Separately, CPRAM, an Amundi subsidiary, has launched CPR Invest – Biodiversity, a Luxembourg-domiciled fund. Previously, the fund had been aimed at French investors.

Managed by Alban de Faÿ, head of responsible fixed income investments, and Daniela Montezuma, credit portfolio manager, the Amundi Responsible Investing Euro Credit Biodiversity Fund delivers financial characteristics comparable to the traditional credit market. However, it also seeks exposure to sectors with high biodiversity stakes and integrates biodiversity preservation, restoration and ESG criteria into its issuer-selection process and portfolio construction, Amundi said.

“Biodiversity loss is a material economic risk as it disrupts supply chains, lowers productivity and devalues real assets. At the same time, investing in the biodiversity theme is gaining traction and can be channelled through tailored fixed income investment solutions,” Amaury d’Orsay, head of the fixed income platform at Amundi, said.

The fund is available in the following countries: Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Italy, Luxembourg, Norway, Portugal, the Netherlands, Spain, Sweden and Switzerland.

CPRAM
Turning to the CPR Invest – Biodiversity fund, CPRAM said the goal is to beat the MSCI World Index over the long term through active management of international equities while integrating biodiversity and ESG criteria into the security-analysis and selection process.

CPRAM said it has formalised a methodology for analysing companies’ performance on biodiversity, developed with the scientific support of the French National Museum of Natural History (Muséum national d’Histoire naturelle), and structured around three pillars: land, water and climate.