Candriam to cut 50% emissions by 2030

Joins Net Zero Asset Managers Initiative

Candriam has committed to achieving net zero greenhouse gas emissions by 2050, while setting out an additional aim to reduce emissions by 50% across a significant share of its investment portfolio by 2030, as the COP26 climate conference gets under way.

According to the €150bn multi-asset manager, it has already reduced the carbon footprint of its sustainable funds by at least 30% on average, with a few its funds reaching further reductions targets. The firm's enhanced climate strategy, set to be published in early 2022, will move beyond integrating scope 1 and 2 emissions targets and include the integration of carbon performance to scope 3 emissions - those that are the result of activities from assets not owned or controlled by the manager. The firm has also become a signatory of the $57trn Net Zero Asset Managers Initiative, which...