Candriam

Candriam, an asset management firm operating in the Services auxiliary to financial intermediation industry, has set a long-term target to achieve carbon neutrality by 2050 at the latest, covering Scope 3 emissions.

For its operational emissions, Candriam reported approximately 4.33 billion kg CO2e in 2023, comprising 3.32 billion kg CO2e for Scope 1 and 1.01 billion kg CO2e for Scope 2. Scope 3 emissions, specifically business travel, were approximately 536,000 kg CO2e in the same year.

In 2022, Scope 3 business travel emissions were approximately 644,000 kg CO2e. Prior years also show Scope 3 business travel emissions, with figures such as approximately 1.18 billion kg CO2e in 2019 and approximately 1.08 billion kg CO2e in 2018.

Candriam's 2023 CSR report details their carbon footprint, with various production emission factors related to revenue and energy consumption. For instance, a revenue-based emission factor for Scope 1, 2, and business travel was 0.038 kg CO2e per EUR in 2023.

The company also mentions an ambitious near-term reduction target of 70% or more for Scope 1 and 2 emissions by FY 2030, based on a FY 2019 baseline. This target is cascaded from related entities, with specific references to Mitsubishi Estate.

Candriam has also committed to other targets, including a 90% reduction in combined absolute Scope 1 and Scope 2 greenhouse gas emissions by 2030 from a 2017 base year, a target cascaded from Deutsche Telekom.

The company does not appear to have cascaded emissions data from a parent organisation in the provided information.