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Think globally, Act locally
This maxim, which was
reportedly coined by René Dubos, agronomist and biologist,
during a conference on the Environment pronounced at the United
Nations in 1972 and used many times since then by the
advertising industry, applies perfectly to the sustainable
development approach.
What is it all about if not to intelligently manage the
resources of our planet? That is to put each decision back in
the global and complex framework of the matter processing cycle.
Having come back into favour, earth sciences are essential to
understand the long-term consequences of our human behaviors.
Since concepts have never succeeded, as far as we know, to feed
or heat humanity, it is necessary therefore to act locally and
immediately: climate does not wait and the 21st century will be
the century of optimization of all raw materials and their use.
The difficulty stems from the fact that when we change the cycle
of processing or utilization of raw material, the consequences
in terms of CO2 emissions or depletion of resources are
generally not easy to calculate because certain consequences can
have a negative effect but can be largely compensated by
positive consequences.
Biofuels are a very good example of this difficult issue: we
know that depending on the possible change of land use and
farming methods (particularly the quantities of nitrate
fertilizers), the carbon dioxide released by the cultivation of
energy crops can in certain cases release more carbon dioxide
than the quantity emitted for the same energy produced from oil
or gas.
At the same time, the conclusion does not seem to us to call a
halt on their production but simply to cultivate these crops in
a
sustainable1
manner.
The same applies to G.M.Os; one cannot limit the debate to a few
political slogans, therefore the resumption of a more scientific
debate is essential.
Who has the necessary wisdom and the moral authority to replace,
in a pedagogical manner each action in a “sustainable”
perspective?
It is evidently the role of international organizations (U.N.O.,
O.E.C.D., C.E.E.), national authorities, and the scientific
community from which we would have the greatest pleasure to hear
more from. We would also be happy to see the associations and
Medias adopting a more responsible attitude and teaching role
instead of often seeking to exploit the current events
negatively simply to affirm their presence.
At Demeter, we are very interested in natural resources, their
production, usage and regeneration: we are more attracted by the
recycling process of metals, seawater desalination and
photovoltaic thin-film cell rather than by home automation
software: it is what distinguishes us from our
venture-capitalist peers who have switched to “Cleantechs” from
“ITs”.
We are also attentive to the industrial processes which allow
generating these resources and managing them in a sustainable
manner.
We believe that a company, even a service firm, must preserve a
minimum of control over the industrial process in order to
swiftly adapt its products or services to its customers’ demands
We are also among those who try to encourage France to follow
the example of Germany or Spain in developing on its territory,
wind or photovoltaic equipment manufacturing industries.
We try to give our industrial view cleverly, segment by segment,
niche by niche then set the synergies between the companies of
our portfolio, which activities were selected particularly
according to their complementarities.
We believe that this view will be rich of future industrial and
financial successes. We share this opinion with our
entrepreneurs and the subscribers of Demeter 1 who can already
assess the financial results. We are pleased to be able to share
this perspective with several international investors who join
us for Demeter 2, which closing is scheduled for July 25th.
But this is the beginning of the second chapter of the Demeter
story which we will tell you soon.
Have a good summer
On June 26th 2008
Olivier DUPONT Chairman of the board
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Demeter Partners
A Paris-based investment
capital firm, which manages the Demeter fund.
Demeter
The first European
investment capital firm
with both a capital development and environment/energy sector strategy
with €105 million.
Investment sectors
Eco-industries
Water, air and
waste treatment, site clean-up, etc.
Eco-energies
Energy efficiency,
renewable energies, etc.
Prevention of modern-day
hazards
Prevention of industrial
accidents and natural disasters, health hazards, etc.
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