Amundi adds ETF to Paris-aligned range

Targets 7% absolute carbon emissions reduction per year

Amundi has added a Paris-aligned ETF to its range, bringing its total number of ETFs aligned either with the EU’s Paris-aligned benchmarks or climate transition benchmarks to 29.

The Amundi MSCI ACWI SRI PAB UCITS ETF tracks the MSCI ACWI SRI Filtered PAB Index with ongoing charges of 0.20%. The index includes more than 500 global stocks across 23 developed markets and 24 emerging markets countries.

The Paris-aligned benchmarks are constructed to limit global temperatures to 1.5°C and aim to reach net zero by 2050. In order for Amundi’s new ETF to achieve this it follows a trajectory of a 7% absolute carbon emissions reduction on an annual basis and integrates an immediate reduction of 50% of the carbon intensity compared with the investable universe.

Matthieu Guignard, head of products, platforms and investment specialists at Amundi ETF, indexing and smart beta, said: “Investors are looking for more tools to take climate action in a transparent, simple and cost-effective way. We are delighted and committed to further expanding our climate ETFs range to help investors achieve their net-zero objectives.”

This initiative is part of the Societal Project of Crédit Agricole Group and its commitment to the climate.