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Poor ESG profile could shut off access to capital, Amundi says

With investors pouring record amounts of cash into funds that focus on environmental, social and governance themes, companies that fare poorly on these counts could see their access to fresh equity curtailed, according to Europe’s largest asset manager.

"The direction of travel is that ESG matters more and more, so it’s fair to conclude that access will be very difficult for companies with poor ESG credentials," Amundi SA’s head of equities Kasper Elmgreen Photo: PR / Amundi

"The direction of travel is that ESG matters more and more, so it’s fair to conclude that access will be very difficult for companies with poor ESG credentials," Amundi SA’s head of equities Kasper Elmgreen said in a telephone interview.

"The sequence is high cost of capital at first, and then in the worst cases there will be no access to markets," he said. Paris-based Amundi had EUR 1.59 trillion of assets under management as of July 30.

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