350 million euros dedicated to sustainable land management
Mirova, an affiliate of Natixis Investment Managers, announces the launch of Mirova Sustainable Land Fund 2 (MSLF2), a fund based on a sustainable land management strategy that aims to raise €350m from public and institutional investors.
This strategy draws on Mirova's expertise in investing in natural capital and aims to support agroforestry, sustainable forestry and regenerative agriculture projects in developing countries.
Since 2017, Mirova had raised US$208m for the deployment of an initial Land Degradation Neutrality (LDN) fund, dedicated to the restoration of degraded land. The latest investments increase the LDN fund's portfolio to a total of 13 sustainable land management projects in Latin America, Africa and Asia, in businesses as diverse as coffee, cocoa, timber, nuts, fresh fruit, and ingredients for the pharmaceutical industry, as well as payments for ecosystem services.
The launch of Mirova's new fund comes at a time when international regulations are pushing companies and investors to take greater account of their impact on the climate and nature. With MSLF2, Mirova is pursuing and accelerating the pace of development of its natural capital platform dedicated to sustainable land management.
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