Controversial Activities

Published on 01/20/2020

Mirova - Minimum Standards 

This is a methodological document aimed at clarifying how Mirova takes into account controversial activities in the sustainability analysis of companies. 


Mirova was created to finance economic models that contribute positively to sustainable development. Much of our work is focused on identifying solution providers that create positive impact, but this does not dispense us of the need to ensure that our investments always meet or exceed minimum standards including with regards to controversial activities. 

Mirova does not exclude any industry on principle. Minimum standards are defined for each sector based on their key environmental and social issues and are detailed in our sectoral research papers. All our positions on controversial issues are the result of an extensive analysis of environmental and social impacts. For certain sectors, this analysis may lead to the exclusion of all players in the sector.

This document summarizes our positions on major controversial issues and illustrate the criteria we have implemented to ensure compliance with these positions in our analysis of companies. It applies to all our listed equities and fixed income portfolios.