Candriam

Candriam's reported carbon emissions

Candriam, a financial services firm headquartered in the US, reported approximately 4.33 billion kg CO2e in Scope 1 and 2 emissions for 2023. This comprises approximately 3.32 billion kg CO2e in Scope 1 emissions and about 1.01 billion kg CO2e in Scope 2 emissions. Additionally, business travel contributed approximately 536,000 kg CO2e in Scope 3 emissions for the same year. Candriam has set ambitious climate commitments, aiming for carbon neutrality by 2050 at the latest. This long-term target encompasses Scope 3 emissions. While not all historical data is fully disclosed across all scopes, Candriam has provided Scope 3 business travel emissions figures for previous years: approximately 644,000 kg CO2e in 2022, 113,000 kg CO2e in 2021, 139,000 kg CO2e in 2020, 1.18 million kg CO2e in 2019, and 1.08 million kg CO2e in 2018. The company has also referenced reduction targets from related entities. For example, Mitsubishi Estate has a near-term target to reduce Scope 1 and 2 emissions by 70% or more by FY2030, with FY2019 as the base year. Deutsche Telekom has committed to a 90% reduction in combined absolute Scope 1 and Scope 2 GHG emissions by 2030 from a 2017 base year. Candriam's reporting indicates that these targets are being tracked. Candriam's reporting is supported by various data sources, including its CSR reports and qualitative reporting documents. The firm is actively involved in climate action, as evidenced by its stated commitment to net-zero emissions and its reporting on emissions data and reduction initiatives.