Bpifrance Framework (2025)

The two versions of Bpifrance's Social Financing Framework are nearly identical in substance, with no meaningful changes to use of proceeds categories, eligibility criteria, sustainability targets, standards alignment, exclusion criteria, or governance commitments. The primary differences are cosmetic: the document title formatting changed from "FEBRUARY 2023" to "March 2025", and a single word was modified at the end of the disclaimer text from "recommendation to" to "recommendation to buy". These changes are formatting and minor wording adjustments with no substantive impact on the framework's content or commitments.