Maxime Dumas

Another important step on the journey to build out our advisory practice globally.

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#TheWeekAhead : "No magic dwells in this beginning" The euro put in a somewhat weaker performance one day after the European parliament elections, with local equity markets following suit. After an EU parliament election that turned out more of less as expected, the snap elections in France are a genuine surprise. While the economic environment has lost some of its magic, disinflation has come to a standstill in recent months. Monetary policymakers have no easy task ahead of them. While technical indicators point to a relatively calm picture, there are plenty of reasons for greater volatility in view of divergent monetary policy and heightened uncertainty in Europe. Read more in our latest “The Week Ahead” by Allianz Global Investors

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Happy to share AEFR answer to the EBA consultation on ESG guidelines, provided on the back of our november 2023 debate paper : Transition plans are a crucial tool to enable transition finance, and build trust in ESG commitments. However, the EBA proposal to define a "prudential transition plan", separate from the "non-prudential" transition plan already provided for in CSRD and CSDDD, makes no sense, and unfortunately adds further confusion to the already very complex EU ESG regulatory framework. For a given financial institution, there can be only ONE transition strategy, ONE transition business plan, ONE set of scenarios, metrics and targets, ONE ESG governance underpinning them. Instead of "reinventing the wheel", the EBA should focus on how to incorporate the transition plan, as defined in CSRD, in the risk management framework, ie how transition plans can inform ESG risk analysis, scenarios analysis, including providing guidance on the transmission channels of ESG risks to potential financial losses. At the margin, additional or more granular risk-related metrics may be necessary for supervisionbpurposes, as an additional, undisclosed, building block. Along those lines, transition plans should be approached as ESG risk mitigants, and be reflected in the dynamic balance sheet approach to assess medium and long term vulnerabilities.

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📣 Mirova exceeds €200 million in commitments for the final closing of its first private equity fund - Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, announces the final closing of its first impact private equity fund, Mirova Environment Acceleration Capital (MEAC). - In 2021, Mirova launched its dedicated impact private equity strategy, aiming to combine financial returns with support for the environmental transition. - Marc Romano, Head of Impact Private Equity, Mirova: “With this first private equity fund, we are proud to have delivered on our ambitions to invest in unlisted companies displaying a high environmental impact. - The strategy focused on deploying ‘acceleration capital’ to grow sustainable businesses by addressing key growth trends and supporting innovative solutions. - Two years after its launch, Mirova Environmental Acceleration Capital (MEAC) raised €211m in commitments, 30% of which came from private clients attracted by the fund's multi-thematic approach under SFDR Finance 🇪🇺 Article 9. - MEAC is based on five investment pillars: clean energy, circular economy, natural resources, agri-agro technologies, and smart cities. - The fund has already deployed over €80m in 10 companies across Europe and North America and completed one exit. - MEAC has been awarded the Greenfin label and is eligible for the Tibi initiative. - Following MEAC, Mirova launched a second private equity fund called Mirova Impact Life Essentials (MILE), focused on societal impact. - MILE aims to support French and European companies in four themes: knowledge & know-how, well-being & health, responsible consumption, and diversity & inclusion. - Mirova aims to provide institutional and retail investors with attractive long-term returns and risk diversification, contributing to ecological and social transitions. - MILE is intended to be positioned under SFDR Article 9, like Mirova's other strategies. - MEAC has invested in companies like: - Ombrea : specialized in crop management and protection against climatic hazards. - Tallano Technologies: patented system for capturing fine particles from braking systems. - Agronutris: biotech focused on producing insect proteins for aquaculture and pet food. - Vestack: expertise in low-carbon building design and construction. - Naïo Technologies: agricultural robotics to mitigate labor shortages. - Norsepower: mechanical sails for decarbonizing maritime cargo ships. - Nuventura: manufacturer of high-voltage switchgears with alternatives to pollutants like SF6. - Waste Robotics: autonomous robots for sorting centers. - NLine Energy, Inc.: developer of energy efficiency projects using backpressure turbine technology. - GridBeyond: virtual power plant operator helping decarbonize industrial energy mixes.

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PRESS RELEASE | Ardian is launching a free, public version of Ardian AirCarbon, its proprietary emission quantification and reduction tool for the aviation industry. This open platform is the first platform showing average daily carbon emissions per country and aircraft efficiency indicators for most commercial airports worldwide. Through its direct infrastructure investment activities, Ardian has significant experience in owning and operating European airports and has always put the net zero target for the industry by 2050 at the heart of its strategy, as detailed in the study published in 2022, The Fight for a Net Zero Aviation. As part of this strategy, Ardian AirCarbon has been developed since 2019 by Ardian's Data Science team and IT team in close collaboration with our portfolio airport teams. “Making Ardian AirCarbon public and available to all stakeholders is an important step in supporting the transition to a more sustainable industry. As a long-term investor and shareholder in airports, it is our duty to help secure the future of aviation for the next generations and to meet the goals of the Paris Agreement. We look forward to working with the entire aviation ecosystem to control emissions, because collectively we need to act now.” Mathias Burghardt, Executive Vice-President and Head of Infrastructure, Ardian Learn more → https://lnkd.in/gXS_bx9f Read the announcement → https://bit.ly/3Kn2Trq   #AirCarbon #SustainableAviation #NetZeroAviation #DataScience #Infrastructure Ardian Infrastructure Pauline Thomson

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