Amundi toujours fidèle au charbon

Reclaim Finance reports that Amundi continues to support coal-expanding companies despite a 2019 commitment to exit the sector. The analysis finds that 94% of coal companies in the portfolios of major French financial institutions lack satisfactory exit plans, and Amundi is invested in all of them. The document highlights failures in Amundi's passive management strategy, where it voted in favor of 78% of resolutions from 13 coal developers, and criticizes its engagement policy for lacking precise requirements and binding sanctions.

• Amundi is invested in all coal companies identified in the 'Coal Companies Watch List', a group where 94% of companies lack satisfactory coal exit plans. Nearly one-third of these companies are developing new coal production capacities, and over half do not plan to exit in time to meet the Paris Agreement.
• Amundi's coal policy is not applied to its passive assets under management, which represent 10% to 15% of its total assets. Despite claims of a proactive engagement policy for these funds, Amundi voted in favor of 78% of resolutions proposed by the management of 13 coal developers analyzed by Reclaim Finance in 2021.
• Amundi has explicitly supported the climate strategies of companies like Glencore, voting in favor of a 'climate' plan at the 2021 General Meeting that stated the company would continue operating coal mines until the end of their lifespan, while opposing only one of eight Glencore directors.
• The document identifies two primary weaknesses in Amundi's engagement policy: a lack of precise requirements for exit plans beyond the 2030 and 2040 horizons, and sanctions that are not sufficiently binding. For companies failing to establish a plan by the end of 2021, Amundi intends to restrict financial services to 'green' projects rather than suspending them entirely.
• Amundi has accepted insufficient commitments from companies such as BHP Group, which committed to exiting coal by 2022 by selling mines to other operators, and RWE, which maintains plants until 2038 and has legally challenged the Dutch government's coal exit timeline.

APA

admin (2021). Amundi toujours fidèle au charbon. Reclaim Finance. https://reclaimfinance.org/site/2021/12/21/amundi-toujours-fidele-charbon/

Chicago

admin. Amundi toujours fidèle au charbon. Reclaim Finance, 2021. https://reclaimfinance.org/site/2021/12/21/amundi-toujours-fidele-charbon/.

Wikipedia

{{cite press release |last1=admin |title=Amundi toujours fidèle au charbon |publisher=Reclaim Finance |date=21 December 2021 |url=https://reclaimfinance.org/site/2021/12/21/amundi-toujours-fidele-charbon/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2021amundi, author = {admin}, title = {{Amundi toujours fidèle au charbon}}, publisher = {Reclaim Finance}, year = {2021}, month = dec, url = {https://reclaimfinance.org/site/2021/12/21/amundi-toujours-fidele-charbon/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }