Biopôle continued to make progress on environmental, social and governance (ESG) commitments this year. How do you balance sustainability ambitions with operational realities?
One of the main challenges with ESG is helping our entrepreneurs understand that it’s not the enemy of growth: being sustainable is not at odds with breaking even or having a sound return on investment. This is something that needs to be anchored in people’s minds from the beginning.
We’ve been focusing on responsible entrepreneurship, where we consider the full meaning of ESG, looking beyond carbon emissions and impact on nature, beyond box-ticking exercises. When we consider capital, we often think only about pure monetary return on investment; it’s easy to overlook returns on environmental capital, social capital, people capital. But people should be integrating real sustainability, considering all these forms of capital, into their business model and their accounts.
At Biopôle, we have an opportunity to train young entrepreneurs in newer business models that consider the wider impact of their work. We’re currently identifying partners we can work with on this project. And we’re confident we’ll find funding – there are more and more ethical investors who will only invest in this kind of enterprise. It may take years for it to come to fruition – perhaps something I’ll be able to witness in time for my retirement – but I feel strongly that we must start paving the way for this new mode of thinking about the purpose and responsibilities of business.
What does the future look like? What do you want to focus on in the next couple of years?
Biopôle is growing. We now number 3,500 people over 13 buildings, spread across the north and south of the campus. To keep it vibrant, we need to help new members to integrate with the existing ones, making sure we remain a community and not just a collection of companies. We don’t want people to feel like they’re in the middle of nowhere. Biopôle is somewhere – somewhere worth cultivating and we will fight to do that.
We also plan to keep up with technological innovation, to be aware of what’s coming onto the market and anticipate our members’ needs around this. There’s no flagship digital tool for the life sciences – no equivalent of a large language model that can solve the problems people are facing – but over the next year we’ll be focusing on what is available and how it might benefit our community.
And, of course, in the coming years we must decide how Biopôle will grow when there are no more buildings to construct. At some point, there will be no more new spaces on the existing campus. What will be our next focus, after the cranes and diggers have rolled away? How will we then manage, support and grow the community? I don’t have all the answers to that yet, but I look forward to finding out with my team and our community. It’s definitely the start of a new chapter together.