Mirova, a Natixis asset management boutique specialised in responsible investment, is co-developing a decarbonisation risk methodology with carbon consulting firm Carbone 4 and AFD, the French agency for development.
This methodology, expected to be launched in September 2015, aims to measure corporate contributions to an energy transition that will reduce carbon emissions.
“We will apply the methodology to our own investments. Carbone 4 will use it as a tool in order to help investors consulting them taking decisions,” Philippe Zaouati (pictured) CEO of Mirova tells InvestmentEurope.
Mirova has adopted the principles of the Montreal Pledge engaging the firm to publish the carbon footprint of its investments.
The Natixis’ boutique is also part of the Portfolio Decarbonisation Coalition (http://unepfi.org/pdc/), a multi-stakeholder initiative launched by the United Nations which aims to drive greenhouse gas emissions reductions on the ground.
Members of the Portfolio Decarbonisation Coalition, which also include asset managers Amundi and Sonen Capital, have engaged themselves to make institutional investors gradually decarbonise their portfolios.
“Among institutional investors, some have already implemented a responsible investment policy. They want to go further into decarbonisation. Others only start to think about it because of recent events such as low oil prices and regulatory targets in order to prevent global warming. But they have not all reached the same level of awareness” Zaouati says.
He adds: “We feel that the interest among retail investors for responsible investment is growing, these funds, which have a significance will attract more and more retail clients.”
Mirova managed €3.9bn of assets as at 30 September 2014.