Overview


PE 01. Description of approach to RI

01.1. Provide a brief overview of your organisation’s approach to responsible investment in private equity.

Before investing, an ESG report has to be done. It takes into account the most meaningfull items as regard tot the company's activity, on four thematics and :

- Governance :Transparency and balance, Anticipation
- Human resources: Employment and social policy, Management of jobs and skills, Diversity and equality of opportunity, Well-being at work, Climate and social dialogue
- Environment : Environmental policy and management system, Energy and greenhouse gas(gases), Inputs and waste, Control of other environmental impacts
- Stakeholders : Long-lasting and ethical relations with the suppliers, Quality and customer satisfaction, Relations with the other external stakeholders

It also takes into account  the four priorities of Bpifrance priorities: 1- the development of employment, and more particularly foryoung people, 2- The ecological and energy transition transition to a low carbon economy) , and more particularly the optimization of the use of energy resources, 3- The quality of the governance and of the management, in particular by promoting it the integration of the women, 4- The promotion of the feminine entrepreneurship.

2 or 3 axes of progress are defined and discussed with the entrepreneur, and will be monitored during the period of detention. 

PE 02. Investment guidelines and RI

02.1. Indicate whether your organisation’s investment activities are guided by a responsible investment policy / follow responsible investment guidelines.

02.2. Describe how your organisation outlines expectations on staff and portfolio companies’ approach towards ESG issues in investment activities.

The "Doctrine" (pages 33 -55) describes the guiding principles, modalities, ESG engagement and professional practices of Bpifrance as an investor

here are abstrcts of our "procedure d'investissement direct" (applicable to all our direct investments) :

"Les éléments clefs sur lesquels l’Equipe de Gestion approfondit son analyse sont notamment les suivants :... Les éléments relatifs à la démarche ESG de Bpifrance Investissement"
 "La note d’investissement comprend les mentions obligatoires suivantes, visant notamment à répondre aux engagements de Bpifrance Investissement : ...L’analyse ESG du projet d’investissement."

the responsible investment policy is public, on the website of Bpifrance

an inquiry on ESG practices of our invested companies, funds, and their invested companies is realized every year