Mirova brand recognised again by RIBI™ 2021 study

Published on 10/21/2021 News

Mirova is one of only five companies that has consistently ranked in the H&K Responsible Investment Brand Index (RIBI™) Global Top 10 every year for the past four years.

The RIBI™ has been developed to identify asset management companies that act as responsible investors and commit to sustainability by placing this concept at the heart of their identity and image: in their brand.

Mirova

The H&K Responsible Investment Brand Index is composed of two scores, the engagement score which focuses on hard factors (e.g., level and quality of voting) and the brand score which focuses on soft factors (e.g., existence of a statement of intent and the quality of its expression).

Results that reward our transparency approach

Mirova's results in this annual study demonstrate its ability to reflect its responsible approach at the heart of its brand:

  • n°1 in the global ranking of the best-rated asset management boutiques (up 2 places on 2020)
  • Mirova is once again ranked as an "Avant-Gardist": a very elitist status as only 16% of participants obtain it
  • n°2 out of 10 in the top French management companies with the best ratings (up 1 place on 2020)
  • n°5 out of 10 in the top rated continental European management companies (excluding the UK) (up 1 place from 2020)
  • n°7 out of 10 of the top-rated management companies worldwide

These results are the product of our determination to maintain consistency between our brand image and our concrete actions, in a spirit of transparency and proof. As a B-Corp1, mission-driven company2, we believe that our brand should reflect our objective: to increase our positive impact on environmental issues and on reducing inequalities.

This distinction also demonstrates our ability to remain at the forefront against leading global players in a context of increasing ESG3 communications from financial players.

France's leadership in sustainable finance

According to RIBI™, France remains a leader on the subject of sustainable finance. According to the authors of the study, this is of course due to an undeniable regulatory lead, notably through the PACTE Law4, but also to the voluntary commitment of French management companies. Mirova has been active in the Paris financial centre for a long time and is proud to contribute to making France the leading financial centre at European and global level on these issues.

Finally, we feel it is important to stress that the RIBI™ rating considers votes and does not remain at the level of declarations of intent. If a major transition work remains to be done for the 'heavyweights' of the financial sector, we can only be pleased to see them progress. Now it is time to accelerate the movement!

1 - Since 2006, the B Corp movement has been promoting strong values of change throughout the world to make businesses “a force for good” and to distinguish those which reconcile profit (for profit) and collective interest (for purpose). B Corp’s goal is to certify companies that integrate social, societal and environmental objectives into their business model and operations. More details here
2 - Introduced in France in 2018 under the Pacte Law, a ‘société à mission’ company must define its "raison d'être" and one or more social, societal or environmental objectives beyond profit. The purpose, and objectives aligned with this purpose, must be set out in its Articles of Association. The Articles specify the means by which the execution of the Mission will be monitored by a Mission Committee (a corporate body distinct from the board of directors which is responsible for monitoring the implementation of the mission with at least one employee.) An independent third party then verifies the execution of the Mission, via a written opinion which is annexed to the report of the Mission Committee to shareholders and made available on the website of the company for a period of five years.
3 - Environnemental, Social et Gouvernance
4 - The PACTE law (Action Plan for Business Growth and Transformation) was definitively adopted by the Parliament on 11 April 2018 and promulgated on 22 May 2019.
References to a prize do not anticipate the future results of the fund or of the manager. For more information on the award methodology, please refer to the website www.ri-brandindex.org
Past performances do not anticipate the future performances.Investments in the funds are mainly subject to risk of capital loss.

 

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