“Amundi and AIIB launch Asia climate bond portfolio” – Professional Pensions – September 13, 2019

On September 13 2019 Professional Pensions reported that the “Beijing-based Asian Infrastructure Investment Bank (AIIB) and Amundi have launched a $500m (£403m) Asia climate bond portfolio.

The joint project – which expects to mobilise a further $500m from climate change-focused institutional investors – comes as AIIB and Amundi have developed a climate change investment framework to help analyse investment into green and climate-aligned bonds.

The investment framework takes into account three variables – the portion of green business activities, climate mitigation and resilience to climate change – to analyse issuers’ ability to cope with climate change.

AIIB and Amundi will use the Asia climate bond portfolio to invest in labelled green bonds and unlabelled climate bonds while working with issuing companies to help them transition their business models to increase climate resilience and green leadership. The portfolio will seek performance by identifying, analysing and selecting climate champions based on this framework. 

The project will also help develop debt capital markets for infrastructure, drive responsible investing in fixed income and build a sustainable environmental, social and governance (ESG) ecosystem in emerging markets in Asia.

The Asia Climate Bond Portfolio will begin investing in January 2020 and progressively deploy capital in eligible assets.”

You may read the article on the Professional Pensions internet site.