J. Lescs (Kimpa): “Kimpa is fulfilling its obligations by receiving a B-Corp certificate this year”

Decision makers. You are the first family office to receive a B Corp certificate, what does that mean?

Julien Lesk. First of all, B-Corp certification involves responsibilities. This allows us to participate in an international community of 300 members in France and 5,000 worldwide. Its principle is to inspire and help all players join the movement, using our ecosystem to influence the world around us around the five pillars of management, employees, impact on society, the environment and, finally, customers. B-Corp certification goes beyond the company’s mission, it provides more restrictions. This approach is iterative and also brings us international recognition, which is not allowed by the status of a mission-based company.

What criteria must be met to obtain this certificate?

The process is long and begins with an assessment: B Impact Assessment (BIA), which allows you to get a score that must reach 80 out of 200 points to receive this certification. We must also provide all supporting documents to support the assessment and conduct an audit that calls into question the responses previously provided. The B-Corp certification, which we received during the year with a score of 108, is the highest guarantee of commitment to sustainable transformation that a company with ISO 26000 and company status can receive at the time of appointment. Finally, through internal processes, Kimpa joined the B-Corp community, in which the company is investing, so that its philosophy will eventually be adopted by others.

“We are the first family office to direct our company to social and environmental impact”

Now that you have received this certificate, what’s next?

We are happy to have received such a high score, and now we must maintain this level of requirements and improve it in the next questionnaire. In fact, these companies are re-evaluated every three years to enable them to improve and keep abreast of evolving social and environmental standards. We are confident in our ability to do this because we are a mission company and the first family office to support its clients in allocating part of their capital to projects that have a social and environmental impact. It gives us the strength and ambition to make our business impact. For new generations, environmental impact is key. We work hard to help the entrepreneurial family unite around joint projects. In addition, we do not forget about the main purpose of the family office, which is to combine family harmony with heritage protection.

What are your next areas for improvement?

Since its inception, we have developed a patented tool called the Supplemented Portfolio, which allows us to structure and manage all of our clients’ assets, the regulatory process, and measure the impact on four asset classes. We continue to invest in them to enable our clients to measure the impact on each asset class through their investments. The aim is to improve their results through a thorough and documented methodology. It also helps to visualize investment opportunities in accordance with the investment thesis and risk profile of our clients. Then we continue to position ourselves as an organization with great diversity – we have 60% women in the company and 40% men – multiculturalism with four nationalities among our 17 employees, and we structured our company around smart concepts full transparency of access to information and access to shares. We also develop a corporate culture based on the concepts of a dismissed company, for example, by introducing the concept of unlimited leave for all our employees.

“Extended portfolio is the only solution on the market for structuring and managing all assets of our clients with financial and impact indicators”

Is socially responsible investing a demand of your clients?

We quickly realized that we wanted to help clients who wanted to direct part of their capital to socially responsible or influential investments. We are not going to convert investors who do not have such an appetite, but they all want to give value to their investments, and we are ready to direct them. There is a difference between the generations, the older is worried about what is happening in the world, and the new is encouraged to change the situation. The 17 Sustainable Development Goals, structured by the United Nations, unite the family around joint investment. Kimpa works with its clients to structure the thesis on the impact of investment and how to deploy it in different asset classes in the family. Finally, it is important to distinguish between responsible financing, sustainable financing and impact financing, as well as how they are positioned in the distribution of assets.

Closing remarks?

As a company with a mission that influences influence, there is a circularity for all stakeholders in this business. This means that where the company used to be able to compete with its competitors, it now cooperates with its ecosystem. Kimpa is pleased to be able to share his skills with his colleagues through missions that go beyond the company’s activities. Finally, we want to engage our community because it is a matter of looking at our competitors today as partners to share our best practices and use powerful financial levers to fund the solutions our planet needs and which we leave to our children. We belong to a much more joint business than just supporting wealthy families. It is in this context that Kimpa is currently conducting extended discussions with several French and European offices for single and apartment families to help them develop their experience in Impact Investing.

Interview with Juliet Woods