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Act as a responsible financial institution
Promoting responsible finance
2
ACT AS A RESPONSIBLE FINANCIAL INSTITUTION
Because trust rests on ethics and accepted responsibilities, Amundi
is committed to acting as a responsible financial institution. This
commitment has two thrusts: (i) promoting responsible finance that
respects human values and (ii) respecting the clients’ interests.
2.1
Promoting responsible finance
Amundi factors public interest criteria (ESG — environmental,
social and governance — criteria) into its investment analyses and
decisions, along with financial criteria. We are convinced that this
approach, which takes a 360-degree view of companies, secures
value creation. More specifically, it is applied in Socially Responsible
Investing (SRI), under stringent rules.
The ESG policy is based on our conviction that a sound policy of
sustainable development enables issuers to manage risks better
and thereby improve their operating efficiency. This is a way for the
investor to be protected against long-term risk, such as financial,
regulatory, operational or reputational risk, and also be an entirely
responsible investor.
Changes in SRI assets over time
31 December 2013 31 December 2014
31 December 2015
Assets under management
€68.4 bn
€71.6 bn
€159.1 bn
As a % of total Amundi assets
8.8%
8.3%
16.2%
The sharp increase in SRI assets managed by Amundi at the
end of 2015 is largely attributable to the inclusion of client assets
managed for the last three years as an SRI test under the Amundi
approach certified by AFNOR. At the end of the test period, the
outcome being positive, the assets in question will remain under
SRI management and thus be reported as such henceforth.
Breakdown of SRI assets (at 31/12/2015)
By asset class
1%
78%
Multi-asset
Fixed income
14%
Treasury
1%
Specialised
5%
Equity
By client segment
92.5%
Institutional
7.5%
Retail
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AMUNDI
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2015 CORPORATE SOCIAL RESPONSIBILITY REPORT