Overview
Lobbying Costs
75,000€
Financial year: Jan 2019 - Dec 2019
Lobbyists (Full time equivalent)
0.25 Fte (1)
Lobbyists with EP accreditation
0
High-level Commission meetings
4
Lobbying Costs over the years
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Info
MIROVA
EU Transparency Register
529694124663-30 First registered on 23 Nov 2016
Goals / Remit
Asset management company, subsidiary of Natixis.A key player in sustainable finance, Mirova is an asset manager that provides its clients with investment solutions that aim to reconcile financial performance with positive environmental and social impact. Our multi-disciplinary teams, united around a common vision, our diverse areas of expertise and our ability to innovate and establish partnerships with key experts mean we are positioned to steer capital towards the investment needs of a real, sustainable, and value-creation economy. Our team is made up of more than 100 people based mainly in Paris, Boston, Luxemburg and London. https://www.mirova.com/en/about-us/our-team
Mirova manages EUR 14.1 billion in assets under management in 2020, in equities, bonds, infrastructures, impact investing and natural capital.Main EU files targeted
Philippe Zaouati, Mirova CEO, has been a member of the High Level Expert Group on sustainable finance. Identified areas of interest within the work of the HLEG are: support the development of long-term oriented finance for sustainability, transparency and ESG disclosure for corporates and for the financial sector (TCFD, article 173), development of sustainable finance for retail investors with reliable and high quality standards and labels, development of blended finance for sustainable development. Mr.Zaouati was supported by Ms Laurene Chenevat, Policy and advocacy officer, during the HLEG. They both keep following the development of the EU action plan on sustainable finance although less actively than during 2017. Ms Chenevat is a member of the Ecolabel stakeholder group for financial products, bringing Mirova's feedback and experience of the French Greenfin label so as to help make the EU label both ambitious and realistic.
Since the end of 2018, Manuel Coeslier, portfolio manager at Mirova, has been a member of the Technical Expert Group (TEG) set up by the EU Commission in order to define some methodological aspects of the EU regulatory package; he is an expert for carbon benchmarks. He has been one of the main drafters of the TEG's public report on climate benchmarks, released in September 2019.
In 2020, Mirova's advocacy activities at the EU level have been much more limited, with final contributions of Manuel Coeslier to the TEG's works on climate benchmarks and some answers to public consultations.Address
Head Office
59 avenue Pierre Mendès France
Paris 75013
FRANCE -
People
Total lobbyists declared
1
Employment time Lobbyists 25% 1 Lobbyists (Full time equivalent)
0.25
Lobbyists with EP accreditation
No lobbyists with EP accreditations
Complementary Information
In 2016, Mirova engaged mainly at the French level.
In 2017 (reported year), Mirova's CEO has dedicated time to the EU High Level Expert Group on Sustainable Finance through it's CEO (who dedicated less than 25% of his time) and Mirova's advocacy officer (who dedicated more than 50% of her time).
In 2018 and in 2019, Mirova's CEO and Mirova's policy and advocacy officers have spent more time on the French and international context than on the European level and their time on European advocacy has been extremely limited. Manuel Coeslier as a member of the TEG has spent more time on European policy issues to better define what could be European climate benchmarks, dedicating almost 20% of his working time.
In 2020, with the TEG's work being finalised, Mirova has been much less involved at the EU level (less than 10% of 1 expert's time for the first half of the year, and then contributions to the EU public consultations on ESG disclosure, including a few phone calls with the Commission to support the principle of ESG disclosure for financial markets participants and suggest alternative and meaningful indicators (our responses are public).Person in charge of EU relations
Data not provided by Register Secretariat due to GDPR
Person with legal responsibility
Data not provided by Register Secretariat due to GDPR
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Categories
Category
II - In-house lobbyists and trade/business/professional associations
Subcategory
Companies & groups
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Networking
Affiliation
All information available in Mirova's engagement report (chapter 3):
Please consult more specifically pages 55 and 56 for Mirova's contribution to industry associations and support to sustainable finance initiatives
https://www.mirova.com/sites/default/files/2020-04/MirovaEngagementReport2019.pdfMember organisations
None declared
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Financial Data
Closed financial year
Jan 2019 - Dec 2019
Lobbying costs for closed financial year
75,000€
Other financial info
Mirova's activity at the EU level were more intense in 2017 during the HLEG, with the involvement of Mirova's CEO during the HLEG on sustainable finance. in 2018 and 2019, these activities have been limited mainly to the contribution of a portfolio manager to the Technical Expert Group (TEG) on climate benchmarks. Costs and activities reported are based on an estimate that takes account of wages on a full-taxes basis paid by the company.
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EU Structures
Groups (European Commission)
Technical expert group on sustainable finance #E03588 #http://ec.europa.eu/transparency/regexpert/index.cfm?do=groupDetail.groupDetail&groupID=3588 #Member #C#Low carbon benchmarks
Groups (European Parliament)
N/A
Communication activities
All details on Mirova's advocacy activities are available in its engagement report (chapter 3)
https://www.mirova.com/sites/default/files/2020-04/MirovaEngagementReport2019.pdfOther activities
None declared
Meetings
Meetings
4 meetings found. Download meetings
The list below only covers meetings held since November 2014 with commissioners, their cabinet members or directors-general at the European Commission; other lobby meetings with lower-level staff may have taken place, but the European Commission doesn't proactively publish information about these meetings. For more information about which commissioner is responsible for which portfolio, check out this link: https://commissioners.ec.europa.eu/index_en All information below comes from European Commission web pages.
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Date 02 Feb 2023 Location Online meeting Subject SFDR Cabinet Cabinet of Commissioner Mairead Mcguinness Portfolio Financial services, financial stability and Capital Markets Union Attending - Katherine Power (Cabinet member)
Other Lobbyists -
Date 15 Oct 2019 Location Brussels, Belgium Subject Sustainable Finance: progress and future strategy DG Financial Stability, Financial Services and Capital Markets Union Attending - Olivier Guersent (Director-General)
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Date 10 Apr 2018 Location Brussels, Belgium Subject Sustainable Finance: Taxonomy, Disclosure, Investor duties Cabinet Cabinet of Vice-President Valdis Dombrovskis Portfolio Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union Attending - Elina Melngaile (Cabinet member)
- Valdis Dombrovskis (Vice-President)
Other Lobbyists -
Date 28 Feb 2018 Location Brussels Subject sustainable finance DG Financial Stability, Financial Services and Capital Markets Union Attending - Olivier Guersent (Director-General)