Mirova (company)
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Mirova is a global asset management company dedicated to sustainable investment and an affiliate of Natixis Investment Managers. As of September 30, 2023, Mirova and its affiliates manage €28.4 billion. The company is a mission-driven and labeled B Corp. Mirova's headquarters are in
Paris Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, largest city of France. With an estimated population of 2,048,472 residents in January 2025 in an area of more than , Paris is the List of ci ...
, France. The company is also present in
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,
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,
Nairobi Nairobi is the Capital city, capital and largest city of Kenya. The city lies in the south-central part of Kenya, at an elevation of . The name is derived from the Maasai language, Maasai phrase , which translates to 'place of cool waters', a ...
,
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and
Luxembourg Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...
.


History

Mirova, initially established as a department within Ostrum Asset Management (formerly Natixis Asset Management), was founded in 2012 by Philippe Zaouati. In 2014, Mirova evolved into a direct affiliate of Natixis Investment Managers. In 2015, the company launched one of the first global strategies for
green bond A green bond is a fixed-income financial instrument ( bond) which is used to fund projects that have positive environmental benefits. When referring to climate change mitigation projects they are also known as ''climate bonds''. Green bonds follow ...
s and developed a new methodology for measuring the carbon footprints of all Mirova investments. In 2017, Mirova acquired a majority stake in Althelia, an investment platform dedicated to the sustainable management of
natural capital Natural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free goods and services, often called ecosystem services. All of t ...
, encompassing both land and marine resources. In 2019, the company finalized the acquisition of Mirova Natural Capital, now Mirova UK Ltd (previously known as Althelia Ecosphere), established Mirova US LLC as a wholly-owned subsidiary, and launched a
gender diversity Gender diversity is equitable representation of people of different genders. It most commonly refers to an equitable ratio of men and women, but also includes people of non-binary genders. Gender diversity on corporate boards has been widely ...
equity strategy. In 2020, Mirova became a mission-driven company under French law, which involves defining a "raison d'être" and setting social, societal, or environmental objectives beyond profit. For the fourth year in a row, Mirova and its natural capital platform were included in the ImpactAssets 50 ("IA 50") list. The same year, Mirova earned the B Corp certification. Additionally, Mirova began developing a methodology to analyze the impact of listed investments on biodiversity. In 2021, Mirova introduced an impact private equity strategy. The same year, Mirova was acknowledged as "Responsible investor of the year" and received the "Social investing initiative of the year" award. At the same time, the company was named "Real assets manager of the year" and "Renewables fund of the year". In 2022, the company acquired SunFunder, a specialist in emerging market clean energy and climate investment based in Nairobi, Kenya. This acquisition was accompanied by the expansion of the fixed income range with the launch of two new strategies. Also, Mirova's equity funds received high ratings from Climetrics, with 11 funds earning a 5-leaf rating in 2022. The company also ranked highly in the Trophées de la Finance Responsible and Grand Prix de la Finance 2022 (H24), including first place in the ESG Favorite Companies category. In 2023, Mirova launched its sixth strategy dedicated to energy transition infrastructure, with a fundraising target of up to €2 billion, as well as a second strategy dedicated to sustainable land use. The same year, Mirova and Robeco launched a market initiative to develop global database of avoided emissions factors and associated company-level avoided emissions. Mirova received a special commendation at the Funds Europe Awards in the "European Fixed Income Fund Manager of the Year" category.{{Cite web , title=Funds Europe Awards 2023 winners , url=https://www.funds-europe.com/funds-europe-awards-2023-winners , access-date=2024-01-19 , website=funds-europe.com


Notable people

* Philippe Zaouati (born 1966), managing director of Mirova


References

Financial services companies established in 2012 French companies established in 2012 Companies based in Paris Investment management companies of France