EIB proposes investment in Mirova fund

The European Investment Bank has disclosed a proposed investment of €5 million in the Mirova Sustainable Land Fund II, managed by Mirova.

The fund will provide long-term financing to sustainable land use projects in developing countries. Investments will mainly cover sustainable forestry, agroforestry and regenerative agriculture, including other sustainable land-use projects (e.g. green infrastructure and ecotourism).

The fund has a target size of €350 million.