Never two without three. LCL Banque Privée has announced that it is finalizing its range of responsible and sustainable thematic allocations. It now proposes a new allocation based on the UN’s 17 Sustainable Development Goals. The offer is available in the life insurance contracts of the 218,000 private banking customers under delegated management. “With LCL Better World, we wanted to go further than just ESG criteria,” says Estelle Ménard, investment director at LCL private bank.
The arbitrage mandate obliges the bank to select units of account that enable it to meet one of the goals for sustainable development and to direct its choices towards international and European equity UCIs as well as thematic shares.
The service is now available from €20,000 on Acuity, Acuity 2 and LCL Acuity Evolution contracts and displays a synthetic risk and performance indicator ranging from five to six on a scale of seven, and its recommended investment period is 6 years.
The 17 SDG goals
The Sustainable Development Goals constitute the road map for achieving a better and more sustainable future for all. They cover all development issues in all countries such as climate, biodiversity, energy, water, poverty, equality, economic prosperity or even peace, agriculture, education, etc. The goal is to reach them by 2030.