Mirova selected to manage biodiversity fund

Written by Adam Cadle

22/10/2024

Mirova has been selected by a consortium of 11 institutional investors to manage the fund, Objectif biodiversité.

With over €100m and an initial duration of five years, this listed fund will primarily focus on small and medium-sized European companies, with a dual objective: to support businesses transitioning to sustainable business models and to invest in innovative solutions for biodiversity preservation.

Mirova will build the fund using the data from the not-for-profit charity, CDP, on climate and nature, sourced from over 23,000 companies that reported their information through its platform in 2023. This data will be used in the investment strategy to assess companies’ exposure to risks and the progress made in reducing negative impacts on biodiversity.

“We are thrilled to have been chosen to manage this pioneering fund, which illustrates our commitment to biodiversity preservation and our expertise in responsible investment,” Mirova global head of listed assets, Hervé Guez, stated.

“We believe that biodiversity will be a key topic for the coming years. It will not only involve investing in innovative small and medium-sized enterprises that provide solutions to biodiversity challenges but also actively engaging with large companies to encourage them to make biodiversity a transformational issue.”

The French consortium of 11 institutional investors consists of Abeille Assurances (Aéma Group), BNP Paribas Cardif, BPCE Assurances, the Caisse des Dépôts, CNP Assurances, EDF Gestion, MAIF, MACIF (Aéma Group), Malakoff Humanis, Société Générale Assurances and Crédit Agricole Assurances.

Related Articles