Reflecting the continuous dialogue between Amundi and companies, our engagement for influence aims to support companies in taking into account environmental, social and governance (ESG) issues on specific themes.
Since 2019 and in particular in 2020, Amundi has been focusing its voting and engagement efforts on two priority themes: the energy transition and social cohesion. Both topics represent systemic risks for companies as well as opportunities for those who wish to integrate them in a positive way.
Amundi’s engagement process relies on a multi-faced approach:
ongoing engagement on specific challenges or sustainability risks faced by an issuer or a sector,
thematic engagement comprising of to cross-sectorial engagement on key topics such as climate or the living wage,
collaborative engagement favoring collective efforts to encourage issuers to act collectively on key sustainable issues.
In 2022, Amundi engaged with issuers on 6 main areas, 2115 issues were raised.
Transition towards a low carbon economy
Natural capital preservation
Social cohesion through the protection of direct and indirect employees and Promotion of human rights
Client, Product and Social Responsibility
Governance practices for Sustainable Development
Dialogues to foster a stronger voting exercice and a stronger corporate governance
Engagement broken down by topic1
1 Source: Stewardship Report 2022
(*) A new “Dividends” category was created in 2022. These proposals were previously recorded in the “Other” category. (**) Does not include votes for which there was no management recommendation Source: Amundi Asset Management
In 2022 Amundi participated to 10,208 General Meeting and voted on 107,297 Resolutions.
General meetings at which we voted against at least one resolution
Votes against resolutions
Thematic breakdown of votes "against management"2
2 Source : Rapport d’Engagement 2022
Amundi’s leadership has been recognized by ShareAction’s “
Voting matters 2023
” report, according to which Amundi ranks among the top 3 asset managers in terms of voting performance on environmental and social issues (up from 10th last year).
01| Engagement for influence: accompanying issuers to better practices
Reflecting the continuous dialogue between Amundi and companies, our engagement for influence aims to support companies in taking into account environmental, social and governance (ESG) issues on specific themes, which are often controversial or subjected to a strong legislative momentum.
Since 2013, our team of ESG analysts has been particularly active on 6 themes:
Respect for human rights in the oil and mining sectors
The fight against food waste in the agri-food and retail sectors
The responsible exercise of influencing practices of pharmaceutical companies and the automotive industry
The environmental impact of coal in the electricity generation sector
Child labor in the cocoa and tobacco industry
These works are subject to an engagement report published annually by the ESG Analysis and Corporate Governance team.
An active support to collective initiatives
Supporting collective initiatives is also a way to spread ESG best practices. Amundi actively supports more than twenty initiatives, including the PRI (Principles for Responsible Investment), Finance for Tomorrow, the Institutional Investors Group on Climate Change, the CDP (Carbon Disclosure Project) and the Green Bond Principles.
02 | Vote and shareholder dialogue: fully playing our role as an involved shareholder
For Amundi, the financial performance of companies can only be sustainable in a long-term vision. It is through this framework of analysis that Amundi fully plays its role as a shareholder, particularly in the exercise of its voting rights and shareholder dialogue.
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