Support for the Ocean Framework with the Fondation de la Mer

From 9-11th of February, the One Ocean Summit takes place in Brest, France.

This international event, held within the context of the French Presidency of the Council of the EU and with the support of the United Nations, aims to raise the collective level of ambition of the international community on marine issues and translate this into tangible commitments on the Ocean.

As part of its environmental commitments, Amundi was proud to participate in this event, with the Jean-Jacques Barbéris, Head of Institutional Clients and ESG Supervisor, speaking in the panel “Investing in Blue, public-private partnerships for the ocean”.

On the sidelines of the One Ocean Summit, Amundi and Accor announced the beginning of a close collaboration with the Fondation de la Mer (Sea Foundation), which has developed a framework to help companies measure impacts and make positive changes in line with the UN Sustainable Development Goal #14 ‘Life below water’. This goal seeks to conserve the oceans and seas, and use marine resources sustainably.

As one of the early contributors who helped define the Ocean Framework, and in line with Crédit Agricole Group’s Societal Project, Amundi started using it as a tool for engagement last year with an initial pool of companies including Accor. Amundi’s engagement focused on four critical sectors (seafood & aquaculture, energy, hotels, and shipping/cruise lines), calling on companies to:

1. Assess their impacts on oceans using the Ocean Framework as a guideline;
2. Report on ocean specific impacts using the KPIs identified in the Ocean Framework;
3. Develop dedicated ocean strategies and policies to include ocean preservation within biodiversity strategies.

Moving forward, Amundi will double the number of companies it engages with, to encourage them to assess and reduce their adverse impacts on the ocean with dedicated performance indicators. Amundi will also seek to allocate more capital towards ocean protection.

Jean-Jacques Barbéris, Head of Institutional Clients and ESG Supervisor comments:

The Ocean Framework supports Amundi’s commitment to natural capital preservation by providing a concrete tool with dedicated performance indicators that enables Amundi to engage with companies on oceans in a more effective way. We are fully committed to increasing our support to companies in their positive contribution to the environment, and are proud to have with worked Accor who are leading the way as an early adopter of the Framework to ensure that oceans are not forgotten in our environmental pledges.