French asset manager Mirova is asking the 600 largest listed firms in Europe to adopt international frameworks for nature reporting and to set science-based targets for contributing to nature restoration and conservation. Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investment, has written to all firms in the STOXX 600 index ahead of the 2025 AGM season. The firm said it wanted to encourage large companies to demonstrate ambition by utilising the reporting framework of the Taskforce on Nature-related Financial Disclosures and to report biodiversity as a material issue under the EU’s Corporate Sustainability Reporting Directive. Mirova also urged companies to fulfil their commitment to preserving natural ecosystems by setting science-based targets aligned with standards such as the Science-Based Targets for Nature. The campaign follows a similar one conducted last year, which focused on firms in France’s CAC-40 index. It is part of Mirova’s overall engagement strategy, which involves active dialogue with companies throughout the year, targeted action in high-impact sectors, and “ongoing participation in the development of the best frameworks”. According to Mirova, the vast majority of firms contacted in 2024 were able to demonstrate advanced approaches on nature and biodiversity. “Despite some disparity, the initiative fostered a constructive and promising dialogue, the results of which are expected to manifest progressively over the long term,” it said. “By expanding our engagement campaign to STOXX 600, we aim to strengthen our direct dialogue with the companies in our portfolio in a constructive manner to improve their consideration of biodiversity issues, which, like climate change, should be integrated into the core strategy of each company,” said Louise Schreiber, Head of Sustainable Development Research – Listed Assets.
