High social impact through asset management in Amundi
Amundi has developed a so-called "committed" management process. It applies to funds with high social impact. These funds allow, for instance, funding of reintegration through employment, housing for needing families, providing better nutrition and access to water to the poorest, organic agriculture…
We apply a rigorous selection process
Amundi has developed an in-house evaluation model of social businesses that relies on a triple analysis:
- Credit analysis to ensure the financial soundness and sustainability of the company
- ESG criteria to assess the Environmental, Social and Governance criteria
- Solidarity analysis to measure social impact. For this, we defined some fifteen criteria.
During the solidarity analysis, the human factor is of course taken into account. For example, in the case of a solidarity business involved in the housing sector, we examine the support offered: help with administrative procedures, introduction to the neighbourhood, learning everyday ecological actions to manage energy costs.
In addition, the company must, of course, not be subject to controversy.
All of these data are analysed through a summary table. In the final step of the process, we give the company a grade on a scale of A to G, A being the highest grade. A score greater than or equal to D is necessary to be eligible for investment.
This careful selection facilitates the monitoring of risks.