creating sustainable value www.mirova.com an expertise of
: Responsible investment solutions for sustainable development Towards a sustainable development model: a vital economic requirement Depletion of natural resources, global warming, 925 million people suffering from undernutrition (1)... the current economic development model is no longer sustainable. Driven by their awareness of these issues, some companies are creating innovative products and services that are real levers of growth over the long term. These initiatives are currently not being given the credit they deserve, and are underrated in particular by financial markets, which remain focussed on the short term. A new approach to responsible investment For, Natixis Asset Management's responsible investing division, responsible investment is a necessary lever for sustainable development. aims to provide solutions to clients who are concerned about the sustainability of their investments, in order to create long-term value. Connection between finance and real economy: investing in the business models that will shape our future. Value creation: identifying durable assets that are likely to generate long-term performance. Responsibility and engagement: becoming actively involved in improving company, industry and financial practices. Philippe Zaouati Natixis AM deputy CEO, Head of "We are convinced that we need to see finance from a new perspective in order to better understand the risks and opportunities of a changing world " a unique offering built on 4 pillars Listed Equities Infrastructure Impact Investing (2) Voting & Engagement also provides investment solutions on other types of asset classes, in particular fixed income products, by applying its ESG (3) research. (1) Source: Food and Agriculture Organization of the United Nations, 09/2010. (2) Impact Investing: Investing with a social and/or environmental impact. (3) ESG: Environment, Social/Societal and Governance.
Diversity, expertise and sharing: vision "All of our internal and external research resources aim at generate investment ideas that respond to sustainable development issues." Multidisciplinary experts driven by a common vision draws on the expertise of some 40 specialists with complementary backgrounds: experts on thematic strategies, engineers, financial and ESG (1) analysts, and project finance and solidarity finance professionals. These specialists work collaboratively and share the same ambition: to identify the drivers of sustainable economic development. Hervé Guez Head of responsible investment research, Sharing knowledge and experience In order to build a thorough understanding of global technological, political, regulatory and social conditions, s research teams benefit from various collaborations such as: Long-term relationships with companies management, Tailored research by external brokers, A research partnership with Cambridge University based on idea sharing and joint publications. By actively participating in several international organisations sponsoring SRI initiatives (PRI (2), ICGN (3), IRC (4)...), is constantly seeking to improve financial practices. (1) ESG: Environment, Social/Societal and Governance. (2) PRI: Principles for Responsible Investment. (3) ICGN: International Corporate Governance Network. (4) IRC: Integrated Reporting Committee.
Listed equities Investing in sustainable business models that create long-term value The approach Key figures Proposing a conviction-based fundamental asset management approach on European and global companies that provide innovative solutions to address the challenges of sustainable development. An original approach to market analysis using 8 sustainable investment themes to identify investment opportunities throughout the value chain and across all industries. Energy Health Assets under management of approx. 4 billion (1) 2 nd -largest European asset manager in terms of AuM in open-ended SRI funds (2) A dozen specialists (1) Mobility Buildings and cities Consumption Information and communication technology Finance Resources (1) Source: Natixis Asset Management, as of 30/06/2013. (2) Source: Feri Lipper 04/2013. A selection of "future winners" - businesses that are capable of delivering performance over the long term using business models that adequately address the challenges of sustainable economic development. A thorough analysis of company fundamentals, which involves assessing the quality of their strategic positioning, the quality of their management and their financial strength. Areas of expertise Climate change Environment and health Multithematic offer Jens Peers CIO sustainable equities,
Infrastructure Supporting responsible infrastructure projects The approach Key figures Funding infrastructure projects that address the challenges of sustainable development and generate regular cash flow over the long term. Renewable energy Funds investing in the European renewable energy sector (wind, solar, biomass, etc.). Portfolios of low volatility assets with an objective of high and recurring returns. 1.4 million tons of CO2 emissions avoided through the funded projects (585 MW of clean energy). The expertise and experience of some 10 investment professionals A total commitment of over 360 million* Source: Environment and Infrastructure, as of 30/06/2013. Public-private partnerships Funds investing in public-interest projects within the framework of public-private partnerships. Financing a wide variety of infrastructure projects in France (universities, stadiums, hospitals, urban and rail transportation, etc.) with high potential returns. Significant participation in public-private partnership projects representing an aggregate amount of nearly EUR 6 billion. The Infrastructure financing activity is managed by Environment and Infrastructure, a subsidiary of Natixis Asset Management. * Including e264 million invested in infrastructure projects. Raphaël Lance Head of renewable energy, Environment and Infrastructure Gwénola Chambon Head of infrastructure, Environment and Infrastructure
Impact Investing (1) Reconciling the social and/or environmental impact with a financial return The approach Key figures Investing a portion of the assets in unlisted companies and structures with a strong social and/or environmental impact. Seeking to achieve a social and/or environmental return by funding needs that are inadequately met by traditional financial channels in France. Supporting, via targeted investments: Investors in significant social impact projects Projects in collaboration with renowned partners to assess and monitor funded projects (France Active, Planis ResponsAbility, Sidi ). Over 25 years of experience N 1 in Impact Investing in France (2) and Europe (3) N 1 in France (2) in SRI employee savings funds (2) 2012 Finansol Barometer. Impact investing: of which EUR 55 million invested directly in solidarity organizations. (3) Source: Feri Lipper 04/2013. Supporting job creation Financing companies and solidarity structures that actively contribute to the creation or consolidation of jobs for people who are experiencing difficulties. International microfinance Enabling the most underprivileged to gain access to credit. Multithematic offer Addressing issues related to employment, social needs and housing, environment and international solidarity through a multithematic offering. Christine Lebreton Head of Euro/Europe multithematic equity management and Impact Investing, (1) Impact Investing: asset management with a social/environmental impact.
Voting and engagement Exercising its shareholders responsibility with the guidance from governance and engagement experts The approach Supporting institutional investors and asset managers in exercising their voting rights and implementing engagement actions, the goal being to create long-term value for all stakeholders. A tailor-made advisory service offer based on the following features: Pragmatic: analysis from the investor s perspective, taking into account the macro-economic context and the specific features of the local environment and companies. Responsible: review of resolutions integrating environmental and social criteria. Constructive: on-going dialogue with companies. Key figures 23.6 billion in assets under advisory 150 engagement actions in 2012 Almost 12.000 resolutions reviewed (European, US and Japanese stocks) of which 29% were contested in 2012 (1) Source: Natixis Asset Management, as of 30/06/2013. Areas of expertise Voting policy Resolution analysis Engagement policy and actions Zineb Bennani Head of governance and engagement,
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