Flexstone Partners, a specialist in investing in the unlisted small and mid-cap segment of the global small and mid-cap market, a PRI signatory since 2014, is strengthening its ESG integration and has appointed an ESG Manager in the person of Caroline Gibert.
She will be responsible for guiding all of Flexstone Partners’ ESG activities in terms of strategy, management, processes, data reporting and reporting at both the corporate and investment levels.
Flexstone’s approach to ESG is inclusive and builds on the team’s values and diversity to make a meaningful contribution to environmental, social, and governance issues. “In 2020, we have been working on a concrete action plan to strengthen our ESG commitment through new methods of ESG integration that can benefit our clients and society as a whole,” commented Caroline Gibert.
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Four Sustainability Goals (SDOs) have been selected by Flexstone professionals to guide its actions as a corporate citizen
These include contributing to the fight against global warming (Goal 13); promoting social equity and access to education (Goals 4 and 5); and balanced economic growth (Goal 8).
Flexstone has also evolved its proprietary ESG framework and internal reporting to ensure an active ESG approach and monitoring throughout the investment process. “Our mission is to deliver an attractive long-term risk/return profile to our clients. ESG integration is designed to enhance this mission by ensuring that all managers and portfolio companies have the right tools to develop a sustainable business model,” added Eric Deram, Managing Partner at Flexstone.
Caroline Gibert will be supported by an ESG working group consisting of eight professionals with interdisciplinary profiles to ensure seamless ESG integration across the company. Specific objectives have been set: to offer dedicated ESG analyses for each client and to produce a Global ESG Report, to increase the proportion of women in the investment team to 40% by 2030; and to achieve carbon neutrality by 2050.
“We will also strengthen our commitment to local initiatives to encourage change and work on new ways of investing,” concluded Caroline Gibert.
Flexstone’s ESG history dates back to 2006, when it was awarded its first private equity mandate for a Swiss public pension fund with specific ESG guidelines. Since then, Flexstone has steadily strengthened its ESG expertise, notably with the signing of the PRI in 2014 and the formalization of its ESG investment policy. In 2020, Flexstone committed to the “Charte Parité” defined by France Invest, and published its first global ESG policy.
Caroline’s appointment is a further step to accelerate Flexstone’s ESG approach. This new assignment will complement Caroline’s current role as Business Development Manager to coordinate with Flexstone’s customers and provide them with ESG solutions that are dedicated to their own values and goals.
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First published in NextFinance, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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