Amundi launches real estate net zero strategy

French asset manager Amundi has launched a European real estate fund focusing on decarbonisation. 

The Amundi Real Estate European Net Zero Ambition Strategy aims to maintain the carbon footprint of the portfolio below the CRREM 1.5°C trajectory model at all times and to target a reduction of 40% in greenhouse gas emissions by 2030.

It will mainly invest in more mature markets in Western Europe as well as some European peripheral markets and will predominantly target offices in prime locations as well as sectors such as logistics, residential, retail, and hotels.

The new real estate strategy forms part of a suite of “net-zero ambition funds” launched across several asset classes to help Amundi reach a global objective of net zero by 2050.

Vincent Mortier, group CIO at Amundi, said: “Trillions of euros of capital will be needed to speed the path to decarbonisation, which cannot be done by governments alone. The global asset management industry – which is expected to be managing over $145trn by 2025 – has the scale to make things happen and trigger the momentum required to get the world to net zero.

“This is why, as a European asset management leader, we are launching the net-zero ambitions range across active, passive, and real assets, so investors can fuel the transition and put their savings to work, while earning investment returns. It is also critical to provide investors with a wide range of choices in order to help them align their investments to a net zero decarbonisation pathway.”