Asset manager Amundi announced today that it has appointed by AMX by Carne as the investment manager of its new Asia Climate Bond strategy, which launched this month with initial capital of $203 million.
The new strategy will invest in fixed-income instruments selected according to the AIIB-Amundi Climate Change Investment Framework (CCIF). Co-developed and launched by Amundi and the Asian Infrastructure Investment Bank (AIIB) in 2020, the framework is a benchmark investment tool that aims to assess climate change risks and opportunities in line with the objectives of the Paris Agreement at the issuer-level, enabling investors to discover opportunities not yet priced in to the market. The framework translates key climate objectives, climate change mitigation, adaptation and low-carbon transition, into fundamental metrics that can be used to measure an issuer’s alignment with these goals.
Jean-Jacques Barbéris, Head of Institutional and Corporate Clients Division & ESG at Amundi, said:
“As a leading responsible investment manager, Amundi is pleased to see that the AIIB-Amundi Climate Change Investment Framework is being adopted by institutional investors. It equips them with a new tool to assess the level of issuers alignment with climate change mitigation, adaptation, and low-carbon transition objectives, which will be fundamental to contributing towards meeting the objectives of the Paris Agreement.”
Mark Stockley, Chief Business Development Officer at Carne, added:
“We are delighted to partner with Amundi and AIIB to bring this innovative framework to market through the Asian Climate Bond strategy, supporting investors’ desire to address climate change through their investment portfolios.”