The vast majority of actively managed Swisscanto funds with traditional asset classes focus on a continuous reduction in the intensity of greenhouse gas emissions (CO2e emissions) of at least 4% per year, plus economic growth. We use the GHG Protocol (Greenhouse Gas Protocol), which is the international standard for accounting for greenhouse gas emissions.
The decisive factor for the inclusion of CO2e data in asset management is a data basis that is both clearly quantifiable and meaningful. However, if Scope 3 or even Scope 4 emissions are to be included in addition to Scope 1 and 2, this still proves to be challenging at present. Scope 1 and Scope 2 data is currently used for our Swissscanto funds with a reduction pathway.
In an ideal world, this categorisation would help to comprehensively determine the intensity of greenhouse gas emissions of companies and, as a result, of investment portfolios. In practice, it is challenging. Scope 1 and 2 are well understood; scopes 3 and 4 less so.