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ESG Discretionary Mandate
ESG Discretionary Mandate
The LuxFLAG ESG Discretionary Mandate label is intended for risk management products that contribute to the transition towards mitigation and adaptation to the climate crisis, as well as to other environmental and social issues included in the United Nations’ Sustainable Development Goals.
Eligibility Criteria
| Portfolio | 100% screened (“look through” applied) |
| SFDR | Article 8 or 9 |
| Exclusionary policy | LuxFLAG ESG exclusions |
| If DM invested through funds | 75% of funds Article 8 or 9 |
| Legal requirements | Authorized under discretionary portfolio management agreement or wealth management agreement |
| Transparency / disclosures | Mandatory |
Application Cycle
| Application Session | Q1 | Q2 | Q3 | Q4 |
| Application submission deadline | 31 Dec. | 31 Mar. | 30 Jun. | 30 Sept. |
| Sample selection / evidence collection | 25 Jan.* | 25 Apr.* | 25 Jul. * | 25 Oct. * |
| LuxFLAG Team review and
Management review |
Jan. – early Mar. | Apr. – early Jun. | Jul. -early Sept. | Oct. – early Dec. |
| LuxFLAG Eligibility Committee review | Early / Mid Mar. | Early / Mid Jun. | Early / Mid Sept. | Early / Mid Dec. |
| LuxFLAG Board review | End Mar. | End Jun. | End Sept. | End Dec. |
| Communication of decision | 29th Mar. | 29th Jun. | 29th Sept. | 21st Dec. |
*The sample selection can only be conducted by 25th Jan./Apr./July/Oct. if the application package has been provided in due time. Otherwise the sample selection will be treated on a best effort basis.
