10 years LuxFLAG – A Luxembourg success story in sustainable finance

LuxFLAG celebrated its 10th anniversary on the 22th of November at the European Investment Bank. 130 delegates from the industry and society followed the invitation to mark a decade of supporting sustainable finance. Her Royal Highness the Grand Duchess, Honorary President of LuxFLAG; Pierre Gramegna, Minister of Finance; Ambroise Fayolle, Vice President of the European Investment Bank and Thomas Seale, Chairman of LuxFLAG addressed the audience on this special occasion.
«LuxFLAG is helping to make money available where there is a lack of it, permitting people to make decisions of their own, giving them independence. We must continue to be there for them», HRH the Grand Duchess.
«The history of LuxFLAG began 10 years ago, with the launch of the first and unique Microfinance Label in the world. Today, LuxFLAG is on track to repeat this success story in the field of green and sustainable finance. I would like to congratulate the whole team for 10 years of inspiring work, and ensure them of the government’s continued support in the years to come», Pierre Gramegna, Minister of Finance.
«As a Charter Member, we are proud to support this multi-stakeholder initiative which aims to promote the raising of capital for the responsible investment sector. Going forward, further collaboration between EIB and LuxFLAG could be envisaged, especially as LuxFLAG is preparing to launch a green bond label», Ambroise Fayolle, Vice President, EIB.
Thomas Seale, Chairman of LuxFLAG, expressed his gratitude to all parties involved in shaping LuxFLAG to what it has become: «We have achieved a Luxembourg and European reputation as a serious and credible finance labelling agency. We want to spend the next decade building on our current base to become a reference, the Gold Standard, for responsible finance».
LuxFLAG was created in 2006 as a public-private partnership initiative with the purpose to develop and bring transparency to the Microfinance industry by providing clarity to investors. As the Microfinance Label reached recognition in markets worldwide, LuxFLAG extended its path in Responsible Investing with the introduction of the Environment Label in 2011 and the first European ESG Label in 2014. The creation of the Climate Finance Label in September 2016 set a further milestone in strengthening Sustainable Finance. LuxFLAG has issued 52 investment fund labels worth nearly 13 billion€ assets under management from a variety of international asset managers based in more than 10 countries.