Paris-based Amundi, the largest European asset manager, announced the launch of a “comprehensive range of Net Zero Ambition funds across the main asset classes.”
A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.9 trillion of assets.
“This suite of actively and passively managed funds … is open to institutional and retail investors and will seek out companies best equipped to support the transition of the economy to a low carbon model, enabling us to reach the global objective of Net Zero by 2050,” said Amundi.
“Governments and companies have a responsibility to decarbonise economies by setting testing emission reduction targets.
“The financial and investment industry is a vital catalyst in this race to Net Zero.
“As the European leader in asset management, and a member of the Net Zero Asset Manager initiative, we are developing solutions for clients that facilitate the transition while seeking strong risk-adjusted returns for investors, looking to respond to different investor needs and profiles.”
Amundi said all its actively managed Net Zero Ambition strategies have set a common intermediary objective of reducing their portfolios’ carbon intensity by 30% by 2025 and 60% by 2030 compared to 2019.
Amundi chief investment officer Vincent Mortie 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.”