High level statement of the SFDR regulations which came into force in March 2021, including the classification of financial products according to whether they have a sustainable investment objective or whether they promote environmental or social characteristics.
Candriam uses its proprietary ESG framework to define more precisely what it considers a ‘sustainable investment’ under SFDR. This framework contains Candriam’s interpretation and views and is subject to review at any time. ‘Sustainable investment’ is defined by Candriam at company level for corporate investments and at country level for sovereign investments.
Candriam has demonstrated its long-standing commitment to sustainable investing for over 25 years. The firm launched its first sustainable strategy in 1996 and is proudly amongst the founding signatories of the 2006 UN PRI. As a recognised leader in sustainability, the firm believes its actions should have a positive impact on all of its stakeholders.
The principle of ‘do no significant harm’ (DNSH) under European Union’s Sustainable Finance Disclosure Regulation (SFDR) is linked to the consideration of “principal adverse impacts” and alignment of the investments with the so-called ‘minimum safeguards’.
Sustainability is rooted in Candriam's operating model and forms a key part of its corporate culture. As part of our conviction and of our fiduciary duty to our clients, Candriam’s sustainable development strategy leads it to incorporate the overall sustainability trends that will shape the world of tomorrow into our strategic operational and investment choices.
The employees of Candriam are its key assets. Candriam’s objective is to operate an appropriately tailored remuneration policy which is linked to the achievement of a combination of individual, team and corporate goals. It should also be competitive versus peers to attract, motivate and retain talents while ensuring that remuneration is consistent with sustainable business development.
The Investment Stewardship concept calls on investors to use all means at their disposal to create: long-term value for their clients and beneficiaries & sustainable benefits for the economy, the environment and society.
In this document we provide details on the calculation methodology for ESG and impact indicators, including data sources, formulas, and potential limitations of calculations.
The European Union’s Sustainable Finance Disclosure Regulation (SFDR) defines sustainability factors as environmental, social and employee matters, respect for human rights, anti-corruption and anti-bribery matters. Investment decisions and advice have direct or indirect impacts which may result in negative effects on sustainability factors. “Principle adverse impact” (PAIs) are defined as negative, material or likely to be material effects on sustainability factors (environmental, social and employee matters, respect for human rights, anti-corruption and anti-bribery matters) that are caused, compounded by or directly linked to investment decisions and advice performed by the legal entity.
As a Responsible investor, Candriam pays particular attention to the corporate governance policies, structures and practices of the companies in which it invests on behalf of its customers and the funds under management. It is Candriam’s conviction that sound corporate governance practices deliver long-term shareholder value
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