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PRI reporting framework 2020

Export Public Responses

You are in Strategy and Governance » Asset class implementation not reported in other modules

Asset class implementation not reported in other modules

SG 16. ESG issues for internally managed assets not reported in framework

Describe how you address ESG issues for internally managed assets for which a specific PRI asset class module has yet to be developed or for which you are not required to report because your assets are below the minimum threshold.

Asset Class

Describe what processes are in place and the outputs or outcomes achieved

Fixed income - Securitised

Mirova’s RI approach covers all the categories of bonds, including securitizations (the latter however represent a small portion of its assets, we therefore do not report on this category), however securitised bonds represent an extremely limited share of assets.  Please refer to the module "Fixed Income Incorporation" for further details about our RI approach to this asset class.

Other (1) [as defined in Organisational Overview module]

Natural Capital: in September 2017, Mirova acquired a platform dedicated to the conservation of the biodiversity and natural capital with the acquisition of a 51% equity ownership stake in Althelia Ecosphere (“Althelia“), an asset management company. In 2018 it has become Mirova Natural Capital and since 2019, it is fully owned by Mirova. 

The platform, with teams located in Paris, London and Lima, develops innovative investment solutions dedicated to the mitigation of and the adaptation to climate change and the protection of landscapes, biodiversity, soils and maritime resources.

The platform aims to support the scaling up of the “natural capital” asset class thanks to a strategic vision of its growth, robust investment processes and appropriate support functions. Thus, Mirova is positioned as a pioneer in financing the sustainable management of natural resources and biodiversity conservation.

Other (2) [as defined in Organisational Overview module]

Through its Impact Investing approach, Mirova Invests a portion of the managed assets in unlisted companies with a strong social and/or environmental impact. This approach seeks to achieve a social and/or environmental return by funding needs that are inadequately met by traditional financial channels. This objective is achieved notably through our “FCPR Natixis Solidaire” dedicated to the management of solidarity part of employee saving funds. Besides, within our Impact Investing product range, the 3 “Insertion Emplois” funds include a solidarity-based component: 5 to 10% of the funds’ assets are dedicated to funding (non-listed) social impact projects allowing the creation or consolidation of jobs, particularly for people experiencing difficulties.

16.2. Additional information [Optional].

SG 17. ESG issues for externally managed assets not reported in framework (Not Applicable)