Amundi, a responsible actor

Highlights in 2010
Amundi has been at the forefront of responsible finance since launching its first ethical investment fund (Hymnos) in 1989. By signing up to the Principles for Responsible Investment (PRI) in 2006, Amundi Group reasserted its commitment to socially responsible investment. This became a strategic driver in 2010, with the Group underscoring its focus on giving a significant weight to extra-financial criteria in its management approach.
Over the course of 2010, Amundi consolidated its position as leader on the French SRI market. On December 31, 2010, SRI assets under management stood at € 12.8 billion, including € 6.2 billion held in open-ended funds, € 2.6 billion in the form of dedicated mandates and € 4 billion in SRI employee savings plans, a market showing particularly robust growth.
Amundi’s range of SRI funds covers all asset classes and all categories: sustainable development equity funds, thematic equity funds, bond funds and money market funds. Amundi is also developing a “socially committed” range of investment solutions, covering ethical investment funds, solidarity investment funds, social entrepreneurship funds and funds that support development in developing countries. Lastly, Amundi manages a comprehensive range of SRI funds under the Amundi label on the employee savings segment. Since 2002, this range has been approved by the CIES (French interunion employee savings committee). In order to develop its SRI offering, Amundi draws on IDEAM, its skill centre that pools Environmental, Social and Governance (ESG) research and promotes SRI.
Amundi Group’s SRI offerings are marketed both in France and internationally to institutional investors, foundations and companies, as well as to individual investors via the retail banking networks of Caisses Régionales de Crédit Agricole, LCL, Societe Generale and Crédit du Nord.
Over and above the principles governing its SRI management, Amundi applies a strict set of rules to all its funds, particularly with regard to information and transparency on the instruments and management techniques used. Furthermore, within the framework of its active asset management, Amundi does not allow its funds to invest directly in companies involved in the manufacture or trade of antipersonnel mines and cluster bombs. Lastly, it refrains from investing in those companies that have the poorest ratings on extra-financial criteria.
* in line with our Global Compact commitments