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Activa Capital

PRI reporting framework 2019

You are in Strategy and Governance » Objectives and strategies

Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

In 2016,2017 & 2018, with the PwC ESG team and Indefi ESG team that helped Activa Capital to formulate its ESG targets and to realise a full ESG due diligence of its current portfolio companies, Activa Capital has incorporated ESG factors in all reviewed private equity investment opportunities.

Since 2016, Activa Capital has launched ESG reviews on every portofolio companies in the most recent fund, which was first invested in 2015.

In 2018, Activa Capital published its first public ESG Report, for the year 2017 which is based on the ESG KPIs selected by companies at the beginning of the year to measure progress on material ESG topics. It commits to publish one each year.

In its last fund, it has conducted seven ESG due diligence.


SG 06. Main goals/objectives this year

06.1. List the main responsible investment objectives that your organisation set for the reporting year.

Responsible investment processes

Key performance indicator

          Number of Supervisory Boards of portfolio companies where ESG topics are adressed : 100%
Number of daily press reviews including ESG articles : 100%
        

Progress achieved

Every Supervisory board includes a moment to talk about ESG projects and progress. Moreover, the topic is included in the daily press review sent to every Activa Capital's employee.

Key performance indicator

          Number of FTE within the invesment team in charge of the topic : 1
        

Progress achieved

The ESG analyst recruited in 2017 was fully integrated within the investment team and promoted as associate, in charge of ESG and Digital Transformation, at the end of the year.

ESG is now endorsed by every people of the company through different team building activites related to ESG topic.

Key performance indicator

          Number of investment decision making processes including ESG notes and internal due diligences : 100%
        

Progress achieved

The investment cycle integrates ESG so that a note is drafted on the topic before sending a letter of interest and the note is developped and refined before sending the binding offer. This note is included within the Investment Comittee note.

Financial performance of investments

Key performance indicator

          % of completion of the annual roadmap + ESG survey for every company
        

Progress achieved

ESG characteristics of investments

Other description (1)

          Improve HR and social indicators of the portfolio
        

Key performance indicator

          
        

Progress achieved

Other activities

Key performance indicator

          
        

Progress achieved

Attendance at the France Invest ESG meetings and other ESG fairs and forums :

  • In 2017, Activa Capital was part of the Work Group to define ESG KPIs that would make the communication between LPs and GPs easier and was a contributor to the 2nd White Paper "Sustainability and Capital-Investment".
  • In 2018, Activa Capital is engaged in the Work group #1 of France Invest's ESG Commission (Climate Initiative 2020) : as leader of the workshop to define a simplified Carbon Footprint method and as contributor to sensitize and train GP on Carbon and Climate Change.
  • In 2019, Activa Capital keeps its commitments with France Invest.

Key performance indicator

          
        

Progress achieved

Through different actions : 

  • the IC20 Work Group;
  • the contribution to the White Paper mentionned above.

06.2. Additional information.


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