The Company’s awareness of, and convictions about, societal and climate issues are strong. This label, which is unique in Europe for insurance products, confirms that Cardif Lux Vie is among the top sustainable finance players on the Luxembourg life insurance market.

In practical terms, the label* assures clients wishing to build a more sustainable pension plan that their environmental, social and governance (ESG) expectations will be taken into account, in particular through transparent information sharing and the range of vehicles on offer, which Cardif Lux Vie chooses on the basis of sustainability criteria (General Funds, Internal Collective Funds or selected investment funds).

For example, in its management of the General Fund the Company has been factoring ESG criteria into its investment decisions since 2008. In practice, this means that as well as considering the
BNP Paribas Group’s sectoral exclusions, it systematically analyses all of the portfolio’s underlying assets through ESG screening. Additionally, real securities are selected according to a best-in-class approach within sectors that have not been excluded. The companies with the worst carbon footprint and energy transition rating are excluded from the investment universe, reflecting the aim of prioritising companies able to align their business model with a low-carbon world. Cardif Lux Vie’s General Fund is therefore classed under Article 8 of the SFDR.

“This certification is testament to Cardif Lux Vie’s strategy of becoming a more responsible insurer, investor and employer. Moving forward, in collaboration with its partners, the Company will further its efforts to develop responsible solutions in order to help build a more sustainable future” said Charles Degen, Member of the Executive Committee and Chief Development & Local Market Officer at Cardif Lux Vie.

Isabelle Delas, CEO of LuxFLAG, added: “We are pleased that the OptiPension+ and MyPension+ policies have been awarded LuxFLAG ‘ESG Insurance Product’ certification. This label is known for setting a high bar as well as for its rigorous assessment of investment strategies, the ESG criteria used, and its look-through of the funds included in life insurance policies. These fundamentals are decisive in the label being awarded”.

* Label valid for the year from 1 October 2022 to 30 September 2023.