Amundi’s CPR Asset Management has launched a new sustainable urbanisation fund.

The fund will invest in sustainable infrastructure projects covering the following factors: construction, transport, communication, energy and water and services, and according to CPR, will apply ESG exclusion criteria to companies considered incompatible with harmonious urban development and those subject controversy, public scandals or reputational risk. In addition, the fund will look to, “identifying impact data to favour companies that demonstrate a positive impact on the urban ecosystem, such as companies that generate energy savings, improve access to water and manage waste treatment.”