How Greenscope supported Siparex across the entire ESG function

• Siparex has an ESG & Climate team of three people overseeing more than 30 funds and 250 investments. To scale up, Siparex sought a partner capable of providing both a robust tool and advisory support
• Together with Siparex’s team, we co-developed an ESG indicator framework that simplified and standardized reporting while enhancing its relevance for the investments
• During data collection, multi-level consistency checks were implemented to ensure data reliability: automated checks directly in the questionnaires, a global review of results by Greenscope’s ESG analysts, and direct communication with investments to correct any inconsistencies
• Beyond quantitative data, Greenscope conducted an in-depth ESG interview campaign with 50 investments. These interviews helped assess ESG maturity, analyze materiality issues specific to each company, and enrich the reporting with a valuable qualitative dimension
• Siparex now benefits from a comprehensive solution, ranging from structured and reliable data collection to reporting for its investors, thereby strengthening the credibility and transparency of its ESG approach

• Platform specialized in private equity and debt financing for unlisted companies, from venture capital to European mid-cap
• Finance
• 150 employees
• Greenscope’s mission: data collection on ESG, analysis, and reporting to stakeholders

Siparex is a French Private Equity platform with €4 billion in assets under management, operating in equity and quasi-equity investments across the entire market continuum, from venture capital to European mid-cap. It also manages thematic strategies in energy transition, the nuclear sector, and social impact in healthcare.

Siparex has made the choice to integrate ESG criteria into its investment strategy for over 20 years. With the growth of its activities and the diversification of its strategies, the group needed to establish a system capable of addressing several major challenges:

• A considerable volume of data to collect and manage
• Ensuring the reliability of ESG data
• The need to evaluate and analyze the ESG data collected from portfolio companies
• Meeting regulatory and investor expectations

In this context, Siparex needed a partner capable of providing both an ESG management software solution and expert advisory support to ensure data reliability and enrich analysis.

Greenscope was therefore mandated in 2024 to:

• Review and ensure the reliability of the ESG indicator framework used by Siparex
• Launch the data collection campaign and support contributors
• Implement consistency checks to ensure the quality and credibility of the ESG data collected
• Conduct 50 qualitative interviews with portfolio companies to complement quantitative data with an analysis of materiality and ESG maturity
• Provide benchmark data to compare the performance of portfolio companies
• Co-develop summary sheets for portfolio companies: selecting relevant indicators to include, structuring visual layouts, and standardizing formatting

Siparex chose Greenscope to combine the efficiency of an ESG management digital tool with the added value of tailored advisory expertise.

Initially, Greenscope configured the ESG indicators by adjusting the indicator framework to ensure its relevance, simplicity, and clarity for all portfolio companies.

Consistency checks were then implemented at two levels:

• Automated alerts directly integrated into the questionnaires, allowing contributors to see inconsistencies in real-time and make corrections as they complete the questionnaire before submitting the data
• A global review carried out by Greenscope’s teams, with corrective exchanges with the portfolio companies to validate or adjust the information

Greenscope also conducted 50 qualitative interviews with portfolio companies, complementing the quantitative data with an analysis of materiality, a mapping of existing ESG initiatives, and an assessment of each company’s ESG maturity.

Finally, standardized summary sheets for each portfolio company and fund were produced, allowing for a consistent presentation of results with a clear and comparable format.

The outcomes are:

• More reliable and credible ESG data, thanks to automated checks and personalized follow-up
• The ability to industrialize the collection and analysis of ESG data across 250 portfolio companies and 30 funds
• Enhanced and differentiating reporting for investors, combining quantitative data with qualitative insights
• A long-term partnership with Greenscope, enabling Siparex to continue structuring its ESG approach with a single centralized tool