Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Mirova formally launches $300 million Land Degradation Neutrality Fund

The UN-affiliated fund will invest in sustainable agriculture and forestry, as well as green infrastructure and ecotourism.

It is one of the first private funds aimed at land-degradation neutrality, a target of Sustainable Development Goal №15 (Life on land). The European Investment Bank, France’s AFD and the government of Norway are backing the fund, as is the Rockefeller Foundation. Luxembourg committed €5 million.

Mirova is an $8 billion unit of Natixis Global Asset Management, which has nearly $900 billion under management. In July, Mirova agreed to acquire Althelia Ecosphere, which has put together deals that combine carbon credits and sustainable commodities such as rubber in Indonesia, cocoa in the Ivory Coast and cattle in Brazil.

SDG №15 ranked low in a survey of impact investors’ interest in the SDGs. Mirova’s CEO, Philippe Zaouati, said “rehabilitating degraded land, protecting vital ecosystems and empowering sustainable business around the world…can be achieved along with competitive market-level returns.”

Here’s the fund’s brochure.

You might also like...