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Activa Capital

PRI reporting framework 2019

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Post-investment (monitoring)

PE 09. Proportion of companies monitored on their ESG performance

09.1. Indicate whether your organisation incorporates ESG issues in investment monitoring of portfolio companies.

09.2. Indicate the proportion of portfolio companies where your organisation included ESG performance in investment monitoring during the reporting year.

 (in terms of total number of portfolio companies)

09.3. Indicate ESG issues for which your organisation typically sets and monitors targets (KPIs or similar) and provide examples per issue.

ESG issues

List up to three example targets of environmental issues

Example 1

          Environment labelling of industrial sites (printing)
        

Example 2 (optional)

          Reduction of water consumption in build-ups, based on the good industrial practices of the group.
        

Example 3 (optional)

          Reduction of waste thanks to new technology (digital printing) and reduction of paper used per m€ of turnover.
        

List up to three example targets of social issues

Example 1

          Follow-up of employee satisfaction
        

Example 2 (optional)

          Follow-up and reduction of the occupational incident rate.
        

Example 3 (optional)

          Launch of a corporate foundation within one of our portfolio companies.
        

List up to three example targets of governance issues

Example 1

          Monitoring of the number of independent members and women in companies' board.
        

Example 2 (optional)

          Recruiting a CSR/Quality Manager for the Purchase Department of one of our companies.
        

Example 3 (optional)

          Implementation of a cybersecurity roadmap.
        

09.4. Additional information. [Optional]


PE 10. Proportion of portfolio companies with sustainability policy

10.1. Indicate if your organisation tracks the proportion of your portfolio companies that have an ESG/sustainability-related policy (or similar guidelines).

10.2. Indicate what percentage of your portfolio companies has an ESG/sustainability policy (or similar guidelines).

(in terms of total number of portfolio companies)

10.3. Additional information. [Optional]


PE 11. Actions taken by portfolio companies to incorporate ESG issues into operations

11.1. Indicate the types of actions taken by your portfolio companies to incorporate ESG issues into operations and what proportion of your portfolio companies have implemented these actions.

Types of actions taken by portfolio companies

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

(in terms of total number of portfolio companies)

Implemented by percentage of portfolio companies

11.2. Describe how your organisation contributes to the portfolio companies’ resourcing and management of ESG issues.

We help the companies of our portfolio, especially those of the most recent fund, monitor and complete their ESG roadmaps. We also bring extra and dedicated support in case, for instance, of ESG audit by customers or specific issues to manage.

We also provide dedicated time and training for HR managers via workshops at Activa's offices to give them keys to monitor ESG as part of their CSR and HR policy : we organise meetings with HR experts and HR directors from more mature companies and help our managers connect with startups to give them innovative resources.


PE 12. Type and frequency of reports received from portfolio companies

12.1. Indicate the type and frequency of reports you request and/or receive from portfolio companies covering ESG issues.

Type of reporting 

Typical reporting frequency 

Typical reporting frequency 

12.2. Describe what level of reporting you require from portfolio companies, and indicate what percentage of your assets are covered by ESG reporting.[OPTIONAL]

Activa Capital collects, since 2013, ESG information from all its portfolio companies thanks to a proprietary ESG reporting format, developed with our LPs and in collaboration with the French AFIC.

We also demand our portfolio companies to give a documented update on their ESG roadmaps on every Supervisory Board.


PE 13. Disclosure of ESG issues in pre-exit

13.1. Indicate whether during the reporting year your organisation disclosed information on ESG issues to potential buyers prior to exit for private equity investments.

13.2. Apart from disclosure, describe how your organisation considers ESG issues at exit.

ESG should be a very interesting and powerful tool at exit to show what has been undertook within the company to build a sustainable growth, which should be reflected in the valuation at exit.

13.3. Additional information.

Only one exit occurred in 2017, during which Activa Capital and Bpifrance sold their stakes to the founders and their management team backed by minority financial investors. As a result, no competitive process was conducted for the exit and no due diligence of any kind was needed.

In 2018, ESG issues during sales were not adressed.


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