Products & Solutions Amundi launches MSCI Europe Climate Action ETF with initial investment of more than €500 million

Amundi, Europe’s largest asset manager and the leading European ETF provider¹, today announces the expansion of its climate ETF offering with the Amundi MSCI Europe Climate Action UCITS ETF. The launch is supported by an initial investment of more than €500 million from Ilmarinen, Finland’s largest private earnings-related pension insurance company².

The Amundi MSCI Europe Climate Action UCITS ETF tracks an index designed to identify European companies assessed as the top 50%³ sector leaders in terms of their positioning and actions relative to the climate transition⁴. 

The Index methodology uses metrics such as carbon intensity, Science Based Targets³, climate risk management and revenues to assess, rank and select the leading companies. The index also screens out companies involved in Controversial Weapons, Tobacco, Thermal Coal Mining, Oil Sands and Nuclear Weapons³.

The Amundi MSCI Europe Climate Action UCITS ETF rewards companies in the real economy taking positive action in the fight against climate change, while giving investors an alternative from ESG and Climate ETFs linked to the Paris-Aligned (PAB) and EU Climate Transition (CTB) benchmarks.

Ilmarinen, which provides pension insurance for approximately 1.1 million people and has around €57 billion in investment assets⁵, has made sustainability and responsibility an integral aspect of its company philosophy and investment strategy for more than a decade.