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Eurazeo

PRI reporting framework 2020

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Governance and human resources

SG 07. RI roles and responsibilities

07.1. Indicate the internal and/or external roles used by your organisation, and indicate for each whether they have oversight and/or implementation responsibilities for responsible investment.

Roles

Select from the below internal roles 

          General Secretary and CSR Director

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

Eurazeo has defined roles and responsibilities for the implementation of its Responsible Investment approach.

Eurazeo created a CSR Department in 2008 which is composed of four full-time employees. The team is led by Sophie Flak, CSR and Digital Director, who reports to Nicolas Huet, General Secretary and member of the Executive Board of Eurazeo. Thanks to this set-up, CSR matters are in the Group's high-level agenda and are adopted across the Group's teams.

The Group's RI oversight responsibilities are attached to the Supervisory Board. A specialized CSR committee of the Eurazeo Supervisory Board was created in 2014 and is composed of independent members. The purpose of this CSR Committee is to assist the Board in monitoring CSR-related issues (on a consolidated scope) and to better anticipate ESG risks and opportunities. The CSR Committee also proposes recommendations on the company's policy and achievements in the field of CSR.

In addition, Idinvest Partners has appointed a dedicated Sustainability & Impact Manager whose mission is to reinforce and implement the firm's RI policy and to provide support to portfolio companies. A quarterly operational Sustainability & Impact Committee was set up, where Idinvest CEO, COO, VC Managing Partner, head of Marketing and Sustainability & Impact Manager seat.

Within Eurazeo PME, the operational committee meets monthly and includes a member of Eurazeo PME’s Executive Board, one senior associate, Eurazeo’s CSR director and deputy head of CSR. This committee makes quarterly restitutions to Eurazeo PME’s Executive Board.

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

5 Number

07.4. Additional information. [Optional]

SG 07 CC. Climate-issues roles and responsibilities

07.5 CC. Indicate the roles in the organisation that have oversight, accountability and/or management responsibilities for climate-related issues.

Board members or trustees

Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Risk Officer (CRO), Investment Committee

Other Chief-level staff or heads of departments

Portfolio managers

Investment analysts

Dedicated responsible investment staff

Investor relations

External managers or service providers

07.6 CC. For board-level roles that have climate-related issue oversight/accountability or implementation responsibilities, indicate how these responsibilities are executed.

Climate-related issues are included within the Group's overall Responsible Investment strategy and are overseen by Board members and top management, especially during the meeting of the CSR committee of Eurazeo's Supervisory Board

CSR is discussed at least twice a year at the Group's Board and ExCom levels.

The Group’s Board and ExCom members, which include two C-levels from Idinvest Partners, are incentivized on CSR related criteria.

07.7 CC. For management-level roles that assess and manage climate-related issues, provide further information on the structure and processes involved.

Eurazeo's Supervisory Board has a dedicated CSR Committee whose mission is to assist the Supervisory Board in monitoring CSR-related issues (on a consolidated scope) and providing assistance to better anticipate ESG risks, incidents and opportunities, including climate-related risks.

  • CSR issues, including climate change, feature on the Executive Board agenda at least two times per year. CSR criteria, including climate change, are taken into account for the calculation of the variable compensation of all Eurazeo Executive Board members. The members of the Executive Board have as main CSR goal to support the achievement of CSR objectives within Eurazeo and its portfolio companies, which includes decreasing carbon emissions as a proportion of EBITDA.

In 2017, Eurazeo's CEO, has strengthened the company's commitment to fight climate change by signing the Shift Project's "Decarbonize Europe Manifesto". The signatories of this manifesto call upon all European actors - individuals, businesses and public authorities - to implement concrete and coherent strategies which can meet the challenge posed by climate change and the limits of natural resources.

In 2019, Eurazeo joined the French Business Climate Pledge and signed the Global Investor Statement to Governments on Climate Change. This statement urges governments to phase out thermal coal power, put a meaningful price on carbon pollution, end subsidies for fossil fuels, and update and strengthen nationally determined contributions to meet the goals of the Paris Agreement.

07.8 CC. Indicate how your organisation engages external investment managers and/or service providers on the TCFD recommendations and their implementation.

SG 08. RI in performance management, reward and/or personal development (Private)

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