The Group externally managed asset class expertise is provided by Idinvest who has proactively defined a responsible investment approach covering the selection, investment and monitoring of investment managers.
At investment, every new fund is assessed through an ESG assessment grid to understand the level of ESG integration at the GP and the investments to be made by the fund. ESG assessments are included in the investment memorandum and discussed at Investment Committees.
During the holding period, Idinvest Partners monitors the ESG performance of investment managers. In 2019, Idinvest Partners sent out its annual ESG survey to 49 asset management companies and obtained a 100% answer rate. The ESG questionnaire is regularly updated to incorporate French and international trends aiming at facilitating dialogue between GPs and LPs (as per PRI and France Invest's recommendations). Since 2018, Idinvest worked[MB3] together with 3 leading French GPs (Bpifrance, Swen Capital and CDC) to produce a harmonised ESG annual reporting questionnaire to GPs.
Following the reporting exercise, the results are consolidated and publicly disclosed within the firm's annual Sustainability and Impact report. In addition and upon request, Idinvest Partners provides to the GP an ESG dashboard relative to its peers.