The asset manager is lobbying for fossil fuel exposure to be permitted within the bloc’s proposed “transition economy” label, a move that could shape how green investment products are defined.
Amundi is lobbying the EU to permit oil and gas exposure within its proposed “transition economy” fund category. The effort goes to the heart of how the bloc may define transition-focused investment products, which are typically designed to back companies or sectors shifting toward lower-emissions business models rather than meeting a strict green threshold from the outset.