Company
Bpifrance Capital Innovation
Headcount
120 employees
Website
Sector
Project type
Transition of shareholdings
Managers
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In brief
- Bpifrance Capital Innovation brings together all the innovation capital funds of the public investment bank;
- Carbon Cutter has developed a tailor-made methodology to analyse the environmental challenges of the 250 innovative companies in the portfolio;
- 60 of these companies were supported by Carbon Cutter in carrying out their first carbon assessment, with an average satisfaction rating of 4.75/5;
- The 120 investors have developed their expertise in environmental issues related to their daily activities.
“A pragmatic and practical approach, closely aligned with the real challenges facing our investments. A real success.”
— Paul-François Fournier
Executive Director, Bpifrance Innovation
& Member of the Executive Committee
Bpifrance Capital Innovation
Bpifrance Capital Innovation brings together the public investment bank’s funds that invest in innovative companies.
The entity’s 120 investors are divided into 8 thematic investment clusters: industrial seed funding, industrial project companies, large venture, digital venture, cultural and creative industries, green venture, biotech, and cross-disciplinary investments.
These 8 investment areas represent a total of €5.5 billion in assets and hold stakes in more than 300 companies. They include companies such as Ÿnsect (agri-food industry), ManoMano (e-commerce) and Doctolib (SaaS).
The initial challenge
In 2022, Bpifrance Capital Innovation asked Carbon Cutter to:
- Know where the companies in its portfolio stood (team maturity, environmental performance of solutions, climate risks, etc.);
- Build investors’ expertise on environmental issues;
- Help voluntary participants to initiate their first climate action plan.
One of the challenges was to develop a common methodology capable of handling a wide range of business cases, from biotechnology start-ups to medium-sized companies specialising in art restoration, as well as companies involved in renewable energy.
The completed project
The project, which took approximately 10 months to complete, consisted of 3 phases:
Methodology design, participation analysis and investor training
We have developed a specific methodology to identify:
- the transition risks and opportunities for each holding;
- an observed level of progress;
- a recommended level of progress;
- an index reflecting the environmental contribution of the holding’s solution.
These indicators, particularly the difference between recommended and observed levels of progress, enabled us to recommend personalised support measures.
Establishing contact with participants and supporting voluntary participation
The investment teams then shared these analyses with their investee companies, offering them personalised support measures.
We carried out 60 simplified support measures (‘Express Climate Assessment’) to help investee companies calculate their carbon footprint and define an initial transition plan.
Progress analysis, feedback to invesment teams
The investment teams received detailed information (benchmarks, risk levels) on their portfolios and were trained to integrate climate considerations into their practices (file analysis, board monitoring, etc.).
“The Magelan team proposed an ambitious methodology and implemented it with rigour, proactivity and enthusiasm. This transition project addressing the major challenge of climate change has been a real step forward for our teams and our investments.”
— Raphäel Didier
Director of Transformation and Innovation Strategy
