Diversity contributes to individual development and collective performance. It is a strength that we value, whatever diversity it may be (e.g. gender parity, social diversity, LGBTQIA+, handicap, inclusiveness firm culture…).
We are particularly committed to gender equality, which we promote through a global diversity policy, quantitative objectives set by the Top Management, HR processes that consider the importance of diversity (recruitment, performance evaluation, development and coaching), agreements and charts that promote a better work/life balance, and awareness-raising and training initiatives.
Together diversity and inclusion represent one of the two main pillars of Eurazeo’s O+ ESG program. We promote inclusion and equal opportunities for all our colleagues at all stages of their journey, as well as within our portfolio companies.
Diversity, equity and inclusion for innovative and sustainable growth:
Eurazeo's objectives for 2030
- 40% for the least represented gender in the executive teams
- Difference of less than 20% between both genders in the entire workforce
- Gender diversity index ≥ 85/100 (applicable in France only)
- Maintain a representation ≥ 40% for the least represented gender in the Supervisory Board
Beyond the numbers, we are committed:
Our commitments regarding the promotion of Diversity, equity and inclusion within Eurazeo:
- Measure of the progress related to gender parity, through various defined indicators. The bonuses of the Partners Committee partially depend on Diversity, Equity and Inclusion criteria, such as the proportion of women in the teams and the proportion of women hired during the year. This phenomenon is adapted to the teams: the objectives are also related to DEI.
- Link DEI subjects to all HR processes, with a specific focus on hiring: search firms commit to submitting as many women candidates as men in shortlists. Since 2022, 58% of the newly hired employees are women, including 52% of women within Investment Teams.
- Publication of a DEI charter and policy, which describe our internal commitments and are being shared with our LPs; they supported Eurazeo’s application for the Diversity in Action Initiative by the ILPA (Institutional Limited Partners Association).
- Signature of the France Invest Diversity Charter in 2019, encompassing 30 commitments promoting gender parity. The objectives are to reach 25% of women having responsibilities within the Investment Committee by 2030, 30% by 2035 and 40% of women within Investment Teams in 2030.
- Enrichment of the possibilities of trainings programs, so that all employees can reach their full potential, may it be through the development of hard skills or that of soft skills (feedback, best managerial practices, leadership…).
- Launch of sensibilization sessions on cognitive biases, with a specific focus on “ordinary sexism”.
- Implementation of a co-parental leave (also destined for same-sex parents and adoption) in 2021 which lasts 6 weeks instead of the 4 weeks planned for by the French Law (only applicable in France).
- Reinforcement of an inclusive culture by offering a flexible work environment: working from home charter, the financing up to 100% of the kindergartens, the distribution of vouchers to facilitate the daily life of families.
- Achievement of a score of 94 out of 100 by Eurazeo in the French professional gender equality index, based on the results of the following four indicators in 2023:
- 34/40 for the pay gap between women and men in comparable job categories and age groups;
- 35/35 for the difference in the rates of individual salary increases between women and men;
- 15/15 for the percentage of female employees receiving a salary increase upon returning from maternity leave;
- 10/10 for the number of employees of the underrepresented gender in the 10 highest-paid positions.
- Achievement of a score of 86 out of 100 by EIM in the French professional gender equality index, based on the results of the following four indicators in 2023:
- 36/40 for the pay gap between women and men in comparable job categories and age groups;
- 35/35 for the difference in the rates of individual salary increases between women and men;
- 15/15 for the percentage of female employees receiving a salary increase upon returning from maternity leave;
- 0/10 for the number of employees of the underrepresented gender in the 10 highest-paid positions.
Our commitments regarding the promotion of Diversity, equity and inclusion across the industry:
- Launch of the French Chapter of the Level 20 initiative in 2019 - including Outreach initiatives, mentoring, research work and events. Objective? To represent a greater number of women within the Private Equity industry. In 2022, 10 Outreach Events were organized, including 4 with participation of Eurazeo employees.
- Participation to the activities of France Invest, to its Talents & Diversity Commission, and recognition of Eurazeo’s actions through a reward: the High Prize for being the “GP company that leads the most active policy in terms of feminization actions in its Investment Teams” in 2022.
- Signature of the SISTA charter in 2019, which seeks to reduce disparities in funding granted to male and female entrepreneurs, as well as organizing discussions with female start-up founders. Our Venture and Growth teams take part in programs such as the Vivatech Female Founder Challenge.
- Completion of the answers to CSR indices (FTSE, ISS, Sustainalytics etc.) every year, and completion of LP questionnaires on diversity and inclusion matters, such as the Due Diligence of the ILPA (Institutional Limited Partners Association).
- Recognition by the Private Equity Women Investor Network (PEWIN) of Eurazeo as the International General Partner of the Year, for its commitment to gender parity and its focus on powering better growth through its portfolio.
- Application for and selection by the ILPA’s (Institutional Limited Partners Association) Diversity in Action Initiative, an association gathering 600 LPs and whose objective is to promote DEI within private markets.
- Support the #TechYourPlace Initiative since 2022, an initiative promoting social diversity in startups.
- Signature of the Galion Gender Agreement, a charter whose purpose is to promote gender parity in the Tech industry, through 45 solutions, and promotion of this charter among Eurazeo’s portfolio companies.
- Contribution to the creation of the Women’s Forum’s Rising Talents initiative as Eurazeo was one of its historical partners, from 2007 to 2020. This initiative supports high-potential female talents under the age of 40.