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[Press Release] Phitrust and 80 finance professionals come together for the development of Social Impact Finance.

November 5, 2021

More than 80 finance professionals, including Phitrust, announce their support for the development of Impact Finance in a joint declaration.

At the request of Olivia Grégoire, Secretary of State in charge of the Social, Solidary and Responsible Economy, Paris Europlace and Finance for Tomorrow and the signatories thus commit to:

> Implement a structured and demanding definition of “Impact Finance”. This definition will have to integrate the principles of intentionality (in this case the search for ecological and social performance), additionality (the demonstration of a causality between strategy and contribution to the achievement of objectives) and measurability of the impact (in particular in the framework of the MDGs).

> Promote an integrated impact assessment approach and appropriate measurement and reporting tools.

> To establish transparent communication and information on the content and purpose of investments. This requirement will aim to avoid any form of impact washing and to allow for an informed decision in “positive impact” financial products.

> To better integrate impact finance into regulatory and market frameworks.

This effort is undertaken with the aim of massively strengthening the contribution of the financial sector to the achievement of the international sustainable development goals.

Find the manifesto on https://financefortomorrow.com/en/actualites/pledge-for-the-development-of-impact-finance/


About Phitrust

Phitrust invests in order to act with large listed companies so that they evolve their ESG practices (Phitrust Active Investors) – and with innovative social enterprises to give them the financial and human means to change scale and deploy their impact (Phitrust Partners). Two activities, one mission: to be a shareholder committed to impact.

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 the 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 work to create an economy that integrates, without opposing, the challenges of inclusion and the environment. More than 30 social enterprises are supported by our teams, including Simplon, Lita, LemonTri, Alenvi, La Varappe, etc. Phitrust is a member of the community of mission-based enterprises.

ACT WITH US!

Join us and act to increase the impact of companies and take up the challenges of tomorrow:

> By exercising your shareholder rights, with Phitrust Active Investors France, to question the leaders on the transformation of large companies towards sustainable environmental and social models… click here
> By supporting, with Phitrust Partenaires, social entrepreneurs who will need funds and advice to meet the challenges of our society, click here
> By supporting, with the Phitrust Endowment Fund, associations in view of the critical issues that many of these organizations will face in the months to come (possibility of defiscalising your donation – up to 66% for individuals). click here
> By subscribing and relaying our newsletter. click here

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