Mirova and Natixis Assurances join the PRI Leaders group
Natixis Assurances and Mirova were named among the most advanced players in sustainable finance in 2020 when the Principles for Responsible Investment (PRI, the principal international organization promoting responsible investment) identified a group of thirty-six leaders, comprised of sixteen institutional investors (4% of total PRI signatories) and twenty asset management companies (1% of total signatories), including Mirova and Natixis Assurances. This announcement rewards the work carried out by Mirova since 2016 on calculating the carbon footprint of its investments. For its part, Natixis Assurances confirms its status as a pioneer in terms of climate commitment. Its objective of dedicating 10% of its investments to green assets was exceeded in both 2019 and 2020 with its investments amounting to nearly 15% in the 2020 financial year.
3.3.4 - Corporate & Investment Banking
Groupe BPCE’s ambition is to become the benchmark advisor of its major clients in matters related to their transition strategy. This ambition led it to develop as early as 2018 the ‘Green Weighting Factor,’ an analytical tool designed to measure and manage the climate impact of its customers’ portfolios. It will also continue developing its CSR-related expertise and provide innovative solutions in sustainable finance, a range to be extended to its entire offering beyond the issues of energy and climate (social, biodiversity). In this way, it expects to multiply its green 4 revenues by a factor of 1.7 by 2024.
4. Revenues from the Green & Sustainable Hub, from the Renewables and Dark-Green and Medium-Green customers as defined in the General Purpose and Dedicated Purpose of the Green Weighting Factor.
Chief Executive Officer of Natixis, Member of the Management Board, Groupe BPCE
“The fight against climate change is one of the defining challenges of our time and a major priority for our global businesses. In Asset & Wealth Management and Corporate & Investment Banking, we have several means of action at our disposal allowing us to play a decisive role in the energy transition. Year after year, we have stepped up our commitments to sustainable growth and given concrete expression to our pledge to reduce the environmental impact of our financing and investment activities. With the Green Weighting Factor in 2019, we became the first bank worldwide to assess the climate impact of our financing in a highly detailed manner. Our new strategic plan sets clear and ambitious targets both for developing our sustainable finance activities and for pursuing the alignment of our portfolios with the trajectory set out in the Paris Agreement. We are also one of the first third-party asset managers to assess the carbon intensity of our portfolios in such a broad way. Building on our expertise, we are continuing our drive to innovate to make us the foremost partner in our customers’ ecological transition.”