Mirova
Mirova is a B Corp-certified investment management firm headquartered in France with offices in the United States and the United Kingdom. It joined the Net Zero Asset Managers Initiative on 29 March 2021 and its initial target disclosure was published on 1 May 2022.
100% of total AUM
initially committed to be managed in line with net zero
USD $30 billion
currently committed to be managed in line with net zero
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio coverage baseline
The target metric is the implied temperature rise of all our investments, for which we have set a target < 2°C for several years.
Target(s):
Portfolio coverage target
Mirova has consistently sought net zero alignment of all its investments for several years and continues to do so.
GHG scopes included:
Mirova relies on two main indicators related to the assessment of GHG emissions:
Emissions ‘induced’ by the life cycle of a company’s activities, taking into account both direct emissions and those of suppliers and products (Scope 1,2 and 3 for all sectors)
Emissions ‘saved’ through energy efficiency improvements or ‘green’ solutions, also on a life-cycle basis so taking into account Scopes 1,2 and 3 for all sectors of the economy.
Methodology:
Own/other methodology
Scenario(s):
Mainly IPCC 1.5°C scenario with no overshoot and IEA NZE
Additional information
Proportion of AUM committed:
100%
Policy on coal and other fossil fuel investments:
Fossil fuel exclusion policies apply to 100% of our AUM.
Further information:
Mirova’s net zero roadmap, engagement report and carbon scenario alignment