The companies have committed 140 million euros to conservation, biodiversity and regenerative farming projects in countries where they source raw materials.
“Innovative financing mechanisms are crucial to channel much-needed investment into nature-based solutions if we are to reverse biodiversity decline by 2030 and, simultaneously, address climate change, which is intrinsically interlinked with nature. We entreat further companies to join this ambitious initiative to contribute to a nature-positive future,” she said.
To that end, Mirova will partner with the 2X Collaborative, a gender-focused investment network to find projects that address gaps relating to access to finance, land and training for women. The projects’ progress will be monitored to ensure they deliver measurable outcomes for nature, climate and livelihoods.
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