Credit: BIL
To enhance its range of investment products and services that incorporate environmental, social and governance (ESG) criteria, Banque Internationale à Luxembourg (BIL) has announced a strategic partnership with Candriam, a global multi-specialist asset manager and recognised leader in the field of sustainable investing.
To improve its sustainable finance offering, BIL has partnered with Candriam, a leader in this field. The partnership will provide access to Candriam’s ESG expertise: proprietary data, training and advice. With better visibility over and a greater ability to measure ESG factors, BIL will be better equipped to reflect these in its investment decisions and in the products and services that it offers its clients.
Alessandra Simonelli, Head of Sustainable Development at BIL, said: “We believe that banks have a key role to play in fighting climate change. By providing clients with clear information on the sustainability of our products, and by developing our ESG range, we will be contributing to this. We felt it essential to join forces with a partner like Candriam whose core business is based on combining fundamental analysis with use of ESG data”.
David Czupryna, Head of ESG Development at Candriam, added: “Because they finance the personal and business projects of the future, banks have a key role to play in the transition towards a more sustainable world. Candriam is proud and honoured to have been chosen to support BIL in its journey as a responsible bank. We will do everything we can to advise it and help make its long-term vision a reality”.
Candriam is one of the first signatories of the United Nations Principles for Responsible Investment. For its assessment process, Candriam employs a dedicated ESG research team, which examines companies’ ESG performance either in absolute terms or relative to industry peers, focussing on those ESG factors considered to be most significant.
