Carbometrix

Carbometrix x Amundi

Enhancing portfolio transparency and calculating carbon performance for an LP in infrastructure

❝ Carbometrix has proven to be the go-to carbon specialist for measuring the carbon footprint of our fund of funds. Their approach not only delivered accurate and reliable results aligned with our expectations but also helped train our teams to deepen their understanding on carbon issues. We particularly valued the knowledge and expertise of the team and the seamless collaboration throughout the project. ❞
Viviane Ting
Viviane Ting
Amundi
Head of CIO Office

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.

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