CPRAM opens its biodiversity investment strategy to international investors
CPRAM announces the launch of CPR Invest – Biodiversity, a Luxembourg-domiciled fund that places the preservation of biodiversity at the centre of its investment strategy. Initially aimed at French clients, the fund is now open to international investors. This launch marks another step in CPRAM’s commitment to environmental issues, with assets under management totalling nearly €10 billion1. It also forms part of Amundi’s and the Crédit Agricole group’s strategic plans to continue developing innovative solutions to preserve natural capital.
Published on 8 December 2025
Biodiversity, essential to life, is also a global economic and financial challenge
The Earth is experiencing biodiversity loss that has accelerated over the past 50 years2. With 50% of global GDP dependent on natural resources3, biodiversity loss represents an overall cost estimated at more than USD 500 billion per year4, and the mobilisation of economic and financial actors is essential to limit these effects.
Committed since 2018 to climate issues through a recognised range of solutions, CPRAM launched in December 2023 a biodiversity-dedicated strategy to encourage companies to reduce their pressures on ecosystems. This strategy — CPR Invest – Biodiversity — is now available to international investors.
The CPR Invest – Biodiversity strategy
The management objective is to outperform the MSCI World index over the long term5 through active management of international equities while integrating Biodiversity and ESG criteria into the security analysis and selection process. This approach aims to reconcile financial and extra‑financial performance through a rigorous methodology aligned with the Kunming‑Montreal objectives6.
CPRAM has formalised a methodology for analysing companies’ performance on biodiversity, developed with the scientific support of the French National Museum of Natural History (Museum national d’Histoire naturelle), and structured around three pillars: Land, Water and Climate. This multi‑sector approach pays particular attention to sectors with high biodiversity stakes (food, chemicals, consumer goods, etc.).
After excluding activities or practices that are structurally incompatible (e.g., intensive exploitation and soil pollution, deforestation…), companies demonstrating the best-in-sector practices are selected according to three criteria: environmental footprint, efforts undertaken and credibility. The portfolio is then constructed by favouring securities that offer the best financial attractiveness, while targeting improvements in three extra‑financial indicators: water consumption, recycling rate and carbon intensity.
Managed within the Quantitative team by Rodolphe Taquet, the fund also relies on a proprietary stock‑selection model enabling dynamic multifactor management developed by a team with an average of more than 20 years of professional experience.
The strategy is classified as Article 8 under the SFDR7.
Cyrille Collet, Head of Quantitative Equities Management, declares: “Our approach to selecting companies with practices that support biodiversity is carried out in several stages: excluding companies that harm biodiversity, then selecting those that contribute to the transition and reduce pressure on biodiversity. CPRAM’s convictions are also reflected in our engagement with companies through shareholder dialogue so that they integrate biodiversity issues.”
Noémie Hadjadj‑Gomes, Head of Investment Expertise & Solutions and ESG Lead, comments: “Our Research, ESG and portfolio management teams work alongside thematic experts to help deliver a more sustainable future. With the support of the Museum national d’Histoire naturelle, our teams combined financial and scientific perspectives to build a robust methodology for analysing companies on biodiversity, which underpins our CPR Invest – Biodiversity strategy.”
The strategy and CPRAM’s methodology are part of Amundi’s commitments to integrate biodiversity into its internal analysis and investment processes. In 2021, Amundi joined the Finance for Biodiversity Pledge, whose signatories committed to assess their impact on biodiversity, set targets and report on biodiversity in the context of their own investment and financing activities. Furthermore, as part of preserving natural capital and protecting ecosystems, biodiversity is one of Amundi’s priority engagement themes.
1 Assets under management as of 30/09/2025 — Source: CPRAM
2 IPBES, 2019, Global Assessment Report on Biodiversity and Ecosystem Services
3 World Bank, Secure Our Future through Biodiversity, 12/2022
4 WWF, in partnership with Global Trade Analysis Project, Global Futures Report, 2020
5 At least 5 years
6 Kunming‑Montreal Global Biodiversity Framework, 2022–23
7 SFDR = Sustainable Finance Disclosure Regulation