Mirova invests in sustainable land use projects

Mirova has announced investments in three new projects supporting agroecological transition in Brazil, Morocco and the Philippines.

Following the closing for their fund dedicated to sustainable land use at more than $200 million, Mirova has unveiled three new investments representing a commitment of over $38 million.

• Atlas Fruits (Morocco): supporting the development of Atlas Fruits Company to implement sustainable practices in the citrus production sector in Morocco, with a particular focus on water resource management. The LDN fund, managed by Mirova, will acquire a minority stake in Atlas Fruits Company to improve irrigation systems, set up agroforestry systems, and develop precision farming in existing orchards.

• Aloe Agroflorestal (Brazil): a partnership between Mirova and the French group SLB to develop land restoration projects, with a focus on the use of biochar. This first investment in Brazil aims to restore up to 2,000 hectares of degraded land through sustainable forestry practices.

• Kennemer Food (Philippines): supporting Kennemer’s implementation of sustainable agroforestry practices in the cocoa and fruit sectors in the Philippines, in partnership with more than 19,000 independent producers.

With these three new investments, the fund’s portfolio now includes nine projects and programs in 11 countries (Bhutan, Brazil, Colombia, Ghana, Kenya, Laos, Morocco, Nicaragua, Peru, the Philippines, and Sierra Leone) in diversified value chains (wood, coffee, cocoa, fruits, and nuts, etc.).