9 million, 120 projects, 5 years: Mirova Foundation measures the impact of its philanthropy for the first time

The endowment fund of Mirova, a mission-driven asset management company specializing in sustainable investing, has published its first impact report to mark its fifth anniversary, alongside a day of discussions on the theme “Acting Differently”, bringing together associations, experts and decision-makers at the Learning Planet Institute in Paris.

Paris, June 3, 2026 – Yesterday, on June 2, 2026, Mirova Foundation, the endowment fund of Mirova, a pioneering sustainable finance asset management company, celebrated its fifth anniversary and published its first impact report: 82% of the supported associations have sustained their development, 72% have increased the number of beneficiaries supported, and 89% believe that the partnership strengthened their credibility with other funders.

Founded in 2021 under the name Mirova Forward, the endowment fund has, over the past five years, developed a distinctive approach to philanthropy based on “venture philanthropy”: multi-year unrestricted funding, tailored extra-financial support, and minimum three-year commitments to the associations it supports. For the first time, this report highlights the tangible impact of this model on 28 associations across France and Africa.

120 projects, 82% of organizations strengthened, 72% more beneficiaries reached

The impact assessment conducted between December 2025 and March 2026 (17 interviews, 91 employees surveyed, 28 contributing associations representing the entirety of the selected panel) documents for the first time the concrete effects of the endowment fund’s approach on the organizations it supports:

• 82% of supported associations report having sustained their development;
• 75% launched a new project thanks to the support of Mirova Foundation;
• 89% believe the support strengthened their credibility with other funders;
• 72% increased the number of beneficiaries supported.

In five years, we have supported 120 associations and projects, representing nearly €10 million, including 90 projects co-financed with other philanthropic partners. This report confirms that our approach delivers real results. It is a great source of pride, but above all, an invitation to go even further. The nonprofit sector is currently facing significant challenges, public subsidies are declining, and there is an urgent need to rethink funding models. Fewer than 10% of French companies are engaged in philanthropy today. Yet when organizations commit genuinely, over the long term, and with trust, the impact is real and extends far beyond philanthropy itself: our employees embrace it, and our partners draw inspiration from it. We want to demonstrate that another form of philanthropy is possible, including within the world of finance.

One ambition: financing the blind spot of sustainable finance

Mirova Foundation was born from a paradoxical observation: while Mirova finances the environmental transition on a global scale, certain social and human realities, such as education and training, particularly for vulnerable populations, access to employment and professional integration, access to energy, and the fight against energy poverty), fall outside traditional market dynamics. Mirova Foundation chose to focus precisely on this blind spot, structuring its action around three priority areas:

1. Education and skills development

Objectives: facilitate access to quality education; support vocational training and apprenticeships; promote access to fundamental knowledge.

• Les Écoles ÊTRE, supported since 2022, have tripled their network, growing from 11 to 33 schools across France, training young people in manual professions linked to the ecological transition.
• Ecolhuma, a partner since 2023, now supports up to 100,000 teachers on environmental issues through its ÊtreProf platform.

2. Access to employment for the most vulnerable populationss

Objectives: support inclusive entrepreneurial initiatives, particularly for young people and women; foster economic models that help people escape precarity; promote the inclusion of people with disabilities.

• La Cravate Solidaire, funded with €300,000 over three years, expanded from 20 to 47 French departments and now supports 15,000 beneficiaries in accessing employment, including 55% women and 16% people with disabilities.
• France Active, a long-standing partner of Mirova and supported since 2022 by its endowment fund with €3.6 million renewed until 2029, was able to launch a training platform dedicated to leaders in the social and solidarity economy and develop a dedicated Employment/Inclusion program, including the implementation of an emergency support scheme for associations facing difficulties.

3. Access to essential resources (energy and water)

Objectives: fight energy poverty in France; raise awareness and provide training on energy-efficient practices; support local and renewable energy alternatives, particularly in countries lacking access to water and energy.

• By co-financing 72 projects with Watt for Change for a total amount of €3.15 million, Mirova Foundation contributes to access to green electricity for rural African populations and to the energy renovation of 1,000 low-income households in France. A three-year pilot initiative involving eight award-winning projects in France was notably launched, with a dedicated impact assessment expected in 2027.
• Électriciens sans frontières receives support for its overall strategy and for expanding access to solar energy in rural communities in Kenya.

Mirova is a mission-driven company that combines financial rigor with commitment. Our endowment fund is a direct illustration of this: we provide funding where financial markets, even responsible ones, cannot reach. In five years, we have allocated nearly €10 million to 120 projects through an innovative philanthropic and value-sharing model.

My longstanding commitment to the nonprofit sector and my recent election as Deputy Mayor of Paris in charge of the Social and Solidarity Economy have strengthened my conviction that associations, and more broadly organizations within the social and solidarity economy, are essential actors in addressing the many social and environmental challenges we face. Providing them with the means to act and demonstrating long-term trust are essential. Through its engagement model, Mirova Foundation offers a concrete response to this challenge. The City of Paris is delighted to rely on endowment funds to strengthen its action in support of the Social and Solidarity Economy. By encouraging these partnerships, Paris reaffirms its ambition to become the capital of the social and solidarity economy.