Mirova and the Global Mechanism join forces to establish the Land Degradation Neutrality Fund
The United Nations Convention to Combat Desertification (UNCCD), through its operational arm - the Global Mechanism – together with Mirova, the responsible investment management company of Natixis group, have signed an agreement to structure the first global fund dedicated to achieving Land Degradation Neutrality - the LDN Fund.
Every year, we degrade an area about half the size of the UK to sustain our global economy. Land degradation comes with huge environmental, social and financial costs. The LDN Fund intends to reward land management practices that help to avoid the degradation of productive land. Its goal is to promote switching to sustainable land uses and restoring already degraded land. The LDN Fund will be launched in December 2016.