Our climate is changing faster and faster, bringing our world closer to disastrous social and economic consequences every year. We are reaching the tipping point on every planetary boundary, meaning that at the current pace, we will reach a point of no return in this decade, threatening the future of both our planet and mankind.
The latest IPCC Assessment Report[1] issued a clear code red for humanity. Containing the rise of global temperature to +1.5 °C requires drastic and systemic changes in our economies, and every year counts.
For over fifteen years, Candriam has integrated climate change mitigation and adaptation in its ESG analysis. In 2018 we decided to exclude companies with over 10% coal exposure from our investments company-wide. In 2020, we set climate objectives for our SRI strategies[2] with a 30% reduction target of carbon footprints compared to their benchmarks. Our climate approach was commended by the United Nations Principle for Responsible Investment (UN PRI) who named us “industry leader” on climate reporting in 2020 [3].
2021 was a landmark year for our climate strategy as we committed to becoming net zero by 2050, with ambitious 2030 targets, taking our contribution to the fight against climate change to another level. We joined the Net Zero Asset Manager Initiative (NZAMI)[4], where a total of 301 asset managers have committed to support the goal of net zero GHG emissions by 2050 or sooner.
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”We will continue to fight for climate, because it is our responsibility as a global investor, and because we believe it is the best way to protect our clients’ investments in the long run.
We have set clear and ambitious climate targets for 2030. We will report on progress every year.
[1] IPCC: Intergovernmental Panel on Climate Change
[2] "SRI strategies where setting such an objective is possible and relevant, which excludes money market funds, green bonds and thematic funds. For environmental thematic funds, climate objectives have been set using a temperature metric."
[3] Leaders’ Group 2020, PRI reporting analysis, https://www.unpri.org/showcasing-leadership/leaders-group-2020/6524.article
[4] 301 signatories as of 31 December 2022, representing USD 59 trillion in assets under management. Source: The Net Zero Asset Managers initiative – An international group of asset managers committed to supporting the goal of net zero greenhouse gas emissions, https://www.netzeroassetmanagers.org/
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