Candriam unveils sustainability recovery-focused academic partnerships

On the 12/04/20 at 8:02AM


Tuba Raqshan

The asset manager has collaborated with several European universities to support the transition to a circular economy and create a sustainable finance centre.

Candriam announced its new academic partnership with the UCLouvain (Université catholique de Louvain) to continue the development of the Chair in regenerative economics, by supporting teaching and research on circular economy. At the global level, the rate of circular economy is only 8.6%, illustrating the magnitude of opportunities for investors. This comes at a time when exhaustion of natural resources and inefficient waste management are major concerns as they have a significant impact on the economy, society and the ecosystem.

The partnership, led by Yves de Rongé, professor at Louvain School of Management and Wim Van Hyfte, director of Candriam’s ESG investment and research, will result in several projects. These include the development of a PhD research on key indicators of the circular economy, creation of a barometer of the economic circularity with the aim of measuring companies’ progress, development of an in-depth analysis of different sectors to identify companies’ practices and metrics to measure their progress and development of reporting and cooperation with the council of Candriam’s environmental advisory committee.

Candriam has also partnered with the Vlerick Business School in Belgium to create the Sustainable Finance Centre. Led by David Veredas, professor of market finance, the Brussels-based centre will focus on its first research project on the role of artificial intelligence (AI) in the measurement of Scopr 3 greenhouse gas emissions to ensure accurate, relevant and transparent reporting of corporate value chain emissions. Scope 3 emissions include all indirect emissions, both upstream and downstream, emitted throughout a company’s value chain, contributing significantly to its carbon footprint. Assessment of Scope 3 emissions can help companies identify potential energy risks and highlight opportunities to improve supply chain performance.

These new partnerships complement Candriam’s existing associations such as the ‘Sustainability, Investment, Inclusion and Impact (SI3) initiative with the Grantham Research Institute at the London School of Economics, Research Chair dedicated to sustainable finance at the Kedge Business School (France) and Climate Investment Challenge with the Imperial College London, among others.