Why does Amundi argue that oil and gas companies should be included in EU transition funds?

Amundi’s chief responsible investment officer, Elodie Laugel, argues that excluding fossil-fuel producers from transition funds would hinder asset managers’ ability to engage with and pressure those companies to reduce carbon emissions over time; she states, 'The more you have exclusion constraints on the transition category, the more you are missing the objective of actually using asset managers like us to help companies to transition.'

What challenge does Amundi identify in the EU’s proposed revisions to the Sustainable Finance Disclosure Regulation (SFDR) regarding transition funds?

Amundi says the EU’s current proposal for transition funds—part of the broader SFDR revision—does not go far enough in allowing asset managers to hold oil and gas companies, calling it a 'challenge for us'; this comes amid ongoing debates among EU lawmakers about whether to require such funds to exclude fossil-fuel companies still expanding production, a disagreement that has already delayed a critical vote on the SFDR revisions.

Amundi Says Oil, Gas Crucial to EU’s Clean-Energy Transition

Jul 17, 2026

Amundi urges the EU to permit oil and gas investments in transition funds, arguing exclusions hinder decarbonization efforts. This comes during an SFDR regulatory overhaul amid energy security concerns and growing industry pushback against strict ESG mandates.

bloomberg

2026-07-17

Amundi Says Oil, Gas Crucial to EU’s Clean-Energy Transition

Amundi Says Oil, Gas Crucial to EU’s Clean-Energy Transition

FAQ