Mirova Energy Transition Infrastructure: 2024 Impact Report

Nudging the tipping points

The energy transition is entering its largescale implementation phase, driven by a surge in renewable energy production, especially electricity. The path we’re on puts the 2050 net zero target within reach, but only if we integrate renewable energy effectively into our economic sytems and accelerate electrification — a shift already supported by digital transformation, rapid growth of e-mobility, and the production of low-carbon fuels.

At Mirova we believe in a committed investment approach — clear-eyed about the complexity involved in the transition and the need for new areas for action. This means going beyond supporting proven technologies, adding new capacity or backing mature projects, to focus on:

targeting the most critical drivers;
addressing the blind spots of the energy transition — storage, the electrification of heavy industry and transport, and access to power in
remote or energy-poor areas;
anticipating the next wave of technological and regulatory shifts;
designing locally-adapted solutions that maximise the environmental and social impact of every euro invested.

We seek to invest where change happens; this ambition informs our choice of the assets we finance and our commitment to inclusive models that democratise access to clean energy.

To amplify our impact, we will continue to expand our Private Assets investment platform and roll out synergistic strategies. Only by aligning sectoral, geographical and technological expertise can a transition be truly systemic.

We are proud of the road we have travelled with you so far, and remain fully committed to supporting transformative solutions together, for an energy transition that is fair, sustainable and resilient.

Thank you for your trust in us, and we invite you to explore this report to see the measurable impact of our actions.