October 6th 2020
“Les Rencontres du Capitalisme Responsable”, during which the 4th edition of the “Grands Prix du Business et de la Gouvernance Responsables” was held today, organized under the aegis of the French Ministry of the Economy, Finance and Recovery, awarded the Grand Prix to the Atos Group and the Special Investor Award to Phitrust for their most outstanding practices in governance and business.
The whole Phitrust team is very happy and proud of this distinction which highlights a long term action as an investor and shareholder committed to impact! We would like to thank all the members of the Jury, its President and all the team of the Institut du Capitalisme Responsable founded by Caroline de La Marnière.
Olivier de Guerre, Chairman of Phitrust: “For those who still doubt it, the crisis will accelerate the awareness of managers, employees and shareholders that they must now take into account the social and environmental impacts of their companies. No longer as a CSR reporting obligation, but to be placed at the center of their business models, as a guarantee of their long-term sustainability. Schizophrenics for years under the influence of the Chicago School, we thought by separating investment and donation. It necessarily took one to make the other possible. The crisis forces us to broaden our vision and “integrate” profitability and impact. And therefore rethink our models in a coherent way. Whether you are a company or an investor. Our commitment strategy, initiated in 2003, encompasses more than ever this imperative to act as a shareholder committed to impact. The crisis is prompting us to accelerate and increase our assets under management”
Since its creation in 2003, Phitrust has invested to act with large listed companies in order to encourage their E, S, and G practices’ improvement (Phitrust Active Investors) – and with innovative social enterprises to give them the financial and human resources to change scale and deploy their impact (Phitrust Partners). Two activities, one mission: acting as a shareholder committed to impact.
> The decisions of large companies on the distribution of the wealth created and the allocation of capital in the economy have an impact far beyond their scope. They have become key players in the search for solutions to social and environmental challenges. By mobilizing institutional investors, Phitrust fully exercises its role as a committed, constructive and demanding shareholder. With a single objective: to alert and accompany them in changing their business models. With more than 17 years of experience and direct relations with the managers of large companies, Phitrust is the only independent management company to have filed more than 45 resolutions in AGMs.</li>
> By mobilizing private and institutional investors towards innovative, committed and inclusive entrepreneurial projects, Phitrust opens a new space between private equity and philanthropy: beyond the financial contribution, we seek to create around entrepreneurs a network of experts and committed investors who will accompany them over the long term in order to multiply their impact for society. The economic profitability of their model is a guarantee of their sustainability. Patient capital, support and partnerships are an integral part of our business to build an economy that integrates the challenges of inclusion and the environment without setting them against each other. More than 30 social enterprises are supported by our teams, including Simplon, Lita, LemonTri, Alenvi, La Varappe.