Climate Stability
Limit GHG3 levels to stabilize global temperature rise under 2°C1
Mirova Global Sustainable Equity Fund
Fund at a glance
Type
Global Thematic
Equity
Strategy
High conviction
portfolio with
low turnover and
high active share
Impact Fund
Classified Article
9 under the
European SFDR
A Double Objective
Aims to combine
financial performance
with environmental and
social impact
Inception Date
25.10.2013
The Active Share measures the fraction of a portfolio (based on position weights) that differs from the benchmark index.
Mirova is a 100% sustainability-driven asset management company that offers its clients investment solutions combining the search for financial performance with environmental and social impact. Thanks to multidisciplinary teams united around the same vision and its ability to innovate and create partnerships with the best experts, Mirova seeks to direct capital towards the needs of investment in a real sustainable and value-creating economy. Mirova is a mission-led and B Corp certified company.
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Transition your portfolio into tomorrow
Search for financial outperformance with a focus on positive environmental and social impact
The Mirova Global Sustainable Equity Fund aims to identify key transitions that are shaping the Future – including demographics, the environment, technology, and corporate governance. Its high conviction, multi-thematic approach is designed to combine financial performance with environmental and social impact. The fund seeks to:
Outperform the MSCI World Net Dividends Reinvested Index over the long term*
Be aligned with a 2ºC global warming scenario**
Invest in companies whose activities contribute positively to the UN’s Sustainable Development Goals (SDGs)
* For more information on the reference index, visit www.msci.com. Mirova Global Sustainable Equity Fund is suitable for investors who can afford to set aside capital for at least 5 years.
** Corresponds to the action plan put in place to respect the Paris Agreement, that is to say the increase that should not be exceeded for the average temperature of the planet between 1850 and 2100. Internal limits non-binding at the date of this document and not mentioned in the regulatory documentation, subject to change by Mirova without prior notice. The carbon footprint of investments is calculated using a proprietary methodology that may involve bias.
Each investment includes risks, including capital loss and sustainability risks. Mirova Global Sustainable Equity Fund is a sub-fund of the Luxembourg SICAV Mirova Funds, approved by the Luxembourg Commission for the Supervision of the Financial Sector (the "CSSF"). Natixis Investment Managers International is the management company, and has delegated financial management to Mirova US.
ESG investing risks and methodological limits: By using ESG criteria in the investment policy, the relevant Fund's objective would in particular be to better manage sustainability risk and generate sustainable, long-term returns. ESG criteria may be generated using Mirova’s proprietary models, third party models and data or a combination of both. The assessment criteria may change over time or vary depending on the sector or industry in which the relevant issuer operates. Applying ESG criteria to the investment process may lead Mirova to invest in or exclude securities for non-financial reasons, irrespective of market opportunities available. ESG data received from third parties may be incomplete, inaccurate or unavailable from time to time. As a result, there is a risk that Mirova may incorrectly assess a security or issuer, resulting in the incorrect direct or indirect inclusion or exclusion of a security in the portfolio of a Fund.
Natixis Investment Managers believes companies with stronger ESG profiles can exhibit:
1 Higher profitability
2 Lower risk of
severe drawdowns
3 Lower
systematic risk
4 Greater potential for long-term growth and innovation
Drawdown: A drawdown is an investment term that refers to the decline in value of a single investment or an investment portfolio from a relative peak value to a relative trough.
Systematic risk: Refers to a risk that affects the whole market, not a particular stock or industry.
4 transitions that are reshaping the world—and creating opportunity*
As part of its strategy to create long-term sustainable returns, Mirova identifies companies globally that provide solutions to the challenges related to four major long-term trends. These trends will drive transformation regardless of cyclicality of the global economy.
For example, Mirova believes sea levels will continue to rise. Natural sources of fresh water will continue to become scarcer. People will continue to live longer, and innovations in technology will continue to change the way the world interacts and conducts business. Depending on where companies stand with regard to sustainability, these transitions create risks – or opportunities.
* The information provided reflects Mirova’s opinion / the situation is as of the date of this document and is subject to change without notice.
The Four Transitions of a Changing World
Demographics
Technology
Environment
Governance
6 differentiators that set the Mirova Global Sustainable Equity Fund and Mirova apart
Team
Soliane Varlet
Portfolio Manager
Jens Peers and Hua Cheng are contracted by Mirova and seconded to Mirova US. Mirova US and Mirova agreed on a participating affiliate agreement.
CFA® and Chartered Financial Analyst® are registered trademarks owned by the CFA Institute.
Mirova’s approach to ESG assessment
At Mirova, analysis of an asset—any asset regardless of asset class—allows us to establish an overall qualitative opinion, described using a five-point scale and makes it possible for us to determine whether the asset is consistent with achieving the SDGs.* This assessment is conducted in accordance with our main principles and includes the risk/opportunity approach, taking into account the quality of products and services as well as the way operations are conducted, the global approach of the entire life cycle, and the differentiation approach, adapting issue selection to the specificities of each asset.**
* Among ESG data providers or financial players, qualitative opinions can take a variety of forms. Letter grades (e.g. CCC to AAA at MSCI, D- to A+ at ISS ESG), qualification of an opinion (Weak / Limited / Robust / Advanced at Vigeo Eiris, Negligible / Low / Medium / High / Severe at Sustainalytics). These qualitative opinions are generally accompanied by numerical scores, for example a score between 0 and 100.
** The analysis grids adopted sector by sector are communicated in publicly available sectoral sheets. https://www.mirova.com/en/research/understand#vision
2 For more information on Mirova’s methodologies, please refer to the Mirova website: www.mirova.com/en/research
IMPACT PILLARS
To illustrate the contribution of our investments to the primary issues of sustainable development, our ‘global’ assessment is broken down into six impact pillars: three related to environmental issues, three based on social issues.* Each pillar is assessed according to our five-point qualitative scale, from Negative to Committed.
* Source - Source: Mirova / ILG - Cambridge CISL. This segmentation of sustainability issues into 6 pillars is based on the work of the Investment Leaders Group (ILG) within the Cambridge Institute for Sustainability Leadership (CISL) - See https://www.cisl.cam.ac.uk/publications/publication-pdfs/impact-report.pdf
-
Environmental
-
Healthy Ecosystems
Maintain ecologically sound landscapes and seas for nature and people
Resource Security
Preserve stocks of natural resources through efficient and circular use
Basic Needs
Energy, shelter, sanitation, communication, transportation, credit and health for all
Well-Being
Enhanced health, education, justice and equality of opportunity for all
Decent Work
Secure, socially inclusive jobs and working conditions for all
1 Corresponds to the action plan put in place to respect the Paris Agreement, that is to say the increase that should not be exceeded for the average temperature of the planet between 1850 and 2100. Internal limits non-binding at the date of this document and not mentioned in the regulatory documentation, subject to change by Mirova without prior notice. The carbon footprint of investments is calculated using a proprietary methodology that may involve bias.
2 For Mirova’s investments. For more information on our methodologies, please refer to our Mirova website: www.mirova.com/en/research
3 Greenhouse gas - Source: Cambridge / Investment Leader Group.
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Find out more on The Fund
Further Reading
Urbanisation, ageing populations, and climate change are piling pressure on cities around the world to adapt, and the solutions require both changes in public policy and innovative private sector investment.
Mirova presents its outlook for private markets in 2024.
Mirova presents its outlook for listed assets and the economy in 2024. His central scenario for 2024 is that of a successful soft landing.
Find out how Mirova’s Jens Peers began his journey in sustainable investing and what keeps him motivated as a portfolio manager.
February 27, 2024
Find out how Mirova’s Soliane Varlet began her journey in sustainable investing and what keeps her motivated as a portfolio manager.
March 1, 2024
This paper examines how investors can take advantage of investment opportunities in the global energy transition, while managing risks to their portfolios.
References to a ranking, award or label have no bearing on the future performance of any fund or manager.Mirova is a mission-driven company since 2020. For more information: www.entrepriseamission.com. Since 2006, the B Corp movement has been promoting strong values of change throughout the world to make companies "a force for good" and to distinguish between those that reconcile profit (for profit) and collective interest (for purpose). The B Corp's objective is to certify companies that integrate social, societal and environmental objectives into their business models and operations. For more information: www.bcorporation.net/about-b-corps. Mirova is B-corp certified since 2020.
Investment Objective: The investment objective of Mirova Global Sustainable Equity Fund is to allocate the capital towards sustainable economic models with environmental and/or social benefits by investing in companies which qualify as a sustainable investment and whose economic activity contributes positively to or does not significantly harm the achievement of one or more of the UN Sustainable Development Goals (SDGs) and/or reduces the risk of not achieving one or more of the UN SDGs, while ensuring that the portfolio companies follow good governance practices. The achievement of the extra-financial investment objective is based on the results of the assumptions made by the delegated investment manager. For more information on Mirova’s methodologies, please refer to our Mirova website: http://www.mirova.com/en/research
All investment presents a risk of capital loss. The specific risks of investing in the Sub-Fund are linked to: Capital loss, Equity securities, Global Investing, Exchange rates, Changes in laws and/or tax regimes, Portfolio concentration, Small, Mid and Large Capitalization Companies, Emerging markets, Financial Derivatives, Counterparty risk, ESG Investing Risk & Methodological limits, Sustainability risks. For more information, please refer to the prospectus on the fund available at Mirova and Natixis Investment Managers International. You can obtain it on simple request or on the website www.im.natixis.com.
The Fund is subject to sustainability risks as defined in the Regulation 2019/2088 (article 2(22)) by environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment. More information on the framework related to the incorporation of Sustainability can be found on the website of the Management Company and the Delegated Investment Manager.
The information provided reflects Mirova’s opinion / the situation is as of the date of this document and is subject to change without notice.
ESG Investing Risk & Methodological limits
By using ESG criteria in the investment policy, the relevant Fund's objective would in particular be to better manage sustainability risk and generate sustainable, long-term returns. ESG criteria may be generated using Mirova’s proprietary models, third party models and data or a combination of both. The assessment criteria may change over time or vary depending on the sector or industry in which the relevant issuer operates. Applying ESG criteria to the investment process may lead Mirova to invest in or exclude securities for non-financial reasons, irrespective of market opportunities available. ESG data received from third parties may be incomplete, inaccurate or unavailable from time to time. As a result, there is a risk that Mirova may incorrectly assess a security or issuer, resulting in the incorrect direct or indirect inclusion or exclusion of a security in the portfolio of a Fund.
This document is intended solely for professional and non professional clients as defined by MiFID. If it is not the case and you receive this document by mistake, please destroy it and inform Mirova immediately. Mirova Global Sustainable Equity Fund is a sub-fund of the Luxembourg SICAV Mirova Funds, approved by the Luxembourg Commission for the Supervision of the Financial Sector (the “CSSF”). Natixis Investment Managers International is the management company and has delegated financial management to Mirova US.
Mirova US has been appointed as Delegated Investment Manager of the Sub-Fund pursuant to an investment management delegation agreement entered into with the Management Company, with certain employees of Mirova providing services to Mirova US according to an agreement in place with Mirova. The fund was launched in October 2013 within Ostrum AM where Mirova was a department. Mirova became an asset management company in January 2014. Until March 28, 2019, Mirova was operated in the US through Ostrum Asset Management U.S., LLC an investment advisor based in the US. Since March 29, 2019, Mirova US LLC is a US- based investment advisor that is a wholly owned affiliate of Mirova.
This fund is the subject of a key investor information document (KIID) and of a prospectus. The KIID of the fund must be delivered prior to any subscription. The reference documents on the fund (KIID, prospectus and periodical document) are available at Mirova. You can obtain it on simple request and on the website www.mirova.com.
The Global Risk Exposure of the Sub-Fund is managed through the use of the “Commitment Approach” method described under “Use of derivatives, Special Investment and Hedging Techniques” -”Global Risk Exposure”. For a complete description of these risks, please refer to the Product Highlights Sheet and to the chapter entitled “Principal Risks” in the prospectus. This same chapter also describes the other risks linked to an investment into the Sub-Fund.
Otherwise, past performance is no guarantee or reliable indicator of current or future performance. Performance figures are calculated net management and running fees, included safekeeping fees and commissions. This document is a non-contractual document for information purposes only. This document does not constitute or form part of any offer, or solicitation, or recommendation to subscribe for, or buy, or concede any shares issued or to be issued by the funds managed by Mirova investment management company. The presented services do not take into account any investment objective, financial situation or specific need of a particular recipient. Mirova shall not be held liable for any financial loss or for any decision taken on the basis of the information contained in this document, and shall not provide any consulting service, notably in the area of investment services.
The information contained in this document is based on present circumstances, intentions and guidelines, and may require subsequent modifications. Although Mirova has taken all reasonable precautions to verify that the information contained in this document comes from reliable sources, a significant amount of this information comes from publicly available sources and/or has been provided or prepared by third parties. Mirova bears no responsibility for the descriptions and summaries contained in this document. No reliance may be placed for any purpose whatsoever on the validity, accuracy, durability or completeness of the information or opinion contained in this document, or any other information provided in relation to the fund. Recipients should also note that this document contains forward-looking information, issued on the date of this presentation. Mirova makes no commitment to update or revise any forward-looking information, whether due to new information, future events or any other reason. All financial information, notably on prices, margins or profitability, shall be indicative and shall be subject to change at any time, in particular depending on market conditions. Mirova reserves the right to modify or remove this information at any time without notice.
The information contained in this document is the property of Mirova. It may not be communicated to third parties without the prior written consent of Mirova. It may not be copied, in part or in whole, without the prior written consent of Mirova. The distribution, possession or delivery of this document in some jurisdictions may be limited or prohibited by law.
Persons receiving this document are asked to learn about the existence of such limitations or prohibitions and to comply with them. Mirova voting and engagement policy as well as transparency code are available on its website: www.mirova.com.
Additional notes
The Fund has been recognized under the Securities and Futures Act, Chapter 289 of Singapore, and Natixis Investment Managers Singapore Limited is appointed as its Singapore Representative and agent for service of process. Past performance of the Fund or managers, and any economic and market trends or forecast, are not necessarily indicative of the future or likely performance of the Fund or the manager.
The value of investments and the income accruing, if any, may go up or down and investors may lose the full amount invested. Investors investing in funds denominated in non-local currency should be aware of the risk of exchange fluctuations that may cause a loss of principal. Investments in the Fund involve risk, which are fully described in the prospectus. The Fund may use derivatives for hedging and/or investment purposes. The net asset value of the Fund may be subject to volatility as a result of its investment policy and/or use of financial derivative instruments. Investors should consider the Fund’s investment objective, risks, charges, expenses and read the prospectus and Product Highlights Sheet carefully and discuss with their financial adviser to determine if the investment is appropriate for them before investing. However if an investor chooses not to seek advice from a financial adviser, he/she should consider whether the product is suitable for him/her. The Prospectus is available for collection from Natixis Investment Managers Singapore Limited at 5 Shenton Way, #22-05 UIC Building, Singapore 068808 or any appointed Singapore distributor.
This document is provided by Natixis Investment Managers Singapore Limited (company registration no. 199801044D). This document is published for information and general circulation only and it does not constitute an offer to anyone or a solicitation by anyone to subscribe for shares of the Fund as it does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. Nothing in the document should be construed as advice or a recommendation to buy or sell shares. This advertisement has not been reviewed by the Monetary Authority of Singapore.
Mirova is an affiliate of Natixis Investment Managers.
MIROVA
French Public Limited liability company with board of Directors
Regulated by AMF under n°GP 02-014
RCS Paris n°394 648 216
Registered Office: 59, Avenue Pierre Mendes France – 75013 – Paris
Mirova is an affiliate of Natixis Investment Managers.
Mirova US
888 Boylston Street, Boston, MA 02199; Tel: 857-305-6333
Mirova US is a U.S.- based investment advisor that is a, wholly owned affiliate of Mirova. Mirova is operated in the U.S. through Mirova US. Mirova US and Mirova entered into an agreement whereby Mirova provides Mirova US investment and research expertise, which Mirova US then combines with its own expertise when providing advice to clients.