Thursday, May 3rd, the Luxembourg Green Exchange, listed funds that operate with an ESG integration strategy in the mainstream investment universe.
The listing of Sparinvest -Ethical Global Value and Sparinvest - Ethical Emerging Markets Value on the LGX was marked with a special ‘ring the bell’ ceremony at the exchange.
Nearly half of the world’s green bonds are listed on the Luxembourg Green Exchange. But today’s announcement recognises the vital role that ESG funds also have in building a more sustainable financial future. LGX will only list ESG funds whose sustainability credentials have resulted in the award of a recognised label. Sparinvest’s two LGX listed funds have obtained the LuxFLAG ESG label.
The Luxembourg Green Exchange is ahead of the game here in recognising the strong sustainability credentials of ESG funds. It is expected that the European Commission’s HLEG 2 will focus on ways to identify ESG funds.