Climate change is the greatest challenge of our times. Since the Paris Agreement in 2015, Amundi has strengthened its ambition to support climate action across geographies and asset classes. In July 2021, we were proud to commit to achieving net zero emissions by 2050 and joining the Net Zero Asset Managers Initiative. In accordance with this commitment, Amundi has pledged to phase out coal by 2030 for European and OECD countries, and by 2040 for the rest of the world, an engagement detailed in our Thermal Coal Policy.
In line with our Net Zero ambition, Amundi unveiled in December 2021 a 2025 ESG Ambition Plan, covering ten goals highlighted in three target areas. The plan 3 main commitments are to strengthen Amundi’s offer in ESG saving products to serve sustainable development, deepen our engagement towards investee companies, and set objectives internally in line with our ESG ambitions.