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The world is becoming ever more aware of the very real impact climate change and the associated legislation are likely to have on portfolio returns. At Amundi, we’ve developed a number of initiatives to provide our investors with opportunity to participate in the transition to a low carbon economy and/or to mitigate the associated financial risk.
The Portfolio Decarbonization Coalition (PDC - read more below) has largely exceeded its ambitions only a year after launch. At beginning of December 2015, the PDC totaled 25 members representing 9 countries with $600bn in reduced carbon investments vs $100bn announced at launch.
Major players, such as Allianz and ABP, have joined the PDC during the Climate conference in Paris.
With these two major European institutions, it reinforces the messages:
With key partners and institutional investors such as AP4, CDP (Central organisation for carbon data) and the United Nations Environment Programme’s financial initiative (UNEP FI), Amundi is involved in a multiparty initiative: the Portfolio Decarbonization Coalition 1.
In parallel, Amundi has developed innovative solutions.
Low Carbon index funds
Partnership with EDF
Each investor is different in terms of requirements and exclusion or selection criteria.
Therefore, we provide investors with tailored ESG and SRI funds that incite issuers to adopt better environmental behaviours, notably in terms of reduction of greenhouse gas issuance. We have identified the most-exposed sectors and we analyse the companies’ capability to monitor their direct and indirect impact on the environment.
Through open-end SRI funds, Amundi’s management also contributes to the limitation of energy consumption, the reduction of greenhouse gas issuance, the fight against commodity exhaustion and the protection of biodiversity.
Amundi has developed a full range of index solutions designed for investors seeking to address the financial risk of carbon exposure.
Amundi provides customised solutions aiming at reducing carbon exposure:
The Low Carbon range comprises two open-ended index fund and an ETF, tracking the MSCI Low Carbon Leaders indexes. The index methodology aims at:
These solutions allow investors to benefit from a potential outperformance of the strategy index once carbon risk is priced while continuing to achieve market performance if not priced.
Amundi and EDF Group seek to raise money to support the financing of projects within the frame of energy transition.
This association of two leaders in their respective fields benefits from:
This partnership aims to offer alternative investments through an asset class uncorrelated to the volatility of traditional markets.
The investment themes are notably:
> USD 78
bn of assets under SRI management
of SRI management companies in France2
professionals dedicated to SRI analysis and management
Source: Amundi data and perimeter as at March 30, 2015.
1. The members of this coalition, which aims at mobilising financial markets in the fight against climatic changes, are committed to decarbonize their portfolios for a total amount of USD 100 billion by the climate conference end-2015.
2. In term of assets under management. Besides, 1st asset manager to be certified by the Afnor (French standardisation organisation) for its SRI approach.
This information is exclusively intended for “Professional” investors within the meaning of the MiFID Directive 2004/39/EC of 21 April 2004, and articles 314-4 and following of the General Regulations of the AMF. It is not intended for the general public or for non-professional individual investors within the meaning of all local regulations, or for “US Persons”, as defined in the Securities and Exchange Commission’s “Regulation S” under the 1933 U.S. Securities Act.
This non-contractual information does not under any circumstances constitute an offer to buy, a solicitation to sell, or advice to invest in financial instruments of Amundi or one of its affiliates (“Amundi”).
Investing involves risks. The performance of the strategies is not guaranteed. In addition, past performance is not in any way a guarantee or a reliable indicator of current or future performance. Investors may lose all or part of the capital originally invested.
Potential investors are encouraged to consult a professional adviser in order to determine whether such an investment is suitable for their profile and must not base their investment decisions solely on the information contained in this document.
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