A leading player, a pioneer in impact investing

“The uniqueness of INCO Ventures is to put impact at the heart of decision-making.
Proven for over ten years and continually improved, the INCO Ratings methodology aims to both select projects and support them in developing a robust, reliable and ambitious impact measurement.
The objective: to identify the indicators to follow in order to place impact at the heart of the strategy.
Alice Carle,
PhD - Chief Impact Officer, INCO Ventures
Our Global Impact
* Data 2023
Renforcer la cohésion sociale

+ 1,2M Personnes
accompagnées dans leur parcours de santé

+86 K Personnes
en situation de précarité hébergées
Favoriser une économie plus inclusive

+ 21,7 K Personnes
formées dans l’année

+ 5,9 K Salariés
en parcours d’insertion ou en entreprise adaptée
Préserver les ressources et le vivant

+261000 t CO₂e évitées
Soit l’équivalent de +104k vols A/R Paris - New-York

+ 352,6 K Tonnes de déchets revalorisés
Soit l’équivalent de 35 fois le poids de la Tour Eiffel
Our methodology:
INCO Ratings
The first pillar of impact investing concerns intentionality, and is expressed through the investment theses of each fund supported by INCO Ventures, all classified Article 9 SFDR. All investments made are intended to obtain empirically measured social and environmental impact performance.
INCO Ventures is a unique institution in the field of financing impact businesses. INCO Ventures brings unique skills to understand our business of selling second-hand cultural goods to support integration and the fight against illiteracy. INCO Ventures is a caring partner, knowing how to question us wisely about our strategy and proactively offer us solutions. INCO Ventures is also a partner who listens and responds to the requests of entrepreneurs. It is a source of pride and a chance to have them by our side.
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Raphael Boukris & Renan Ayrault
Co-directors - Ammareal
INCO Ventures' additionality is expressed in its ability to deploy capital for impact projects, by integrating impact criteria into the decision-making process and by offering flexible and patient financing.
The INCO Ventures team, expert in investment and impact measurement, supports investments in changing the scale of their project, with the aim of improving impact performance.
INCO Ventures is a unique institution in the field of financing impact businesses. INCO Ventures brings unique skills to understand our business of selling second-hand cultural goods to support integration and the fight against illiteracy. INCO Ventures is a caring partner, knowing how to question us wisely about our strategy and proactively offer us solutions. INCO Ventures is also a partner who listens and responds to the requests of entrepreneurs. It is a source of pride and a chance to have them by our side.
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Raphael Boukris & Renan Ayrault
Co-directors - Ammareal
Selection
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Projects are evaluated on 15 impact and ESG criteria, according to the INCO Ratings methodology, aligned with international standards (Impact Management Project). A score /20 is assigned to each project on these criteria in order to give a central place to impact in the investment decision.
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Impact performance indicators are defined and multi-year objectives are set with management.
Follow up
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Impact and ESG data are collected annually and the results are discussed with management to identify the measures to be implemented to achieve the objectives.
Exits
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Ensuring the impact of participation involves planning investment exits aligned with the vision and impact objectives carried by participation (see The White Paper Exit and impact companies )
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The investment team ensures that the buyouts are made in line with the impact investment thesis (resale of Castalie shares to RING Capital, an impact investment fund; acquisition of Betterfly Tourism by FairMoove, a key player in responsible tourism; acquisition of Ecomatelas by Recyc-Matelas Europe, the French leader in mattress recycling, etc.)
INCO Ventures is a unique institution in the field of financing impact businesses. INCO Ventures brings unique skills to understand our business of selling second-hand cultural goods to support integration and the fight against illiteracy. INCO Ventures is a caring partner, knowing how to question us wisely about our strategy and proactively offer us solutions. INCO Ventures is also a partner who listens and responds to the requests of entrepreneurs. It is a source of pride and a chance to have them by our side.
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Raphael Boukris & Renan Ayrault
Co-directors - Ammareal
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Impact and ESG reporting is communicated to investors, with aggregated data published in the annual INCO Ventures Impact and ESG Report .
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As a leading player in impact investing, INCO Ventures participates in numerous local projects and shares its best practices, with the aim of contributing to the transition of the financial sector.

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