Amundi S&P Eurozone PAB Net Zero Ambition

ETF description

This ETF aims to provide exposure to stocks from the eurozone that align with sustainability goals, particularly focused on achieving net‑zero carbon emissions by 2050. It tracks an index designed to comply with the Paris‑Aligned Benchmark (PAB) regulations, which prioritize reducing carbon emissions and excluding companies that do not meet specific environmental, social, and governance (ESG) standards. The companies included are selected based on their efforts to contribute to global climate targets and sustainability objectives.

This ETF might appeal to investors interested in combining financial returns with a commitment to addressing climate change. It is designed for those seeking a diversified investment in eurozone equities while focusing on companies that are reducing their carbon footprint or leading in sustainability practices.

Issuer details

Amundi Asset Management is the largest asset manager in Europe, with over €2 trillion in assets under management as of June 2024. Amundi offers a comprehensive range of investment products, including ETFs, mutual funds, active management, and alternative investments, covering a wide array of market segments such as equities, fixed income, multi‑asset, alternatives, and ESG (Environmental, Social, Governance). Founded in 2010 through the merger of the asset management arms of Crédit Agricole and Société Générale, Amundi has a strong commitment to ESG investing and innovation, striving to deliver cost‑efficient solutions to its clients. With an extensive global presence, Amundi’s notable ETFs include the Amundi MSCI World UCITS ETF and the Amundi Prime Global UCITS ETF, highlighting its dedication to providing diversified and sustainable investment options.

Index details

The index is designed to measure the performance of eligible companies from the parent S&P Eurozone LargeMidCap index, selected and weighted to be collectively compatible with a 1.5°C global warming climate scenario at the index level.