As an active and responsible shareholder, Eurazeo is the first French private equity firm to have incorporated sustainable development into its business through a proactive strategy.
CSR is a value creation opportunity for Eurazeo and its portfolio companies and fully contributes to their transformation and sustainable growth. Eurazeo's commitments embody this ambition which aims at combining value enhancement and responsibility throughout the investment cycle. To this end, Eurazeo deploys the necessary time and resources, while combining economic development, social progress, reduced environmental impacts and balanced governance.
After having initiated its CSR strategy in 2008, Eurazeo formulated a four-pillars CSR strategy in 2014, with quantitative targets for 2020:
- Invest responsibly: integrate CSR at all stages of the investment cycle
- Establish exemplary governance: ensure that all companies have exemplary governance bodies
- Create sustainable value - ensure that all Eurazeo companies have a CSR improvement plan
- Be a vector of change in society - ensure that all companies improve their societal footprint
Eurazeo's CSR strategy covers all fully consolidated and equity-accounted companies (with a shareholding of >5%). The Group's CSR approach encompasses all its investment divisions, though its implementation is adapted to each asset class and the level of governance influence the investment teams have with the portfolio companies.
Eurazeo and Idinvest - acquired by Eurazeo in April 2018 - share the same vision of responsible investment and embed CSR throughout the investment cycle. Eurazeo's CSR strategy is a common framework to all of its divisions, however, due to its recent acquisition, Idinvest's investment divisions are not yet consolidated in the CSR strategy's 2019 results. The two entities are currently working on a common Responsible Investment approach. In the 2019 annual report, Eurazeo will integrate information on Idinvest’s CSR strategy and results.
Regarding the private equity asset class, in 2019, the CSR strategy and its 2020 objectives covered Eurazeo Capital, Eurazeo PME, and Eurazeo Brands investment divisions (which represent nearly 60% of the Group's Private Equity AUM). Idinvest Partners, responsible for Idinvest Venture and, partially, for Eurazeo Growth (formerly Idinvest Growth and Eurazeo Croissance) investment divisions, already incorporates ESG throughout the investment cycle (it represents 40% of the Group's Private Equity AUM). As such, a 100% of private equity asset classes are covered by the CSR strategy and approach.
For more information about Eurazeo's responsible investment approach, please refer the Group's Registration Document (available on https://www.eurazeo.com/en/mediacenter/).