On behalf of the LuxFLAG Board, I am very pleased to announce the appointment of Isabelle Delas as Chief Executive Officer of LuxFLAG, with effect from 16 May 2022.

As from this date, Isabelle will take the reins of LuxFLAG, which promotes sustainable investments by awarding a recognized label to eligible investment products.

I firmly believe that Isabelle, an experienced manager of impact investment funds with a passion for sustainable finance, will play a key role in the future development of LuxFLAG.

Isabelle has demonstrated a long-term commitment towards sustainability since she started her career in 2001 with the International Development Law Organization in Rome (Italy), where she gained practical international experience on climate change and development finance, prior to moving to Luxembourg 12 years ago.

She is currently Head of the Luxembourg Branch of Finance in Motion GmbH, a leading impact asset manager, and a Member of the Board of Managers of FiM Asset Management S.à r.l.

I am also convinced that Isabelle’s sound knowledge of the Luxembourg financial centre’s sustainable finance ecosystem will help LuxFLAG cater to the needs of its Associate Members and to raise sustainability awareness with a broader range of financial actors.

The tragic passing of Sachin Vankalas, former Chief Executive Officer of LuxFLAG, in July 2021 from COVID-19 was a great loss for his family, for LuxFLAG and for the Luxembourg finance community.

Isabelle, together with the LuxFLAG Board and LuxFLAG team, will continue Sachin’s legacy in contributing to advance the sustainable finance agenda in Luxembourg and in Europe, as we progress on the journey to making finance sustainable.

Denise Voss
Chairwoman, LuxFLAG

LuxFLAG_Press-Release_Appointment-CEO_29032022

15 years for LuxFLAG – the success story continues

LuxFLAG, the Luxembourg Finance Labelling Agency, celebrates its 15th anniversary this year.

Since its inception in 2006 as a public-private non-profit finance labelling agency, LuxFLAG has developed into a key contributor to sustainable finance, well known in Luxembourg but also throughout Europe. The story of LuxFLAG began 15 years ago, with the launch of the world’s first and only Microfinance Label.

Since then, five additional labels were launched, including the recent launch of the LuxFLAG Sustainable Insurance Product Label in November 2021. As at 31 December 2021, 365 labels are granted by LuxFLAG to investment and insurance products representing € 190 billion (€ 190,000 million) of assets under management.  These financial products are domiciled in 9 jurisdictions and are managed by 125 financial institutions in 16 countries.

In 2021, LuxFLAG was once again awarded the ISAE 3000 Type II* certification.  In 2020, LuxFLAG became the first sustainable finance labelling agency in Europe to obtain such a certification, reaffirming the robust internal processes and operating effectiveness in relation to labels issued by LuxFLAG. As we celebrate these milestones, we would like to express our sincere appreciation and profound thanks to everyone who has made LuxFLAG’s journey possible.

First and foremost, we would like to thank HRH the Grand Duchess Maria Teresa, LuxFLAG’s Honorary President, and our 7 charter members and current board members representing ABBL, ALFI, ADA, the European Investment Bank, Luxembourg for Finance, the Luxembourg Stock Exchange and the Luxembourg Government.  Their precious support has been vital to LuxFLAG over the years. We’re also very grateful to LuxFLAG’s former Chairmen – Kenneth Hay and Thomas Seale – and LuxFLAG’s former General Managers – Annemarie Arens and Mario Mantrisi – as well as LuxFLAG’s former board members, for their inspiring and untiring efforts in developing and leading LuxFLAG from 2006 to 2019.

The asset managers and insurance companies who have applied for and been granted a LuxFLAG label have our gratitude for putting their trust in a LuxFLAG label; we look forward to working with them and the wider financial community as we continue the journey to making finance sustainable. We’d like to thank LuxFLAG’s Associate Members, the members of the LuxFLAG label Eligibility Committees and last, but not least, the LuxFLAG team for their commitment and passion for helping make LuxFLAG what it is today; we believe we have a bright future ahead of us thanks to all of you.

Finally, we salute Sachin Vankalas who, during his 10 years with LuxFLAG, including 2 as General Manager, was universally recognized for his expertise and pioneering leadership in responsible investment.  His passion for promoting the development of sustainable finance shone through and was a significant contribution to LuxFLAG’s success.

To read the press release: please click here

As the year draws to an end we are entering a new application cycle for our LuxFLAG label applications.

Application Session	Q1 2022
Application submission deadline	31st Dec. 2021
Sample selection / evidence collection*	25th Jan.
LuxFLAG Team review	Feb.
LuxFLAG Management review	Mid/End-Feb.
LuxFLAG Eligibility Committee review	Early/Mid-Mar.
LuxFLAG Board review	End-Mar.
Final decision announcement	29th Mar.

*The sample selection can only be conducted by 25th January if the application package has been provided in due time. Otherwise the sample selection will be treated on best effort basis.

If you wish to apply within the next application cycle for one or more LuxFLAG labels for your investment or insurance products feel free to contact us. All application documents can also be found on each of the individual label pages under useful information.