Amundi | Consultation on the Company's Climate Strategy at Amundi

Status
97.70% votes in favour
AGM date
Previous AGM date
Proposal number
21
Resolution details
Submitted by
Individual
Resolution ask
Other ask
ESG theme
  • Environment
ESG sub-theme
  • Net Zero / Paris aligned
Type of vote
Other management proposal or proxy item
Filer type
Management
Company sector
Financials
Company HQ country
France
Resolved clause
This resolution asks you to issue an opinion on our Climate Strategy. A "Say on climate" is a resolution presented for opinion on the agenda of general meetings of shareholders. It can be made by the company itself, or by its shareholders. Its purpose is to have shareholders vote on the company's climate strategy each year and, in so doing, to ensure a recurring dialogue on the topic.
Supporting statement
Since 2020, Amundi has been supporting the development of such resolutions, particularly for companies in sectors emitting the most Greenhouse Gas (GHG). Since 2021, Amundi has been promoting a policy of commitment by certain companies in the most emissive sectors by systematically requesting that a "Say on climate" be made, together with recommendations on their content. In 2022, Amundi will apply a voting policy on the "Say on climate" of relevant sectors, which will be based on the credibility of their strategy and evaluated according to criteria that will be specified to the issuers. This policy will take into account research for energy independence and competitiveness of all countries in which Amundi invests, as well as the resulting social impacts. As a pioneer in responsible investment and a committed player on climate issues, Amundi wishes to participate in the transparency movement relating to climate strategies, in line with its expectations towards the companies in which it invests. It is in this context that Amundi has decided that the making of a "Say on Climate" resolution at its 2022 General Meeting of Shareholders would be one of the ten commitments of its 2025 Ambition plan, which will be a world first for an asset manager. This action allows it to reaffirm its conviction as to the role of the financial sector in accompanying the transition and to recall the principles that guide its actions, seeking a balance between ambition and pragmatism.

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