“Responsible investment is moving from aspiration to execution. Expectations for stewardship, especially in Europe, continue to intensify, and there is a growing emphasis on directing capital toward climate solutions that deliver measurable, real world impact.
In 2026, the focus will extend beyond transition plans to core issues of resilience and natural capital preservation. As physical risks rise and energy systems transform at unprecedented speed, what will set leaders apart is not ambition, but the ability to act decisively and at scale to secure strategic autonomy and lasting financial resilience.”
Elodie LAUGEL
Chief Responsible Investment Officer, Amundi
Key takeaways
Responsible investment dynamics in 2025
- Positive inflows led by fixed income in a context of continued normalisation of responsible investment flows and pronounced asset and style rotationThe responsible investment market continued its normalisation in 2025, with €108bn net inflows in Europe in 2025’s first three quarters, accounting for >95% of total global RI inflows. Fixed income has led net inflows, with the share of responsible investment in fixed income in Europe accounting for 63% of total AuM as of Q3 20252. On responsible investment equities, demand has shifted from restrictive passive screens towards broader exposure, with stronger appetite for low tracking error strategies.
- Responsible Asset Owners stayed the course as climate coalitions recalibratedRecalibration of climate coalitions (NZAM, NZBA) did not translate into a retreat from sustainability. Instead, it reinforced a more demanding phase of stewardship from asset owners, reallocating misaligned mandates in extreme cases.
You can now read the full whitepaper at the link below
