Background
Amundi is a leading Limited Partner (LP) operating with offices in Barcelona, Paris, and Zurich with €20 billion in assets under management (AUM). With an increasing focus on sustainability, Amundi Alpha Associates sought to integrate robust carbon performance metrics into their investment and reporting processes.
Challenge
Amundi faced multiple challenges in managing and assessing the carbon performance of their fund of funds:
The need for accurate and sector specific emissions data, at fund and at asset level
Inconsistent and heterogeneous emissions data received from GPs
The ambition to enhance the investment team's expertise in climate finance and carbon metrics
The need to identify the most emissive assets and funds within the portfolio
Carbometrix’s approach
Carbometrix partnered with Amundi Alpha Associates to deliver a detailed carbon performance analysis by :
Developing a consistent methodology to measure the carbon performance of Amundi’s fund of funds
Computing financed emissions across 9 infrastructure funds and 70 assets
Ranking GPs based on their climate maturity and carbon performance
Improve Amundi’s investment team's understanding of carbon-related issues and how to leverage carbon data in their investment decision-making and due diligence processes
Outcome
Amundi gained enhanced transparency at both fund and asset levels within their portfolio. They are now better equipped to engage confidently with GPs on climate strategies and to advocate for stronger decarbonization efforts. Ultimately, Carbometrix supported Amundi in fulfilling both regulatory reporting obligations and growing expectations for robust carbon performance data.