Innovation: Collaboration with the CDP

Paris, Tuesday 07 July 2020

Corporate

Innovation: Collaboration with the CDP

A pioneering new set of climate ratings for measuring and communicating the global warming path of companies and investments has been launched by global non-profit CDP .

The CDP temperature ratings dataset provides a temperature pathway for over 4,000 global companies, based on emission reduction targets covering all relevant GHG emissions in a company’s value chain. This data is key for investors to better manage climate transition risk and future-proof their portfolios and funds from costly climate change.

As part of an innovative collaboration with CDP, Europe’s largest asset manager Amundi is the first to use CDP’s temperature ratings to grow its ESG research capabilities and measure the temperature of its investment universe. For this launch, the ratings will be piloted on four global multisector equity funds, which have their own investment objectives1.

As part of its ESG research toolbox, the CDP temperature ratings will bolster Amundi’s forward-looking assessment capabilities in order to identify priorities and the degree of action required, notably through engagement with companies across the investment universe to set more ambitious, science-based emissions reduction targets.

We are proud to partner with CDP for this initiative. Investors need to back the companies that are supporting a faster transition of our economy to a low-carbon model, and encourage others through targeted engagement.
Mobilization and concrete action can only be achieved through a common understanding of the target impacts set by companies, and a recognition of the remaining required efforts. CDP’s new temperature ratings support this collective journey as the economic & financial ecosystem develops new methodologies and data. By being better equipped, investors can future-proof their investment universe from the impact of climate change and improve corporate dialogue.

comments Jean-Jacques Barbéris, Member of the Executive Committee & Head of Institutional Clients Coverage and ESG 

1. These “pilot” funds are taken as examples. They do not use CDP temperature ratings as part of their investment objectives and process nor as a constraint when it comes to security selection and portfolio construction.