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Amundi backs new company temperature ratings

Ratings developed by non-profit CDP will cover 4,000 companies globally and will be applied for four global equity funds of the firm.

Amundi backs new company temperature ratings

Amundi has backed new temperature company ratings developed by global non-profit CDP.

As part of the partnership, the asset manager will be the first firm to use the ratings as part of its ESG analysis, as well as for monitoring its four global multi-sector equity funds.

CDP temperature ratings are based on a new approach developed in cooperation with World Wide Fund for Nature and will help investors to gauge the temperature pathway of their portfolios, funds and stocks.

The new dataset gives investors temperature ratings for 4,000 companies globally based on emission reduction targets and will cover all relevant emissions in a company’s value chain.

Amundi aims to use CDP temperature ratings to set its priorities and define the course of action through company engagement in order to set more ambitious, science-based emissions reduction targets.

Emily Kreps, global director capital markets at CDP, said investors increasingly want to align their portfolios with international goals.

‘By providing a clear, science-based and uniform standard for companies’ ambition, CDP temperature ratings now allow investors to do that by benchmarking, communicating and reducing the temperature of their portfolios and products. Asset managers must be transparent, and it is good to see Europe’s largest asset manager leading the way”.

Jean-Jacques Barbéris, head of the ESG business line for Amundi’s general management, added: ‘Mobilisation and concrete action can only be achieved through a common understanding of the target impacts set by companies, and a recognition of the remaining required efforts. CDP’s new temperature ratings support this collective journey as the economic & financial ecosystem develops new methodologies and data.’

Fund Name CDP Temperature Rating (Scope 1+2) CDP Temperature Rating (Scope 1+2+3)
Amundi Funds Global Equity Sustainable Income 2.2◦C 2.7◦C
CPR Invest – Climate Action 2.3◦C 2.7◦C
CPR Invest – Food For Generations 2.6◦C 2.6◦C
Amundi Global Ecology ESG 2.6◦C 2.6◦C

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