Amundi, Europe’s largest asset manager by AUM, announced today that it will use CDP’s temperature ratings dataset, adding to its ESG toolset to assess the sustainability of the companies in its investment universe. With this announcement, Amundi becomes the first company to use CDP’s newly launched rating tool, as part of an innovative collaboration with CDP.

The CDP temperature ratings dataset provides a temperature pathway for over 4,000 global companies, based on emission reduction targets covering all relevant GHG emissions in a company’s value chain. CDP stated that this data is key for investors to better manage climate transition risk and future-proof their portfolios and funds from costly climate change.

Amundi stated that as part of its ESG research toolbox, the CDP temperature ratings will bolster the firm’s forward-looking assessment capabilities in order to identify priorities and the degree of action required, notably through engagement with companies across the investment universe to set more ambitious, science-based emissions reduction targets. At launch, the ratings will be piloted on four global multisector equity funds, which have their own investment objectives.

Jean-Jacques Barbéris, Member of the Executive Committee & Head of Institutional Clients Coverage and ESG at Amundi said:

“We are proud to partner with CDP for this initiative. Investors need to back the companies that are supporting a faster transition of our economy to a low-carbon model, and encourage others through targeted engagement.

“Mobilization and concrete action can only be achieved through a common understanding of the target impacts set by companies, and a recognition of the remaining required efforts. CDP’s new temperature ratings support this collective journey as the economic & financial ecosystem develops new methodologies and data. By being better equipped, investors can future-proof their investment universe from the impact of climate change and improve corporate dialogue.”