Mirova and Carbone 4 to jointly develop an innovative method for measuring companies’ contribution to the energy transition
Mirova, Natixis Asset Management’s subsidiary for responsible investment, will draw on the expertise of Carbone 4 to jointly develop a methodology and decision-making tool that can measure companies’ contribution to the reduction in global greenhouse gas (GHG) emissions.
Mirova’s fundamental ambition is to place sustainable development issues at the core of its investment process in order to generate a positive impact on the economy and attractive and sustainable returns for its clients. Naturally, the company has therefore joined the "Montreal Carbon Pledge" and "Portfolio Decarbonization Coalition" initiatives, launched in parallel by the Principles for Responsible Investment (PRI) and the United Nations Environment Programme Finance (UNEP-fi) in the run-up to the COP 21 (2015 Climate Change Conference in Paris).
These commitments include carbon footprint measurement for Mirova’s investments in listed equities, with a view to reaching a level compatible with the target set by the international community, i.e. to limit global warming to +2°C.
Reaching this climate target will first and foremost require significant investments in the areas of carbon-free energy and energy-efficient solutions. In addition to the need to estimate the carbon footprint of its investments, Mirova has therefore felt the need to introduce a methodology to measure their contribution to the desired energy transition scenario.
With this in mind, Mirova has joined forces with Carbone 4, a consulting firm that has notably developed the carbon inventory method and the method for carbon analysis of projects financed by the French Agency for Development (AFD). The joint development of this methodology will enable Carbone 4 to freely assist all investors that want to take into account the risks and opportunities linked to climate change issues in their investment decisions.
The methodological principles will be published in September 2015 and will be shared with all financial actors that are interested in this approach.