Our commitments
Montefiore’s commitments
From the very outset, this goal has guided our investment decisions and shaped the strategic support that we provide to portfolio companies. The result is an approach that strikes a balance between the short term, the long term, profitability and sustainability. We have taken a new step forward by creating a sustainability roadmap to take us through to 2030, recognising that sustainability will be a key driver in the transformation and long-term attractiveness of our economy.
In addition to instilling ESG best practices within Montefiore itself and investee companies, we advocate for a sustainable development model based on the profitable growth of SMEs and mid caps. The heart and soul of France’s economy, these companies account for the vast majority of jobs in our country and will take the lead in meeting today’s big challenges, including reindustrialisation and the green transition.
PORTFOLIO KEY FIGURES
100
of firms have a value-sharing programme
32
of executive committee positions are held by women
24
of firms measure their carbon footprint based on Scope 1, 2 and 3 emissions
Designed to be in step with the changes of our time, we have made a three-tiered sustainability commitment:
Economic
On the economic front, first of all, through efforts to support sustainable growth and profitability at our portfolio companies, with the aim of generating value and extremely positive long-term returns for these companies and their ecosystems.
Social and societal
A strong social dimension, with the creation of many jobs in our portfolio and an emphasis on sharing value creation with employees – human-capital development, inclusivity and diversity are among our central ESG goals.
Environmental
An assertive environmental approach, with assessments to mitigate risks and integrate them in a strategy to reduce adverse impacts. Following this stage, we identify potential business opportunities with a positive environmental impact.
”Montefiore has consciously chosen to be an engaged participant in the energy and climate transitions. With all our funds classified Article 8 under the EU's Sustainable Finance Disclosure Regulation, our goal now is to grow our investments in the fight against climate change. Furthermore, we recently added a new component to our Growth Buy-Out multi-service strategy. This was the idea behind the decision in 2022 to set up a strategic partnership with Starquest, a greentech leader for innovative funds, whose most recent fund is an impact fund (Article 9 classified).
Daniel ElaloufChief Executive - Partner
”We already had some solid ESG initiatives, but this is an important issue for Montefiore as well. The team provided us with feedback on what we were doing. They cared about more than just marketing outcomes or the financial side.
Olivier FarouzChairman, Premium Group
”We had already embarked on several CSR initiatives before Montefiore came along. It was one of our points of difference for Montefiore, and they have continued to support us on these aspects.
Patrick GargulaCEO, Lyovel
Action plan:
a roadmap for 2030
In 2022, Montefiore Investment set a series of sustainability goals to be met by 2030, with mid-term targets for 2025. Forged through fruitful discussions with employees, which were structured with help from outside experts, these commitments apply to portfolio companies but also to Montefiore Investment itself. Set within the framework of the UN’s Sustainable Development Goals 5, 8 and 13, they cover four main areas: employment, equality, value-sharing and climate.
Every year, Montefiore’s Sustainability Committee is tasked with assessing the progress made against the quantitative goals in the mid-term roadmap.
Nos Objectifs de Développement Durable :
Job creation (net and via acquisitions), mainly in France and Europe
2030 TARGET
9,000 & 18,000
Involve employees in value creation: set up profit-sharing programmes
2030 TARGET
80%
Gender equality: balanced representation for men and women in executive committees
2030 TARGET
35%
Climate: measure carbon footprint across Scopes 1, 2 and 3; identify emissions reduction trajectories
2030 TARGET
70%
