Candriam Sustainability Profile
Candriam, officially known as Candriam Investors Group, is a prominent asset management firm headquartered in the United States. Established in 2000, the company has made significant strides in the investment landscape, focusing on sustainable and responsible investment strategies across major operational regions, including Europe and Asia. Specialising in a diverse range of investment solutions, Candriam offers equity, fixed income, and multi-asset strategies, distinguished by their commitment to integrating environmental, social, and governance (ESG) factors into their investment processes. This unique approach has positioned Candriam as a leader in sustainable finance, earning recognition for its innovative products and strong performance. With a robust market presence, Candriam continues to achieve notable milestones, reflecting its dedication to delivering value to clients while promoting responsible investing practices.
DitchCarbon Score
How does Candriam's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Candriam's score of 30 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Candriam's reported carbon emissions
In 2023, Candriam reported approximately 536,000 kg CO2e in Scope 3 emissions, specifically from business travel. This figure highlights the company's ongoing commitment to understanding and managing its carbon footprint. In 2022, Candriam's total emissions amounted to about 15,142,000 kg CO2e, with Scope 1 emissions at approximately 1,168,350 kg CO2e and Scope 2 emissions at around 815,540 kg CO2e, resulting in a combined total for Scope 1 and 2 of about 5,793,170 kg CO2e. Candriam has set ambitious climate commitments, aiming for carbon neutrality by 2050 at the latest. This long-term target encompasses all Scope 3 emissions, reflecting a comprehensive approach to climate action. Additionally, the company has established near-term reduction targets, aiming to reduce Scope 1 and 2 emissions by 70% or more by FY 2030, using FY 2019 as the baseline. Candriam's emissions data is not cascaded from any parent organization, indicating that the reported figures are independently sourced. The firm is actively working towards its climate goals, demonstrating a commitment to sustainability and responsible investment practices.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 0,000,000 | - |
| Scope 2 | - | - | - | - | 000,000 | - |
| Scope 3 | 1,080,000 | 0,000,000 | 000,000 | 000,000 | - | 000,000 |
How Carbon Intensive is Candriam's Industry?
How Carbon Intensive is Candriam's Location?
Candriam's Scope 3 Categories Breakdown
Candriam's Scope 3 emissions, which increased by 374% last year and decreased by approximately 50% since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Candriam's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Candriam has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
