Amundi funds: Sustainable Finance Disclosure Regulations (SFDR) reclassification
Amundi Global ESG Ecology Equity Fund and Amundi Multi-Asset Sustainable Future Fund Sustainable Finance Disclosure Regulations (SFDR) reclassification
New regulations came into effect on 1st January 2023. These regulations relate to how funds can be categorised in relation to their sustainability, with funds categorised as follows:
- Article 9 being the most sustainable funds, having a sustainable investment as their objective.
- Article 8 being less sustainable but promoting, among other characteristics, environmental and social characteristics.
- Article 6 covers funds which do not integrate any kind of sustainability into the investment process.
Amundi has made a decision to update the SFDR classification of the following funds:
- Amundi Global ESG Ecology Equity Fund
- Amundi Multi-Asset Sustainable Future Fund
As a result, from 2nd January 2023, the classification of these above funds will change from “Article 9” to “Article 8” under the SFDR.
The objectives of the funds will be adapted by Amundi to reflect the promotion of environmental, and/or social characteristics within the meaning of Article 8 of the SFDR and will no longer refer to sustainable investments related to Article 9 of the SFDR.
This reclassification does not involve any change in the investment strategies and the other ESG characteristics or current features of these funds and, therefore, has no impact on their portfolios or their risk profiles.
If you would like any further information, please speak to your Irish Life account manager.