L’art de noyer le poisson : nous répondons à Amundi

Reclaim Finance argues that Amundi's strategy of increasing passive management, specifically through the acquisition of Lyxor, creates a loophole where billions of euros in assets remain uncovered by coal exclusion policies. The document further contends that Amundi's engagement with companies like Glencore and its policies on unconventional fossil fuels effectively support continued fossil fuel expansion rather than a genuine 1.5°C-aligned transition.

• Amundi's acquisition of Lyxor has significantly increased the volume of assets not covered by its coal policy; as of January 1, 2022, these assets rose by 84%.
• A substantial portion of Amundi's passive assets are not subject to coal restrictions. Out of 282 billion euros in passive assets, 202 billion euros are not classified as "responsible investment" and could potentially be invested in coal developers, a figure projected to reach over 252 billion euros by 2025.
• Reclaim Finance disputes Amundi's support for Glencore, stating that the company is pursuing an expansion strategy—including purchasing shares in a Colombian mine and planning a 45 million tonne/year production increase—rather than a science-aligned phase-out.
• Amundi's policy on unconventional oil and gas is criticized for failing to make the cessation of expansion a criterion, which Reclaim Finance argues contradicts the IEA's Net Zero Emissions (NZE) scenario and the 1.5°C trajectory.

APA

admin (2022). L’art de noyer le poisson : nous répondons à Amundi. Reclaim Finance. https://reclaimfinance.org/site/2022/02/22/lart-de-noyer-le-poisson-nous-repondons-a-amundi/

Chicago

admin. L’art de noyer le poisson : nous répondons à Amundi. Reclaim Finance, 2022. https://reclaimfinance.org/site/2022/02/22/lart-de-noyer-le-poisson-nous-repondons-a-amundi/.

Wikipedia

{{cite press release |last1=admin |title=L’art de noyer le poisson : nous répondons à Amundi |publisher=Reclaim Finance |date=22 February 2022 |url=https://reclaimfinance.org/site/2022/02/22/lart-de-noyer-le-poisson-nous-repondons-a-amundi/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2022lart, author = {admin}, title = {{L’art de noyer le poisson : nous répondons à Amundi}}, publisher = {Reclaim Finance}, year = {2022}, month = feb, url = {https://reclaimfinance.org/site/2022/02/22/lart-de-noyer-le-poisson-nous-repondons-a-amundi/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }