White Paper: Investing for European Sovereignty
The issue of sovereignty runs through most sectors and areas of the economy: we must rebuild supply chains weakened by geopolitical uncertainty, regain autonomy in energy, digital technology and healthcare, and, in recent months, in defense with particular urgency. The challenges are many, and public authorities, companies, citizens and investors have matured. There is now a consensus on the need to mobilize private capital, alongside public funding, to meet these challenges.
But how can we identify concrete needs, how can we raise sufficient capital from institutional and retail investors, and how can we channel that capital efficiently toward projects and companies? Sienna Investment Managers wanted to contribute to the reflections around sovereignty in Europe, long considered synonymous with isolationism, by giving a voice to economic stakeholders involved in this mobilization, as well as internal experts. Download it now using the link below.
Some strong convictions to be found in this white paper:
“It is our duty as investors to contribute to accelerating production rates in defense, to building real autonomy in food and healthcare, to developing renewable and nuclear energy, and more generally, to supporting the adaptation of our productive system so that it gains in autonomy and resilience.”
PAUL DE LEUSSE, Chairman, Sienna Investment Managers
“Mobilizing for sovereignty requires, at a minimum, an explicit understanding of one’s own purpose, or in other words, of one’s ‘Reason for Being’. A Reason for Being that seriously and rigorously answers the question: ultimately, whom do we serve and to what end? What value do we bring? And, increasingly, what necessity do we fulfill?”
PHILIPPE BRASSAC, Co-chairman of the industry dialogue between representatives of financial institutions and the DTIB, Chairman OF Gecina, former Chief Executive Officer, Crédit Agricole SA
“The European Investment Fund (EIF) is actively working to promote a pan-European approach to investment and, in particular, to address the weak links in the European ecosystem. And we are seeing positive results, with increased confidence in cross-border investment across the financial ecosystem.”
MARJUT FALKSTEDT, Chief Executive, European Investment Fund (EIF)
“Private investment plays an essential role. Investing in defense means investing in security, stability and innovation. It also means supporting a sector undergoing transformation: the shift toward a ‘war economy’ requires us to produce faster, better and at lower cost. It calls for increased productivity, better value sharing and modernization of the subcontracting chain. This is the transition that our industry is currently undertaking.”
BENOÎT LAROCHE DE ROUSSANE, Director Defence Industry, French Defence Procurement Agency (DGA)
“The need for financing sovereignty is urgent. Today, the way Europeans’ savings are used is objectively suboptimal, both for companies seeking financing and for savers looking for returns. The real challenge is to convince individuals that investing in this theme is not only an absolute necessity but also a great opportunity.”
XAVIER COLLOT, Managing Director – Listed and Hybrid Assets, Sienna Investment Managers