Group news / Sustainable cities: a new investment opportunity with LCL

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Thursday, 25 April 2024

Sustainable cities: a new investment opportunity with LCL

In keeping with both its strategy as an urban bank and the Group’s Societal Project, LCL is innovating and expanding its responsible savings range to better meet the expectations of its savings and business customers.

From 24 April to 14 June 2024, in partnership with Crédit Agricole CIB, LCL is offering two green debt instruments:
• LCL Impact Ville Durable (April 2024) for Retail Banking
• LCL Autocall City Transition (April 2024) for Private Banking and Wealth Management

All amounts invested in these green debt instruments will be used to finance or refinance sustainable residential property developments.
This means investments will go towards the cost of buying or building energy-efficient properties that comply with thermal regulations and help reduce greenhouse gas emissions and energy consumption in the construction sector.

These new investments will provide LCL customers with a way to invest in a savings product that supports the energy transition.

Crédit Agricole CIB played a leading role in financing the creation of Spain's largest telecommunications operator through the merger of Orange Spain and MásMóvil, the country's second and fourth largest operators. MasOrange will provide fixed and mobile services to 37 million customers and generate estimated sales of €7.4 billion. This historic €6.6 billion financing transaction illustrates CACIB's expertise and ability to carry out transactions of this scale in the telecommunications market.

CACI Dublin and Mudum Seguros, CA Assurances subsidiaries in Ireland and Portugal, have both been awarded Great Place to Work certification for 2024. The award is a first for Mudum Seguros, which joins the community of businesses committed to inclusion, young people and employee development. It’s the eighth year in a row the certification has been awarded to CACI, which has also been named as one of Ireland’s top 30 workplaces in 2024*.

*In the medium-sized business category.

GemCap* Investment Funds (Ireland) plc, which specialises in umbrella funds and is backed by management company Gemini Capital Management, has renewed its contract with CACEIS. The partnership, which covers assets under management in excess of €4.7 billion, encompasses depositary services, custody, fund accounting, transfer agency services and financial statement production.

* The GemCap group specialises in setting up investment funds domiciled in Ireland and offers operational and regulatory solutions to fund managers seeking support in this area.

59.3%

That’s the percentage of people promoted within the Crédit Agricole S.A. Group in France in 2023 that were women.

Under its Medium-Term Plan, Crédit Agricole S.A. remains committed to pursuing greater workplace gender equality, in particular by entering into agreements covering issues such as equity in recruitment, training, promotion and compensation and work-life balance.

A more environmentally friendly way to dye jeans

Over 2.3 billion pairs of jeans are sold worldwide every year, and dyeing jeans is a cumbersome process that uses large amounts of water and chemicals. Danish researchers looking for ways to lower the cost recently developed a new process by modifying a plant enzyme and using LED light. This could also be a way to reduce water pollution in some countries where indigo is used to dye jeans, such as India and China.

Source: Sciences et Avenir

VIDEO

Banquiers Solidaires goes to Kenya

Watch this video to find out more about an assignment undertaken by Estelle Mayringer, from Crédit Agricole Anjou Maine, who went to Kenya with the “Banquiers Solidaires” volunteering programme to help ACRE, a social enterprise in the agricultural microinsurance sector, develop its marketing and communications strategy.
Launched by the Grameen Crédit Agricole Foundation and Crédit Agricole S.A. in 2018, Banquiers Solidaires is a skills-based volunteering programme open to all Crédit Agricole group employees in support of microfinance institutions and high-impact businesses supported by the Foundation.

The intriguing question of Chinese growth

China caused a stir last week when it reported year-on-year growth in the first quarter of 2024 well ahead of expectations at 5.3%, compared with a consensus of around 4.8%.

Find out more