Mirova Raises Over $200 Million from Corporate Investors for Nature Restoration Fund
Natixis Investment Managers’ sustainable investing affiliate Mirova announced today that it has raised more than €195 million (USD$213 million) for its corporate-backed Climate Fund for Nature, aimed at supporting high-quality projects dedicated to nature protection and restoration.
Introduced in late 2022, Mirova’s Climate Fund for Nature aims to mobilize capital from companies committed to a low-carbon, nature-positive transition, with investments supporting high-quality projects dedicated to protecting and restoring nature in emerging markets, as well as supporting farmers in their transition to regenerative agriculture. The fund also seeks to generate carbon credits and co-benefits for local communities, with a particular focus on promoting women’s independence.
Projects supported by the fund will include the restoration of carbon sinks, such as afforestation, reforestation, and mangrove restoration initiatives, natural regeneration, regenerative agriculture and agroforestry. Mirova will also promote the independence of women in selected projects.
New investors in the fund include Capgemini, Unibail-Rodamco-Westfield and MANE, joining initial investors Kering and L’OCCITANE Group.
Cyril Garcia, Head of Global Sustainability Services and Corporate Responsibility and Group Executive Board Member, Capgemini said:
