Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Renewable Energy
• Worker Health and Safety
• Nuclear Security
• Human Resources
• Business Ethics
• Sustainable Development Governance

Climate Goals & Targets

Environmental Challenges

• Greenhouse gas regulation
• Decarbonization objectives
• Changes in commodity prices
• Shifting public perceptions
• Managing worker health and safety
• Environmental impacts
• Nuclear security
• Methane leaks in gas supply chain
• Negative biodiversity impacts and human rights violations in hydropower projects
• Sustainability of biomass supply chain
• Market manipulation or unfair business practices

Mitigation Strategies

• Decreasing the use of fossil fuels and increasing the share of renewables in the generation mix
• Improving energy efficiency of thermal generation and providing incentives to promote efficiency by consumers
• Protecting biodiversity in hydropower projects and transmission infrastructure
• Preventing leakage from gas transmission and distribution systems through stringent compliance to regulations and monitoring procedures
• Implementing strong risk management plans and measures
• Responsible restructuring practices (providing assistance in finding alternative employment, reasonable severance pay, and consulting with unions/employees)
• Ensuring practices are ethical and compliant with local laws and regulations
• Implementing risk management processes and monitoring marketing practices

Supply Chain Management

Climate-Related Risks & Opportunities

Transition Risks

• Greenhouse gas regulation
• Decarbonization objectives
• Changes in commodity prices
• Shifting public perceptions

Opportunities

• Renewable Energy
• Access to Energy
• Grid solutions to facilitate the large-scale implementation of renewable energy sources

Environmental Metrics

ESG Focus Areas

• Environmental Resources Management
• Labor Rights
• Business Ethics
• Sustainable Development Governance
• Circular Economy

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Labor and human rights violations in supply chain (manufacturing plants and cotton farms)
• Environmental pollution from manufacturing processes and raw materials sourcing (water use, chemical disposal)
• Waste management (landfill and incineration)
• Unsustainable cotton farming (water and pesticide use)
• Wastewater management and water pollution from textile dyeing and treatment
• Microplastics leakage from synthetic fibers
• Unsustainable wood sourcing and deforestation
• Lack of water and energy efficiency in operations and manufacturing

Mitigation Strategies

• Conducting due diligence to ensure labor standards are met throughout the supply chain
• Working with suppliers and third-party organizations to prevent human and labor rights violations
• Using third-party certifications to ensure compliance with standards
• Implementing responsible purchasing charter for employees
• Increasing traceability throughout the supply chain
• Prioritizing sustainably certified materials
• Encouraging sustainable practices among suppliers
• Reducing chemical use and phasing out hazardous chemicals
• Improving knowledge of microfiber pollution
• Collaborating with third-party organizations
• Integrating technology for environmentally friendlier processes (e.g., waterless dyeing)
• Implementing strict environmental standards with a strong focus on the supply chain

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier code of conduct, social and environmental clauses in contracts, sustainability criteria in supplier selection

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

The report mentions the alignment with the UN SDGs but doesn't specify which goals are prioritized or how initiatives contribute to them.

Sustainable Products & Innovation

• Eco-designed products, organic cotton certified products, fair trade certified products

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Circular Economy
• Socio-economic Development
• Health and Wellbeing
• Diversity and Inclusion
• Governance

Climate Goals & Targets

Environmental Challenges

• Lack of universally accepted framework for ESG assessment.
• Difficulty in monitoring and reporting on the impact of investments with respect to ESG criteria.

Mitigation Strategies

• Developed own approaches and methodologies to describe the links between economic actors and ESG issues.
• Developed several types of indicators, both qualitative and quantitative, to channel investments towards assets that deliver positive impact and enhance financial analysis.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SDGs, SFDR

UN Sustainable Development Goals

• All 17 SDGs

Mirova uses the SDG framework to guide its ESG assessments.

Environmental Metrics

ESG Focus Areas

• Sustainable Land Use (SLU)
• Regenerative Agriculture
• Agroforestry
• Biodiversity Conservation
• Climate Change Mitigation and Adaptation
• Social Impact
• Supply Chain Sustainability

Environmental Achievements

• Investing in projects aiming to remove and sequester 25 million tons of CO2
• Supporting Sustainable Land Management across 150,000 hectares of land
• Conserving 20,000 hectares of ecosystems

Social Achievements

• Improving livelihoods of 90,000 climate and economically resilient farmers
• Creating 10,000 direct worker contracts
• Supporting nearly 6,000 small-scale macadamia nut producers in Kenya and Tanzania
• Working with a network of 19,000 smallholders in the Philippines

Governance Achievements

• Alignment with 2024 2X Criteria, both at fund level and portfolio level

Climate Goals & Targets

Environmental Challenges

• Land degradation (over 40% of total land area degraded)
• Deforestation (primary driver of GHG emissions in AFOLU sector)
• Biodiversity loss (food production a primary cause)
• Value chain fragmentation
• Lack of funding for SLU projects
• Need for in-depth analysis and time for implementation

Mitigation Strategies

• Developing blended finance investment strategies to attract public and private capital
• Providing long-term flexible financing solutions to SLU projects and companies
• Partnering with organizations like the Rainforest Alliance to increase access to certification and financing
• Implementing technical assistance programs for farmers
• Promoting regenerative agriculture practices (agroforestry, conservation agriculture, etc.)

Supply Chain Management

Responsible Procurement

• Supporting sustainable farming practices
• Promoting certifications (Rainforest Alliance, etc.)

Climate-Related Risks & Opportunities

Physical Risks

• Climate change impacts on agriculture

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Carbon sequestration
• Development of climate-resilient agricultural practices

Reporting Standards

Frameworks Used: EU Deforestation Regulation (EUDR), Corporate Sustainability Reporting Directive (CSRD), Science Based Targets initiative (SBTi), Science Based Targets Network (SBTN), Taskforce on Nature-related Financial Disclosures (TNFD), One Planet Business for Biodiversity (OP2B)

Certifications: Rainforest Alliance, UEBT, Organic, Regenerative Organic Certification

UN Sustainable Development Goals

• SDG 2: Zero Hunger
• SDG 6: Clean Water and Sanitation
• SDG 13: Climate Action
• SDG 15: Life on Land

Mirova's investments contribute to these goals by promoting sustainable land use, improving food security, enhancing water resource management, mitigating climate change, and protecting biodiversity.