Muddying the waters: our response to Amundi

Reclaim Finance argues that Amundi's growth in passive management, specifically through the takeover of Lyxor, has increased the volume of assets not covered by coal policies. The organization contends that Amundi's reliance on ESG filters is insufficient, as approximately 60% of its passively managed assets remain exempt from coal-related restrictions. Furthermore, Reclaim Finance claims Amundi supports companies like Glencore that pursue coal expansion and maintains an unconventional oil and gas policy that allows investments in companies responsible for 75% of global production expansion plans.

• Amundi's acquisition of Lyxor on January 1, 2022, led to an 84% increase in assets under management that are not covered by the firm's coal policy.
• A significant portion of Amundi's passive management remains exposed to coal; roughly 60% of these assets are not classified as "ESG" and lack coal-related restrictions, meaning €202 billion of the €282 billion in passive assets can still be invested in coal developers.
• Reclaim Finance asserts that Amundi supports Glencore despite its expansion strategy, which includes plans to increase coal production by 45 million tons per year across 9 projects and the acquisition of shares in a Colombian mine.
• Amundi's unconventional oil and gas policy is criticized for failing to prohibit the expansion of production, allowing investments in companies that account for 75% of all oil and gas production expansion plans.

APA

admin (2022). Muddying the waters: our response to Amundi. Reclaim Finance. https://reclaimfinance.org/site/en/2022/02/22/muddying-the-waters-our-response-to-amundi/

Chicago

admin. Muddying the waters: our response to Amundi. Reclaim Finance, 2022. https://reclaimfinance.org/site/en/2022/02/22/muddying-the-waters-our-response-to-amundi/.

Wikipedia

{{cite press release |last1=admin |title=Muddying the waters: our response to Amundi |publisher=Reclaim Finance |date=22 February 2022 |url=https://reclaimfinance.org/site/en/2022/02/22/muddying-the-waters-our-response-to-amundi/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2022muddying, author = {admin}, title = {{Muddying the waters: our response to Amundi}}, publisher = {Reclaim Finance}, year = {2022}, month = feb, url = {https://reclaimfinance.org/site/en/2022/02/22/muddying-the-waters-our-response-to-amundi/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }