Corporate Newsletter Q1 2021

Published on 04/08/2021 News

Investing in Sustainability? Yes but how

Learn about what happened at Mirova during Q1 2021.

Let’s keep in touch !
You can subscribe to Mirova’s publications by clicking here

Solidarity

Mirova

Mirova participates in the first closing of Ring Mission

At the end of March, Ring Mission, managed by Ring Capital, completed its first closing of nearly €35 million with institutional investors, including Mirova, companies, family offices and individual investors. It is a "Tech4Good" fund that specifically targets information and communication technology start-ups whose solutions will generate social and/or environmental impact.

Mirova supports "reconditioned" medical equipment distributor Envie Autonomie

On February 15, ENVIE Autonomie raised €3.5 million from several solidarity finance actors, including Mirova. This fundraising will enable the specialist in the distribution of "reconditioned" and supportive medical equipment to accelerate its change of scale. It will bring to new territories its offer of medical equipment (wheelchair, medical bed,...) restored in good condition of use in a solidarity approach, primarily aimed at people who give up to equip themselves for economic reasons.

Natural Capital

Mirova

Mirova and two asset managers co-found the Natural Capital Investment Alliance under the Sustainable Markets Initiative

Mirova, HSBC Pollination Climate Asset Management and Lombard Odier are the three founding partners of the Natural Capital Investment Alliance ("The Alliance"), established by His Royal Highness The Prince of Wales under his Sustainable Markets Initiative. The Alliance aims to mobilise $10 billion towards Natural Capital themes across asset classes by 2022.

Read the press release

Mirova and Fondaction welcome contribution from the Canadian government to the LDN strategy

On January 15, Mirova and Fondaction welcomed the Canadian government’s contribution of $55 million to the Land Degradation Neutrality strategy (LDN), as announced by prime minister Justin Trudeau at the 4th édition du Sommet "One Planet Summit" held on January 11 in Paris.

Read the press release

Each investment is subject to risks, including the risk of capital loss.

Call for « Blue Carbon » projects for mangrove conservation and protection with the L’Oréal Fund for Nature Regeneration

As part of the deployment of the L’Oréal Fund for Nature Regeneration (the "LFNR"), managed by Mirova, a call for projects has been launched to finance the design and implementation of mangrove conservation and protection projects, which are essential for the conservation of biodiversity and climate. Up to 7 projects will be selected for funding for the feasibility phase.

Read the news

The l’Oréal fund for Nature Regeneration is a French société par actions simplifiée à capital variable (other AIF), closed to new subscription. Mirova is the management company. The supervisory authority approval is not required for this fund. The investment in this fund is exposed to loss of capital risk, liquidity risk, interest rate risk, emerging countries, currency risk, discretionary management risk.

Energy Transition Infrastructure

Mirova supports the hydrogen taxi operator Hype

Mirova, RGREEN INVESTRAISE Impact and Eiffel Investment Group participated in a €80 million fundraising to enable HysetCo, a pioneer of hydrogen mobility with the world's largest hydrogen taxi fleet, operated by Hype, to acquire the Slota Group, the historic operator of Parisian taxis. Thanks to this raising, HysetCo and Hype now exceed the 100 million euros of investment.

Read the press release

hype

Mirova begins its 5th fundraising in energy transition infrastructure field 

Mirova announced on February 2 the start of the raising of its 5th fund dedicated to financing energy transition infrastructure. It will succeed the Mirova Eurofideme 4 fund1, which has been invested over the past two years, by continuing to build on the European dynamics of the renewable energy and low-carbon mobility sectors. The team aims for a final close above one billion euros2.

Read the press release

[1] MIROVA EUROFIDEME 4 is a French limited partnership (Société de Libre Partenariat), closed to new subscription. Mirova is the management company. The supervisory authority approval is not required for this fund.
[2] The mentioned perspectives reflect the opinion of MIROVA at the date of this document and are likely to change without notice.
eoliennes

Mirova and Banque des Territoires engage with Clem' in shared ecomobility

Mirova and Banque des Territoires announced on February 8 an investment of nearly €3.6 million over several years, in a project company developed with Clem', a specialist in electric car-sharing, dedicated to the launch of a new car-sharing service of Light Electric Utility Vehicles in Paris and the Ile-de-France region.

Read the press release (in French)

clem

Mirova and Watt for Change Fondation VALOREM form a partnership to fight energy insecurity

Mirova and Watt For Change Fondation VALOREM launch from February 18 to April 16, a national call for projects to fight energy insecurity. This is the first step in a multi-year partnership that will raise €600,000. The two partners want to give local associations the means to support people in situations of energy insecurity, from the council to the works. This call for projects is therefore endowed with €300,000 and will provide financial support ranging from €30,000 to €50,000 per project.

Read the press release (in French)

Regulation & Engagement

Mirova

Mirova and almost 150 institutional investors issue joint call for "fair and equitable" global response to COVID-19

On February 23, Close to 150 institutional investors, representing over $14 trillion in assets under management, called for a fair and equitable global response to the pandemic, including through fully financing the Access to COVID-19 Tools (ACT) Accelerator, a global collaboration dedicated to accelerate development, production, and equitable access to COVID-19 tests, treatments, and vaccines.

Read the news

Mirova welcomes the publication of a demanding first definition of impact investment by SIF and France Invest

The French Sustainable Investment Forum (SIF) and the investor association France Invest worked together on a demanding first definition of impact investment published on March 18, in order to propose a reference framework and to prevent "impact-washing". Mirova called on French finance organisations not to multiply the definitions of impact and to build on the vision given by these committed actors, the SIF and France Invest.

Read the news (in French)

European retail investors deserve an ambitious EU ecolabel

Ahead of the European Ecolabel Board meeting that took place on Friday, March 19, Mirova published its position on the objectives of the European Ecolabel on financial products.

Read the article

Our approach to ESG assessment

As a company dedicated to responsible investment, we have sought to develop our own approaches and methodologies to describe the links between economic actors and ESG issues. In an industry where initiatives offering assessment frameworks are multiplying rapidly, we believe it necessary to be transparent about the principles and indicators we have chosen, which guide our investment decisions and the way we report to our clients as well as other stakeholders.

Our approach to ESG assessment

Mirova voting policy and report

In order to foster sustainable value creation for all stakeholders, Mirova has developed a voting policy in line with its responsible investment strategy. As a responsible and committed investor, Mirova promotes the development of a corporate vision focused on the creation of collective value over the long term.

Voting Policy

Voting Report 2020

Sustainable Finance Disclosure Regulation

Since March 10, the Sustainable Finance Disclosure Regulation imposes new rules on the financial sector. The aim of this new regulation is to improve the transparency of financial actors on the negative impacts of investment decisions and to document ESG policies for products and mandates. Mirova has chosen to classify its funds as "Article 9".

SFDR

Mirova joins the Net Zero Asset Managers initiative

At the end of March, Mirova and 42 asset management companies joined the Net Zero Asset Managers initiative and committed to achieving carbon neutrality by 2050. Today, the initiative has 73 signatories and is now worth $32 trillion1.

[1] Source : Net Zero Asset Managers Initiative

Publications

Mirova

Mirova contributes to the Little Book of Investment for Nature

Mirova have contributed, with its partner IDH –Sustainable Trade, to the publication of the "Little Investment Book for Nature", which aims to boost the financing of biodiversity protection by presenting a global framework that organises the mechanisms. "The Little Investment Book for Nature" was coordinated by Global Canopy and funded by the French Development Agency alongside Mirova, Biofin, Crédit Suisse, WWF and the United Nations Development Programme (UNDP).

Read the publication

"Mirova : Creating Sustainable Value #6"

Understanding the markets, investing, engaging in dialogues, measuring Impact. On February 1, Mirova published the sixth issue of "Mirova: Creating Sustainable Value".

Read the publication

Financing the necessary ecological transition of transport

The energy, industry, buildings and transport sectors together currently account for three quarters of global greenhouse gas emissions, with mobility alone representing no less than 24% of CO2 emissions caused by energy combustion1. To limit global warming in accordance with the goals of the Paris Agreement, financing the transition of transport towards low-carbon mobility constitutes both an ecological imperative and an opportunity for positive impact investment.

Read the publication

[1] Source : Transport & Environment

Green hydrogen, a catalyst for the energy transition

Whether it is "grey", "blue", "yellow", or "green", hydrogen is the topic on everyone’s lips today. While it is already widely consumed in many sectors, its use as a source of energy is only in its early stages. Its applications are as numerous as they are promising, most notably in the mobility sector. For it to become the best facilitator for the transition towards a low carbon economy, many challenges still need to be met.

Read the report

The glass ceiling, piece by piece

Soliane Varlet, portfolio manager for the Mirova Women Leaders strategy, and Mathilde Dufour, Head of Sustainability Research - Listed assets, provide an update on the correlation between diversity and company performance, as well as on Mirova's commitment to gender diversity through its Women Leaders equity strategy in a documented Q&A.

Read the publication

Each investment is subject to risks, including the risk of capital loss.
The information provided reflects Mirova’s opinion as of the date of this document and is subject to change without notice.

Mind the gender gap

If these last years have seen more initiatives to narrow the gender gap, Covid-19 might widen it dramatically. Eva L’Homme, the dedicated analyst for the gender equality strategy analyzes the causes, the externalities and the actions that will have to be taken to tackle this regressive trigger.

Read the publication

The information provided reflects MIROVA’s opinion as of the date of this document and is subject to change without notice.

Greenium: an ally, and source of opportunities

More than ever, green bonds are the focus of attention and the curiosity they are arousing is equalled by the questions they have raised. These instruments, which are geared towards "green" projects, have emerged as a market segment of their own at a time when questions about the integrity and sustainability of investments are becoming increasingly pressing.

Read the report (professional investors)

Events & Sponsoring

Mirova

Mirova participates in the 4th edition of the One Planet Summit

On January 11, Philippe Zaouati participated in the 4th edition of the One Planet Summit on Biodiversity, organized by the French President, in partnership with the United Nations and the World Bank.

Read the news

Mirova sponsor of the Climate and Sustainable Finance Meetings

From February 8 to 11, the Climate and Sustainable Finance Meetings were held by Option Finance, with the support of Mirova. Emmanuelle Ostiari, Investment Manager in the Energy Transition Infrastructure team, took part in the panel discussion "Hydrogen energy, a promising sector for investors?".

Learn more (in French)

Mirova sponsor of the 2021 Natural Capital Investment Conference

On March 4, and following the creation of creation of the Natural Capital Investment Alliance by Mirova, HSBC Pollination Climate Asset Management and Lombard Odier, , the 3 asset managers sponsored the Natural Capital Investment Conference 2021. Edit Kiss, Investment and Development Director at Mirova Natural Capital, participated in the panel discussion "Unpicking metrics and materiality for investors".

Learn more

Awards & Rankings

Mirova’s natural capital platform selected again for the ImpactAssets 50 list

For the fifth consecutive year, Mirova’s natural capital platform has been recognized for its approach to impact in natural capital investing and made the ImpactAssets 50's list.

Read the news

For more information on the reward methodology, please refer to the website ImpactAssets
ia-2021

Mirova wins two awards at the Insurance Asset Risk Awards 2021

Mirova won the "Responsible investor of the year - Asset Manager" award for the second year in a row and the "Social Investing Initiative of the Year" award at the Insurance Asset Risk Awards 2021. This prestigious event recognizes excellence in insurance investment.

Responsible investor of the year

Social Investing Initiative of the Year

For more information on the reward methodology, please refer to the website Insurance Asset Risk
insurance-asset-risk-awards-2021

Mirova receives A rating from InfluenceMap

Mirova received an A rating from InfluenceMap for its strong engagement policy.

For more information on the reward methodology, please refer to the website InfluenceMap
Each investment is subject to risks, including the risk of capital loss.
Reference to a ranking and/or a price does not indicate the future performance of the fund or the fund manager.
READ PREVIOUS ISSUES
Sanitary crisis
Corporate Newsletter Q1 and Q2 2020
Published on 07/07/2020

Investing in Sustainability? Yes but how. Learn about what happened at Mirova during Q1 and Q2 2020.

Learn more

Investing in Sustainability
Corporate Newsletter Q3 2020
Published on 10/12/2020

Investing in Sustainability? Yes but how Learn about what happened at Mirova during Q3 2020.

Learn more

Investing in Sustainability
Corporate Newsletter Q4 2020
Published on 01/15/2021

Investing in Sustainability? Yes but how Learn about what happened at Mirova during Q4 2020.

Learn more