Mirova Sustainable Land Fund 2 SLP RAIF
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
Mirova Sustainable Land Fund 2 (MSLF2) is a close-ended hybrid fund with a target size of EUR 350mln, recently launched by Mirova. The Fund Manager is Mirova, the impact investment arm of Natixis Investment Managers.
What is our funding objective?
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.
Why do we fund this investment?
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.
What is the Environmental and Social categorization rationale?
Because of the global mandate, restrictions related to the Fund’s exclusion list, as well as its forestry and regenerative agriculture and agroforestry sector focus, the Fund’s E&S risk categorization is classified as 'Private Equity Risk Category A'. However, it should be noted that Category A investee companies are not pursued, and the investments sizes are relatively small. E&S risks most likely to be encountered at the investee level are expected to relate to IFC PS 1 to 4 (Risk management, Labor, Resource efficiency, and Community), PS 5 (Land Acquisition), PS 6 (Biodiversity), and PS 7 (Indigenous People). In addition, there are risks associated with human rights contexts in some areas of operation. Mirova, the investment house, has developed a robust E&S management system that is applied at the fund level. It requires the team to integrate and document E&S analysis throughout the entire investment process and ensures alignment with FMO's E&S requirements, including compliance with: (i) the IFC exclusion list, (ii) local environmental, health & safety and labor laws and regulations, and (iii) IFC Performance Standards and ILO Core conventions.
More investments
| Date | Total FMO financing |
|---|---|
| 7/17/2025 | EUR 10.00 MLN |
- Website customer/investment
- https://www.mirova.com/fr
- Region
- Latin America & The Caribbean
- Country
- Latin America & The Caribbean
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 7/30/2025
- Effective date
- 7/17/2025
- Total FMO financing
- EUR 10.00 MLN
- Funding
- Building Prospects
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A