Finance for inclusion: focus on impact investing on the occasion of the release of the film "Same Same but Different"
On the occasion of the film's release "Same Same but different", directed by Tommy Pascal and filmed in Cambodia with Phare Performing Social Enterprise (PPSE), a social enterprise supported by the Grameen Crédit Agricole Foundation and which employs young artists from disadvantaged backgrounds, Crédit Agricole SA and the Foundation organized a round table at the Grand Rex on the “Finance for inclusion: challenges and opportunities”.
Moderated by Vincent Brousseau, Director of Impact Financing at the Grameen Crédit Agricole Foundation, the round table composed of Cyrille Langendorff (Phitrust), Florian Peudevin (Amundi) and Mathieu Cornieti (Impact Partners) offered insightful discussions. The speakers presented the impact investing sector in France, explained what patient investments are, and the risks and challenges of the sector. Punctuated with concrete examples of their activities, the discussions highlighted the importance of finance in achieving fairer and more equitable inclusion of vulnerable populations, both in France and abroad, as well as the importance of time in projects that can only be considered long-term.
“Take the time to support social innovations.” – Florian Peudevin
Time is a key concept in finance. Because it's linked to profitability, performance, and the clarity of their effects. Would moving quickly be a guarantee of success? Not when it comes to impact investing. To provide answers to major challenges, we must innovate and take the time to support these innovations. ", explains Florian Peudevin. Investing in a project with social impact means accepting that it will experience ups and downs and difficulties. We are in a long-term perspective. What we are adjusting is the level of risk we want to position ourselves on. », agrees Mathieu Cornieti. “ We don't desert in case of a problem " concludes Cyrille Langendorff.
Presented by Regis Wargnier, French director, President of PPS France, in the presence of Veronique Faujour, General Delegate of the Grameen Crédit Agricole Foundation, PPSE's experience is a concrete example of what impact investing can represent for the inclusion of vulnerable populations, and in particular young people in difficulty. This support is all the more necessary in times of crisis such as that experienced during the Covid pandemic, which has undermined the financial situation of the company and, consequently, that of the artists and their families. The support of the Grameen Crédit 10Agricole Foundation and the Crédit Agricole SA Group was crucial in enabling the company to overcome this milestone and continue to offer us unique shows such as the one from which an excerpt was screened as an introduction to the round table.
Find the extract from the film “Same Same but different” here.
The entire film East available on the Qwest TV platform (by subscription).
