Candriam to cut 50% emissions by 2030

Joins Net Zero Asset Managers Initiative

clock • 1 min read
The firm has also become a signatory of the $57trn Net Zero Asset Managers Initiative
Image:

The firm has also become a signatory of the $57trn Net Zero Asset Managers Initiative

Candriam has committed to achieving net zero greenhouse gas emissions by 2050, while setting out an additional aim to reduce emissions by 50% across a significant share of its investment portfolio by 2030, as the COP26 climate conference gets under way.

According to the €150bn multi-asset manager, it has already reduced the carbon footprint of its sustainable funds by at least 30% on average, with a few its funds reaching further reductions targets. The firm's enhanced climate strategy, set to be published in early 2022, will move beyond integrating scope 1 and 2 emissions targets and include the integration of carbon performance to scope 3 emissions - those that are the result of activities from assets not owned or controlled by the manager. The firm has also become a signatory of the $57trn Net Zero Asset Managers Initiative, which...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

Trustpilot