CPR AM licences five funds with new climate rating

Ridhima Sharma
CPR AM licences five funds with new climate rating

CPR Asset Management, part of Amundi, has become the first asset manager to climate rating Climetrics to market its funds.

Developed by international non-profit and climate specialist, CDP and ISS-climate, Climetrics gives investors an assessment of a fund’s climate-related risks and opportunities. The independent rating allows investors to assess the long-term impact of their investments and to ensure they are well-positioned in the transition to a low-carbon economy.

CPR AM uses the Climetrics rating to differentiate its offering in the fund market and demonstrate its commitment as a responsible investor. Using data from CDP, which has the most comprehensive collection of self-reported environmental data in the world, holdings are scored on their current carbon emissions, exposure to fossil fuels, use of clean technology, and their forward-looking strategies for managing long-term climate and deforestation risks.

Funds are based on a five-part rating scale and the Climetrics methodology consists of three parts: a fund’s holdings, its investment policy, and governance.

The integration of Climetrics further distinguishes CPR AM’s ESG offering. It awards the best, 5-leaf, rating only to funds managed by asset managers that take public action to integrate climate change into their governance and investment processes. Investments in 5-leaf Climetrics funds may be best-placed to encourage the fight against climate change.

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