Video transcription: Philippe Zaouati, Deputy CEO of Natixis AM and Head of the Responsible Investing division Mirova
Natixis AM launched Mirova, its new investment division dedicated to responsible investment. What for?
Our objectives are very ambitious. We intend to create a full range of investment solutions to create long-term value and meet the needs of both institutional and retail investors that look for return, performance, but also sustainability and meaning.
How would you define responsible investment?
Well, broadly speaking, I would say responsible investment encompasses investment solutions, areas of expertise or concepts that help institutional investors or households invest their savings into companies that create long-term solutions, for a better future, companies that support the infrastructure which will soon be essential to our energy needs, that provide support to social and solidarity economy. It also includes areas of expertise to help investors understand the issues at stake and play their role as active shareholders.
What is the investment philosophy of Mirova?
At Mirova, we want to link value creation with sustainable development. This is the key point. In this respect, our philosophy is threefold:
- first, we have to connect investments with the real economy, that is to invest in companies that provide solutions, that are innovative, that look ahead ;
- second, we must create value, find business models that will help create long-term performance ;
- third, we have to be committed, responsible, to understand what is at stake, to be committed to companies and help them improve their practices in their sector and also in the finance sector because markets must recognize best practices and sanction bad practices.
To what extent does Mirova strengthen Natixis’ expertise in responsible investment?
We did not start from scratch. We are very active and we have even been the leaders in many of the fields mentioned above for many years. What is new is that we brought together, within the same unit, all the areas of expertise in responsible investment, and this is unique in Europe so far. Today we have a staff of forty or so in various areas of expertise, including analysts, engineers, project finance specialists and solidarity economy specialists, who all agree we need to to review our models, to view asset management differently. So, it all starts by integrating ESG (environment, social, governance) criteria in our portfolios, but we must go much further. We must get an overview of the challenges at stake, including technology, financial, political, meteorological, scientific challenges. To do so, we needed to connect with academic research, and this is why we set up a strategic partnership with the University of Cambridge in the field of responsible investment research.
Natixis Asset Management
Société anonyme au capital de 50 434 604,76 €
Immatriculée au RCS de Paris sous le numéro 329 450 738
Agrément AMF n°90 - 009
21, quai d’Austerlitz - 75634 Paris Cedex 13
Mirova est une marque de Natixis Asset Management.
Copyright Natixis 2012