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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) 実施:スクリーニング

LEI 04. Types of screening applied

04.1. 組織内でアクティブ運用している上場株式に適用するスクリーニングの種類を記載し、説明してください。




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. スクリーニング基準が変更された場合に顧客や受益者に通知する方法について説明してください。

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. スクリーニングが徹底した分析に基づいていることを確実にするために、組織が使用しているプロセスを選択してください。

          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. 補足情報 [任意]

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)