COP26 and the Race to Net Zero
The COP 26 took place in Glasgow from 31 October to 12 November 2021.
To support the global goal to a zero emission world, Amundi has taken action:
- Amundi, which has joined the Net Zero Asset Managers initiative, is an actor of the just transition and embraces global carbon neutrality objectives.
- Amundi joined the Finance for Tomorrow’s “Investors for a Just Transition” coalition as a founding member.
The United Kingdom hosted the 26th United Nations Conference of the Parties on Climate Change, in Glasgow from 31 October to 12 November 2021.
The COP26 has been described as the last chance to avert the most serious negative impacts of climate change. The current policies are likely to lead to global warming between 2.7 and 3.1°C by the end of the century, far off the 1.5°C trajectory outlined in the Paris Agreement.
Thanks to the commitments agreed by over 200 countries that participated in COP26, this scenario now looks very different. According to the International Energy Association (IEA), the COP26 pledges will put the world on track for 1.8°C warming by the end of the century.
Where do we stand after COP26?
View all of our content from COP26
Net Zero Announcements
Energy transition is not only a financial risk, it is our responsibility. Beyond investors’ mobilization on climate risks, 2021 needs to be the year of climate action for all economic actors. Global GHG emissions need to drop, they need to drop now, and we have a collective responsibility to make it happen. In this race to Net Zero, and with a deep awareness of our responsibility, as a global responsible asset manager, Amundi is proud to embrace global carbon neutrality objectives and to be an actor of the transition by joining the Net Zero Asset Managers initiative.
Just Transition Coalition
Finance for Tomorrow brings together asset managers and asset owners representing €3.6 trillion in the first global engagement coalition to promote a just transition to low-carbon economies. The founding members of the coalition will commit to engaging with companies, encouraging them to integrate the social aspects of the transition into their strategies and to highlight best practices within key industries. Through this collaborative platform, investors will work with different stakeholders (such as companies, labor unions, universities and research institutes) to define a common strategy and specific engagement objectives. To maximize the impact of their engagement efforts, the coalition’s founding members call on all investors and companies to join the initiative in preparation for its international launch at the COP26 in Glasgow.