Amundi’s range of ETFs, which track SRI ex Fossil Fuel indices, will now track the MSCI SRI Filtered PAB indices.
The €12bn climate-conscious fund range will align with the criteria of the EU's Paris-Aligned Benchmark (PAB) climate indices, designed to support net zero targets by 2050 and limit global warming to 1.5oc. The new indices aim for a 7% "absolute carbon emissions reduction" over a one year period, and integrate a 50% reduction in carbon intensity compared to the market portfolio. "ETFs are reliable tools enabling all types of investors to access sustainable investing in a transparent, simple and cost-effective way," said Arnaud Llinas, head of ETF, indexing and smart beta at Amundi. ...
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