Natixis develops new approach to responsible investing
Natixis Asset Management has launched Mirova, an investment division dedicated exclusively to responsible investment. The division will aim to combine value creation with sustainable development.
Mirova’s philosophy is based on the conviction that integrating sustainable development themes in investment approaches can generate solutions that create value for investors over the long term.
“Combining value creation with sustainable development issues is an economic necessity,” says Natixis in a statement. “The current imbalance between growth and debt, the de-correlation with the real economy, the depletion of natural resources and climate change issues all highlight that the current economic development model is no longer sustainable.”
Heading the new division is Philippe Zaouati, deputy chief executive of Natixis Asset Management. He said: “We are convinced that we need to think about asset management differently in order to better take into account the risks and opportunities of a changing world.” Mirova’s ambition is to “play an active and responsible part in financing the real economy and provide solutions to investors seeking returns, sustainability and meaning.”
Mirova’s offering is marketed by Natixis Global Asset Management’s global distribution platform and meets the requirements for all types of investors, both professional and non-professional: institutional investors, companies, multi-managers, private banks, independent financial advisors and banking networks.
Mirova’s fund range is organised in four pillars:
– Listed shares management: investing in global companies that provide innovative solutions in eight major sustainable development themes;
– Infrastructure financing: financing responsible projects with strong yield potential;
– Investment with a social and environmental impact, or impact investing: investing in projects and non-listed companies with a strong social and environmental impact; and
– Voting and engagement: supporting investors and company managers in their decisions as responsible shareholders.
Pascal Voisin, chief executive of Natixis Asset Management, said: “The creation of the Mirova investment division is more than a simple affirmation of Natixis Asset Management’s 25 years of engagement in responsible investment – it reflects our strong ambitions to strengthen our position as an innovative market player and become an international leader in this field.”
Natixis AM, the second-largest European manager of open-ended SRI funds and social business funds, has €286.5bn in assets under management, with €4bn in SRI equity, €7.7bn in advising on ESG/SRI (excluding equities) and €20.4bn in voting and engagement in assets under management (as at 30 September 2012).