CPR AM licences five funds with new climate rating

Ridhima Sharma
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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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