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On the occasion of COP15, the global biodiversity conference taking place in Montreal, the international luxury group Kering and the high-end cosmetics brand L’Occitane announced the joint creation of the Climate Fund for Nature.
Since December 7 and until December 19, the Conference of the Parties (COP 15) of the Convention on Biological Diversity is taking place in Montreal. It was during this event that Kering, the world’s second largest luxury goods company, and the French cosmetics brand L’Occitane announced the creation of a partnership to set up a fund called the Climate Fund for Nature. Its aim is to inject significant capital into the protection and restoration of nature.
Out of a target of 300 million euros in the long term, 140 million has already been committed. In order to intensify the fund’s positive impacts on the ground, it will be open to other corporate partners. It will be managed by Mirova, a subsidiary of Natixis Investment Managers, dedicated to responsible investment.
Announced today, this financial partnership will begin operations in the first quarter of 2023. It will aim to support high quality projects dedicated to the protection and restoration of nature. The fund will also support farmers in their transition to regenerative agriculture, which aims to improve the agricultural ecosystem, of which the soil is the fundamental element. In addition, it will deliver carbon credits and generate co-benefits for communities with a particular focus on promoting women’s independence.
The French group Kering, owned by François Pinault, and L’Occitane, which has its roots in Provence, have been working for many years to protect nature by adopting responsible commitments. Their economic and sustainable alliance is bound to change the fashion and cosmetics industry.
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On the occasion of COP15, the global biodiversity conference taking place in Montreal, the international luxury group Kering and the high-end cosmetics brand L’Occitane announced the joint creation of the Climate Fund for Nature.
Since December 7 and until December 19, the Conference of the Parties (COP 15) of the Convention on Biological Diversity is taking place in Montreal. It was during this event that Kering, the world’s second largest luxury goods company, and the French cosmetics brand L’Occitane announced the creation of a partnership to set up a fund called the Climate Fund for Nature. Its aim is to inject significant capital into the protection and restoration of nature.
Out of a target of 300 million euros in the long term, 140 million has already been committed. In order to intensify the fund’s positive impacts on the ground, it will be open to other corporate partners. It will be managed by Mirova, a subsidiary of Natixis Investment Managers, dedicated to responsible investment.
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On the occasion of COP15, the global biodiversity conference taking place in Montreal, the international luxury group Kering and the high-end cosmetics brand L’Occitane announced the joint creation of the Climate Fund for Nature.
Since December 7 and until December 19, the Conference of the Parties (COP 15) of the Convention on Biological Diversity is taking place in Montreal. It was during this event that Kering, the world’s second largest luxury goods company, and the French cosmetics brand L’Occitane announced the creation of a partnership to set up a fund called the Climate Fund for Nature. Its aim is to inject significant capital into the protection and restoration of nature.
Out of a target of 300 million euros in the long term, 140 million has already been committed. In order to intensify the fund’s positive impacts on the ground, it will be open to other corporate partners. It will be managed by Mirova, a subsidiary of Natixis Investment Managers, dedicated to responsible investment.
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