- Just published! Amundi Engagement Report 2017
Just published! Amundi Engagement Report 2017
Thursday 28 June 2018
For the fifth consecutive year, Amundi has published the results of its Engagement policy.
Reflecting the continuous dialogue between Amundi and companies, the Engagement Report is structured around three main pillars:
- engagement for influence,
- ongoing engagement,
- and engagement through voting.
Amundi's Engagement policy aims to support companies in taking into account environmental, social and governance (ESG) issues on specific themes, which are often subject to controversy or subject to strong legislative momentum.
In 2017, the Engagement for influence was articulated around a new theme, minimum living wage, and two other themes, child labour in the tobacco and cocoa industry and access to nutrition and the fight against food waste, initiated respectively in 2016 and 2014. Each theme is the subject of an annual review to assess the progress of companies over time. Depending on developments, the theme studied may either be closed or renewed for an additional year.
The report also details Amundi's normative and sectoral exclusion policy, and presents the shareholder initiatives and coalitions of shareholders that we support.
Another pillar of our policy is shareholder engagement, which groups the pre-AGM (Annual General Meeting) dialogue and the exercise of voting rights at the general meetings of the companies in which the funds are invested.
In 2016, Amundi participated in more than 2,600 Assemblies, of which 76% voted with at least one opposition vote, and engaged with 240 issuers, resulting in substantial improvements in corporate practices in nearly fifty cases.
Discover the 2017 Engagement Report
The living wage: towards better industry practices
"The concept of living wage goes back to the early twentieth century, with the creation of the International Labour Organization (ILO) in 1919. Subsequently, this concept was taken up several times in texts that played a structural role in labour law (Universal Declaration of Human Rights, Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy, and the ILO Declaration on Social Justice for a Fair Globalization)."
#AmundiWIF18 – Resounding success for the Amundi World Investment Forum 2018!
On 28th and 29th June, the 8th edition of the Amundi World Investment Forum was held at the Carrousel du Louvre in Paris.
Systematic Longevity Risk: To Bear or to Insure?
"We compare two contracts for managing systematic longevity risk in retirement: a collective arrangement that distributes the risk among participants, and a market-provided annuity contract. We evaluate the contracts’ appeal with respect to the retiree’s welfare, and the viability of the market solution through the financial reward to the annuity provider’s equityholders ..."