A LuxFLAG Label is a unique tool at the disposal of Asset Managers which they can use to highlight the Sustainability/ ESG/ Impact credentials of their investment products. Investors use LuxFLAG Label to identify sustainable investment products, as it offers them the possibility to differentiate ‘wheat from the chaff’. The LuxFLAG Label is an independent, internationally recognized validation of compliance with the label criteria, that reflect regulatory and best market practices.
Application Session | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
Application submission deadline | 31 Dec. 2024 | 31 Mar. | 30 Jun. | 30 Sept. |
Sample selection / evidence collection | 25 Jan.* | 25 Apr.* | 25 Jul.* | 25 Oct. * |
LuxFLAG Team review and Management review | 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 | 28 Mar. | 27 Jun. | 30 Sept. | 19 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.
The Applicant Fund / Product should review the desired LuxFLAG Label Eligibility Criteria in order to verify its complianceÂ
Contact LuxFLAGÂ to discuss the application process
Complete and sign the subscription form, and submit it to LuxFLAG
The standard application review takes about two months upon which LuxFLAG will inform the decision to the Applicant Fund / Product
Of course, the Applicant Fund / Product can apply anytime!
The standard application process consists of:
Meeting or call with LuxFLAG in order to understand the Eligibility Criteria and application process
Completion and signature of the submission form by the Applicant Fund / Product which covers a period of three years
Signed submission form to be sent to operations@luxflag.org as per Checklist and related documentation.
LuxFLAG Labels are awarded at a sub-fund/strategy/individual product level.
All Labels are awarded for a period of 3 years and are due for renewal upon expiry. The label cycle consists in an initial review and two intermediary reviews. The fees are respectively 6000 euros and 3000 euros per applicant
Want to learn more about LuxFLAG and its Labels?
Wish to schedule a meeting or call?
Get in touch!
In 2019, LuxFLAG became the first sustainable finance labelling agency in Europe to obtain the ISAE 3000 Type II (International Standard on Assurance Engagement) certification.
Since then, LuxFLAG has annually obtained the renewal of this certification. This certification underscores LuxFLAG’s commitment to maintaining rigorous standards for its processes and services related to issuing labels to Sustainable Finance investment vehicles.
Are you wondering what a label is? Or which label is relevant to your investment product? Look no further!
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.
LuxFLAG Applicant Fund Status is a unique tool at the disposal of Asset Managers which they can use to highlight the Sustainability/ESG/Impact credentials of their newly launched investment products to boost the marketing effort in the initial subscription phase.
