Global asset manager Amundi Asset Management has launched a suite of net zero ambition strategies across major asset classes including equities, fixed income, real estate, multi-asset and emerging markets.
The strategies are expected to be available to institutional investors in Australia. The funds will seek out companies best equipped to support the transition to a low carbon model, and the global objective of net zero emissions by 2050.
Amundi said its actively managed Net Zero Ambition strategies have set a common intermediary objective of reducing their portfolios' carbon intensity by 30 per cent by 2025 and 60 per cent by 2030 compared to 2019.
Group chief investment officer at Amundi, Vincent Mortier, said the path to decarbonisation cannot be left to governments alone.
"The global asset management industry - which is expected to be managing over $US145 trillion by 2025 - has the scale to make things happen and trigger the momentum required to get the world to Net Zero," he said.
"This is why, as a European asset management leader, we are launching the Net Zero ambitions range across active, passive, and real assets, so investors can fuel the transition and put their savings to work, while earning investment returns. It is also critical to provide investors with a wide range of choices in order to help them align their investments to a Net Zero decarbonisation pathway."