Leading European asset manager Amundi announced today the launch of Net Zero Ambition strategies, a suite of passively and actively mangaged funds across a broad range of asset classes, aimed at helping investors to align their portfolios with a net zero trajectory, and enabling the firm to approach its climate investing goals.
The new investment suite is comprised of strategies across asset classes including equities, fixed income, real estate, multi-asset, emerging markets and ETFs.
Equity funds include global and Europe-focused large cap strategies that invest in “Climate Champions,” that are well advanced in carbon mitigation, “Climate Committed” companies taking corrective action to address climate challenges, and “Climate Enablers,” producing technologies and products enabling the low carbon economy.
The new fixed income strategies include a global corporate bond fund focused on companies that have set a net zero trajectory and engaging with companies operating in high-impact climate sectors as they transition to align with net zero, as well as a US corporate bond fund aimed at reducing the carbon intensity of its portfolio and maintaining superior carbon metrics relative to its benchmark, the MSCI US Corporate Paris-Aligned Index.
Additional funds in the suite include a multi-sector and multi-country real estate climate impact strategy committed to maintaining a carbon footprint of the portfolio below a 1.5 C° trajectory model, a multi-asset strategy aimed at reducing portfolio carbon intensity while financing the energy transition, an emerging markets strategy identifying companies most likely to achieve net zero goals and incorporating carbon transition costs into the valuations of companies, and Amundi’s suite of over 30 climate ETFs aligned with the goals of the Paris Agreement.
According to Amundi, the launch of the new climate-focused suite support’s the firm’s “ESG Plan 2025,” which includes goals to increase the proportion of its ESG funds in its investment products, as well as its parent company Crédit Agricole Group’s Societal Project, which is focused on the key priorities of climate, social cohesion and agricultural and agri-food transitions.
Vincent Mortier, Group CIO at Amundi, said:
“Trillions of euros of capital will be needed to speed the path to decarbonisation, which cannot be done by governments alone. The global asset management industry – which is expected to be managing over $145 trillion by 2025 – has the scale to make things happen and trigger the momentum required to get the world to Net Zero.
“This is why, as a European asset management leader, we are launching the Net Zero ambitions range across active, passive, and real assets, so investors can fuel the transition and put their savings to work, while earning investment returns. It is also critical to provide investors with a wide range of choices in order to help them align their investments to a Net Zero decarbonisation pathway.”