Eiffel Investment Group presents its 2020 impact report and an ambitious Climate & ESG strategy

Built around ambitious objectives and innovative tools, such as the “Eiffel Pack”, this new plan reaffirms Eiffel's vocation as a responsible investor in the service of businesses and society. To strengthen the positive contribution of its investments to the environmental transition, Eiffel undertakes in particular to roll out carbon footprint measurements in all of its portfolios from 2022 and to announce a low-carbon alignment objective by 2030. Finally, Eiffel will measure the green portion of its funds, aligned with European taxonomy and corresponding to the requirements of Articles 8 and 9 of the SFDR, and will integrate biodiversity issues into the investment process of some of its funds.

For Fabrice Dumonteil, president and founder of Eiffel: “Our mission is to invest for a sustainable world. By providing businesses with the financial resources necessary for their growth, our responsibility is to ensure that this growth has positive impacts on the environment and society. This is why we have decided to offer an “Eiffel Pack” to any new company financed by Eiffel, comprising a set of tools allowing the company to train in ESG issues, to manage its extra-financial performance and to integrate social and environmental impacts in consideration of its performance. This major and very concrete commitment is at the heart of the new Climate & ESG strategy that we are adopting today and which renews our ambition to be a leader in high impact investment strategies. "

A dedicated Climate & ESG strategy to anchor our approach and mark out our ambitions

Eiffel Investment Group is a responsible investor by nature whose mission is to finance a sustainable world: the group has always made taking ESG issues into account one of the key components of its business as an investor. With its entrepreneurial DNA which drives it to implement pragmatic and innovative solutions producing concrete results, Eiffel is notably the first European player to have implemented in a private debt fund impact covenants: extra-financial performance is placed at the same level as the financial performance, the financed companies are encouraged to have a positive impact on the environment, on employment, on health ...

In view of the scale of the needs and more than ever convinced by the relevance of its investment strategies with high social and environmental impact, synonymous with the creation of strong and sustainable added value, Eiffel Investment Group has today chosen to acquire a dedicated Climate & ESG strategy that allows it to anchor its approach and mark out its ambitions. This strategy has three components:

• Support invested companies in their transitions, to strengthen the positive contribution of our investments to environmental transition and position ourselves from 2022 on a low-carbon alignment objective by 2030;
• Pursue the development of innovative impact strategies according to a reinforced approach aligned with the requirements of local works and their definition of impact investment;
• Strengthen the integration of ESG issues internally, in terms of governance, employee training, measurement and management of the Group's exposure to ESG risks, and finally the application of ESG practices to each of our asset classes.

A strong and practical commitment: to offer each newly invested company an “Eiffel Pack” to help it transition to a low carbon model

To support its ambitions and in line with its conviction that responsible investment is today a matter of concrete actions, Eiffel Investment Group undertakes to offer each newly invested company an “Eiffel Pack”. The provision of this "Eiffel Pack" aims to offer the company a set of tools to support it in the management of its extra-financial performance and its social and environmental impacts, so that the extra data collection work financial is not only part of a reporting requirement. Concretely, the “Eiffel Pack” includes support or support in carrying out a greenhouse gas emission report (BEGES) for companies with material issues, a dashboard including the main indicators ESG, the calculation of more complex indicators such as the employment footprint, an impact business plan, documentary resources and training on extra-financial issues.

The deployment of this tool pack will allow Eiffel to anchor the support of its investments in a gradual alignment with the objectives of the Paris Agreement, thus allowing the companies involved to transition to low-carbon business models. From 2021, Eiffel will choose a low-carbon alignment methodology and apply it to a pilot scope including the most advanced funds in this field. In view of the results in 2022, Eiffel undertakes to announce a low-carbon alignment objective by 2030, across all of its portfolios, with variations by investment strategy.

Extend our coverage of climate issues: measure the green part and integrate issues related to biodiversity

From 2021, Eiffel will measure the green part, aligned with European taxonomy, of its funds corresponding to the requirements of Articles 8 and 9 of the SFDR. In 2021, Eiffel will formalize a system for collecting and measuring the exposure of its infrastructure assets to issues related to biodiversity. This tool will be an integral part of the investment processes of infrastructure funds and will be extended to other Eiffel strategies, in particular private equity. The objective is to help the participations to familiarize themselves with the challenges related to biodiversity, the impacts they can have and the concrete actions to be taken.

A decisive year 2020, illustrated by a new impact report

The year 2020 will have been a decisive year in Eiffel's career since it will have been marked by a record inflow of more than 1 billion euros, bringing the group's assets well beyond the 3 billion under management. These new commitments mainly concerned 5 new funds; Eiffel Gaz Vert, Eiffel Energy Transition II, Eiffel Impact Debt, Eiffel Essentiel, Nov Santé Debt Privée. These funds share common characteristics specific to Eiffel: they are innovative, most of the time without equivalent, and place the search for a positive impact at the heart of their investment strategy, drawing on very strong and recognized sector expertise.

These creations provided rich material for Eiffel's impact report, drawn up in conjunction with the ESG-Climate strategy, on which it is intended, in the coming years, to report in a clear and transparent manner. This report is published today and available on the site.