French asset manager Amundi has voted in favour of 88% of climate-related shareholder resolutions and 83% of social, health, and human rights-related shareholder resolutions so far this AGM season. Amundi also opposed 8% of director elections due to ESG concerns. The data was announced as Amundi released its voting policy for 2024, with a separate chapter on environmental and social issues included for the first time. In it, Amundi said it will vote against company directors and boards which exhibit an insufficient climate strategy or lag on social practices or management of impact on natural capital. “Together with engagement, exercising our voting rights is a key pillar of our stewardship activity and deploy Amundi’s responsible investment agenda,” said Caroline Le Meaux, Global Head of Research, Engagement and Voting. “Amundi has a clear approach, which is consistent, ambitious and pragmatic, searching for the balance path towards a sustainable low carbon economy that create value for our clients.” Amundi intends to fully exercise its responsibility as an investor by voting at all general meetings, whenever it is operationally possible, according to its voting policy. Casting a vote every year at more than 10,000 general meetings allows Amundi to share its views with investee companies and hold them accountable on their ESG practices, it said in a statement.
