ESG Insurance Product
The LuxFLAG ESG Insurance Product is aimed at products that facilitate the transition to mitigate and adapt to the climate crisis, as well as other environmental and social issues embedded in the United Nations Sustainable Development Goals.
Launched in November 2021 as Europe’s first ESG label for insurance products.
|SFDR||Article 8 or 9|
|Exclusion policy||LuxFLAG ESG exclusions|
|ESG integration into investment process||Minimum of 3 ESG strategies|
|Legal requirements||Insurer must be regulated / supervised|
|Transparency / disclosures||Mandatory|
|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
|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.