Mirova

Name

Mirova

Legal name

MIROVA, Société anonyme (French public limited liability company) with a Board of Directors, with a share capital of €12,211,512.50, registered in the Paris Trade and Companies Registry under no 394 648 216

Website

https://mirova.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Sustainable Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

akta.pro secondary industries

OCIO & Multi-Asset Outsourced Portfolio Management (FSAAAJAF), Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ), Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)

Keywords

• Sustainable asset management
• Responsible investment funds
• Energy transition infrastructure
• Impact investing solutions
• Natural capital investing

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset management fees on listed and private strategies: Recurring management and administration fees on €39.4 billion of assets under management (including Mirova, Mirova US LLC and Mirova UK as of March 31, 2026) across equities, fixed income, multi-asset, energy transition infrastructure, natural capital and private equity strategies.
2. Direct infrastructure investment returns (equity, debt and project finance): Returns and fees from direct investments in renewable energy, battery storage, agri-solar logistics, telecom towers, e-mobility, cold chain and natural capital projects, including the €480M RP Global investment, €19M Cold Solutions Kiambu loan, $15M iSAT Africa senior secured facility, $15M Ecofy debt, $15M Battery Smart debt, and syndicated Spekboom facility.
3. Carbon credit investment income: Project-level carbon credit investment returns, including Mirova's $30M largest-ever carbon transaction with Varaha for verified removal credits across 337,000 smallholder farms in India.
4. Performance fees: Performance-based compensation earned on actively managed strategies, evidenced by Mirova affiliates winning 2026 LSEG Lipper Fund Awards for consistently strong risk-adjusted performance over 3 to 10 year periods.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Core offering

Mirova is a French asset management firm offering sustainable investment strategies across listed and private markets, covering equities, fixed income, multi-asset, energy transition infrastructure (OECD and emerging markets), natural capital and private equity. The firm manages $39.4 billion in assets as of March 31, 2026, and serves institutional investors, distribution platforms and retail investors across Europe, North America and Asia-Pacific. Products are delivered via UCITS and AIF vehicles backed by in-house research, direct origination in renewable energy and a Voting & Engagement stewardship framework.

Product overview

Mirova offers a unified platform of sustainable investment solutions organized around seven areas of expertise (equities, fixed income, energy transition infrastructure including OECD and emerging markets focus, natural capital, multi-asset, and private equity) rather than a single software product. Within this offering, the dedicated investment strategies include Equities, Fixed Income, Energy Transition Infrastructure (OECD Countries), and Energy Transition Infrastructure (Emerging Markets); these are complemented by research publications such as Mirova: Creating Sustainable Value (monthly market outlook), B(ey)ond Green (quarterly fixed income publication), and the annual Engagement Report. The Climate Contribution Framework is a co-developed standards framework with Sweep that supports Mirova's carbon strategies. All of these are delivered by Mirova, an affiliate of Natixis Investment Managers, with assets under management of approximately 39.4 billion dollars and 261 employees as of March 31, 2026.

Differentiator

Problem solved

Functional benefit

Brands

• Mirova Foundation: Independent foundation linked to Mirova, listed as a distinct entity on the website navigation under About Us.
• Mirova Gigaton Fund

Products and services

• Equities Sustainable equity strategies combining long-term value creation with positive environmental and social impact, offered to institutional investors, distribution platforms and retail clients across global public markets.
• Fixed Income Fixed income strategies spanning multiple sub-strategies aimed at generating financial performance while incorporating high ESG standards, available to institutional and retail investors via UCITS and AIF vehicles.
• Energy Transition Infrastructure (OECD Countries) Investment strategies financing the construction and management of renewable energy production, storage and clean mobility infrastructure projects in OECD countries, with direct origination and asset management capabilities.
• Energy Transition Infrastructure (Emerging Markets) Investment strategies supporting renewable energy, storage and clean mobility infrastructure projects in emerging markets, including the Mirova Gigaton Fund and other dedicated emerging-market vehicles.
• Mirova Gigaton Fund Blended finance debt vehicle used to deploy senior secured loans into emerging market climate infrastructure projects such as the $19M Cold Solutions Kiambu agri-solar cold chain in Kenya.

Quantifiable outcome

• $39.4 billion in assets under management as of March 31, 2026
• +4 more outcomes

Named customers1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered major group ecosystem, core operational partner, core research partner, flagship strategic merger, major acquisition, flagship parent affiliate, flagship jv partner, co-developer and project delivery vendors.

• Groupe BPCE & Natixis CIBmajor group ecosystemGTM or Marketing Partner · 26 February 2026Partners of the World Living Soils Forum 2026 to accelerate action for soil regeneration; partnership leverages Mirova's broader Natixis Group ecosystem to convene investors and policymakers around regenerative agriculture and soil health.
• BeZero Carboncore operational partnerTechnology or Integration · 19 February 2026Framework agreement signed with BeZero Carbon (and Sylvera) to strengthen quality standards across Mirova's carbon strategies, supporting the firm's nature-based carbon removal investment pipeline including the Varaha and Imperative transactions.
• Sylveracore operational partnerTechnology or Integration · 19 February 2026Framework agreement signed with Sylvera (and BeZero Carbon) to strengthen quality standards across Mirova's carbon strategies, providing independent carbon rating and project verification services.
• Sweepcore research partnerStrategic or Co-development Partner · 26 November 2025Co-developed the Climate Contribution Framework with Mirova Research Center — a new standard for corporate climate action measurement and reporting launched 26/11/2025.
• Thematics Asset Managementflagship strategic mergerStrategic or Co-development Partner · 1 January 2025Strategic merger project announced to create a global reference in thematic management by combining Mirova's responsible investment expertise with Thematics AM's specialist thematic investment capabilities. Merger completed 05/01/2026.
• SunFundermajor acquisitionStrategic or Co-development Partner · 20 June 2022Acquisition of SunFunder, a company specialising in emerging-market clean energy and climate investment, as part of Mirova's plan to become a global impact investing leader. SunFunder is referenced in the Mirova Gigaton Fund Kenya cold chain deal context.
• Natixis Investment Managersflagship parent affiliateStrategic or Co-development PartnerParent affiliate relationship — Mirova operates as a mission-driven sustainable investment affiliate within Natixis Investment Managers' multi-affiliate platform. The affiliate structure aggregates 11 affiliates (AEW, Flexstone, Gateway, Harris | Oakmark, Loomis Sayles, Mirova, Vaughan Nelson, etc.) for the annual cross-asset outlook and Lipper Award recognitions.
• Eveconflagship jv partnerStrategic or Co-development PartnerJoint venture partner in Baltic Renewable Energy Platform OÜ (BREP) co-owning Estonia's largest solar-storage hybrid at Kirikmäe (77.5 MW PV + 55 MW/250 MWh BESS), the Hertz 1 100 MW/200 MWh BESS in Kiisa, and an 85M€ Swedbank-backed portfolio.
• Corsica Soleco-developerStrategic or Co-development PartnerPartner with Evecon and Mirova in the Baltic Storage Platform that opened the Hertz 1 100 MW/200 MWh BESS in Kiisa, Estonia on 3 February 2026 — one of the Baltics' largest battery storage facilities.
• Huawei & WiSo Engineeringproject delivery vendorsTechnology or IntegrationHuawei supplies batteries and power conversion equipment and WiSo Engineering serves as EPC contractor for the Kirikmäe 55 MW/250 MWh BESS in Estonia; Mirova is a co-developer via its Baltic Renewable Energy Platform JV with Evecon.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Pictet Asset Management: Geneva-based Pictet Asset Management is a direct peer offering sustainable/ESG equity, fixed income and multi-asset strategies to institutional clients globally; both Mirova and Pictet were named in the 2026 RIBI Global Top-10, and they compete for the same European institutional mandates in sustainable investing.
• DPAM (Degroof Petercam Asset Management): Belgian sustainable/conviction-driven asset manager co-listed with Mirova in the 2026 RIBI Global Top-10; DPAM offers comparable equity and fixed income sustainable strategies distributed across European institutional and private banking channels, making it a direct competitor for the same conviction-led ESG client base.
• CANDRIAM: CANDRIAM is a Belgian/European sustainable asset manager also named in the 2026 RIBI Global Top-10 alongside Mirova; it offers comparable active equity, fixed income and multi-asset ESG strategies and competes directly for European institutional sustainable mandates.
• Impax Asset Management: London-listed Impax is a specialist sustainable investment manager focused on listed equities and private infrastructure (renewables, energy transition); it directly overlaps with Mirova's sustainable equity and energy transition infrastructure strategies and serves a similar institutional client base.
• Generation Investment Management: Founded by Al Gore, Generation IM is a pure-play sustainable investment manager offering listed equity and private equity strategies; it is highly comparable to Mirova's conviction-driven, mission-led public and private equity strategies targeting institutional LPs.

Broad incumbents

• Amundi: Amundi is Europe's largest asset manager with broad sustainable investing capabilities spanning equities, fixed income and infrastructure; it overlaps with Mirova in multi-asset and ESG institutional mandates and competes in the same RIBI rankings and Lipper award categories.
• Robeco: Dutch asset manager Robeco offers a broad range of sustainable equities, fixed income and multi-asset strategies globally; it competes with Mirova for institutional sustainable mandates in Europe and Asia and has a similarly long track record in ESG integration.
• AXA Investment Managers: AXA IM is a large European incumbent with significant green bond, sustainable equity and infrastructure offerings; it overlaps with Mirova in fixed income, energy transition infrastructure and institutional distribution, particularly for European pension fund and insurance clients.
• Schroders Capital (Schroders): Schroders Capital is a major global asset manager with growing sustainable and infrastructure capabilities; it overlaps with Mirova in listed sustainable strategies and increasingly in energy transition private markets, competing for the same institutional European and Asian mandates.

Emerging players

• Triodos Investment Management: Dutch sustainable/impact investment manager with listed and private debt/equity strategies focused on energy transition, food and agriculture; comparable to Mirova's natural capital and emerging-markets energy transition strategies, particularly in Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/MirovaSustainableInvestment
• LinkedInlinkedin.com/company/mirova
• Instagraminstagram.com/mirova_sustainable_investment
• Xx.com/mirova_ri

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments65 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mirova