Founder and CEO of Meridiam
Following the adoption of Mission Company status in France in 2019, 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.
Thierry Déau shares his thoughts on Meridiam’s mission:
Once certified in 2022, we joined a movement of +6,000 B Corporations globally that are helping to accelerate the global culture shift to redefine success in business and build a more inclusive, equitable 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: it is responsible for the strategy that maintains our focus on our mission. Much more than that, it is there to make sure we deliver, at all levels and across our organization, social and environmental benefits. It was also at the heart of the creation of the Five Pillars that align our actions with the UNSDGs.
This Mission Committee includes Joe Clark of the Supervisory Board, Thierry Déau, Ginette Borduas from our staff, 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).
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.
Learn more about Meridiam’s mission in our day-to-day activities from Ginette Borduas, Partner, Head of ESG and Sustainability. For her, “Our mission is an overarching approach that define how we do business, integrated in all our business activities”:
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.