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 53% 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 total carbon emissions of approximately 536,000 kg CO2e, all of which were classified under Scope 3, specifically from business travel. This marks a continuation of their focus on addressing indirect emissions, as no Scope 1 or Scope 2 emissions data was disclosed for this year. For the previous year, 2022, Candriam's total emissions were approximately 5,794,170 kg CO2e, comprising 1,168,350 kg CO2e from Scope 1 and 815,540 kg CO2e from Scope 2. This indicates a significant reliance on direct and indirect operational emissions, with a clear commitment to transparency in their reporting. Candriam has set ambitious climate commitments, aiming for carbon neutrality by 2050 at the latest, specifically targeting Scope 3 emissions. This long-term goal reflects their alignment with global climate initiatives and the urgency of addressing climate change. Additionally, they have established near-term reduction targets, aiming to reduce Scope 1 and Scope 2 emissions by 70% or more by FY 2030, using FY 2019 as the baseline. Overall, Candriam's emissions data and climate commitments demonstrate a proactive approach to sustainability, with a clear focus on reducing their carbon footprint and contributing to global climate goals.
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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.
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