Corporate Newsletter Q4 2021

Published on 01/14/2022 News

Investing in Sustainability? Yes but how

Learn about what happened at Mirova during Q4 2021.

Mission

Mirova

Acting as a responsible company: our approach to responsibility in our internal practices and direct impacts

Beyond our responsible investment activities that drive us daily, we are convinced that the evolution towards a fairer and more sustainable world must take place first and foremost and voluntarily at the level of each organization. We are therefore committed to being exemplary and consistent with the standards we defend. Our ambition is to be part of the models of our sector and to promote best practices, aligned with our pioneering positioning, on the theme of responsibility. Mirova is proud to present its report Acting in a Responsible Company.

Read the report

Meeting of the Mission Committee

On October 18th took place on the 3rd meeting of the mission committee. On the agenda: exchange with the independent third-party body on the modalities of evaluation of the mission and presentation of the climate roadmap of Mirova.

Learn more about Mirova's mission

 

Equities & Fixed Income

Mirova

Mirova Global Sustainable Equity strategy takes next step in the U.S.

On October 1, Mirova launched a Collective Investment Trust in the United States for the Mirova Global Sustainable Equity strategy. The transaction was financed by a founding shareholder of the vehicle for US$81 million. The project was made possible in part by strong relationships with international consultants, a compelling investment philosophy and process, a proven portfolio management team, and competitive pricing.
 

Mirova supports SNCF in the development of its first short-term green financing

On 19 October 2021, SNCF SA launched the world's first short-term green financing issued under the Euro Commercial Paper (ECP) program, worth €50 million and with a maturity of 3 months. SNCF has developed this innovative program in partnership with Mirova to ensure it meets the requirements of a leading green finance investor.

Read the press release

Mirova Euro Green and Sustainable Corporate Bond strategy exceeds €500 million

On 8 December 2021, the Mirova Euro Green and Sustainable Corporate Bond strategy exceeded €500 million in assets under management. Investing with Mirova in the green bond market means supporting the solutions of tomorrow, those that will build a society where benefits and growth opportunities will be shared by all stakeholders.

Discover our approach (reserved for professional investors)

These strategies are subject to the risk of capital loss.
The information presented above does not constitute a contractual element or investment advice. Access to the products and services presented here may be subject to restrictions with respect to certain persons or countries.

Private Equity

Mirova

Mirova acquires a stake in Tallano Technologie

On October 25th, Tallano Technologie, a cleantech developing a unique solution for capturing fine particles from the road and rail sector, announced that it has opened its capital to major players in the environmental transition. The company has thus raised from Mirova, Bpifrance, Veolia and several family offices €17.7 million.

Read the press release

Solidarity

Mirova

Mirova supports Lemon Tri

Mirova contributed €500,000 to the fundraising of Lemon Tri, specialist in the collection and supply chaining of out-of-home waste. The fundraising aims to consolidate and accelerate the company's development throughout the national territory and implement 6 new logistics platforms of its own over the next 3 years.

Mirova supports Ethiquable

Ethiquable, a leading player in fair trade in France, raised €9.7 million in which Mirova contributed €1 million in equity securities. This fundraising will allow the cooperative to finance its development with the installation of the Ateliers Ethiquable de Fleurance.

Mirova participates in ACTED's fundraising

ACTED, NGO1 supporting vulnerable populations around the world, raised €9 million in December. Mirova participated in the latter to the tune of €3.5 million in associative securities.

[1] Non-governmental organization

Natural Capital

Mirova

Orange partners with Mirova and the International Union for Conservation of Nature (IUCN) to deploy the Orange Nature Fund

Orange announced on December 8th the creation of Orange Nature2, a €50 million fund to develop projects for the restoration and conservation of natural areas. Launched with Mirova, which will manage and deploy it, the fund will enable the implementation of an innovative approach to investment but also to the Net Zero Carbon ambition led by the Orange Group.

Read the news

[2] Orange Nature is a simplified joint-stock company with variable capital (other AIF) under French law closed for subscription. Mirova is the management company. This fund is not subject to the approval of a supervisory authority.

 L'Oréal Fund for Nature Regeneration supports rewilding in the UK and Europe

On October 29th, the L'Oréal Fund for Nature Regeneration3 announced its support for The Real Wild Estates Company, the UK's leading company to restore ecosystems and species with sustainable financial returns. This innovative model should unlock private capital to accelerate rewilding in the UK and, ultimately, across Europe. L'Oréal's impact investing strategy is managed by Mirova's natural capital platform.

Read the news

 

[3] The "L'Oréal Fund for Nature Regeneration" is an "alternative investment fund" within the meaning of Article L. 214-24 III of the Monetary and Financial Code and is constituted in the form of a simplified joint-stock company with variable capital. The "L'Oréal Fund for the Regeneration of Nature" is exclusively dedicated to L'Oréal and its subsidiaries and will not be marketed to third parties or subscribed to by third parties. The Fund is closed to any new subscription. Mirova is the management company. The approval of the supervisory authority is not required for this fund.

Mirova participates in JALA's fundraising

On November 24th, JALA, the Indonesian start-up that develops technological solutions to transform the shrimp aquaculture sector and make it a more sustainable industry, announced that it has raised $6 million from several funds including Mirova. The investment will help JALA scale up its solutions to improve the sustainability, traceability and performance of Indonesia's shrimp farming industry.

Read the press release

 

Energy Transition Infrastructure

Mirova

H2air and Mirova inaugurate the Œillets wind farm in Fourcigny in France

Last October 6th, H2air and Mirova inaugurated the Œillets wind farm, with a total installed capacity of 8.8 MW and composed of 4 Vestas turbines 130 meters high, operated by H2air GT. Commissioned in July 2021, Les Œillets wind turbines produce the equivalent of the electricity consumption of 10,000 homes per year4.

Read the news

[4] Estimate excluding heating according to Mirova

Mirova invests in NEoT Green Mobility

On October 6th, Mirova announced that it had invested €4.60 million, together with 3i Group plc, , in NEoT Green Mobility. This investment will enable the zero-emission mobility financing specialist to finance its projects. The Banque des Territoires invested an additional €20 million.

Read the press release

Akuo and Mirova have put three wind power plants into service in Poland

On October 13th, Akuo, an independent French producer of renewable and distributed energy, announced the commissioning of three wind power plants in Poland, in partnership with Mirova, at the inauguration of the Wielowies power plant. The production of the three plants will cover the electricity needs of nearly 200,000 households, while avoiding the emission of about 300,000 tons of CO2 per year5.

Read the press release

[5] Estimate excluding heating according to Mirova

Regulation & Engagement

Mirova

What happened at COP26? Mirova's summary

From 31 October to 12 November 2021, the COP26 was held in Glasgow under the sign "Net Zero".  Since its inception, Mirova has been promoting and implementing financing that contributes to the transition to a low- and inclusive carbon economy. Find the summary of Mirova's positions in the context of the COP 26.

Read Mirova's summary

Mirova joins the 30 Taskforce on Nature-related Financial Disclosure members

In early October, our sustainability research manager Ladislas Smia, has been selected to become a member of the Taskforce on Nature-related Financial Disclosure (TNFD)6, alongside 30 senior executives from financial institutions, businesses and market service providers, for a period of two years.

Read the news

 

[6] Working Group on Disclosure of Nature-Related Financial Information

Publications

Mirova

Mirova for Climate: Net Zero Roadmap

Carbon neutrality, adaptation to climate change, preservation of biodiversity, fight against inequalities: these are all complex and interconnected themes that need to be addressed holistically and not in isolation. For investors wishing to participate in the transition to a fairer and more sustainable economy, the coming decades should not be without challenges... nor opportunities to play a positive role.

Discover Mirova's climate roadmap

Forest plantations: Mirova's position

There is no shortage of reasons for the expansion of forest area, and the development of wood-based production can, in various respects, contribute to meeting certain global challenges, especially global warming. In this context, well-managed and cleverly designed forest plantations have a role to play in the worlds of impact investment to support the development of a sustainable economy.

Read the publication

Green Vision: educational series on the transition of the economy towards a more sustainable model

Because many opportunities arise from the most profound upheavals, Green Vision Invites you to discover how players from different sectors can contribute to the transition towards a more sustainable model and revolutionize the way you think about your investments. Mirova's ESG experts will provide you with the insight to identify the risks and opportunities of these sectors.

Watch the series

When climate change mitigation rhymes with technological innovations

Today's world and economy face long-term challenges, such as resource security, the need to ensure healthy ecosystems and climate stability.  Anna Väänänen and Hadrien Gaudin-Hamama discuss the Mirova Global Environmental Equity strategy, a thematic action strategy to invest in companies that develop robust solutions and state-of-the-art services that generate a significant impact on the environmental value chain, including energy and enable a rapid reduction in greenhouse gas emissions.

Read the publication

Green Bonds: the revolution in fixed income

The risk of greenwashing or lack of impact and ambition increases as the market for green and sustainable bonds grows. Mirova was among the first to invest in green and sustainable bonds (since 2012) and has implemented a unique and integrated investment process. Through green and sustainable emissions, investors can participate in the environmental and energy transition, having a double impact: financial and environmental. This is the whole purpose of the Mirova Global Green Bond strategy, whose approach Agathe Foussard and Felipe Gordillo detail in this article.

Read the publication

Meeting the consumption challenges through circular economy

The environmental transition is a multi-faceted subject that affects both our modes of production and consumption. Suzanne Senellart and Hadrien Gaudin-Hamama present in this article the main implications of Fit for 55 and how the Mirova Europe Environmental Equity strategy contributes to the achievement of its objectives. They also explain how this strategy aims to address the major challenges raised by the environmental transition, by investing in the circular economy10.

Read the publication


[10] The circular economy offers a framework of systemic solutions that addresses global challenges such as climate change, biodiversity loss, waste and pollution. It is based on three principles: eliminating waste and pollution, keeping products and materials in service, and regenerating natural systems. (Source: Ellen MacArthur Foundation, 2021, "Universal circular economy policy goals").

Green buildings: a site from today for tomorrow

Suzanne Senellart and Camille Barré explain how the Mirova Europe Environmental Equity strategy contributes to the achievement of the objectives of the Fit for 55, by investing in innovative solutions that can meet the challenges related to the building sector, whether it is energy sobriety, reduction of greenhouse gas emissions, materials used and their recycling, and preservation of biodiversity.

Read the publication

Mirova: Creating Sustainable Value #8

Understand the markets, act on the markets, get involved, report on its impacts: On October 19, Mirova published the eighth issue of its management newsletter.

Read the publication

These strategies are subject to the risk of capital loss.
The information presented above does not constitute a contractual element or investment advice. Access to the products and services presented here may be subject to restrictions with respect to certain persons or countries.

Events & Sponsoring

Mirova

Mirova participates in the PRI Digital Conference

From 18 to 21 October 2021 was held the PRI Digital Conference12 organized by the United Nations Principles for Responsible Investment (UNPRI)13, with the support of Natixis Investment Managers. Mirova's Director of Equity, Rates and Solidarity Management, Hervé Guez, was invited to share his vision on the future of equity markets for the next ten years during a plenary session on 19 October.

[12] Digital Conference of PRI (Principles for Responsible Investment)
[13] The Principles for Responsible Investment are an international network of investors supported by the United Nations

Philippe Zaouati participates in the European Congress of Companies with Mission

On December 1st, Phillipe Zaouati participated in the European Congress of Companies with a Mission. He spoke about the "role of the shareholder and investors in the European dynamics of the company with a mission".

Watch the replay (in French)

 

Awards & Rankings

Mirova

The Mirova brand recognized again by the RIBI study™ 2021

Mirova is one of the few companies, that has consistently ranked in the Global Top 10 of the H&K Responsible Investment Brand Index (RIBI™)14 for the last 4 years. The RIBI™ was developed to identify asset management companies that act as responsible investors and are committed to sustainable development by placing this concept at the heart of their identity and image: in their brand.

Discover the complete results of Mirova

 

[14] Methodology available on https://www.ri-brandindex.org

Mirova rewarded for its management on the social theme at the Quantalys Awards 2022

A pioneering investor in social issues, such as job creation in France or gender equality, Mirova has been awarded a Special Prize at the Quantalys Awards 202115. Quantalys has developed simple indicators allowing investors to select life insurance funds or contracts and analyzes nearly 4,400 different asset management companies in Europe, including more than 630 in France.

[15] Methodology available on https://group.quantalys.com/
References to a ranking, price and/or rating are without prejudice to the future results of the latter/the fund or the manager. Any investment involves 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.

 

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