Committed to a responsible finance

Putting our expertise at the service of sustainable performance – this is our commitment to our clients and as a socially-responsible financial player. Through a wide range of ESG solutions, Amundi supports companies in their sustainable development strategy.

  

Amundi, a leading asset manager

N°1

French player in SRI1

+€ 200 bn

in Responsible Investment AUM1

> 5 000

issuers rated in respect of ESG criteria1 

01 | The engagement of a responsible finance pioneer

Amundi has been a signatory of the PRI  (Principles for Responsible Investment) since 2006 and responsible investment has become one of the pillars of our development strategy. Dedicated governance, internal resources, active involvement in collaborative initiatives and an AFNOR certified SRI approach are just some of the ways we strive to advance the field of responsible investment.

Our convictions meet the 17 Sustainable Development Goals (SDGs) , established by the United Nations, through 3 key areas: our ESG analysis criteria, our ESG solutions, our engagement policy.

More information: https://sustainabledevelopment.un.org/sdgs/

02 | A department dedicated to Responsible Investment

A team of 20 specialists ensures ESG analysis of more than 5,000 issuers1, conducts an active engagement policy and promotes these topics amongst investors and collective initiatives.

In addition, almost sixty experts (Corporate Governance, Quantitative research, SRI managers and products specialists) are mobilised around environmental, social and governance (ESG) issues.

Amundi’s expertise and size allow us to implement a wide range of responsible investment strategies as well as tailor-made ESG solutions adapted to your needs:

In all asset classes (including index management) and all geographic areas

According to specific customer’s reference values

With the possibility to implement a dedicated engagement and voting policy

03 | Our ESG analysis model

We are convinced that consideration of Environmental, Social and Governance (ESG) criteria, combined with an ongoing dialogue with issuers, consolidates financial performance. Our commitment is reflected, in particular, by the integration of ESG factors across its management strategies2.

Our ESG analysis, which relies on the expertise of 8 extra-financial data providers and an internal rating tool, covers more than 5,000 issuers1. The analysis results in a global extra-financial rating for the issuer on a scale from A (highest score) to G (lowest score).

Our ESG analysis is based on an internal reference values, comprised of 36 criteria, including 15 generic criteria, common to all companies whatever their business sector and 21 specific criteria depending on each sector’s issues.

Information given for illustrative purposes only, may be changed without prior notice.

04 | Our exclusion policy

Amundi applies strict rules for exclusion across its management strategies2:

  • No direct investments in companies involved in the production or sale of anti-personnel mines and cluster bombs, prohibited by the Ottawa and Oslo conventions
  • Exclusion of companies involved in the production or sale of chemical, biological and depleted uranium weapons.
  • Exclusion of companies that violate, repeatedly and seriously, one or more of the ten principles of the Global Compact
  • Exclusion of countries that systematically and willfully violate human rights and make themselves guilty of the worst crimes: war crimes and crimes against humanity
  • Exclusion of companies whose coal extraction activity exceeds 30% of their turnover or, after a qualitative and prospective analysis, companies producing 100 million tons and more of coal per year
  • Exclusion of tobacco companies from all open SRI funds

These issuers are rated G on the Amundi’s scale.

06 |Our SRI approach

Amundi has chosen the Best-in-class approach as the basis of its SRI strategy. Our philosophy consists in selecting the companies that best handle their ESG risks and opportunities for each sector. Amundi is convinced that SRI must be broad and incentive, a factor of progress and not of stigmatisation.

For a portfolio to be considered SRI, it must comply with the following rules:

  • Exclusion of issuers rated E, F and G (on a scale of A to G) in order to avoid financial and reputational risk
  • The portfolio’s average ESG rating must be C or higher
  • The portfolio’s average ESG rating must be at least equal to that of its investment universe or benchmark index
  • At least 90% of the issuers in the portfolio must be rated in terms of ESG criteria

Information given for illustrative purposes only, may be changed without prior notice.

First asset management company certified by AFNOR for its SRI approach.

Amundi is also the first company to obtain the SRI Label  created by the Ministry of Finance and Public Accounts for several funds.

PRI  annual assessment: Amundi rated A + in 2017 for the third consecutive year for its responsible investment approach

1st place in the SRI & Sustainability ranking published by  Extel and UKSIF 3in 2015, 2016 and 2017 in the Asset Management Best Firms category for SRI / ESG

Top 3 in 2014, 2015 and 2016 of the IRRI ranking which rewards the best governance and SRI analysts

1. Source : Amundi figures as of 31 October 2017

2. Excluding index funds and ETFs constrained by their benchmark index

3. UK Sustainable Investment and Finance Association

4. European directive establishing a new regulatory framework for risk management for insurance companies.

This information is exclusively intended for “Professional” investors within the meaning of the MiFID Directive 2004/39/EC of 21 April 2004, and articles 314-4 and following of the General Regulations of the AMF. It is not intended for the general public or for non-professional individual investors within the meaning of all local regulations, or for “US Persons”, as defined in the Securities and Exchange Commission’s “Regulation S” under the 1933 U.S. Securities Act.

This non-contractual information does not under any circumstances constitute an offer to buy, a solicitation to sell, or advice to invest in financial instruments of Amundi or one of its affiliates (“Amundi”).

Investing involves risks. The performance of the strategies is not guaranteed. In addition, past performance is not in any way a guarantee or a reliable indicator of current or future performance. Investors may lose all or part of the capital originally invested.

Potential investors are encouraged to consult a professional adviser in order to determine whether such an investment is suitable for their profile and must not base their investment decisions solely on the information contained in this document. 

Amundi assumes no liability, either direct or indirect, resulting from the use of any of the information contained in this document, and shall not under any circumstances be held liable for any decisions taken on the basis of this information. This information may not be copied, reproduced, modified, translated or distributed, without the prior written approval of Amundi, for any third person or entity in any country or jurisdiction which would subject Amundi or any of its products to any registration requirements within these jurisdictions or where this might be considered unlawful. 

This information is provided to you based on sources that Amundi considers to be reliable, and it may be modified without prior warning.