About us
Who we are
LuxFLAG (Luxembourg Finance Labelling Agency) is an independent and international non-profit association created in Luxembourg in July 2006 by seven private and public founding partners to support sustainable finance: ABBL, ADA, ALFI, the European Investment Bank, Luxembourg for Finance, the Luxembourg Stock Exchange and the Government of Luxembourg. In 2023, ACA has become the eighth Charter Member of LuxFLAG
The agency aims to promote the raising of capital for the Responsible Investment sector by awarding a recognizable label to eligible investment vehicles amongst others. The labels’ objective is to reassure investors that the applicant invests in the Responsible Investment sector.

Pacte E&DH
Charter members
Milestones








Governance

HRH the Grand Duchess Maria Teresa
Her Royal Highness the Grand Duchess Maria Teresa
Her Royal Highness the Grand Duchess Maria Teresa has been the Honorary President of LuxFLAG since 2006.
On 10 June 1997, Her Highness was made a Goodwill Ambassador for UNESCO, through which she aims to promote the education of young girls and women and fight against poverty through microcredits. Her commitment to social causes is reflected in her patronage of many charitable organizations in Luxembourg and abroad, and in her many trips to the world’s poorest regions.

Isabelle Delas
CEO of LuxFLAG
Isabelle Delas has joined LuxFLAG as CEO in May 2022.
She was formerly the Head of Luxembourg Branch of Finance in Motion GmbH, a leading impact asset manager, as well as a Member of the Board of Managers of FiM Asset Management S. à r. l.
Isabelle also worked in Rome (Italy) for the International Development Law Organization (IDLO), the intergovernmental organization (UN Observer) promoting the rule of law to advance peace and sustainable development globally, where she designed and developed technical assistance and capacity building programs with associated research on a wide range of topics, including environmental and social issues, good governance, gender and human rights, microfinance, procurement, in a number of developing and post-conflict countries.
Prior to joining IDLO, she was Assistant Professor at the University of Versailles-Saint-Quentin in Yvelines, France and Visiting Professor in the Master’s degree on “Management of Development Aid Projects in Africa” at the University of Paris XI, France.
She holds degrees at Post-Graduate and Master levels in Law from the University of Poitiers, France. She is also a volunteer member of the World Association for the Protection of Tangible and Intangible Cultural Heritage in Times of Armed Conflict (WATCH) and of the IUCN World Commission on Environmental Law.
Isabelle is currently a Member of the Boards of Directors of the Inclusive Finance Network Luxembourg (InFiNe.lu) and of the European Microfinance Platform (e-MFP) as well as a member of the ILA Sustainability Strategy Committee.