Mirova, an affiliate of Boston and Paris-based Natixis Investment Managers, is putting its money where its mouth is as it pertains to issues such as gender equality.
Today, the sustainable investment company’s coalition of 66 investors, representing more than 4 trillion euros in assets under management, agreed to support women’s empowerment and gender equality in the workplace in a new statement. The statement is in alignment with the Women’s Empowerment Principles set forth by the United Nations Women division and the U.N. Global Compact.
While the U.N.’s Sustainable Development Goals count “gender equality” and the empowerment of “all women and girls” in its repertoire of 17 goals, Mirova finds a need for further progress.
Citing the underrepresentation of women in top-level managerial roles as an “urgent challenge,” Philippe Zaouati, Mirova’s chief executive officer offered more insight. “We believe that a company that promotes and takes decisive and concrete actions toward gender equality is a company that will create value not only for its investors but for all of the stakeholders,” Zaouati said in a statement.
Aligning with the WEP’s strategic framework, the statement will be disseminated to a large set of global companies, signaling the importance of issues such as gender equality and environmental health to its investor community.
Hybrid investment firms have risen to the forefront as the fashion industry starts to look toward investments in technology and textile innovations and innovative business models. Some of these platforms and venture capital firms include The Mills Fabrica Fund, Giant Leap Fund, Closed Loop Partners, among others.
Deploying a framework as one that doesn’t serve to audit, but rather incentivizes, is key for scalable impact. This is outlined in the Global Fashion Agenda’s Pulse of the Fashion Industry report, completed in part with the Boston Consulting Group and the Sustainable Apparel Coalition.
“It’s a triple win proposition, with better investments for investors; impact-driven change by investees; and decent work, opportunities and decision-making that empower women and girls,” Phumzile Mlambo-Ngcuka, under-Secretary-General of the United Nations, and executive director of U.N. Women, said in a statement.
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