NH-Amundi Asset Management, IFM Investors Sign ESG Investment Cooperation MOU

[Asia Economy Reporter Hwang Yoon-joo] NH-Amundi Asset Management announced on the 17th that it has signed a business agreement for ESG collaborative investment with IFM Investors in Sydney, Australia.

IFM Investors is the world's fourth-largest global infrastructure asset manager, established by 19 local pension funds. Since its founding in 1994, it has secured a solid position in the global market with a consistent 30-year investment track record. As of June 2022, its assets under management amounted to approximately 200 billion Australian dollars (about 180 trillion Korean won), and particularly in the infrastructure sector, it manages the world's largest IFM Global Infrastructure Fund (IFM GIF), valued at about 50 trillion Korean won.

IFM Investors has announced its commitment to achieving carbon neutrality (Net-Zero) across all asset classes it invests in by 2050. Additionally, it has set a target to reduce carbon dioxide emissions by 1.16 million tons in its infrastructure asset class by 2030, and is actively developing strategies to address climate change risks from an ESG perspective.

Under this agreement, NH-Amundi Asset Management and IFM Investors plan to participate in a global ESG fund. The target of this collaboration, the 'IFM Net Zero Infrastructure Fund (IFM NZIF),' invests in eco-friendly infrastructure assets aimed at achieving carbon neutrality (Net-Zero), such as renewable energy, hydrogen, and electric vehicles, and is evaluated to align with NH-Amundi Asset Management's ESG investment principles. Going forward, both companies plan to continuously expand their investment cooperation to achieve global ESG investment goals.