CARBON ATTRIBUTION
Measure your carbon footprint. Reveal your carbon performance.
Global commitments such as COP15 accelerate the shift toward low-carbon investment strategies. Reducing exposure to carbon-intensive issuers, reallocating toward credible transition leaders, or integrating carbon costs into valuation models has become a core part of modern portfolio construction.
Yet one essential question remains: How much carbon do these decisions really avoid—and what is their true impact on performance compared with a standard benchmark?
The challenge comes from the financial reality of carbon:
Companies will need to purchase certificates to cover their future emissions, exposing late movers to rising costs.
Their decarbonization strategies—aligned with long-term European objectives—aim to progressively reduce CO2.
The true challenge for investors is managing both sides of the equation: the future cost of carbon and the measurable financial impact it generates. This demands a transparent, consistent investment-grade methodology linking both returns and emissions.
AMINIDS turn this complexity into actionable insights through a dual attribution: excess carbon & excess return.
A TWO-LAYER ANALYTICAL FRAMEWORK DESIGNED FOR PERFORMANCE-DRIVEN DECARBONIZATION
A clear, investor-ready methodology that connects carbon reduction with financial impact.
FUTURE CARBON – Quantify the future carbon cost today
The first layer calculates each company's future financial carbon cost by multiplying its CO2 emissions by the carbon unit price.
Carbon cost modeling
Our logic uses discounted carbon methodologies to calculate the current cost of future carbon cash flows using the interest rate curve.
Key inputs
CO2 PATHWAY:
Current emissions and the company’s decarbonization trajectory.
CERTIFICATE COST PROJECTION:
Estimates of future expenses related to carbon allowance.
DISCOUNTED CARBON COST:
Estimated future costs, discounted to today and translated into a measurable return effect.
From carbon cost to performance impact
Our methodology calculates all the effects on return once the discounted carbon cost of each company is know.
Effective Return:
represents the company's final measured performance once the modeled impact of future carbon costs has been integrated and deducted.
Carbon-Neutral Return:
shows how the company would perform without the impact of future carbon costs.
Carbon Cost Return:
isolate the negative impact of future carbon certificates.
This approach is then applied consistently across the portfolio and multiple benchmarks, ensuring a balanced and comparable view of performance and carbon exposure.
CARBON ATTRIBUTION – Seeing your strategy’s impact, side-by-side
This second layer makes your decarbonization strategy measurable—both environmentally and financially.
Carbon perspective
Excess Carbon (Environnemental impact)
Quantify carbon truly avoided.
Compare your portfolio's adjusted carbon footprint against the benchmark (in tonnes of CO₂). You can then instantly see the real carbon savings generated by your investment choices, which will help you to understand the impact of your decisions.
Performance perspective
Excess return (Financial impact)
Reveal the true value of Alpha
By neutralizing all future carbon costs from both portfolio and benchmarks returns, the model isolates your pure performance in a carbon-neutral world.
Performance attribution
Granular attribution, carbon-neutral world
Clean attribution without noise.
Pure alpha is decomposed into security selection and sector allocation, with full detail available across sectors, countries, etc., giving your the complete, granular picture of value generation.
ajouter le tableau --> "Footprint allocation"
WHAT THIS BRINGS TO ASSET MANAGERS
CARBON COMMUNICATION
Quantify your carbon reduction achievements and demonstrate tangible effects on performance. Turn your strategy into a measurable, client-ready story.
GRANULAR INSIGHTS
Pinpoint the sectors and securities behind excess carbon and excess return.
CARBON-NEUTRAL RETURNS
Get a carbon-neutral view of returns to instantly identify which companies truly create value in a decarbonizing market.
EXPLORE MORE: RELATED TOPICS
FROM INSIGHT TO IMPLEMENTATION: EXPLORE THE RIGHT MODULE
These modules form the core foundation to help you implement your processes efficiently and with precision
TAKE CONTROL OF YOUR CARBON IMPACT
With AMINDIS, gain a clear, quantified view of how your decarbonization choices influence both carbon exposure and portfolio performance — through a transparent and investment-grade carbon attribution methodology.
Join the asset managers already strengthening their allocation decisions, proving the value of their carbon strategy, and enhancing client communication with reliable carbon-neutral insights.
Book your personalized demo and experience the of Carbon Attribution.