Operational since its first closing at the end of 2018, the LDN Fund has finalised its first transaction, investing in Urapi Sustainable Land Use (Urapi), a programme focused on restoring degraded land and promoting sustainable land management in Latin America, conceived by the project developer ECOTIERRA.
The Fund’s Strategic Board also held its first meeting on the 15th of January.
Mirova is targeting 20 billion assets under management over the next five years by continuing to focus on innovation, to strengthen its offer to institutional clients and the retail sector, and by exploring new areas of impact
Mirova reduces carbon footprint on its consolidated equities portfolio from 3.5°C to 1.7°C in just over two years.
Mirova is now within the 2°C trajectory across asset classes as defined by the international community.
Mirova announced the final closing of its renewable energy fund Mirova-Eurofideme 3, with 350M€ commitment, well above its 200M€ initial target.
The fundraising has benefited from support by both existing and new institutional investors from several European countries, including the European Investment Bank which invested 40M€.
Mirova is launching the mutual fund Mirova Green Bond - Global, one of the first funds in the world for green bonds. Through this fund, Mirova is asserting its pioneering position on the Green Bond market and offering a funding solution for projects with a high environmental impact, while benefitting from the performance potential of global bonds.