ESG practices: What are the latest trends in tech?
SUMMARY
On the occasion of the publication of the report on best ESG practices in tech by Revaia, we invited experts on the subject to discuss the challenges this raises during our last Galion Live event on October 3, 2023.
Speakers:
- Alice Balagué, Chief Impact Officer, Fairmat
- Bettina Denis, Head of Sustainability, Revaia
- Frédéric Plais, Co-founder of platform.sh and member of The Galion Project
If you missed it, don't worry, the replay is available right here
Background of the ESG Practices Report
Recently, there has been a severe lack of ESG references for private companies at different stages of maturity (seed phase, series A,...)
Prioritizing and measuring progress then becomes a bit complicated.
While these ESG criteria exist for more mature companies, it is even more difficult for companies at different levels of development (from early stage to the last stage) to obtain information that allows them to assess the efforts to be made.
Revaia has therefore published the first report on ESG practices, which provides start-ups with relevant data according to their stage of maturity. Through a study conducted on more than a hundred start-ups in partnership with The Galion Project and Bpi France and with the support of Invest Europe, ImpactVC and 2CFinance, the report allows international companies to put in place best practices to meet ESG challenges.
Key figures
- Environment: Less than 37% of companies that were located before the D series have implemented a responsible purchasing policy.
- Diversity : While 37% of board members are women for early-stage companies, only 27% remain in Series D+.
- Governance: While 23% of B series companies have implemented B Corp certification, there are only 18% in series D+
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