Amundi pushes its sustainable finance policy a step further

Posted on Dec 9, 2019 2021 at 7:00Updated Dec 9, 2019 2021 at 7:15

Responsible investing is “becoming the norm in Europe” in asset management. Faced with this observation and the massive flows of savings captured by so-called “sustainable” funds, Amundi, the continent’s leading player, unveiled on Wednesday a new ESG (environmental, social and governance) roadmap. With two main areas of “acceleration” by 2025: its range of products (environmental ratings, ESG index funds, impact investments) and its policy of engagement with companies in which its funds are shareholders.

“Our 2018-2021 ESG plan has already enabled us to achieve a leadership position in responsible investment,” said Valérie Baudson, Chief Executive Officer of Amundi. Over the first nine months of 2021, the listed subsidiary of Crédit Agricole almost doubled its assets, incorporating ESG criteria, according to its own methodology. They reached 802 billion euros, or 44% of the group’s total assets. They also cover 100% of the assets of open funds (excluding mandates and dedicated funds) actively managed (as opposed to ETFs), i.e. 400 billion euros.

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