For each investment decision, Bpifrance consistently takes into account the ESG non-financial criteria (Environment, Social and Governance) that might have an impact on its investments.
Its responsible investment approach is defined based on international standards and collective commitments from financial investors so as to comply with Bpifrance’s general interest . Bpifrance’s investments are fully part of this general interest mission by enhancing SMEs’ shareholding structure and ensuring their development based on a model ensuring a financial performance in line with market standards combined with the set-up of a sustainable operating model.
During its due diligence phase, Bpifrance Investissement performs a comprehensive ESG review. This phase allows Bpifrance to identify the company’s specificities. These key points identified are subsequently subject to an active dialogue with shareholder and an operational monitoring of potential ESG improvement areas, potentially via the executive board. During the pre-investment phase, this analysis is mainly based on a qualitative approach. An ESG monitoring tool has been implemented, and the analysis is fully integrated within each investment cas and takes part of the global appreciation of the company; this internal analysis can also be completed by a more complete audit, performed by an external organism.