Lambivalence climatique des votes d’Amundi

Reclaim Finance criticizes Amundi, Europe's largest asset manager, for its inconsistent and insufficient voting practices at the 2024 general assemblies of major European oil and gas companies. The analysis finds that Amundi frequently supports the reelection of directors and financial accounts of companies like TotalEnergies, Shell, and BP, despite these firms lacking climate plans aligned with a 1.5°C trajectory. While Amundi opposed some leadership reelections at Shell and BP, the lack of public justification leaves it unclear if these votes were based on climate concerns or general governance. Reclaim Finance calls for Amundi to implement systematic climate criteria that trigger automatic votes against resolutions when companies continue fossil fuel expansion.

• Amundi's 2024 voting patterns fail to systematically penalize fossil fuel expansion, notably voting in favor of all resolutions proposed by TotalEnergies, a company identified as the largest private entity developing new oil and gas production projects.
• Amundi supported the reelection of most outgoing directors at Shell and BP, and all of them at TotalEnergies, despite these individuals being responsible for climate strategies that are incompatible with a 1.5°C scenario.
• The asset manager approved all financial accounts for the analyzed oil and gas companies, even though these accounts do not properly incorporate climate change risks and contain assets at risk of becoming stranded assets.
• Amundi's voting behavior is inconsistent across companies; for example, it voted against Shell's energy transition plan but abstained on Repsol's equivalent resolution and voted in favor of TotalEnergies' plan.
• Although Amundi voted against the reelection of board chairs at Shell and BP and against executive remuneration at several firms, it provided no public justification, creating ambiguity as to whether these votes were motivated by climate issues or governance concerns.

APA

Martin, L. (2024). Lambivalence climatique des votes d’Amundi. Reclaim Finance. https://reclaimfinance.org/site/2024/06/27/lambivalence-climatique-des-votes-damundi/

Chicago

Martin, Léo. Lambivalence climatique des votes d’Amundi. Reclaim Finance, 2024. https://reclaimfinance.org/site/2024/06/27/lambivalence-climatique-des-votes-damundi/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Lambivalence climatique des votes d’Amundi |publisher=Reclaim Finance |date=27 June 2024 |url=https://reclaimfinance.org/site/2024/06/27/lambivalence-climatique-des-votes-damundi/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2024lambivalence, author = {Martin, Léo}, title = {{Lambivalence climatique des votes d’Amundi}}, publisher = {Reclaim Finance}, year = {2024}, month = jun, url = {https://reclaimfinance.org/site/2024/06/27/lambivalence-climatique-des-votes-damundi/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }