Integration of the social pillar across a broad range of strategies
In line with our commitment to supporting new sustainable fixed income markets, Amundi has developed its first Social Bond Strategy, which aims at directing investments towards projects addressing social issues or targeting positive social outcomes by investing in social bonds.
Through this strategy, Amundi and its investors will support the expansion of the nascent social bond market, which has experienced a very strong uptick during the Covid-19 crisis and has proven its financing capabilities for both the recovery and inclusive growth in the long term.
The Social pillar of ESG investing is gaining momentum across the investor community. Amundi is committed to spearheading the development of the social agenda globally, through sophisticated integration of social issues across all main asset classes: fixed income, equity, and illiquid assets.
Social Bonds - Supporting the recovery and long-term inclusive growth by promoting socially impactful issuers
Objective: Provide positive financial return over 3 years by investing in global markets while financing projects with social benefits.
Strategy: Core (75%) Social Bonds with use of proceeds bonds aligned with the Social Bond Principles (SBPs) and Diversification (25%) Issuers with the best social practices.
Social Impact - Encouraging companies with the best social practices and participating in the reduction of inequalities in the countries they operate.
Innovative Inequality score: Broad definition encompassing all aspects of inequality: Income & Labor Market, Fiscal Policy, Health & Education, Diversity, and Human rights & Basic needs.
A stringent responsible investment approach: Eligible universe definition, ESG analysis, controversy screening and positive impact generation metrics or carbon targets.
Social Impact Investing Finance and Solidarity - Providing measurable social impact alongside financial returns
Impact at Amundi: Investment in non-listed companies offering innovative products and services helping to meet SDGs or affordable products for people living under the poverty threshold.
Diversification across investment themes, with a reference system based on the SDGs: Affordable housing and infrastructure, inclusion, health, education, preservation of natural resources.
Amundi has selected five impact investing themes for its solutions that cover most of the United Nations' 17 Sustainable Development Goals (SDGs)1:
Access to decent housing
Access to a meaningful job
Access to healthcare education and training
Protecting the environment
Sharing and Cooperating: international solidarity including microfinancing
Amundi is at the forefront of development and research of Social and Sustainability-linked bonds, and published key research pieces to lead the discussion.
Amundi has been a member of the Social Bond Principles Executive Committee since 2017 and co-chaired the ICMA Social Bond Working Group for two consecutive editions.
The 30 % Club is a global campaign taking action to increase gender diversity at board and senior management levels. Sharing this commitment, Amundi participated in the creation of the French Chapter in 2020.
The Platform for Living Wage Financials is an alliance of invertors encouraging companies to address inadequate pay issues. Amundi has been a signatory since 2018.
Since 2010, Amundi has been an active supporter of the Access to Medicine Foundation, an independant non-profit organization with the mission to encourage pharmaceutical companies to do more for people living in low and middle-income countries.
More information on Impact Investing
Amundi’s Impact Investing team specialises on Private Impact Investing across Europe and more specifically in France, and manages the largest Social Impact Investing strategy in France.
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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