As a first step, the Siparex Group (hereafter SIPAREX) has commited in 1999 to taking into account ESG criteria through an ethic clause within shareholders agreement. Today Siparex’s ESG initiatives gathers: i) an RI Charter, drawn up in 2012 and available on its website, ii) commitment to UN PRI in march 2014, iii) commitment to France Invest RI charter and gender parity charter, iv) dedicated governance, team and toolbox.
The integration of ESG issues in our investment processes takes the form of: i) the ESG assessment of investment targets, which includes exclusion criteria, integration of a generic ESG assessment framework for investment targets into our Memos, and the presence of an ESG clauses in the shareholder Agreement; ii) working or encouraging our portfolio companies to work on an “ESG & Impacts” roadmap, promoting progress approach and extra-financial impacts.
Siparex also provide its portfolio companies with external experts and a web platform dedicated to annual ESG reporting (Reporting21). Then Siparex leverage on the data gathered through an annual ESG report, mapping portfolio compagnies ESG strength and weaknesses, which is delivered to LPs as to managers of portfolio companies in order to follow their ESG & Impacts roadmap.