A tailored approach to monitoring each investee
Example: impact achieved by La Varappe vs 2018 objectives (%)
We chose a pragmatic approach, on a case by case basis, to closely analyse the impact of each activity. For each investee, we define at the moment of the first investment specific quantitative indicators that reflect the social and environmental impact as well as the governance of the company. These key performance indicators are chosen alongside the entrepreneur, who agrees to report annually as to their evolution.
A 5 year objective is defined for each indicator, allowing us to measure the performance throughout our investment period. An annual assessment for each investee is thus undertaken in relation to its social and environmental impact and governance, which is completed by a qualitative analysis. This tailored approach allows us to better guide our non-financial support and to promote, in the case of a reinvestment, investees that have improved their impact.
Monitoring and analysis at the portfolio level
Impact achieved at the portfolio level vs 2018 objectives (%)
The overall social and environmental performance of the portfolio is assessed each year, based on the individual reports provided by each investee, enabling us to follow the evolution of this performance. This monitoring allows to us to readjust – if needed – our investment strategy, which emphasizes social impact objectives while also requiring economic viability.
The assessment of the social and environmental impact enables us to identify a “social and environmental return on investment” for each Phitrust Partenaires investee which, alongside an analysis of each investee’s financial performance, enables us to have an overall assessment of the strategies being implemented across the portfolio.
Novethic publishes its first study on shareholder engagement, with the testimonies of Denis Branche and Olivier de Guerre on the commitment action carried out by Phitrust for more than 15 years!
Phitrust Partenaires publishes its 2019 Activity and Impact Report
Before and after the announcement of the signing of the binding Combination Agreement between Groupe PSA and FCA on last December, Phitrust raised a number of questions on the financial, environmental, social and governance (ESG) aspects of the project. Prior to the Annual General Meeting of Shareholders to be held on June 25th, Phitrust wrote and reiterated its questions to the Chairman of the Groupe PSA.