IMPACTASSETS 50™
An Annual Showcase of Impact Investment Fund Managers
ImpactAssets 50
An Annual Showcase of Impact Investment Fund Managers
Mirova
Climate Change
Financial and Economic Inclusion
Natural Resources and ConservationFirm Overview
Mirova is an asset-management company dedicated to sustainable investment and an affiliate of Natixis Investment Managers. Thanks to its conviction-led management style, Mirova's objective is to combine a quest for long-term value creation with sustainable development. Pioneers in many areas of sustainable finance, Mirova's talents are committed to innovation in order to provide their clients with high environmental and social impact solutions. With over 25.3bn euros in assets under management, Mirova creates and manages investment solutions for institutional and retail investors, across asset classes: listed equities, fixed income, multi-asset, social impact investing, energy transition infrastructure, impact private equity and natural capital investing.Mirova has been awarded the B Corp* label and the status of "mission led company”. *References to a ranking, award or label do not prejudge the future performance of the fund or the manager.
Years of Operation: 10 years or more
% of Capital from Top 3 Investors: Less than 25%
OUR MISSION: CONTRIBUTING TO A MORE SUSTAINABLE AND INCLUSIVE ECONOMY
Our role in society as an asset management company goes far beyond fiduciary responsibility: it is part of a determination to profoundly transform the economy towards a fairer and more sustainable model.
An unrivalled ecosystem dedicated to impact and real assets Our company relies on an experienced team with a rich combined track-record in all stage of investment. They are passionate about impact and combine a long-standing involvement in the creation of impact business models and strong personal convictions. Our key differentiate factors: - Seasoned private assets experts mixing hands-on industry knowledge and financial skills - A dedicated research team of 16 people committed to ESG analysis with strong sectorial expertise - A capacity to source, lead, and execute diversified transactions in developed and emerging markets - An ability to innovate in bespoke investment strategies and deal structuring
Investment Example
We invested in Agronutris, a French biotech firm founded in 2011 with the mission of feeding and preserving a sustainable world through bioconversion. It's disruptive solution: insect-based protein solutions Obtained through bioconversion from farm waste as its main raw material, Agronutris’ alternative protein can be used for several purposes: • feed for aquaculture-farmed fish (replacing fishmeal proteins); • feed for the petfood industry (replacing meat or fish proteins); • or for direct human consumption (even if this remains marginal to date). With this solution, Agronutris meets 3 challenges in 1: • reducing the impact of aquaculture on the oceans; • meeting the protein requirements of a growing population; • and the recovery and recycling of farm by-products and waste.
Leadership and Team
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Philippe Zaouati – CEO More Info
Philippe Zaouati is the CEO of Mirova, an asset management company specializing in sustainable investment, which he created within Natixis in 2014, recognized as one of the pioneers of green and sustainable finance. After a career in various financial institutions, including Caisse des Dépôts and Crédit Agricole, notably as an expert in quantitative management, he has devoted himself for ten years to the development of responsible investment. Author of several books including "Green finance begins in Paris" in 2018 and "Sustainable finance: ringing in a second chance" in 2020, he has contributed to market and regulatory developments in France and Europe. Successively Chairman of the Responsible Investment Committees of AFG and EFAMA, member of the high-level expert group on sustainable finance at the European Commission in 2018, co-founder and Chairman of the Finance for Tomorrow initiative, member of the One Planet Lab, group of experts created by the President of the French Republic, he has notably contributed to the development of responsible investment labels and transparency standards on climate. |
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Anne-Laurence Roucher – Deputy CEO, Head of Impact Private Equity & Natural Capital More Info
Anne-Laurence Roucher is Deputy CEO, Head of Private Equity and Natural Capital at Mirova. She was previously for 10 years in charge of SRI development and operations at Mirova since its creation as an affiliate of Natixis Asset Management in 2012. In her previous position as Head of Strategic Planning at Natixis AM, she was instrumental in the creation of Mirova. |
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Raphaël Lance – Head of Energy Transition Infrastructure More Info
Raphaël Lance joined Mirova Environment and Infrastructure in 2009 as Director of Fideme and Eurofideme 2. He spent 5 years in Project Finance and Asset Finance at Crédit Lyonnais before joining General Electric where he has worked for 12 years. He has held M&A and Finance roles at GE Oil&Gas and GE Healthcare, and then became Head of origination for GE Energy Financial Services for France, Spain and Italy (€350 M in investments made in the renewable energy sector over the last 5 years). Raphael holds a Master’s degree and a DESS in Finance from Paris IX Dauphine and the International Executive Program at INSEAD respectively. |
Financial Performance
Impact Performance
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Percentage of Total Assets Under
Management that are Impact Investments: |
100%
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Mirova’s private assets platform is an impact investment platform which only invests in companies that demonstrate positive social and environmental impacts. Our screening process identifies all positive impacts in key impact areas - climate, species, ecosystems, livelihoods, inclusivity, sustainable enterprise, fair economic return, partners...). Through the due diligence process we works closely with projects to maximise their potential positive environmental and social impact performance. We focus only on financing activities that address major global challenges, such as climate change, environment protection (landscapes, natural resources, lands, oceans...).
Mirova’s ESG Standard requires projects to comply with the IFC Performance Standards and the IFC Environmental Health & Safety Guidelines. This means all companies into which we invest must assess and develop a system to manage all environmental and social risks. Our due diligence process involves a gap analysis between companies' current standards and our ESG Standard. All gaps identified are written into an environmental and social action plan, and compliance with the plan forms part of our investment contract. Rather than simply screening out projects with sub-optimal performance, the Fund can add value by enabling better performance in those projects that have the potential to improve. Companies that do not have the willingness or ability to reach our ESG Standard will not receive investment.
Impact Tracking and Monitoring
Learn More
59 Ave. Pierre Mendès-France, 75013, Paris, France
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