Skip to main content
MENU
Subscribe
  • Subscribe
  • Account
  • LOGIN
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE Act 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2022 Retirement Income Conference
    • 2022 Managing Pension Risk & Liabilities
    • 2022 WorldPensionSummit
Breadcrumb
  1. Home
  2. ESG
October 08, 2018 01:00 AM

Amundi announces 3-year plan to go all in on responsible investment

Sophie Baker
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print

    Amundi will apply an environmental, social and governance policy to 100% of its money management and voting practices by the end of 2021 and is set to develop ESG advisory services for institutional clients.

    The €1.4 trillion ($1.6 trillion) firm announced Monday it had adopted a three-year action plan to increase its commitment to responsible investment.

    By 2021, ESG analysis will be integrated across all strategies run by the manager. Financial analysis using ESG criteria will be extended across active and passive strategies wherever technically possible.

    All actively managed strategies will also be required to offer ESG performance above the ESG rating of their benchmark indexes or universes; while ESG assets under passive management will double in AUM to at least €70 billion over the period.

    Those asset classes "currently poorly served by responsible investment," such as emerging markets, high yield, and small- and midcap equities, will fully incorporate the Amundi ESG analysis, the announcement said.

    ESG performance will be systematically taken into account by the manager when it conducts shareholder dialogue with issuers and in its voting policies by the end of the three-year period. Amundi said it will strengthen its ESG advisory activities for institutional clients to support them in their development initiatives.

    Before 2022, Amundi also wants to strengthen its initiatives related to the environment and with a strong social impact, aiming to double investments in such thematic strategies to €20 billion. Investment in the social and solidarity economy, which improves the quality of life of a region or community through local businesses and not-for-profit work, will increase to €500 million from €200 million.

    Amundi already has €280 billion, or 19%, of its total assets invested in three areas. The firm has €270 billion invested under a policy of applying ESG criteria in addition to traditional financial analysis, with a dedicated team rating issuers with an ESG score. The policy helps to inform portfolio weights or exclusions.

    In the second area, the firm has €10 billion invested in dedicated strategies with targeted investments, such as tackling climate change. A further €200 million strategy supports the social and solidarity economy.

    "Since its creation, Amundi has chosen to make responsible investment one of the company's founding pillars," CEO Yves Perrier said in the announcement. "This was based on two convictions: the responsibility companies and investors have to society, and that this is guarantee of long-term financial performance. This three-year plan extends our commitment to responsible investment and anticipates the expectations of our clients."

    The enhanced approach leverages work by the Medici Committee think tank, which is dedicated to responsible finance and aims to address major societal issues under the angle of finance.

    Related Articles
    Amundi AUM increases 1% in quarter, 7.5% for year
    Mirabaud Asset Management chooses first head of ESG
    Institutional support grows for ESG, political spending transparency, report sh…
    Amundi's assets inch up in quarter, rise 5.4% for year
    Amundi adds head of strategy and development for ETFs, indexing, smart beta
    Amundi's AUM down 3.4% in fourth quarter, flat for year
    Amundi chooses head of absolute return for global fixed income
    Recommended for You
    Hagg_Kelly750_i.jpg
    Nuveen adds head of responsible investing strategy and solutions
    Green data
    Asset owners push for portfolio-level metrics for net-zero goals – Cerulli
    Brad_Lander_i.jpg
    NYC's comptroller strikes back at Republicans' ESG criticisms
    Private Markets
    Sponsored Content: Private Markets

    Reader Poll

    August 10, 2022
    SEE MORE POLLS >
    Sponsored
    White Papers
    Gaining Momentum: Where Next for Trend-Following?
    The market opportunity in U.S. residential mortgage-backed securities
    Credit Indices Evolve with Enhanced Data Inputs
    Hedge Funds 2.0: Back to the future
    How Has 2022's Carnage Reshaped Global Stock and Bond Markets?
    Crossroads: Politics, Inflation, & Bonds
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    August 1, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE Act 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2022 Retirement Income Conference
      • 2022 Managing Pension Risk & Liabilities
      • 2022 WorldPensionSummit