Amundi prepares for investment mandate shift

Scaling back: Wright holds a copy of a report on US liquified natural gas exports while speaking to reporters in Washington. US money managers are adapting to a political reality in which net-zero targets have been called “a sinister goal” by Wright. — AFP

PARIS: Amundi SA is positioning itself for a realignment in investor flows triggered by a growing divide in how asset managers on either side of the Atlantic handle stewardship and climate policies.

There are already signs that a number of asset owners across Europe are currently conducting reviews of their US mandates, said Jean-Jacques Barberis, head of institutional and corporate division and environmental, social and governance (ESG) at Amundi.