CMC Invest adds ESG feature for insights into sustainability, social responsibility and ethics

Rick Steves

CMC Invest has launched an Environmental, social and governance (ESG) offering, which allows users to identify and measure a business’s impact on society, the environment, and how transparent and accountable it is.

ESG investing has become a very popular talking point as awareness around sustainability, social responsibility and ethics continues to grow.

CMC Invest is addressing the growing demand for ESG investing – according to finder.com, 77% of investors now considering ethical investing – by launching a new feature that displays ESG data in its mobile investing app, for shares, exchange-traded funds (ETFs) and investment trusts.

Overall sustainability rating, ESG risk scores, controversy rating, etc

Greater insight into how assets stack up in terms of ESG will help CMC Invest’s customers to make investment decisions that suit their own investment journey while providing the same frictionless and transparent investing experience as before.

For funds (ETFs and Investment Trusts), investors can now see an overall sustainability rating, ESG risk scores, and which contentious product areas investments within the fund are involved in, as a percentage.

For shares, investors can see an overall ESG risk score, a controversy category rating, and which contentious product areas the company is and isn’t involved in. Areas covered range from animal testing to nuclear power.

Customers who are still getting to grips with ESG can make use of definitions and explanations of all the terms in the ESG section in order to gain a deeper understanding of the data

CMC Invest launched Plus Plan

CMC Invest has recently launched a new Plus plan, offering flexible stocks and shares ISAs, a USD currency wallet, and a wider investment choice all for a flat custody fee of £10 per month.

Allowing customers to build an investment portfolio that suits them, the UK investment platform’s new plan that features flexible stocks and shares ISA is targeted at customers wanting to invest up to £20,000 each tax year and shield their investment returns from tax.

Flexible ISA is something only a limited amount of investment providers offer and allows customers to take money out of their ISA and place the money back again within the same tax year without impacting their ISA allowance.

In the UK, dividend allowance and capital gains tax annual exemption will be slashed from £12,300 in the current tax year to £6,000 in 2023/24 and £3,000 in 2024/25. This makes flexible ISAs a particularly valuable proposal for customers.

In addition to a flexible ISA, the Plus plan provides members with a USD currency wallet for their general investment account (GIA), alongside the default GBP wallet that comes with all CMC Invest accounts. This means users will hold both a GBP wallet and a USD wallet. Saving customers money on FX fees.

CMC Invest will continue to offer a £50 welcome bonus for new customers and three months free on the Plus plan. Investors that already have an existing general investment account and/or stocks and shares ISA are able to transfer their portfolio at no cost. However, it’s worth noting that the customer’s existing provider may charge for exiting.

To access the current available benefits, the CMC Invest app is free to download and use, with no minimum spend required. Customers can already invest in over 1,500 UK and US shares, ETFs and Investment Trusts. Investments are commission-free. Money is personal and how it is invested should be too. That is why choosing the right investment provider matters.

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