Corporate Newsletter Q1 and Q2 2020

Published on 07/07/2020 News

Investing in Sustainability? Yes but how.

Learn about what happened at Mirova during Q1 and Q2 2020.

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Sanitary crisis: solidarity and commitment

Mirova

reCOVery : a month to imagine sustainable businesses

In response to the upheavals caused by the health crisis and the period of containment, Mirova joined forces with the consulting firm Fabernovel to launch an initiative of reflection and collaboration for businesses: reCOVery. Over 31 days, the initiative brought together many of the most advanced business networks to reflect on their societal usefulness and to reflect on the post-crisis business model, with a view to transforming the economy towards a more sustainable and inclusive model.

Visit the reCOVery website (French)

Mirova supports its employees’ charitable work during lockdown

During the lockdown period, Mirova made a decision to support its employees in their charitable work. To this end, we provided funding to 14 charities which work with different populations such as disadvantaged children, healthcare professionals, the elderly, women, and the underprivileged.

Mirova joins the “European Alliance for Green Recovery”

On may 6, Mirova joined the “European Alliance for Green Recovery”, launched mid-April by Pascal Canfin, Chairman of the Environment, Food Safety and Public Health Committee of the European Parliament. The alliance aims at working together to build post-crisis green investment plans.

Learn more

Mirova calls on companies to exercise caution and restraint on shareholder compensation

The COVID-19 pandemic is the biggest shock to our societies in several decades. In addition to having a major impact on the health of millions of human beings, it profoundly destabilizes the way our economies function, raising fears of a social crisis of unprecedented proportions. Businesses are suffering this crisis through the cessation of activity, and they are at the forefront in responding to its consequences. At the end of March we have contacted the companies in which we are shareholders to encourage them to exercise caution and restraint on shareholder compensation.

Read our letter to companies

Equities & fixed income

Mirova

Mirova and Natixis Assurances join forces on green bonds

Mirova supported Natixis Assurances launch of its first green bonds strategy, created in mid-December for an initial amount of €30 million. This multi-currency strategy allows for investment in various seniority levels, both in High Yield and Investment Grade issuers. It offers a portfolio consistent with a global warming trajectory of below 2°C, a goal set out in the Paris Agreement. Natixis Assurances has entrusted Mirova with the management of this strategy.

Mirova scoops Belgian Towards Sustainability label for four of its funds

Founded in 2019 by Febelfin, (the Belgian Federation of the Financial Sector), the «  Towards Sustainability  » label aims to promote sustainable finance products. This label guarantees investors that they are investing in financial products from companies with investment philosophies that include transparent and clearly defined policies on the integration of environmental, social and governance (ESG) criteria. The label was awarded to four of our funds (three bond funds and one thematic equity fund), once again demonstrating Mirova’s commitment to sustainable finance.

Link to the list of funds which have been awarded labels

Reference to a ranking and/or a price does not indicate the future performance of the strategy or the fund manager.
These investment strategies are exposed to risk of capital loss.
The above information is not a confirmation of any transaction and does not comprise advice related to any kind of investment. Access to products and services presented may be restricted regarding certain persons or countries.

Natural capital

Mirova

Mirova participates in the Call to Action for Sustainable Investment in Natural Capital

Environmental FinanceFinance for TomorrowGlobal Landscapes Forum, Mirova and IDH – The Sustainable Trade Initiative dedicated three events in late 2019 to investing in natural capital. This sequence enabled them to publish a "Vision 2020" on 26 March, a joint report proposing recommendations for action.

Read the Outlook 2020

DEFRA commits £10m to Mirova’s Land Degradation Neutrality strategy

As part of its international climate finance programme, DEFRA[1] announced at the end of January a £10 million investment in the Land Degradation Neutrality (LDN) strategy, managed by Mirova, to mobilise private investment in land restoration and nature-based solutions.

Read the press release

[1] Department for Environment Food & Rural Affairs

Agri3, a blended finance initiative to support the transition to sustainable agriculture

On January 23, at the World Economic Forum (WEF) in Davos, the Dutch government and Rabobank announced they would be the first investors in the Agri3 initiative, a blended finance fund intended to channel commercial bank finance towards projects that support the transition to more sustainable agricultural practices and forest protection. Mirova Natural Capital will be the lead Investment Adviser to this innovative initiative aiming at unlocking at least $1 billion in finance towards deforestation-free, sustainable agriculture and land use. The initiative was officially launched on April 23rd.

Read the news

SafetyNet raises $1.5m from Mirova, Mustard Seed, and Conservation International

On February 6, SafetyNet Technologies Ltd. announced a £1.1million convertible note investment from Mirova, Conservation International Ventures et Mustard Seed VC. The funding will enable SafetyNet Technologies to take the next important steps in commercialising its pioneering light-emitting bycatch-reduction technology, Pisces. The investment was realized through the Sustainable Ocean strategy.

Read the press release

Mirova invests in land restoration in Bhutan

In February, Mirova invested $9 million in an agroforestry project in Bhutan. Mountain Hazelnuts  is a social company established almost 10 years ago. Its goal is to plant 10,000 hectares of hazelnuts on degraded land. More than 15,000 small producers are expected to benefit from the initiative and 1.5 Mt CO2 is expected to be sequestered over the life of the project. The investment has been made through the LDN strategy.

Neste and Mirova back Recycling Technologies to accelerate transition to circular economy for plastic

Neste and Mirova announced on March 6th a combined €10 million investment into Recycling Technologies Ltd.(‘Recycling Technologies’), a specialist plastic recycling technology provider. The aim is to accelerate the development of chemical recycling and foster the transition to a circular economy for plastic. The investment was realized through the Sustainable Ocean strategy.

Read the press release

Plastics For Change announces the closing of a $2 million investment, led by Mirova

The funding will support the rapid expansion of Plastics for Change ’s (PFC) business model to coastal communities across India and South Asia to prevent discarded plastics from entering the ocean-bound waterways. In addition to this, the investment seeks to enable an increasing number of brands and manufacturers access to high-quality recycled plastic material from transparent and responsible supply chains. The investment was realized through the Sustainable Ocean strategy.

Read the press release

Mirova supports French startup nextProtein to scale up production of insect-based protein

Mirova announced on May 27th its support to the French agtech start-up nextProtein , via its Sustainable Ocean strategy. The start-up, which produces feed raw materials and insect-based fertilizers, has obtained €10.2 million in financing to increase its production and continue to innovate in this sector. The agtech company will first target the growing aquaculture industry.

Read the press release

Mirova invests in sustainable forestry in Ghana and Sierra Leone

In May, Mirova invested $8 million in Miro Forestry, a sustainable forestry company in Ghana and Sierra Leone. This funding will allow the expansion of FSC[1] certified plantations from 12,000 to 30,000 hectares and the protection of biodiversity on 12,500 hectares of degraded land. The project supports 2,700 jobs and is expected to sequester 5 Mt CO2 over time. The company aims to become the West African leader in logging. The investment was made through the LDN strategy.

[1] Forest Stewardship Council

L’Oréal chooses Mirova to invest in nature regeneration

As part of its global strategy of commitment to biodiversity announced on June 24, L'Oréal will allocate €50 million to finance projects to regenerate marine and forest ecosystems. This impact investment strategy dedicated to the regeneration of nature will be managed by Mirova.

Read L’Oréal’s press release

Any investment has risks, including the risk of capital loss.
The above information is not a confirmation of any transaction and does not comprise advice related to any kind of investment. Access to products and services presented may be restricted regarding certain persons or countries.

Energy transition infrastructure

RES sells Swedish Wind Farm to Mirova

RES, the world’s largest independent renewable energy company, has announced on April 15th the sale of Rödene Wind Farm to Mirova. Rödene Wind Farm is situated outside Alingsås in Västra Götaland, Sweden. The project consists of 13 turbines with a total installed capacity of 85.8 MW, the equivalent of powering 40,000 homes in Sweden, resulting in a yearly saving of 230,000 tons of CO2 equivalent.

Read the press release

energy-transition-infrastructure-mirova-wind-turbines

ENGIE and Mirova partner to accelerate biogas investments

ENGIE and Mirova announced on April 20 their strategic partnership in the biogas sector and the acquisition by the Mirova-Eurofideme 4 fund of a 50% stake into DANA GAZ, a company owning 9 operating biogas plants developed and owned by ENGIE. This transaction is the first step of a broader cooperation to expand the DANA GAZ asset portfolio.

Read the press release

infrastructure-mirova-centrale-bio-gas-plant
Mirova Eurofideme 4 is a Société de Libre Partenariat (French limited partnership) governed by French law and not subject to the approval of the French Financial Markets Authority. It is reserved for institutional investors only, under the MiFID. Mirova Eurofideme 4 is managed by Mirova and closed to new subscribers. The fund is exposed to capital loss risk.

Publications

Mirova

Coronavirus: an infected economy with markets left gasping for breath

On Friday March 6, Philippe Waechter, Chief Economist at Ostrum Asset Management and Hervé Guez, Head of Equities and Fixed Income at Mirova, answered questions on the impact of COVID-19 on financial markets and the economy. Their responses were based on their economic and financial experience and on the information and analyses available at the time.

Read a summary of their responses (French)

Mirova : Creating Sustainable Value #3 et #4

Understanding the markets, investing, engaging in dialogues, measuring Impact. Mirova has published new issues of Mirovα: Creating Sustainable Value.

Mirova : Creating Sustainable Value #3

Mirova : Creating Sustainable Value #4

Aligning Portfolios with the Paris Agreement

Whether voluntary or in response to regulatory requirements, most investors today are seeking to analyse the link between their portfolios and climate change. To date, there is no established consensus on methodologies for conducting such assessments. Our methodology is applicable to all asset classes, versatile and scalable. It highlights the existence of a multitude of possible paths to a 2°C scenario.

Read our methodology

Biodiversity, our 2020 roadmap

2020 and 2021 are pivotal years for taking action to protect nature and biodiversity. There are several key events coming up over the next few months. The involvement of the economic and financial sectors will play a central role in the success of this series of diplomatic events.

Read our roadmap

Sector analyses

These methodology documents are aimed at clarifying the way in which Mirova factors in the challenges of sustainable development as part of its environmental, social and governance (ESG) analysis for each sector.

Information and communications technology (ICT): IT equipment and electronic components

As a catalyst for innovation, the ICT sector cannot ignore sustainability issues if it is to be a real growth driver. While some applications (information sharing and banking services, intelligent infrastructure, etc.) demonstrate high environmental and social potential, new technologies are not without controversy.

Read the study (French)

Finance: Banks and Financial Services

At Mirova, we believe that finance should not be considered neutral: the industry’s ability to leverage on sustainability is tremendous. As public scrutiny faced by financial companies rises, responding the unveil of malpractices during the 2007-2008 financial crisis, Banks and Financial Services companies are likely to adopt more sustainable behaviours. From environmental, social and governance (ESG) risks to financing sustainability and improving financial inclusion, the challenges are pivotal for the future banks’ strategy.

Read the study

Resources – Chemicals

The chemical sector is characterized by its variety of products and applications. By developing innovative applications, or by changing their production processes (development of catalytic processes, implementation of green chemistry principles, etc.), chemical manufacturers have the opportunity to play a significant role in the fight against environmental degradation. However, the sector remains highly exposed to the risks of product toxicity, both for humans and ecosystems.

Read the study

Mobility: Transport operators

Moving goods and people is crucial to the progress of humanity and the proper functioning of society. However, mobility remains an unevenly distributed privilege. If transport operators do not adopt more environmental solutions, future growth will be accompanied by an increase in greenhouse gas emissions, further pollution, and a negative impact on biodiversity and resources.

Read the study (French)

Resources: Metals and Mining

Metals are crucial to the global economy through to their pervasive use in our daily lives: from industrial equipment and buildings, to cars and mobile phones, metals are used in a variety of modern applications. Yet their resources are finite and their recyclability rates remain low today.

Read the study

Consumption- Home and Personal Care

For companies in these sectors, there is a growing demand from consumers for products they know to be safe and sustainable. As such, there are opportunities for companies to respond to this demand. However, they face certain barriers. One is that there is no widely-accepted definition of what makes a product sustainable.

Read the study

Engagement

AXA IM, BNP Paribas AM, Mirova and Sycomore AM launch joint initiative to develop pioneering tool for measuring investment impact on biodiversity

AXA Investment ManagersBNP Paribas Asset ManagementSycomore Asset Management and Mirova strongly believe that preserving the planet’s biodiversity is an urgent priority. Together, they have launched a call for expressions of interest (CEI) for a partner to develop and implement an innovative tool to measure the impact of investments on biodiversity.  The goal of the CEI is to find a player capable, on a large scale, of measuring companies’ biodiversity impact.

Read the press release

European investors rally around biodiversity

30 investors representing more than €6 trillion called for addressing biodiversity issues by working towards the concerted and transparent creation of biodiversity impact measures. The public statement was led by AXA Investment ManagersBNP Paribas Asset Management (BNPP AM), Sycomore Asset Management and Mirova, in the wake of their call for expressions of interest to create a tool to measure the impact of investments on biodiversity.

Read the press release

Events & Sponsoring

Mirova backs sustainability-focused finance trade show in Marseille

On February 13, students from Kedge Business School (COBFI Bourse-Finance non-profit organization) organized the fifth edition of the finance trade show,Salon de la finance. This year’s event focused on green finance and was sponsored by Mirova. Philippe Zaouati, Mirova CEO and Bénédicte Peyrol, a member of French parliament representing the 3rd Constituency of the Allier department, spoke during the opening plenary session.

Visit the trade show’s website (French)

philippe-zaouati-bénédicte-peyrol-trade-show-green-finance-kedge

Mirova and Ostrum Asset Management organize a live Q&A session on Twitter to discuss the impact of coronavirus on the economy and financial markets

On March 6, Philippe Waechter, Chief Economist at Ostrum Asset Management and Hervé Guez, Head of Equities and Fixed Income at Mirova, participated in a live Q&A session on Twitter where they responded to previously submitted questions about Covid-19’s impact on the economy and financial markets.

Watch a video of the full discussion (French)

hervé-guez-philippe-waetcher-live-twitter-impact-covid-economy

Awards

The 50 most important asset management companies: Mirova makes the list

Mirova cemented its place in the “key players” category in the annual ranking produced by Option Finance and Funds Magazine. Mirova was also singled out as a “fundraising champion” for 2019.

See list (French)

For more information on the reward methodology, please refer to the website www.optionfinance.fr

50-asset-management-incontournables-key-players-fundraising-champion

Mirova among the ImpactAssets 50 for its natural capital activities

For the fourth year in a row, Mirova Natural Capital, the London-based subsidiary of Mirova fully focused on investing in natural capital, is honoured to be among the ImpactAssets 50 ("IA 50") list. The IA 50, released by ImpactAssets, is a publicly available online database displaying a list of impact investors delivering high social and environmental impact along with financial returns.

Read the news

For more information on the reward methodology, please refer to the website www.impactassets.org

impact-assets-50-mirova-natural-capital

Mirova recognized twice over at the 2019 Infrastructure Investor Awards

On March 3, Mirova’s energy transition infrastructure team was named “Energy Investor of the Year,” Europe and “Renewables Investor of the Year,” Europe by the leading publication, Infrastructure Investor, for 2019.

Read the news

For more information on the reward methodology, please refer to the website www.infrastructureinvestor.com

infrastructure-investor-renewables-energy-transition

Mirova named “Responsible investor of the year” at the Insurance Asset Risk Awards

Mirova named "Responsible investor of the year" at the Insurance Asset Risk Awards 2020. This prestigious event aims to reward excellence in insurance investment.

Read more on Natixis’ Hub (French)

For more information on the reward methodology, please refer to the website www.insuranceassetrisk.com

insurance-asset-risk-responsible-investment

Mirova honoured at the Pensions Age Awards

Mirova has won in the ‘Sustainability Provider of the Year’ category at the 2020 Pensions Age Awards. The Pensions Age Awards represents the UK’s flagship pensions event, aiming to reward both the pension schemes and the pension providers across the UK that have proved themselves worthy of recognition in these increasingly challenging economic times.

Read more on Natixis' Hub

For more information on the reward methodology, please refer to the website www.pensionsage.com

pensions-age-awards-provider-sustainability-mirova

"CDP Europe Awards: Mirova, maintains its five-leaf rating across its scored funds and brings home a new award

For this second edition of the CDP Europe Awards[1], all Mirova equity funds scored according to the Climetrics method earned five leaves, the highest rating given by the CDP, awarded to just 2.5% of the 17,000 funds evaluated[2]. The Mirova Euro Sustainable Equity fund took home the Climetrics Funds Award for being ranked among the five European equity funds to best integrate climate issues into their investment processes, according to the Climetrics methodology.

Read the news

[1]Europe awards organized by the NGO CDP (Carbon Disclosure Project)
[2] Source : CDP

For more information on the reward methodology, please refer to the website https://www.cdp.net

Investments in the funds are mainly subject to a 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. Past performance and simulations of past and future performances are not a reliable indicator and therefore do not anticipate future results.
Read previous issues
Investing in Sustainability
Corporate Newsletter Q2 2019
Published on 07/23/2019

Investing in Sustainability? Yes but how Learn about what happened at Mirova during Q2 2019.

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Corporate Newsletter Q3 2019
Published on 10/16/2019

Investing in Sustainability? Yes but how Learn about what happened at Mirova during Q3 2019.

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Corporate Newsletter Q4 2019
Published on 01/16/2020

Investing in Sustainability? Yes but how. Learn about what happened at Mirova during Q4 2019.

Learn more