Mirova announced on September 29, 2017, that it had acquired a 51% ownership stake in Althelia Ecosphere, an investment manager specializing in natural capital. Both the founders of Althelia Ecosphere, Sylvain Goupille and Christian Del Valle, retained stakes in the company. Althelia Ecosphere has since become Mirova Natural Capital. Mirova’s acquisition of Mirova Natural Capital reflects Mirova’s desire to improve its positioning on natural capital. Mirova currently manages 400 million dollars worth of investments within this theme, in line with its goal of reaching a billion euros worth of investments in nature-related projects by 2022.
Over the last two years, preserving natural capital and biodiversity has emerged as a major challenge on par with the fight against climate change. The IPBES2 and IPCC3 reports on land use have highlighted the urgent need to take action in order to preserve nature. Numerous initiatives were announced during the UN Climate Summit last month, including several relating to investment in “Nature-Based Solutions.” This growing political and economic awareness is encouraging the acceleration of natural capital investment. Althelia Ecosphere and Mirova were pioneers in this asset class, working to develop investment strategies to allow public and private investors to finance sustainable land and sea management solutions.
Several strategies have been launched with goal of supporting sustainable land and ocean management projects. Their success reflects growing investor interest in this asset class. These strategies have begun to be deployed allowing urgent investment needs to be met for high-impact projects, especially in Central America, South America, Africa, and Asia.
Philippe Zaouati, CEO of Mirova, commented: “We are delighted to have the opportunity to accelerate our natural capital investment, with the help of Sylvain Goupille and Christian Del Valle. This acquisition very much reflects our ambitions concerning natural capital.”
Sylvain Goupille, co-founder and Managing Director of Mirova Natural Capital, commented: “Althelia was a pioneer in responsible investment and long-term investment in natural capital and I’m very proud to see how Mirova Natural Capital has grown over the last two years.”
Christian Del Valle, co-founder and Managing Director of Mirova Natural Capital, commented: “Over the last few years, Mirova Natural Capital has helped Althelia funds to achieve their full potential. In that time, we’ve identified and put into practice innovative natural capital investment approaches concerning climate change, biodiversity conservation, land degradation, and livelihood protection. This merging of Mirova and Mirova Natural Capital will allow us to operate on a larger scale in order to meet the challenges facing our planet today. I’m proud that Mirova Natural Capital will continue to be a leader in its sector.”
For further reading:
- Acquisition of Althelia Ecosphere
- What is Natural Capital (VIDEO)?
- First Investment and First Strategic Board Meeting for the LDN Fund
- Sustainable risk-adjusted returns, through sustainable land use and natural capital
- Finance Can and Must Play its Role in Fighting Land Degradation
2 The Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services
3 The Intergovernmental Panel on Climate Change
Affiliate of Natixis Investment Managers
French Public Limited liability company with board of Directors.
Share Capital: €8 813 860
Regulated by the Autorité des Marchés Financiers (AMF) under n° GP 02014.
RCS Paris n° 394 648 216
59 avenue Pierre Mendès France
Mirova Natural Capital
A limited-liability company governed by English law
Registration number: 07740692
Head office: 12 Gough Square London EC4A 3DW
Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
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