Amundi to ask companies for climate plans

Amundi has said it will ask companies their plans to reduce emissions at upcoming shareholder meetings.

Amundi says it has written to 500 firms outlining issues that would impact its voting including companies releasing specific reduction targets and long-term plans to reduce greenhouse gas emissions. It says it wants companies to ensure their plans meet standards set by the UN Science Based Targets initiative. Boards should also ensure that executive pay integrated sustainability objectives, including climate.

“As an asset manager, Amundi has a duty to provide its investor clients with strong, consistent returns over the long term, together with a positive contribution to major social issues and the stability of economies,” said Jean-Jacques Barbéris, Amundi’s head of the institutional and corporate clients division and environmental, social and governance (ESG).