Since August 2022, we have expanded the investor profile to take into account your sustainability preferences.
In the context of investment advice, your advisor is limited to selecting products from a list established by our specialists and validated by the Comité de Produits d’Investissement (« CPI »). However, a distinction is made between ESG and non-ESG products. Today, the Bank considers a product to be ESG when it is recognised as such by a recognised entity and/or on the basis of its SFDR classification.
- ESG investment funds and ETFs (Exchange Traded Funds) :
- Funds classified as «Article 9» (with a defined sustainability objective) under the SFDR regulation.
- Funds classified as «article 8» (promoting ESG characteristics) in the sense of the SFDR regulation and having a label issued by LuxFlag (ESG, Environment) or Febelfin (Towards Sustainability).
- Bonds : Specific label for green and social bonds: ICMA Green Bond Principles / ICMA Social Bonds Principles.
- Structured products: The Bank has currently decided not to classify structured products as ESG.
- Equities: N/A (the Bank does not provide investment advice on equities)
Thus, we have a transparent process for classifying a product as ESG. These products are clearly highlighted on our selection lists, which your advisor uses as part of an investment advice, where you are informed about the ESG nature of the product.
As regards discretionary management, we are advised by an external provider; the selection of products is limited to investment funds.
Our external provider’s selection team integrates sustainability risks by selecting investment funds that have solid sustainability-risk integration processes, which include monitoring controversial issues and sustainability indicators. All of our directives integrate these sustainability risks. The directive categorised under Article 6 is not predominantly composed of funds with a sustainable investment objective or that promote environmental or social criteria.
For this directive, the underlying investments do not take into account the European Union criteria for environmentally sustainable economic activities.