LuxFLAG would like to take this opportunity to thank all the associate members, charter members and other partners for attending our traditional New Year Cocktail reception hosted on 30 January 2020.
We wish you all a prosperous 2020!
LuxFLAG is pleased to announce that it has been awarded the ISAE 3000 Type II certification by EY Luxembourg in respect of LuxFLAG’s system of internal controls for label issuance services to Sustainable Finance vehicles for the period 1 July to 31 December 2019. With this, LuxFLAG becomes the first sustainable finance labelling agency in Europe to obtain such an external assurance certification.
EY’s examination was conducted in accordance with the International Standard on Assurance Engagements 3000 (revised) (“ISAE 3000”), issued by the International Auditing and Assurance Standards Board and as adopted for Luxembourg by the “Institut des Réviseurs d’Entreprises”. The ISAE 3000 type II report awarded to LuxFLAG provides assurance that its “Description of Labelling Services Provided by LuxFLAG” (the “Description”) is fairly presented, and the controls were suitably designed and operating effectively to achieve the control objectives stated in the Description for the period reviewed.
Denise Voss, Chairwoman of LuxFLAG, said: “We are very pleased to receive this independent internationally recognized accreditation under ISAE 3000, which reaffirms the robust internal processes, suitability of the design of controls, and operating effectiveness of the defined controls in relation to labels issued by LuxFLAG.”
LuxFLAG released a press release on this ocassion which is available for consultation here.
LuxFLAG is pleased to announce that 26 new funds have been granted a LuxFLAG label bringing the total to 183 investment products (101 ESG, 3 Climate Finance, 11 Environment, 32 Microfinance, 21 Green Bonds, 15 Applicant Fund status) as at the 12th of December.
These products are domiciled in seven jurisdictions viz. Belgium, France, Germany, Ireland, Italy, the Netherlands and Luxembourg and are managed in 14 countries.
The number of LuxFLAG labelled investment products grew by 78% since the beginning of the year reflecting the growing importance of highlighting the ESG credentials of fund products and a strong growth in sustainable investing.
The newly labelled ESG Funds are:
Funds which were granted the LuxFLAG ESG Label Applicant Fund Status are:
Funds which were granted the LuxFLAG Environment Label are:
The newly-labelled Microfinance Fund is:
The new fund which was granted the Microfinance Label Applicant Fund Status is:
LuxFLAG Labels are valid for a period of one year and are subject to renewal on expiry.
Kindly contact us for further information.
LuxFLAG is pleased to welcome 8 new members – Aberdeen Standard Investment Luxembourg, Bonn Steichen and Partners, Clearstream, GAM Investments, Morningstar Luxembourg, OTCFin, Rating-Agentur Expert RA, and Société Générale Private Wealth Management – counting in total 94 Associate Members.
Aberdeen Standard Investments is one of the world’s largest financial investment companies created in 2017 from the merger of Standard Life and Aberdeen Asset Management. Operating under the brand Aberdeen Standard Investments, the investment arm manages £525.7bn, €587.6bn, $669.1bn of assets, making it the largest active asset manager in the UK and one of the largest in Europe. It has a significant global presence and the scale and expertise to help clients meet their investment goals.
Bonn Steichen and Partners is an independent full-service law firm based in Luxembourg. The company is committed to providing the very best legal services to its domestic and international clients in all aspects of Luxembourg business law. Building on the synergy of different professional experiences and the richness of its diverse cultural background, BSP stand ready to meet our clients’ legal needs, no matter how challenging they are.
Clearstream is a leading European supplier of post-trading services. The wholly owned subsidiary of Deutsche Börse ensures that cash and securities are promptly and effectively delivered between trading parties. It also manages, safekeeps and administers the securities that it holds on behalf of its customers. Over 300,000 domestic and internationally traded bonds, equities and investment funds are currently deposited with Clearstream.
GAM Investments is an independent global asset management firm built by investors for investors. The company focuses on a truly active management of differentiated investment strategies. With a 35-year heritage, they invest their clients’ capital using active strategies across discretionary, systematic and specialist solutions. By focusing on superior investment returns, a differentiated product offering, global distribution strength and operating efficiency GAM Investments seek to deliver sustainable growth for all stakeholders.
Morningstar believes that great investing advice means understanding investors’ hopes, dreams, and ideals to find out what really matters. It doesn’t just focus on the finish line— it focuses on the journey. The company has been empowering investor success since 1984 and has seen firsthand how great advice can help people reach their goals.
Founded in 1990 OTCFin specialises in providing financial data management, risk and regulatory reporting solutions and services. With their roots in enterprise-wide risk management technology consultancy, the company is familiar with the various faces of implementing an effective centralised data repository. From data feed automation and data quality monitoring to pricing/risk systems implementation ultimately to produce accurate and actionable data outputs and reports, OTCFin has a proven track record in building concrete solutions that work.
Rating-Agentur Expert RA (RAEX-Europe) is an independent European credit rating agency, affiliated with the international group RAEX, which has more than 20 years of experience in rating and analytical industry. RAEX-Europe assigns classic credit ratings according to the international scale as well as non-credit ESG ratings (environmental, social & governance). The Agency also issues ESG rankings, Green Bond second opinions, as well as organises business events and meetings.
Société Générale Private Wealth Management (SGPWM) is a UCITS management company and an AIFM operating under the authority of the Luxembourg regulator, the CSSF (Comité de Surveillance du Secteur Financier). Subsidiary of Société Générale Bank and Trust, SGPWM offers investment solutions dedicated to large private and institutional investors. Working closely with its clients, it is supported by a global network and benefits from a broad spectrum of expertise.
Are you interested in becoming an Associate member? Get further details here.
LuxFLAG would like to take this opportunity to thank all participants, speakers, hosts, partners and media partners for making the first edition of LSIW19 such a great success.
There were 16 sessions hosted by LuxFLAG Associate Members, over 475 participants and approx. 35 speakers over the course of three days.
LSIW19 was your event and your opinion is extremely important to us. We would be grateful if you could take a moment to provide us with your feedback here.
LuxFLAG is pleased to read the insights of our associate members published in the 2019 November/December issue of Delano Magazine. Check out the online edition.
LuxFLAG General Manager, Sachin Vankalas, gave a keynote speech at Nordic Investment Managers Forum #NIMF which took place in Luxembourg on 18 October 2019. The discussion inlcuded different investment strategies, the growth of sustainability, reasons for sustainable investing and much more.
Denise Voss, Chairwoman of LuxFLAG, took part in a panel discussion at Sukuk Summit on 11 November 2019. The topic focused on implementing a sustainable financial apparatus to achieve the SDGs.
Sachin Vankalas represented LuxFLAG at the ALFI Switzerland Roadshow in Geneva and Zurich on 13 and 14 November 2019 which included specific ESG investing sessions at both events.
LuxFLAG General Manager, Sachin Vankalas, hosted a ‘Lunch & Learn’ on Sustainbale Finance at Arendt & Medernach on 18 November 2019. The LuxFLAG Team were also present at this event.
LuxFLAG is pleased to have contributed to the supplement of Börsen Zeitung on 30th of October 2019. Read more
Building on the successful events celebrating Luxembourg’s Impact Ecosystem during the two last years, the Luxembourg Microfinance and Development Fund (LMDF) in partnership with the Ville de Luxembourg (VdL) and the impact investing players and supporters across the Grand Duchy, turned once again the spotlight on where business/finance converge with social/environmental impact.
Sachin Vankalas, General Manager of LuxFLAG, took part in the jury in order to select four projects which were provided the opportunity to pitch at the event.
The LuxFLAG Team were also exhibitors at the event, where they promoted the activities and achievements of LuxFLAG on the 1st of October 2019.
The Luxembourg Finance Labelling Agency is an independent and international non-profit association created in Luxembourg in July 2006 by seven private and public founding partners to support sustainable finance: the Luxembourg Government, ALFI, ABBL, ADA, the European Investment Bank, Luxembourg for Finance and the Luxembourg Stock Exchange (Charter members). In 2023, ACA has become the eighth Charter Member of LuxFLAG.
