Amundi

Amundi has implemented its ESG Ambition 2025 plan, which includes strong elements such as the deployment of Net Zero investment solutions for several asset classes and an expanded engagement policy. This plan has been generally well implemented. However, no post-2025 outlook has been identified at this stage. In terms of transparency, increased disclosure on the coverage of assets affected by carbon footprint data, those affected by medium-term emission reduction targets or the share of green or transition assets would be welcome. In addition, despite the capabilities developed in the assessment of transition plans, Amundi has not yet put in place a comprehensive and systematic categorisation framework analysing assets from a climate alignment perspective. Finally, Amundi's oil and gas policy could be improved (no mention of an assessment of the transition plan, exclusion limited to companies exceeding a threshold of 30% of their turnover for certain non-conventional productions). In addition, the strategy's contribution potential is significantly weakened by the fact that Amundi's primary objective remains to meet the demands of its potential clients, including those who do not wish to take climate aspects into account. The adoption of a renewed climate strategy could allow Amundi to leverage its strong capabilities to contribute to the Paris Agreement.