Natural Capital: Impact Report 2024
Discover Mirova's Natural Capital Impact Report 2024
From Vision to Transformation: A Decade of Natural Capital Impact
When we started to create our platform in the summer of 2015, there was little discourse around natural capital investment — protecting nature was simply not regarded as a legitimate source of economic performance, let alone an asset class. Since then, we have seen tremendous buy-in, with the platform hitting the billion-dollar mark1. This reflects a change in mentalities, the growing maturity of the sector, and the consistency of our engagement. For this, I would like to thank everyone who supported this transformation.
Through our track record of experimentation, conviction and alliances we have laid the foundations of a form of finance resolutely devoted to the resilience of ecosystems. Today our action is twofold: investing in sustainable value chains — in agricultural and forestry, for example — and creating value out of environmental assets through high-quality carbon credits. Such mechanisms have made the restoration of mangroves, the preservation of peatlands, regenerative agriculture, and large-scale reforestation economically viable realities. Behind these results are dedicated teams, expertise patiently honed project by project, and synergies with Mirova's other impact investment platforms.
But our action goes beyond execution. We have chosen to take initiative, be part of the emergence of this burgeoning sector and build a common language. Together with public institutions, large corporations, NGOs and international coalitions, we have shifted the status quo and established natural capital as a legitimate investment theme.
In 2025, we enter a world where the physical risks related to climate change are real, a daily occurrence and universal. Protecting the natural world is no longer just a moral imperative; it is a fundamental economic issue that is well understood. Value chains, business models and the balance in societies all depend on the resilience of ecosystems. And it is this realization that is compelling new participants to join the movement. Whether sovereign funds, agribusinesses or tech giants, they recognize that their future prosperity is also contingent on meaningful investment in the natural world.
Much like the rise of renewable energy, we find ourselves at an inflection point. The scene is set for natural capital to evolve into a mature asset class that is capable of directing massive flows of capital towards nature-based solutions. Our challenge is to collectively build an economy where prosperity and natural regeneration can be reconciled.
1This figure includes the funds raised for Mirova's Blue Economy strategy, which was part of the Natural Capital area of expertise until end of 2024, and which has been classified under the Impact Private Equity area of expertise in 2025.
Gautier QUERU
Managing Director
On the occasion of the third edition of the World Living Soils Forum, organized by Moët Hennessy (Wines & Spirits division of the LVMH Group) and ChangeNOW on June 3 and 4, 2026 at LUMA Arles, Mirova joins the Advisory Board alongside Groupe BPCE and Natixis CIB. Composed of around fifteen experts from diverse backgrounds (including Pernod Ricard, Nestlé & Nespresso, PwC France and Maghreb), this Board contributes to the management of the Forum, the definition of its editorial line, and the joint development of its program.
Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, announces a USD10 million investment in Big Tree Farms, a leading producer of organic coconut sugar products in Indonesia. This transaction, executed through Mirova’s Sustainable Land Use strategy, aims to reshape supply chains, scaling sustainable sourcing and strengthening operational resilience across Asia.
