LuxFLAG announces the revision of its Label Eligibility Criteria, in alignment with the EU Sustainable Finance Disclosure Regulation (SFDR) requirements. The revision will affect the Eligibility Criteria of its Climate Finance, Environment, ESG and Microfinance Labels.
The principal changes to LuxFLAG’s Label Eligibility Criteria are the requirement for Applicant Investment Funds to comply with the requirements defined under Article 8 or Article 9.
|Label Name||Type of Label||Disclosure requirements as per SFDR|
|LuxFLAG Climate Finance Label||Impact Label||Art 9|
|LuxFLAG Environment Label||Impact Label||Art 9 /Art 8|
|LuxFLAG Microfinance Label||Impact Label||Art 9|
|LuxFLAG ESG Label||Sustainability Transition Label||Art 8 / Art 9|
LuxFLAG envisages a transition period for the full compliance during the course of 2021.