Mirova awarded the ‘Philanthropy Prize’ for Mirova Foundation

At the 11^th edition of the ‘Trophées de l’Asset Management’ organised by Option Finance, Mirova Foundation was awarded the ‘Philanthropy Prize’ in recognition of three years of service to public interest projects with a high potential environmental or social impact, in France or abroad.

Already a pioneer in sustainable investment, Mirova elected in 2021 to become a mission-driven company under French law and obtained the B Corp label at the same time as it created its endowment fund, philanthropy being one of the constituent elements of its mission and raison d’être. Striving always for consistency, Mirova Foundation addresses the blind spot in Mirova’s investment strategy; philanthropy has a role to play in supporting the non-profit players and associative projects that provide solutions promoting the general interest.

The award is a fine acknowledgement of the unique support Mirova’s endowment fund offers to grantee organisation, namely support that involves multi-year commitments in three areas:

• Financial sponsorship with unearmarked donations and financing for structural costs
• Skill sponsorship according to the needs identified by project leadership
• Outreach, raising awareness and networking to serve the needs of the structures supported

This prize also recognised the strength of the collective endeavour and the commitment of Mirova’s teams to Mirova Foundation:

• Participate, on a voluntary basis, in the selection of projects supported by the endowment fund, in the solidarity initiatives undertaken and in the skill sponsorship offered to thesupported associations (more than 30 employees contribute to the governance, selection and monitoring of projects)
• Through the introduction of an innovative mechanism for financing public-interest initiatives via the endowment fund, with impact mechanisms offered to investors in several of its funds, who allocate part of their management fees to Mirova Foundation.