Carbon footprint disclosure by Candriam
As a signatory to the Montreal Carbon Pledge initiative, Candriam discloses the Carbon footprint of all its SRI funds
Candriam, which signed the Montreal Carbon Pledge initiative in 2015, has undertaken to regularly publish the carbon footprint of its SRI funds.
The evaluation of the portfolios’ carbon footprint by Candriam takes into account scopes 1 and 2 of the greenhouse gas (GHG) emissions of the different private issuers included in the SRI funds and their benchmark indices. These GHG emissions are standardised with respect to issuer turnover (tons of C02 emitted per million dollars of turnover), thus enabling a comparison among differently sized companies within the respective portfolios.
All Candriam’s SRI funds have a carbon footprint of 145.8 tons C02 / USD million of turnover, i.e., a footprint that is 34.5% lower than that of the composite benchmark index.
The table below shows the results for Candriam’s SRI funds and their benchmark index per asset class. The differences highlighted in green indicate that the total carbon footprint of the SRI funds comprising this asset class is lower than that of the composite benchmark index for the same asset class.
*100% = 9.642 mia €
Sources : Candriam calculations based on data output by Trucost, Facset, and the MSCI, iBoxx and Citi WBIG indices constituents
This indicator is one of the environmental indicators on which are based SRI-fund ESG evaluation.