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Mirova has initiated and joined a number of initiatives which aim to integrate biodiversity and nature into investment strategies and help mobilise civil society to create an economic development model that enhances communities and nature.

Mirova, an affiliate of Natixis Investment Managers, was a launch partner for TNFD (Taskforce on Nature-related Financial Disclosure) and is a member of the working group on the mandate and governance of the TNFD, which is expected to be launched in 2021. The TNFD provides a framework for corporates and financial institutions to manage and report their impact on nature, encouraging the redirection of global financial flows away from nature-negative outcomes and towards nature-positive outcomes.

United Nations Secretary-General António Guterres said: “The new Taskforce on Nature-related Financial Disclosures will help financial institutions to shift finance from destructive activities and toward nature-based solutions.”

Mirova has also signed the Finance for Biodiversity Pledge, launched by 26 financial institutions around the world, calling on leaders to favour biodiversity. The pledge calls on global leaders to protect and restore biodiversity through their finance activities and investments. The Finance for Biodiversity Pledge was launched during the Nature for Life Hub in September 2020 and the Biodiversity Summit of the United Nations General Assembly in September 2020. In December 2020, 11 more financial institutions joined the pledge and the 37 signatories control €4.8 trillion assets under management.

In addition, Mirova was at the forefront of the initiation and co-ordination of an investor statement on biodiversity. In the statement, 30 institutional investors representing more than €6 trillion called for concerted and transparent impact measures related to biodiversity. “We are optimistic about the possibility of implementing this measurement, which should enable us to use our leverage as investors to reverse the present biodiversity crisis,” said Sarah Maillard of Mirova.

Mirova provided input into the “Little Book of Investing in Nature”, launched on January 13 2021. The book was the brainchild of Global Canopy and was funded by the French Development Agency, Mirova, Biofin, Crédit Suisse, WWF and the United Nations Development Programme (UNDP). The Little Book of Investing in Nature aims to help governments, NGOs, the private sector and others to finance conservation in a clear and consistent way. The book introduces a framework that organises biodiversity financing into categories: revenue generation, better delivery, expenditure realignment, avoidance of future expenditures, and catalysts.

Finally, Mirova is in advanced discussions to join OP2B (One Planet Business for Biodiversity), a business coalition created in 2019 with the aim of catalysing action to protect and restore biodiversity in value chains. Actions are focused around three pillars: scaling up regenerative agricultural practices; boosting cultivated biodiversity and diets through product portfolios; and eliminating deforestation and enhancing high-value natural ecosystems.

Mirova chief executive Philippe Zaouati said: “All these initiatives aim to provide understanding how to integrate biodiversity and nature into investment strategies, both in terms of associated risks and opportunities to be supported. In 2021, the work and initiatives listed above will continue and we will support their development, contributing to the necessary paradigm shift. It is through the mobilisation of all actors, public, private and from civil society, that a development model that respects communities and nature will be possible.”

For further reading:

Mirova
Mirova is an affiliate of Natixis Investment Managers.
Portfolio management company - French Public Limited liability company
Regulated by AMF under n°GP 02-014
RCS Paris n°394 648 216
Registered Office: 59, Avenue Pierre Mendes France – 75013 – Paris.
www.mirova.com

Natixis Investment Managers
Natixis Investment Managers is a subsidiary of Natixis.
Portfolio management company - French Public Limited liability company
RCS Paris n°453 952 681
Registered Office: 43, Avenue Pierre Mendes France – 75013 – Paris.
www.im.natixis.com

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 unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.