BACKGROUND / Academic and professional background
Philippe Zaouati is CEO of Mirova, a BPCE owned asset management company dedicated to responsible investments, of which he was at the origin of the creation. Mirova AUM are about 4bn € across asset classes, including equities, bonds, impact investing and infrastructure.
He was formerly Deputy CEO of Natixis Asset Management, one of the asset management company of BPCE Group with 294bn € AuM, where he was responsible for business development and responsible investments. He had before different responsibilities within CDC Group, La Banque Postale and Credit Agricole.
Philippe Zaouati is graduated from the Statistics and Economics School (ENSAE) and member of the French Actuaries Society.
ACHIEVEMENT / What is your project, initiative, startup, company all about?
Mirova has developed a specific offer dedicated to impact investing which aims at investing in projects with a genuine social utility, especially projects targeting underprivileged populations. This offer was designed to meet the needs of institutional investors and retail investors. Mirova manages around 100 millions € in relationship to these projects.
LOCATION/ In which city, country, part of the world do you conduct your activities ?
Social impact projects in which Mirova invests are located mainly in France. Some investments are done in the microfinance sector in developing countries.
IMPACT/ What is the positive economic, social, political, environmental…of the activity, project, initiative, startup, company ?
These investments aim at supporting and financing the growth of projects and initiatives whose funding needs cannot be met through classical equity and debt financial products. In the end, these investments contribute to generate numerous and various impacts in different sectors: local economic development, job creation and/or consolidation, access to social housing, insertion of people in difficult economic or social situation, integration of disabled people, financial inclusion…
QUOTE/ A saying, quote or reference phrase that tells something about you
The traditional market mechanisms are not capable to meet all needs, those needs which require social innovation. The financial sector, more especially impact investing can contribute to provide social entrepreneurs with funding and ensure a financial gain for a social change.