Founder and CEO of Meridiam
Meridiam is a certified Benefit Corporation (B Corp) under the meaning of the French law. Following the adoption of Mission Company status in France, we launched a process to become a certified B Corporation, a global certification for companies that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.
We have completed the B Impact Assessment as part of the self-reported and unaudited process and are waiting for B-Lab verification. Once certified, Meridiam will join a movement of 3,500+B Corporations globally that are helping to accelerate the global culture shift to redefine success in business and build a more inclusive and sustainable economy.
Our governance has evolved to be consistent with our mission. Our specific Mission Committee monitors a rigorous and genuine evaluation of the impact of our investments against our pillar goals and sets new targets for improvement.
This Mission Committee includes Joe Clark of the Supervisory Board, Sandra Lagumina from management, Ginette Borduas from our staff and Françoise Tauzinat and Patrice Garnier who are independent members from the industry. It will regularly engage with the Supervisory Board and the employee representative body (CSE).
For Sandra Lagumina, Deputy CEO and Partner, Meridiam, and chair of the committee:
“Since 2005, Meridiam is leading the way in impact investing and keeps implementing innovative and pioneering initiatives to reinforce its contribution to sustainability. This committee is another example of our determination to continuously improve our contribution to impact and act for the benefits of the communities.”
We are officially recognised under French law as an asset manager targeting positive social and environmental impact with just the same determination we apply to delivering financial performance for our investors. We took on this classification in 2019, the culmination of a commitment to social and environmental responsibility that has been at the heart of Meridiam since we set out our mission in 2005.
This status means we must meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. By aligning stakeholders’ interests with those of public bodies and communities, we can help achieve what B Corps were created to do: redefine success in business and build a more inclusive and sustainable economy.
Our approach is based on six commitments that every member of the team believes in:
We make decisions today on the premise that they are sustainable and relevant in the long term.
We actively control risks that could have a negative impact on our environment.
We have frequent and constructive dialogue with public and private actors as well as local citizens to provide tailor-made solutions adapted to their needs.
We manage the assets we own to ensure they have a positive impact on the communities which they serve. We commit to managing costs and project deadlines, ensuring a viable return on investment for the institutions who have confided their financial resources to us.
We are members and shapers of the global community. We actively participate and shape the global community to share our resolutely inclusive vision and the absolute necessity of taking ESG criteria into account in each and every one of our actions.
We love sharing our experience, vision and ambition with the rest of the world.