Five years ago, Candriam defined its proactive strategy to reduce the environmental impact of its operational activities. While the company has doubled in size since then, we have reduced the CO2 emissions of our vehicle fleet, put in place green energy contracts for our buildings and delivered around 50% reduction in the carbon footprint of our paper consumption. With initiatives such as digitalisation (visio/audio conferencing), Candriam aims to raise awareness and even further reduce its weighted carbon footprint.
Our ambition is to offset the carbon footprint of Candriam by funding certified green projects for a twofold “green” portfolio management strategy: the fund targets carbon neutrality while investing in solutions contributing to the energy transition.
We have chosen to fund projects certified by Gold Standard. Gold Standard was initially created by WWF, in cooperation with a broad panel of NGOs, academics and private sector representatives. The certification not only addresses CO2 emissions, but also potential benefits for the socioeconomic development of the country and the participation of the local population in carbon-offsetting projects.
We have selected three types of projects: renewable energy, energy efficiency and reforestation.