AIIB and Amundi launch climate change investment framework

10 September 2020
| By Chris Dastoor |
image
image
expand image

A new Asian Infrastructure Investment Bank (AIIB)/Amundi Climate Change Investment Framework is being launched with the benchmark investor tool being used to assess climate change risks and opportunities in line with three objectives of the Paris Agreement at the issuer level.

It was endorsed by green and climate bond market certifier, Climate Bonds Initiative, and would aim to fill the gap that current private capital mobilisation efforts lacked.

The three key objectives focused on:

  • Fundamental metrics;
  • Equipping investors with a new tool to assess an issuers level of alignment with climate change mitigation; and
  • Adaption and low-carbon transition objectives.

At the Climate Bonds Initiative international conference, Jin Liqun, AIIB president and chair of the board of directors, said: “The global climate challenge is a huge threat to our world and urgent multilateral action is needed to address this crisis and help our members meet their commitments to the Paris Agreement.

“In launching this framework, we and our partners show our commitment to playing an important role in the battle against climate change, by contributing to strengthening market capacity and driving the green agenda in Asia.”  

Yves Perrier, Amundi chief executive, said mobilising key stakeholders in supporting the Paris Agreement in Asia was in line with Amundi’s commitment to environmental, social and governance (ESG) investing and reflected the firm’s commitment to the region.

“This new framework will further help the investment community address climate change through the mobilization of capital to emerging markets where it is much needed,” Perrier said.

Sean Kidney, Climate Bonds Initiative chief executive, said action on climate meant private sector involvement to create green capital markets.

“With this Framework, AIIB and Amundi are laying a new foundation for the development and growth of climate finance and transition investment in the region,” Kidney said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

1 day 9 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

1 day 9 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

1 day 10 hours ago