Europe’s largest asset manager, Amundi, has launched a range of Net Zero Ambition funds across core asset classes, including equities, fixed income, real estate, multi-asset and emerging markets. Amundi claims it is the first firm to offer the full spectrum of active and passive solutions for institutional and retail investors. The suite of strategies will seek out companies that are best equipped to support the net zero transition, it added. The funds will integrate ESG considerations with a net zero ambition pathway, using different approaches within a common philosophy focused on identifying credible and feasible net zero transition plans. Amundi’s actively managed Net Zero Ambition strategies have set a common intermediary objective of reducing their portfolios’ carbon intensity by 30% by 2025 and 60% by 2030 compared to 2019. Engagement with issuers is key to fostering concrete changes, and the funds will leverage Amundi’s robust active stewardship policy to help companies integrate net zero trajectories in their business models. “Trillions of euros of capital will be needed to speed the path to decarbonisation, which cannot be done by governments alone,” said Vincent Mortier, Group CIO at Amundi. The equity portfolios will be large-cap focused and include Climate Champions, Climate Committed and Climate Enablers, while the fixed-income strategies will focus on companies that have set themselves a net zero trajectory, issuers with low carbon intensity and forward-looking objectives such as SBTi targets and credible transition plans.
