The sustainability fund: what is it?

A type of hybrid structure, the sustainability fund collects the shares of one or more companies (carrying on an industrial, commercial, craft or agricultural activity) transmitted irrevocably and free of charge by its founders. The Sustainability Fund can actively manage the stakes collected with a view to ensuring the long-term development of the company, while preserving the values that the founders have enshrined in the fund's articles of association. In addition, the fund can finance diversified actions, including non-company-related missions, such as philanthropic activities.

The creation of an economic sustainability fund is declared by form to the prefecture of the department where its head office is located. That declaration shall state the date, name, purpose and registered office of the perpetuity fund, the duration for which it is set up, the date of closure of its financial year and the names, forenames, dates of birth, places of birth, professions, places of residence and nationalities of the members of the management board and of the management committee. This declaration shall be accompanied by the lodging of its articles of association and the indication of the securities or shares made inalienable. The Economic Sustainability Fund shall have legal personality from the date of publication of the declaration in the Official Journal.