As per ESG Today, Mirova's Climate Fund for Nature was introduced back in 2022 and its purpose from the beginning was to contribute to the protection and restauration of our ecosystems, especially in developing countries, as well as helping farmers adopt cleaner agriculture practices. Another goal for this project is the generation of carbon credits and benefits for the local communities where sustainable actions will take place.

Project managers will focus on reforestation, afforestation, mangrove restoration, as well as regenerative practices for the agroforestry industry. Mirova officials reported that the Cliamte Fund already supports one project in Peru, which is co-led with a local NGO and the help of the local communities. Reforestation projects are also set to take place in Latin America, Africa and South-East Asia.

Capgemini, Unibail-Rodamco-Westfield and MANE are among the new investors who contributed to the 195 million euros fund.

Cyril Garcia, Head of Global Sustainability Services and Corporate Responsibility and Group Executive Board Member, Capgemini said that "our commitment to sustainability is driven primarily by our 90% carbon reduction target (by 2040 v 2019), which is aligned to the SBTi Net Zero Standard. Beyond our decarbonization strategy we have a commitment to invest in carbon credits to abate and remove carbon from beyond our own value chain."