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Bpifrance Investissement

PRI reporting framework 2020

You are in Direct - Listed Equity Incorporation » ESG incorporation in actively managed listed equities » Implementation processes » (A) Implementation: Screening

(A) Implementation: Screening

LEI 04. Types of screening applied

04.1. Indicate and describe the type of screening you apply to your internally managed active listed equities.

Type of screening

Screened by

Description

As an operational subsidiary of Bpifrance, Bpifrance Investissement is involved in the general interest entrusted to Bpifrance, and adopted the social responsability commitments and priority sets in its CSR policy.

Bpifrance does not invest in certain business categories (the Doctrine)
• firms dedicated to the financing of infrastructure-building projects (however,
Bpifrance Investissement may invest in the firms involved in building or operating infrastructures);
• companies whose primary activity is land and property development;
• banks and insurance companies;
• media organisations and research institutes, so as to avoid potential conflicts of interest and preserve its neutrality;
• semi-public companies, that moreover may be the subject of financing through the Caisse des Dépôts.

Nor does it invest in no legal activities (in accordance with French law) (i.e cluster munitions and landmines (on the basis of sector + specific research) are excluded), or violate the rules on money laundering, corruption, human rights ....

Bpifrance did a commitment not to invest live in quoted shares and titles of debt of companies of which the activity of extraction or electricity production from charbon thermal exceed 10% of the turnover (vs 20% from 2015 to 2019/01/01), and a commitment not to invest in tobacco activities

04.2. Describe how you notify clients and/or beneficiaries when changes are made to your screening criteria.

These criteria have been discussed to the formation of the company, and published in the Doctrine of Bpifrance

with the exception of those concerning coal and tobacco

The legal exclusions are defined in accordance withthe ratification of the Oslo and Ottawa treaties by the French State. 


LEI 05. Processes to ensure screening is based on robust analysis

05.1. Indicate which processes your organisation uses to ensure ESG screening is based on robust analysis.

          Board representatives of Bpifrance Investissement are trained in ESG principles (ESG training module is part of the management companie's training and e-learning program)
        

05.5. Additional information. [Optional]

CSR  priorities, specified in the CSR policy, are:

The employment development, in particular for young people
The ecological and energy transition, in particular the optimisation of the energy resources’ use
Governance and management quality, in particular promoting the integration of women
The promotion of women’s entrepreneurship 


LEI 06. Processes to ensure fund criteria are not breached (Private)


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