Candriam, which signed the Montreal Carbon Pledge initiative in late September, has committed to publish the carbon footprint of its SRI funds.
The evaluation of the portfolios’ carbon footprint by Candriam takes into account scopes 1 and 2 of the greenhouse gas (GHG) emissions of the different private issuers included in the SRI funds and their benchmark indices. These GHG emissions are standardised with respect to issuer turnover (tons of C02 emitted per million dollars of turnover), thus enabling a comparison among differently sized companies within the respective portfolios.
All Candriam’s SRI funds have a carbon footprint of 209.55 tons C02 / USD million of turnover, i.e., 16% less than the composite benchmark index.
The table below shows the results for Candriam’s SRI funds and their benchmark index per asset class. The differences highlighted in green indicate that the total carbon footprint of the SRI funds comprising this asset class is lower than that of the composite benchmark index for the same asset class.
*100% = 3.049.374.101 USD
Sources : Candriam calculations based on data output by Trucost, Facset, and the MSCI, iBoxx and Citi WBIG indices constituents
This evaluation is one of the environmental indicators on which are based the SRI fund ESG indicators.