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Milova, the sustainable investment affiliate of Natixis Investment Managers, today announced a €195 million investment in the corporate-backed Nature Climate Fund, which aims to support high-quality projects dedicated to nature conservation and restoration. announced that it has raised more than US$213 million.
Milova’s Nature Climate Fund, introduced in late 2022, aims to mobilize capital from companies committed to a low-carbon, nature-positive transition, with investments focused on nature protection and restoration in emerging markets. The aim is to support high-quality projects that have been developed and to support farmers. In the transition to regenerative agriculture. The fund also aims to generate carbon credits and co-benefits for local communities, with a particular focus on promoting women’s independence.
Projects supported by the fund include afforestation, reforestation, carbon sink restoration such as mangrove restoration efforts, nature restoration, regenerative agriculture, and agroforestry. Milova also promotes women’s independence in selected projects.
New investors in the fund include Capgemini, Unibail Rodamco Westfield and MANE, in addition to initial investors Kering and L’Occitane Group.
Cyril Garcia, Group Executive Officer and Head of Global Sustainability Services and Corporate Responsibility at Capgemini, said:
“Our commitment to sustainability is primarily driven by our 90% carbon reduction target (by 2040, not 2019) in line with the SBTi net-zero standard. , we are committed to investing in carbon credits to reduce and remove carbon beyond our own value chains. We invest in high-reliability carbon credit projects that deliver broader social and environmental benefits. We are proud to work with Target Mirova and our other investors.”
Milova said the foundation is already supporting an ambitious project to protect Peru’s virgin forests in collaboration with local NGOs and indigenous communities. Other projects in advanced research stages include mangrove and land restoration in Latin America, Africa, and Southeast Asia. The impacts of selected projects are determined based on carefully monitored and measurable data to ensure positive outcomes for nature, climate and people’s lives.
Mirova has set a target of €300 million for the fund, which is supported by companies across sectors such as luxury goods, beauty, hospitality, communications and agri-food.
Gauthier Kell, Managing Director, Natural Capital, Mirova, said:
“We are proud that such respected corporate partners have placed their trust in Milova and chosen to invest in the Nature Climate Fund. Their work will go a long way in mobilizing finance for nature. It’s a positive signal about the role that businesses can play.”
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