Article

The European Union's commitment to carbon neutrality, as outlined in the Paris Agreement, is facing scrutiny as asset managers shift fund classifications to avoid penalties rather than reassess investments. Notably, Amundi's rebranding of funds has not led to a significant change in investment strategies, continuing to finance fossil fuel companies. Reports show that major companies, including TotalEnergies and Shell, are far from meeting decarbonization targets, raising concerns about the genuine commitment to sustainability among these investments.