Interview with Jean-Jacques Barbéris and Highlights
Jean-Jacques Barbéris, head of institutional and corporate clients coverage
“Investors want to be able to show the impact of incorporating ESG* criteria on their portfolios’ performance.” Jean-Jacques Barbéris
How did you incorporate ESG into your institutional solutions?
Amundi’s positioning and historic legitimacy on ESG have long been clearly established. We have our own proprietary methodology and dedicated teams that enable us to perform ESG ratings for over 5,500 companies. We have gradually complemented this normative approach with client-oriented solutions, ranging from the management of mandates which include investors’ specific ESG objectives, to the delivery of advisory services for the implementation of ESG strategies.
How would you characterise your risk-based ESG approach?
There are still vastly different levels of ESG maturity and objectives among regional investors. The French ecosystem is dominated by the “riskbased” approach, which is not a normative approach: it aims at using the information provided by ESG analyses to identify and qualify the non-financial risks which can materially impact portfolios – climate-related risks, for instance – and to try to prevent them from happening.
How does one measure ESG performance?
Academic research in this area progresses as responsible investing advances and investors show increased interest. While the most committed investors have been incorporating ESG criteria for several years, the rest of the financial community is now thinking about the way they also could consider ESG issues. At the beginning of 2019, Amundi published a survey that highlights the positive impact of incorporating ESG criteria on portfolios’ overall performance.
€1.63bn The amount raised by Amundi Planet Emerging Green One*, closed in February 2018. Launched in partnership with the International Finance Corporation (IFC), the fund is already entirely invested in a diversified portfolio of emerging bonds, and, over the next seven years, will actively invest in other green bonds issued by financial establishments operating in emerging markets.
Amundi launches innovative “credit continuum” strategy
In September 2018, Amundi launched its first “Credit Continuum” strategy, a flexible credit solution, spanning the entire bond spectrum. Credit Continuum provides exposure to the best market opportunities, government bonds, listed companies and illiquid assets (both private debt and real assets). Initially launched on European credit markets – European Credit Continuum Strategy –, it is also available to investors in the forms of an open fund and dedicated mandates.
Amundi épargne salariale et retraite gets afnor( 1 ) certification
Amundi Épargne Salariale et Retraite’s account management business, based in Valence, France, was the first in the industry to receive AFNOR’s “Quali’ESR” engagement certification. In order to certify the quality of the services provided, seven key engagements were assessed, including an eco-friendly and socially responsible behaviour, or the ability to provide clients with a multi-channel offering which helps them stay informed and manage their own savings.
(1) AFNOR (Association Française de Normalisation) is the French national organisation for standardisation, created to define and control socio-economic standards, repositories and labels.
Amundi selected by the irish Treasury and Apple
The Irish Treasury entrusted Amundi, along with another two major international asset managers, with a 14 billion euros mandate. At the end of a tender finalised in March 2018, Amundi was selected as a privileged partner for the provision of investment management services related to the collection of the state subsidies received by Apple.