Amundi - Corporate Social Responsibility Report 2016

Economic, social and environmental information Act as a responsible financial institution

A certified SRI approach As a pledge of confidence for our clients, Amundi (1) is the first management company to have its SRI work certified by AFNOR. This certification, issued by a reputable independent organisation, guarantees the quality and the transparency of its SRI approach through seven service commitments (expertise, data traceability, information, responsiveness, etc.). Governance devised specifically for responsible finance ESG governance within the Amundi Group centres around two committees – guarantors of the strength of ESG analysis and the Group’s societal commitment: p the internal ESG Committee, chaired by a member of Amundi’s Senior Management, validates and disseminates the ESG ratings; p the Advisory Committee tasked with alerting and advising the Group is chaired by an external individual. It is primarily composed of external experts with recognised skills and Amundi practitioners. Amundi also leads the Medicis Committee, a think tank dedicated to responsible finance, which brings together the CEO of Amundi and prominent individuals from various nationalities and backgrounds. Its purpose is to study the major economic, social and environmental questions and how they translate into responsible finance. Specialised teams Amundi has enlisted numerous resources to implement SRI management: p a department dedicated to responsible investment and impact performs the ESG analyses on over 4,000 issuers, applies the formalised engagement policy, and ensures relations with market groups and the promotion of these topics; p Amundi’s Corporate governance and Quantitative research teams are focused on ESG matters. They help to set our voting policy at general shareholders’ meetings, dialogue with companies and devise research protocols to analyse the effect that ESG criteria have on funds’ performance; p outside contractors who supply the extra-financial data. To analyse quality quantitatively, you need coverage of the greatest number of issuers, by the best agencies, and then compare the analyses against each other. Amundi relies on the analyses of its partners, particularly Vigeo-Eiris, the leading firm in Europe, MSCI, a North American agency with global coverage, and companies that specialise in certain subject areas.

Awards Once again in 2016, Amundi was awarded the top ranking in the “SRI & Sustainability” study published by WeConvene Extel and the UK SIF in the “Asset management firms best for SRI/ESG” category. Amundi also came in first place for SRI management in the Palmarès Général Amadéis for the third year in a row. Amundi obtained a score of A+ from the PRIs for its ESG approach, its engagement and voting policy, and for the implementation of its ESG approach in its Listed shares and Financial and non-financial corporate bonds management. In November 2016, Amundi won first place for its SRI strategy, awarded by the initiative for the promotion of responsible investment in Latin America. Initiatives promoting SRI In 2016, Amundi organised several events and actions to promote SRI in its distribution networks and its corporate and institutional clients. Over the course of the year, some 40 awareness sessions were conducted for the sales and marketing teams of Amundi’s partner networks. Amundi’s AFNOR certification requires that it informs and trains its employees. These awareness training sessions are led by the SRI team. In 2016, 76 individuals were trained, bringing the number of trained employees to 357 since 2013. Amundi also participated in ten or so conferences on SRI over the course of the year. For example: p March: Lima, presentation to the investors assembled for the PRIs regarding the various aspects of the integration of ESG aspects in their investment policies; p March: Amundi hosted the RAIR conference (a network of administrators of supplementary pension plan institutions, both public and private) regarding shareholder engagement; p September: Participation in a round table on “the value of green bonds” during the “Investing for a 2 degree world” conference organised by the European Investment Bank; p December: Panel participation during the Option Finance conference on SRI; p December: Amundi welcomed Access to Medicine for the presentation of their 2016 index.

(1) Certification also covers SRI funds of BFT Investment Managers and CPR Asset Management, both management companies and Amundi subsidiaries.

AMUNDI - 2016 Corporate social responsability report

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