Under this objective, the United Nations Convention to Combat Desertification (UNCCD), is taking up the LDN challenge by promoting the creation of a fund1, the LDN Fund project, through its operational arm, the Global Mechanism.
Following a rigorous selection process, the Global Mechanism selected in December 2015 Mirova, a subsidiary of Natixis Asset Management dedicated to sustainable investment, as fund structuring partner and co-promoter of the LDN Fund project. This collaboration aims at refining the Fund’s investment strategy, governance structure, performance standards and at mobilising public and private capital to select and finance eligible projects. The LDN Fund intends to raise capital from public and private institutions and to directly or indirectly finance initiatives that promote land rehabilitation and sustainable land management in all countries.
The six-month period following the announcement of the partnership between Mirova and the UNCCD was dedicated to assessing project feasibility, analysing the market, refining the investment strategy and the envisioned structure. The LDN Fund project is expected to become operational at the end of 2016.
Please read the attached Market Study to find out more about the LDN Market and the Land Degradation Neutrality Fund project.
Mirova, an asset management company wholly owned by Natixis Asset Management2, brings to bear almost 30 years of experience in Socially Responsible Investing (SRI). Mirova offers a conviction-driven approach in order to combine value creation with sustainable development with a unique and global product offering: listed equities, fixed income, infrastructure, impact investing, voting and engagement. With 60 employees, Mirova has €6 billion in assets under management3.
1 The LDN Fund is a project and has no legal existence yet. The Fund has not been authorised no supervisory authority.
2 Since 01.01.2014.
3 Source : Natixis Asset Management as at 31 March 2016
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced, are as of 13 June 2016 and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material. This material may not be distributed, published, or reproduced, in whole or in part. Although Natixis Asset Management and AEW Europe believe the information provided in this material to be reliable, it does not guarantee the accuracy, adequacy or completeness of such information.
Mirova is a subsidiary of Natixis Asset Management
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The analyses and opinions referenced herein represent the subjective views of the author as referenced, are as of the mentioned date, and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
This material has been provided for information purposes only to investment service providers or other Professional Clients, Qualified or Institutional Investors and, when required by local regulation, only at their written request.