Mirova, a subsidiary of Natixis Asset Management dedicated to responsible investing, proposes conviction-based management aimed at combining value creation and sustainable development as part of an overall responsible investing approach: equities, fixed-income products, infrastructure, impact investing (1), voting and engagement. Mirova has EUR 4.5bn in assets under management and totals EUR 38.3bn in voting and engagement advisory services. Mirova has been active in the area of renewable energy since 2002 through its management of the FCPIs (private equity investment funds) Fideme (a EUR 45m fund established in 2002) and Eurofideme 2 (a EUR 94m fund established in 2008) dedicated to equity and quasi-equity investments in projects to be built in Europe using proven technologies (essentially wind power and photovoltaics). These funds have already been invested in full. In 2014, Mirova launched its third fund, Mirova-Eurofideme 3, which has the same strategy as its predecessors and a target size of EUR 200m. Mirova-Eurofideme 3 is established for a period of 10 years and continues to raise funds from institutional investors. Having invested in two projects in the wind and photovoltaics sectors in France, the team is currently examining a number of investment opportunities, particularly in northern Europe.
(1) Impact investing: investing in projects with a significant social/environmental impact.