7 SDGs directly targeted combining societal impacts and financial opportunities
The philosophy
Mirova’s impact private equity strategy targets a dynamic risk/return through early growth private equity investments in companies with a technological edge, that create a positive impact on society.
The world faces social challenges such as an ageing population, revolution in training and education due to new technologies, or having a more sustainable consumption style.
Solutions exist, but they need funding to develop at scale and help achieve the UN Sustainable Development Goals* through societal impacts. This is why Mirova’s strategy focuses on four social investment themes to facilitate this transition and help achieve the SDGs.
4 Investment themes
A strategy enabling to build a sustainable and desirable society.
Learning and knowledge
Investing in companies that offer life-long training
Well-being and health
Investing in companies that contribute to people’s health and well-being by providing accessible and high quality care
Mindful consumption
Targeting companies that are transforming people’s lifestyles by making them sustainable
Diversity and inclusion
Targeting companies that are empowering individuals and helping to achieve their social inclusion
Impact at the heart of the investment process
3 SDGs indirectly targeted through environmental benefits
Investor should note that an investment in the strategy does not generate a direct impact on the society but that the strategy seeks to select and invest in companies that meet the specific criteria defined in the management strategy.
* Sustainable Development Goals. The Sustainable Development Goals set 17 priorities for development that is socially equitable, environmentally sound, economically prosperous, inclusive and predictable by 2030. They were adopted in September 2015 by the UN as part of the 2030 Agenda. For more information: https://www.un.org/sustainabledevelopment.
Information provided reflects the situation as of the date of this document and may change without notice. Source: Mirova
Reasons to consider
• A broad range of impact through multi-thematic societal investments
• Maximized impact by selecting companies with virtuous business
• Alignment in interests
• Sharing mechanism with Mirova Foundation
• Private Equity solution targeting dynamic returns
• Our conviction: companies solving key sustainable development issues are expected to deliver substantial financial rewards
• Targeting companies developing innovative solutions & technologies and having significant headroom for growth
• Minimizing risk through sector diversification
• A pure player of sustainable finance & impact: Mirova is a mission-driven company(2), B-Corp label certified(3) with 100% of its funds classified as Art.9 of SFDR(4)
• A combined know-how and experience in all the verticals in private assets, leveraging the deep pool of expertise existing across the Energy Transition Infrastructure, Natural Capital, Social Impact and Sustainability Research teams
• A privileged access to deal-flow and investment opportunities
• A strong platform with a long-lasting track-record in private investments with 5.0 Bn€ of assets under management in real assets(5).
At Mirova, we are convinced that there is no antagonism between financial performance and impact. Quite the opposite, we believe that companies that respond to environmental and societal transitions are driven by strong trends that feed their growth and therefore, their value”.
– Marc Romano, Senior Investment Director, Mirova
The analyses and opinions referenced herein represent the subjective views of the author(s) as referenced, are as of the date shown and are subject to change without prior notice.
The information provided reflects MIROVA’s opinion/situation as of the date of this document and is subject to change without notice.
(1) Capital invested in companies currently profitable or that appear to be just about to become potentially profitable.
(2) Mirova is a mission-driven company since 2020. For more information: https://www.entreprisesamission.org/.
(3) Since 2006, the B-Corp label 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.www.bcorporation.net/about-b-corps. Mirova is B-corp certified since 2020. References to a ranking, prize or label do not anticipate the future results of the latter, or of any relevant fund or strategy, or of the manager.
(4) For the funds exclusively managed by Mirova and covered by the SFDR regulation.“SFDR”: Sustainable Finance Disclosure regulation. Article 9, i.e.: “a financial product which has sustainable investment as its objective, not a result”, in opposition with article 8 “E&S characteristics are promoted among others. We do not view product classifications as of this date to be final, and it is possible certain product classifications could change thereafter. The SFDR requires an investment team to consider carefully how to express ESG and sustainability principles, which we view as critical and ever-growing aspects of our investment activities on behalf of our clients.
(5) Private assets under management comprising Private Equity, Infrastructure, Natural Capital and Social Investing. Source: Mirova, as of 30/06/2024.
Risks to consider
All investing involves risk, including the risk of loss. Investment risk exists with equity, fixed income, and alternative investments. There is no assurance that any investment will meet its performance objectives or that losses will be avoided. There could be other differences across similar products in the same strategy. Investors should fully understand the risks and other relevant details associated with any investment prior to investing. References to a ranking, prize or label do not anticipate the future results of the latter, or of any relevant fund or strategy, or of the manager.
The team
Experienced investment team
Anne-Laurence Roucher
Deputy CEO, Head of Private Equity and Natural Capital
Mirova
Marc Romano
Head of Impact Private Equity
Mirova
The firm
A committed player and a leading player in sustainable finance, Mirova is a conviction-based management company that offers its clients investment solutions combining the search for financial performance with environmental and social impact. This is their raison d'être: to contribute to a more sustainable and inclusive economy by increasing their positive impact on environmental issues, but also on reducing inequalities.
As ‘Mission-led company’1, thanks to multidisciplinary teams united around the same vision, the variety of their areas of expertise, and their ability to innovate and create partnerships with the best experts, they seek to direct capital towards the needs of investment in a real, sustainable and value-creating economy.
Mirova is internationally recognised BCorpTM2 certification attests to their environmental and social commitment.
Paris
France
200+
Employees
(1) Introduced in France in 2018 under the Pacte Law, a ‘société à mission’ company must define its "raison d'être" and one or more social, societal or environmental objectives beyond profit. The purpose, and objectives aligned with this purpose, must be set out in its Articles of Association. The Articles specify the means by which the execution of the Mission will be monitored by a Mission Committee (a corporate body distinct from the board of directors which is responsible for monitoring the implementation of the mission with at least one employee.) An independent third party then verifies the execution of the Mission, via a written opinion which is annexed to the report of the Mission Committee to shareholders and made available on the website of the company for a period of five years.
(2) Since 2006, the B Corp movement has been promoting strong values of change throughout the world to make businesses “a force for good” and to distinguish those which reconcile profit (for profit) and collective interest (for purpose). B Corp’s goal is to certify companies that integrate social, societal and environmental objectives into their business model and operations. More details here.
References to a ranking, prize or label do not anticipate the future results of the latter, or of the fund, or of the manager.
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