The Luxembourg Finance Labelling Agency (LuxFLAG) is pleased to announce that 16 funds have been granted the use of the LuxFLAG label, bringing the new total to 354 investment products, with assets under management of over 154 billion Euro, as at 01st July 2021. This represents a growth in labelled products of 74% over the last 12 months.
With the newly issued labels, LuxFLAG expands its reach to one new jurisdiction viz. the Monaco in addition to Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Luxembourg and Spain.
‘’The asset management industry is determined to play an active role in the sustainable transition of the economy, resulting in the proportion of ESG assets growing every month. Initiatives like LuxFLAG have an increasingly important role to play in this transition by enhancing transparency and credibility to investors.’’ said Denise Voss, Chairwoman of LuxFLAG.
‘’The ever-growing demand for the LuxFLAG label affirms its relevance to investors while highlighting the sustainability credentials of the underlying investment products. In the process of expanding LuxFLAG’s activities and global reach, the stringent eligibility criteria and rigorous application review process remains our top priority’’ said Sachin Vankalas, General Manager of LuxFLAG.
The newly labelled ESG Funds are:
- Credit Suisse (Lux) Thematic Opportunities Equity Fund
- Fon Fineco Patrimonio Global
- Fundsmith SICAV – Fundsmith Sustainable Equity Sub-Fund
- GFG Funds – Euro Global Bond
- GFG Funds – Global Corporate Bond
- GFG Funds – Global Enhanced Cash
- GFG Funds – Income Opportunity
- LFIS Vision UCITS – Equity Defender
- MAM Positive Impact ESG Fund
- Moorea Fund – Sustainable Emerging Markets Equity
- Moorea Fund – Sustainable US Equity
- Multifondo America FI
- Multifondo Europa FI
The funds which were granted the use of the LuxFLAG ESG Label Applicant Fund Status are:
- MACSF Tikehau Financement Croissance
- Tomorrow Private Equity Fund I
- Zencap Real Estate Debt III Umbrella FPS
LuxFLAG Labels are valid for a period of one year and are subject to renewal on expiry. The full list of LuxFLAG labelled funds is available here.
LuxFLAG, the Luxembourg Finance Labelling Agency, is an independent and international, non-profit, organization created in Luxembourg, in July 2006, jointly by public and private partners. LuxFLAG aims to promote the raising of capital for the Sustainable Finance sector by awarding a recognizable label to eligible investment vehicles in Climate Finance, ESG (Environment, Social, and Governance), and Environment, Microfinance, and Green bonds. The LuxFLAG Labels are recognized for their high standards and rigorous assessment of applicant investment Vehicles’ investment holdings, strategy and procedures with respect to ESG matters as well as an affirmation of their transparency to investors – which are key components of the eligibility criteria for the LuxFLAG labels.
In January 2020, LuxFLAG became the first sustainable finance labelling agency in Europe to obtain the ISAE 3000 Type II certification for its system of internal controls for label issuance services to Sustainable Finance vehicles.
Luxembourg Finance Labelling Agency (LuxFLAG)
12, Rue Erasme I L-1468 Luxembourg
Tel: +352 20 28 50 I Fax: +352 22 30 93