CPR AM, a subsidiary of Amundi, has launched a new fund with CDP that is ‘dedicated’ to the fight against global warming.

The fund is the first time that CDP has been involved in the design and creation of an investment fund, and the fund will invest in companies striving to meet the Paris Agreement’s commitment. Managed by global equities fund manager Alexandre Blein, the fund will have an investment universe of 700 stocks encompassing all geographies and all sectors. CPR AM will use CDP’s analysis and data to help inform investment decisions.

Valérie Baudson, CEO of CPR AM, commented: “Climate change affects all geographies and sectors and we believe companies play a crucial role in ensuring the objectives set in the Paris Agreement are achieved. We take our role as a responsible investor seriously and strive to influence companies’ behaviours to drive positive environmental change, and ultimately portfolio performance”.

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