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Mirova, an asset management company dedicated to responsible investment, today
announced that the Mirova Environmental Europe Equity Fund, Mirova Green Bond–
Global and Mirova-Eurofideme 3 funds have been awarded the new “Energy and
Ecological Transition for Climate”, audited by Ernst & Young. Mirova’s three core
flagship funds allow it to be recognised as a pioneering and demanding player in the
financing of energy transition.
The label was established by the French M to mobilise savings towards energy and
environmental transition.
The “Energy and Ecological Transition for Climate” label is
part of public policy under France’s Law on Energy Transition
for Green Growth of August 2015. The label requires:
- significant investment of labelled funds in companies and
projects related to energy and ecological transition, - measurement of the actual environmental impact of the
portfolio by means of impact indicators regarding climate
change, water, natural resources and biodiversity, - active management of any major risk of environmental
social or governance controversy.
It allows the identification of investment funds that finance the green economy, encourages the creation of new green funds, and facilitates reporting on the green part of corporate activities.
Mirova’s three labelled flagship funds
Mirova offers concrete solutions for equity, fixed income and infrastructure asset classes to
redirect capital to support investments in energy transition:
- Mirova Eurofideme 3 is a renewable energy infrastructure fund, totally
dedicated to investment in clean energy.
It invests in projects that produce energy from renewable resources (onshore wind, photovoltaic, hydro and cogeneration from biomass combustion) in Europe, both for future projects and those already in operation. It is the 3rd generation of Renewable
Energy infrastructure funds developed by Mirova, which over the past 10 years has allowed the financing of 730 MW of new generating capacity and helped avoid 1.4 million tons of CO2 emissions.
- Mirova Green Bond – Global is a SICAV which invests in debt securities supporting
energy and ecological transition, described as green bonds by the research team
responsible for Mirova investment. By financing tangible assets and ensuring
transparency on the destination of the capital raised, it allows issuers to diversify their
investor base and investors to actively participate in financing energy transition.
- Environmental Mirova Europe Equity Fund is a thematic equity fund. It invests in
shares of European companies that are positively exposed to environmental issues. The
management team favours shares that provide innovative solutions covering three
major themes: energy efficiency, food production cycle and water management. These
companies have sustainable business models and create long-term value.
Philippe Zaouati, CEO of Mirova, commented on the announcement: “We are proud to be one
of the first asset management companies to receive this new label for our products. Energy
transition will only succeed if we manage to mobilise the savings of private investors. We must
therefore offer solutions that address climate issues while generating the performance
expected by investors. The three labelled funds are representative of our three core areas of
expertise and are based on sophisticated analysis performed by our research teams.”
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