FMO has committed €10 million to the Mirova Sustainable Land Fund 2 (MSLF2), a closed-end hybrid vehicle targeting €350 million. The fund is managed by Mirova, the impact investment subsidiary of Natixis Investment Managers.
Mirova Sustainable Land Fund 2 (MSLF2) is a close-ended hybrid fund with a target size of €350mln, recently launched by Mirova. The Fund Manager is Mirova, the impact investment arm of Natixis Investment Managers.
MSLF2 provides long-term financing for sustainable land use projects and companies that support the certified production of food and fiber value chains through sustainable forestry and sustainable agricultural practices. The Fund targets positive impacts in terms of climate mitigation and adaptation, biodiversity protection, community inclusion, and gender equality, and has an existing pipeline across Africa, Asia and Latin America.
By investing in MSLF2, FMO gains diversified exposure to a wide range of countries across the globe in sustainable forestry and agribusiness sectors. This investment is 100% Green label, as MSLF2 is in line with Climate Mitigation and Biodiversity objectives of FMO’s Green Label, supported by international certifications such as the Rainforest Alliance and FSC. The 100% Reducing Inequality label also applies, based on MSLF2's gender approach and its alignment with the 2X criteria at both the fund and portfolio levels.