Mirova has a core belief: The global economic environment is facing 4 major transitions – environmental, social, technological and governance- which are accelerating a paradigm shift towards a more sustainable development model. Climate change, rising inequality, technological disruption and governance crisis are examples of the challenges that the economic leaders have to face, and which are calling for a broader response from the business world to achieve a sustainable growth as defined by the UN Sustainable Development Goals.
In this context, innovation and sustainability are becoming the main levers for economic, environmental and social value creation. The companies that will be able to provide sustainable and or innovative solutions, while appropriately managing their ESG, will benefit from a real competitive advantage. Our investment approach is primarily based on that conviction and combines the sustainability and financial dimensions of investing with the objective to allocate financial capital with a net positive impact on society and benefit from returns of companies that should deliver better than average performance.
RI research is therefore at the heart of its investment process. It aims at further understanding sustainability issues* and transpose them to investment-context, and then determine to what extent business industries are exposed to risks and/ or opportunities related to sustainability.
In practical terms, this thematic / multi-thematic approach entails selecting companies that are ‘tomorrow’s winners’, i.e. that have the ability to perform over the long run via business models that fully integrate the challenges of sustainable economic development. These issues are classified around 8 macro-sectors enabling the identification of investment opportunities along the entire value chain and across all sectors of activity. Mirova’s PMs can either :
-cover all these themes (or several) in multi-thematic funds, and therefore combine environmental and social issues:
e.g. Mirova Global Sustainable Equity Fund *** ; Mirova Europe Sustainable Equity Fund, Mirova Euro Sustainable Equity Fund, etc. ****
-or focus on 1 or 2 theme(s) in thematic funds:
environmental theme: e.g. Mirova Europe Environmental Equity Fund, etc.
social theme: e.g. Insertion Emplois Dynamique, which targets companies that are the most likely to create employment over 3-year cycles.
For further details about the themes addressed by Mirova’s product range, please refer to the section “Strategy and Governance”, Question SG.15.
* Climate stability change, Healthy Ecosystems, resources security, Basic Needs, Decent work, Wellbeing,
** Energy, mobility, resources, sustainable, consumption, buildings and cities, health, finance, information and communication technologies
*** 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 Management International is the management company and has deleguated financial management to Mirova US.
**** Mirova Europe Sustainable Equity Fund and Mirova Euro Sustainable Equity Fund are sub-funds of the Luxembourg SICAV Mirova Funds, approved by the Luxembourg Commission for the Supervision of the Financial sector (the "CSSF"). Natixis Investment Management International is the management company and has deleguated financial management to Mirova.