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Eurazeo

PRI reporting framework 2020

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Eurazeo and two of its subsidiaries, Eurazeo PME and Idinvest Partners, are PRI signatories. The Group participates to responsible investment events on a regular basis and promotes the adoption of the PRI across the French investment industry.

Idinvest Partners was an active member of the Private Equity Advisory Committee until 2017 and contributed to the definition of tools and guidelines aiming at promoting the incorporation of responsible investment throughout the industry and more specifically on private equity. In this context, Idinvest Partners provided valuable insights to better adapt the PRI tools and approach to specific non-listed investment expertise such as Private Debt, as formalised by its contribution to the PRI ESG integration in the private debt guidance paper published in 2019.

In 2019, Noëlla de Bermingham, Eurazeo’s Deputy Head of CSR, was also nominated for a three-year mandate in the PRI Private Equity Advisory Committee.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

The Group plays an active role at France Invest:

  • Eurazeo: The Group is a member of the steering Committee of the ESG Commission.
  • In addition, Noëlla de Bermingham, Eurazeo's Deputy Head of CSR is in charge of the coordination and animation of the IC International (former IC20, Initiative Climate 2020).
  • Eurazeo PME: Olivier Millet (member of Eurazeo's Executive Board and chairman of the Eurazeo PME Executive Board) was chairman of France Invest until 2018 and of the ESG Commission until 2014.
  • Idinvest Partners: The firm actively participates to the meetings and working groups of the ESG Commission. In addition, Nicholas Chaudron, Managing Partner at Idinvest, is the vice-president of France Invest's Climate Commission.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

  • Eurazeo completes the CDP questionnaire on an annual basis and discloses climate-related information. In 2019, Eurazeo received a B score.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

  • Erwann Le Ligné, Eurazeo PME's Managing Director and Member of the Executive Board, is vice-chairman of the Invest Europe (formerly EVCA) Responsible Investment Roundtable. In this framework, he is also in charge of a climate change working group.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Eurazeo PME publishes an annual integrated report since 2015 and regularly participates to the activities and reflections carried out by the IIRC. It was one of the pioneers in France, and especially in the private equity industry.

Sophie Flak, CSR and Digital Director at Eurazeo, and Olivier Millet, member of Eurazeo's Executive Board and chairman of the Eurazeo PME Executive Board, acted as public spokesperson for the IIRC.

Olivier Millet further participated in an IIRC Committee.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Eurazeo has been a signatory of the Global Compact since 2014, and submits every year a COP (Communication On Progress) at the Advanced level. Within the framework of the Global Compact, the Group:

  • Participates to conferences and events
  • Provides financial support
  • Promotes the use of the Global Compact tools such as the UNGC studies, publications, etc
  • Actively promotes the initiative within its investments

Since 2019, the COP includes the whole Group (Eurazeo, Idinvest and Eurazeo PME).

          AFG
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Christophe Bavière, CEO and Managing Partner of Idinvest, is chairman of the Private Equity Commission of the AFG (Association Française de Gestion).

          MEDEF
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Olivier Millet, member of the Eurazeo Executive Board, is a member of the Executive Committee of the MEDEF as well as the Committees for New Entrepreneurial Responsibilities and Ecological and Economic Transition. In the latter Committee, he chairs the Sustainable Finance and Non-financial performance working group.

          CNNUM (Conseil National du Numérique)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Since 2018, Sophie Flak, CSR and Digital Director at Eurazeo, is a member of the CNNUM, a national body investigating digital issues, in which she particularly contributes to initiatives on sustainability and digital.


SG 09.2. Assets managed by PRI signatories (Private)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          Eurazeo and Idinvest Partners provide peer-to-peer RI support. The Group’s employees (Board members, Partners, Deputy Head of CSR, S& I Manager, etc.) participate as speakers to promote RI and to raise awareness on ESG-RI topics. The Groups Deputy Head of CSR for instance, is responsible for coordinating the IC International (former IC20)  initiative at France Invest, and in this context, raises awareness amongst its peers on measuring the environmental footprint of their portfolios and defining reduction commitments. 
Eurazeo’s CSR & Digital director also participated in a MOOC (Massive Open Online Course) carried out by the ESSEC regarding CSR reporting.
        

Frequency of contribution

Description

          Eurazeo and Idinvest Partners provide support to develop industry research and to share best practices among peers.
        

Frequency of contribution

Description

          Eurazeo is strongly committed to advocating for CSR and to sharing best practices in the private equity industry. The Group is an active member of France Invest and Invest Europe, and encourages better transparency and disclosure of responsible investment practices across the industry.   
Eurazeo and Idinvest Partners, have participated to the development of innovations and guidelines to promote better disclosure. These documents are available on open source.
        

Frequency of contribution

Description

          Eurazeo and Idinvest Partners, are active members of the PRI and local RI initiatives including the ESG and Climate Commissions within France Invest. In this context, the Group's employees regularly contribute to the organisation of events and participate as speakers to promote responsible investment.   
Eurazeo also participates as a speaker in mainstream events and communicates about ESG incorporation, for example at the MEDEF and ORSE in Paris, Responsible Investment Forum in New York, Super Return International in Berlin and the Berlin/ Amsterdam FundForum.  
Idinvest S&I Manager was a speaker at a UBS roundtable on ESG and at a roundtable with Global Compact France at Produrable conference in Paris.
        

Frequency of contribution

Description

          Idinvest Partners published a white paper regarding the role of investors in helping the development of SMEs which includes ESG-related considerations.
Idinvest published a study on CSR best practices in European SMEs published in 2019.
        

Frequency of contribution

Description

          Eurazeo and Idinvest Partners publicly communicate on their commitment to the UN PRI and encourage their peers to adopt the principles through industry roundtables and working groups. In 2018, the UN PRI has endorsed the IC International initiative launched and coordinated by Eurazeo.   
Idinvest Partners encourages its investment managers under the firm's Secondary transactions and mandates activity, to become PRI signatories and to adopt public commitments relating to responsible investment.
        

Frequency of contribution

Description

          In 2019, Noëlla de Bermingham, Eurazeo’s Deputy Head of CSR, was nominated for a three-year mandate on the PRI Private Equity Advisory Committee.
        

Frequency of contribution

Description

          Eurazeo and Idinvest Partners area member of the steering committee of France Invest's ESG Commission. Idinvest is also Vice-President of France Invest’s Climate commission.
Eurazeo is also an active member of Invest Europe.
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]


SG 11. Dialogue with public policy makers or standard setters (Private)


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