Through our stewardship activities, Amundi is seeking to have a tangible impact on the economy, as we truly believe that active ownership can trigger stronger outcomes than divestment in general. As a manager of portfolios, diversified by nature, we need to consider the risks and impacts affecting the global economy as these are the main drivers of the value of our portfolios.

With long horizons and diverse exposures, investors remain vulnerable to systemic shocks that cannot be diversified away, from environmental degradation to labour and supply chain stress. These shocks can shift the fundamental drivers of value and, therefore, the risk return outlook of portfolios.

Amundi’s stewardship strategy aims to safeguard and enhance portfolio resilience and therefore performance over time by addressing root causes across value chains and taking into account the interconnections between climate, biodiversity, social and governance issues, thereby delivering measurable long-term benefits for clients, distributors and shareholders.

Engagement seeks to influence the activities or behaviours of investee companies in order to preserve long-term economic capital as part of our search to create long-term value for our clients’ portfolios. It therefore must be result-driven, proactive and integrated into our global ESG process. Engagement can nevertheless have various aims, which can be presented in two categories.

You can now read the full whitepaper at the link below