20 years
    of demanding dialogue with major French companies
  • Nearly
    public initiatives
    (resolutions, oral and written questions at general meetings)
    social enterprises funded and supported
    40 million €
    invested in social enterprises
We are facing unprecedented environmental and social challenges. It is our responsibility to act. Finance is our leverage.

A story
of actions


A conviction: being a shareholder means having the power to act. Olivier de Guerre, together with Denis Branche, gather private and institutional investors to encourage the managers of large listed companies to accelerate the transition of their business model. Phitrust was born.


Phitrust creates a foundation for social entrepreneurship and then launches, with private investors, the first investment fund to support the development of unlisted social impact companies. It will be joined in 2016 by a second fund, and a third fund in 2023 launched with renowned institutional investors.


Total. Together with Greenpeace France and twenty institutional shareholders and asset managers, Phitrust submits a draft resolution about the environmental risks of intensive oil sands exploitation in Canada. This will be the first environmental resolution in France.

Since 2003,

Nearly 50 resolutions have been submitted to the general meetings of listed companies, questioning their environmental, social, governance and ethical practices.

At the same time, more than 45 companies with a social and environmental impact have been funded and supported in their development. Integration through work, education, reduction of the digital gap, circular economy, financial inclusion, access to basic goods, fight against energy precarity, … these are all challenges taken up by the involved entrepreneurs we finance and support.

Our business :
investing to act

“Investing to act and supporting the growth of companies that place human development and the preservation of our planet at the heart of their strategy” is our “raison d’être”. In 2021, Phitrust becomes a mission-driven company. By inscribing our “raison d’être” in our statutes, we pursue the commitment and action undertaken by Phitrust since its creation.

We are implementing these principles in our two investment activities:

  • We deploy SRI investment management and use all the levers of shareholder engagement to improve the governance as well as the environmental and social practices of listed companies
  • We manage social venture funds and support the development of unlisted companies with an inclusive vision of society.

Our model gives priority to impact and long-term returns.

ESG information

ESG Information

Information related to the sustainable investment policy and ESG integration, at the level of the management company, is available in the following documents:

At fund level, ESG information is constantly available in the funds’ DICI and prospectus on listed assets, and in the description of the investment policy and the management objective. In addition, every month, subscribers receive this information in the monthly factsheets which detail in particular the shareholder engagement initiatives implemented on ESG issues in a dedicated section. The annual management reports highlight the shareholder engagement initiatives on ESG issues in a dedicated section. Finally, the AFG FIR Transparency Code, available for active funds listed on our website, sets out in detail how criteria relating to compliance with ESG objectives are taken into account.

Our references

We have selected the principles published by major international investors and the associations of which we are a member, notably the International Corporate Governance Network (ICGN) and the Association Française de Gestion Financière (AFG).

Phitrust has also been a signatory of the Principles for Responsible Investment (PRI) since 2007. Phitrust’s ESG incorporation policy responds directly to Principle n°2, in particular with regard to the need to engage with issuing companies on strategic governance issues, including environmental and social issues. Phitrust also stands out among asset management companies by obtaining the highest ratings (A+ and A) in the latest “Assesment Report” for the Strategy & Governance and Direct & Active Ownership modules for the listed equity asset class.

Finally, our social impact investment company Phitrust Partenaires, a European Social Entrepreneurship Fund (EuSEF), also has ESUS (Entreprise Solidaire d’Utilité Sociale) public approval and the Finansol* label, which distinguishes solidarity savings products from other savings products for the general public.

*The Finansol label guarantees the solidarity and transparency of Phitrust Partenaires. The capital invested is not guaranteed.

Subscribe to our newsletter