Interview with Stanislas Pottier and Highlights
Since its creation, Amundi has pioneered responsible investment and made social commitment one of its four founding pillars. In 2018, Amundi renewed and reinforced its dedication to being a socially responsible corporate citizen, both in its investment processes and in its dialogue with issuers.
Stanislas Pottier, chief responsible Investment Officer
“By systematically incorporating ESG into our voting policy, we will be more consistent and influential in our dialogue with issuers.” Stanislas Pottier
Strengthening our commitment to responsible investment
What are Amundi’s strengths regarding ESG*?
Being a responsible investor is part of Amundi’s founding principles. ESG criteria have been at the heart of our investment processes from the start, along with a permanent desire to innovate and the implementation of a proprietary methodology for extra-financial analysis. Our ESG research is based on a highly pragmatic “Best-in-Class”* approach, and built on shareholder dialogue with issuers. This is what makes it both unique and powerful: a solid and widely acknowledged methodology, fully committed to serving both our management strategies and the entire ecosystem of financial players.
Amundi recently announced its intention to systematically take into account ESG criteria in the exercise of its voting rights. Why such a decision?
By 2021, Amundi will have fully and systematically incorporated ESG into its voting policy. This comes as a natural consequence of the importance we give to our engagement with issuers when we exercise our fiduciary and social responsibility. By doing this, we will be more consistent and influential in our ESG dialogue with issuers, and consolidate our assessment of their overall performance.
Amundi also intends to double its investments in social and solidarity-based economy.
At the end of 2018, over 200 million euros in assets under management were dedicated to supporting social economy businesses. We now aim to increase this amount to more than 500 million euros, by expanding our investment scope to all of Europe. Over the last few years, Amundi launched a number of impact management initiatives, as the concept attracts more and more investors. We now have recognised expertise in measuring and documenting the social impact of investments and we will further strengthen them. By the end of 2021, our goal is to double our high environmental and social impact investments, and bring them up to over 20 billion euros in assets under management.
1st Amundi tops Extel’s “Asset Management firms best for SRI/ESG”* rankings for the 4th year in a row.
Amundi rated A+ by the Principles for Responsible Investment in all categories. A+ is the highest grade, which reflects the quality of ESG integration in all areas.
Amundi transition énergétique exceeds its objectives
Amundi Transition Énergétique (ATE), the Amundi (60%) and EDF (40%) co-owned asset manager, is ahead of its planned growth trajectory. Specialising in the funding of energy transition infrastructures, ATE aimed at raising 500 million euros in 2018, and exceeded this goal as early as July, with the successive closings of three private equity funds. Around 15 Institutional investors were involved, including the European Investment Bank. Out of a 2 billion euro global investment capability, 400 million euros had already been invested at the end of 2018, in cooperation with Dalkia, an EDF subsidiary.
Amundi voted best green asset manager
In 2018, Amundi was named “Most Impressive Green/SRI Investment Firm” by GlobalCapital (1) at the sixth edition of the Sustainable and Responsible Capital Markets Awards. This award came as a recognition of Amundi’s commitment to green bonds, for which it now is a world leader.
(1) Located in the United Kingdom, GlobalCapital is a Euromoney Institutional Investor publication.