Environment

Reforestation

Candriam wishes to contribute to the reversal of deforestation trends, in order to bring back valuable and productive ecosystems, contribute to mitigating climate change and reclaim ecosystem services benefiting to the local communities. Candriam has therefore chosen to support WeForest a non-profit organization which works towards the reforestation of degraded land in primarily tropical regions. They deploy best practices that relate to landscape restoration, poverty alleviation and social justice.

Restoration of the casamance mangroves in Senegal

Replant mangroves on 2,245 hectares. This is the objective of this ambitious WeForest project,which aims to revitalize the mangroves in order to ensure a high level of biodiversity and to restore sustainable and profitable fishing and farming activities for local communities. It will become part of one of the largest "carbon-certified" mangrove restoration programs in the world. This project will make a significant contribution to the call of the "United Nations Decade for Ecosystem Restoration". The project will seek to obtain and manage a double certification: Verified Carbon Standard and Climate, Community & Biodiversity (CCB).

Candriam’s project commitment:

Duration: 3 years, starting in 2021
Impact: restoration of 494 ha of mangroves
Candriam is not receiving carbon credits. These will be for WeForest and the local community

Climate Projects with Sustainable Impacts

Candriam has a dedicated strategy that invests in companies that bring solutions to tackle climate change. This strategy considers not just individual companies’ carbon emissions, but their overall contribution to the Paris Agreement objectives through their alignment with limiting global warming to well below 2°C. In parallel, the Candriam Institute for Sustainable Development uses a portion of this strategy’s net fees to purchase carbon credits from certified projects to compensate for this strategy’s carbon footprint (scope 1 & 2).

We partnered with South Pole, a leading climate solutions provider and carbon project developer founded in 2006, to select high-quality certified projects from their extensive portfolio. We purchase carbon credits from projects that support reforestation, renewable energy and energy efficiency, worldwide. All the projects have been certified under one of the world's leading voluntary carbon standards, the ‘Gold Standard for 'Global Goals' ensuring they mitigate climate change while also contributing to the UN's Sustainable Development Goals in a meaningful and measurable way.

Selected projects for 2020

Godawari Green Energy Solar Thermal Power, India: This project generates clean electricity, helping to drive India's clean energy transition and create new stable job opportunities for local people
Tropical Mix land Restoration, Panama: Through restoring degraded pasture back into a tropical forest, this project is creating new income streams for small-scale farmers and improving biodiversity
Everbright Landfill Gas Recovery, China: This project is converting waste landfill gas into electricity, creating a circular system and an efficient use of resources, as well as helping to green the regional electricity grid

Selected projects for 2021

Godawari Green Energy Solar Thermal Power, Everbright Landfill Gas Recovery
Vichada Forest Restoration, Colombia : transforming fragile savannah lands into biodiverse forests to combat climate change

Supporting the circular economy

Forward-looking momentum for the environment

New global economic models need to focus on the three key components of the circular economy: reducing, reusing and recycling. To support this transition, we have chosen Close the Gap, an international social business that is working to reduce the digital divide in developing and emerging countries. Close the Gap’s key role is to provide educational, medical and social projects with high-quality used IT devices donated by companies from around the world. From 2003 to 2020, Close the Gap received nearly 1.2 million computers for 3.22 million beneficiaries, supported nearly 7,000 projects, and collected over 2,500 tonnes of electronic waste.

Environment.

Reforestation

Climate Projects with Sustainable Impacts

Supporting the circular economy

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