COP22: The LDN Fund Project and the AAA Initiative join forces to support land rehabilitation in Africa
The Initiative for the Adaptation of African Agriculture to Climate Change (AAA) and the Land Degradation Neutrality (LDN) Fund Project1 join forces to support land rehabilitation in Africa. Within the project development framework of the LDN Fund, which is co-developed by the UN Convention to Combat Desertification (UNCCD) and the responsible investing firm Mirova, with the support of the European Investment Bank (EIB), Mirova has concluded a partnership agreement with the Ministry of Agriculture and Fisheries of the Kingdom of Morocco related to the AAA Initiative. It aims at helping African smallholder farmers to restore degraded land and avoid further degradation of fertile land.
The partnership was formalized through a Memorandum of Understanding on the occasion of the 22nd session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP22) that is taking place in Marrakesh, Morocco.
Mirova, an asset management company wholly owned by Natixis Asset Management1, brings to bear almost 30 years of experience in Socially Responsible Investing (SRI). Mirova offers a conviction-driven approach in order to combine value creation with sustainable development with a unique and global product offering: listed equities, fixed income, infrastructure, impact investing, voting and engagement. With 63 employees, Mirova has €6 billion in assets under management2.
1 Since 01.01.2014.
2 Source : Natixis Asset Management as at 30 June 2016
A subsidiary of Natixis Asset Management
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