[US] Minimum standards

Mirova was created to finance economic models that aim to positively contribute to sustainable development. Our work primarily focuses on identifying contributions to sustainability through companies’ products, services, and practices. While we strive to promote positive change, we also recognize our responsibility to ensure that our investments consistently meet or exceed minimum standards, particularly regarding activities deemed controversial.

Mirova does not exclude any industry as a matter of principle. All our positions are the result of an extensive analysis of environmental and social impacts. For certain industries, this analysis may lead to the exclusion of all players in the sector. Minimum standards are established for each sector based on their primary environmental and social concerns, and these standards are outlined in our sector research papers^[1].

Our Minimum Standards document summarizes our positions on major issues deemed controversial or that have negative impact on the achievement of sustainable development goals. Our Minimum Standards are split into two categories: a first section of this document outlines the standards that can be automated through a quantitative approach of pre-set indicators such as revenue (“Exclusion Categories”); the second section addresses our qualitative position on topics and sectors that still require further due diligence, typically carried out on a case-by-case basis (“Other Minimum Standards”).

Our Minimum Standards are aligned with the Guidelines of the European Securities and Markets Authority (ESMA)^[2] on funds’ names using ESG or sustainability-related terms and therefore the EU Paris-aligned Benchmarks^[3].

This document is applicable to all portfolios and investments in both listed and non-listed companies and projects. The term “companies” shall be used for any corporate entity or project considered for investment unless specified otherwise. Certain strategies or portfolios managed by Mirova may have additional exclusions.