We are pleased to announce that Amundi has been appointed to be the investment manager of a new Asia Climate Bond strategy managed by AMX by Carne.
Launched on 1 March 2023, the strategy with an initial capital of $203 million, invests in fixed-income instruments selected according to the AIIB-Amundi Climate Change Investment Framework (CCIF), co-developed by AIIB and Amundi, and endorsed by the Climate Bonds Initiative (CBI). This first-of-its-kind framework provides an effective investment methodology that holistically assesses climate change risks and opportunities in line with the three objectives of the Paris Agreement at the issuer-level.
AIIB and Amundi launched the inaugural Asian Climate Bond strategy in 2021 aiming to accelerate climate actions and address the underdevelopment of the climate bond financing market. The strategy recorded a total of over 317,403 tons of CO2 equivalent (tCO2e) emissions avoided in 2021 and 2022.
“As a leading responsible investment manager, Amundi is pleased to see that the AIIB-Amundi Climate Change Investment Framework is being adopted by institutional investors. It equips them with a new tool to assess the level of issuers alignment with climate change mitigation, adaptation, and low-carbon transition objectives, which will be fundamental to contributing towards meeting the objectives of the Paris Agreement.”
Head of Institutional and Corporate Clients Division & ESG
“The mandate proved to be a suitable one for many sophisticated investors globally. We look forward to our continued efforts to mobilize private capital channeling to the much-needed funding-gap in climate change fixed-income instruments in developing countries.”
Director General of the Banking Department from AIIB
“We are delighted to partner with Amundi and AIIB to bring this innovative framework to market through the Asian Climate Bond strategy, supporting investors’ desire to address climate change through their investment portfolios.”
Chief Business Development Officer, Carne