As the Annual General Meeting (AGM) season draws to a close, it is time for a first assessment for Amundi, Europe’s leading asset manager and a major shareholder in many listed companies. For the time being, the results are mixed. On the one hand, Amundi’s own AGM, during which the investor presented a disappointing climate strategy, was marred by a great opacity, which continues with the absence of publication of the answers to the shareholders’ written questions. On the other hand, Amundi’s votes on climate issues in all the companies in which it is a shareholder are very heterogeneous – with progress on certain subjects but the absence of a clearly defined red line with regard to oil and gas expansion. In particular, Amundi has supported the false climate plans of Repsol and BP, which nevertheless continue to open new oil and gas wells. In the coming weeks, Reclaim Finance will follow other key Amundi votes for – or against – the climate, notably with regard to TotalEnergies and Shell, pointing out whenever necessary the inconsistencies between its “climate leader” rhetoric and its direct and indirect support to fossil fuel companies.