Amundi has moved nine climate-conscious passive products to track the MSCI SRI Filtered Paris-Aligned Benchmark indices, as it seeks to improve the green credentials of its ETF lineup.
The Paris Agreement aims for a net zero world by 2050, while limiting the global average temperature increase to 1.5°C.
The indices tracked now follow a trajectory of an absolute reduction in carbon emissions of 7% on an annual basis and incorporate an immediate reduction of 50% in carbon intensity compared to the investable universe, the company said.
The names of the funds will be changed, adding “PAB”, to reflect the change. For example, the Amundi Index MSCI Europe SRI Ucits ETF will become the Amundi Index MSCI Europe SRI PAB Ucits ETF.
The group said four other ESG-related ETFs will now track the MSCI ESG Broad CTB Select indices, which have been constructed in line with the objectives of EU climate transition benchmarks.
“With this latest evolution of the range, Amundi ETF reaffirms its strategic commitment to facilitating the ESG and climate transition of investors,” said Arnaud Llinas (photo), Head of ETFs, indexing and smart beta at Amundi.
The French asset management firm said the entire range represents more than €12 billion in assets under management.