LuxFLAG, the Luxembourg Finance Labelling Agency, is pleased to announce the launch of the LuxFLAG Climate Finance Label which will be granted to eligible investment funds financing climate change mitigation and/or adaptation measures. As international and independent agency, LuxFLAG aims to provide a transparent assessment and certification to climate finance investment funds. With the grant of the quality label, investors can be confident that their investments help financing climate change action. Four asset management companies - East Capital, Finance in Motion, Luxembourg Microfinance and Development Fund and Nevastar Finance - have already committed to apply for the LuxFLAG Climate Finance Label.
In the unprecedented global fight against climate change, Luxembourg has set its targets to shoulder its responsibility towards the international community. LuxFLAG is part and parcel of the Government's and industry partners' double strategic objective
- to make a credible contribution to the international fight against climate change
- to establish and position Luxembourg as an international center for climate finance.
The launch of three new projects led by the European Investment Bank, the Luxembourg Stock Exchange and LuxFLAG, will be the first promising outcomes of the Climate Finance Task Force. The Ministry of Finance, the Ministry of Sustainable Development and Infrastructure and the Ministry of Foreign and European Affairs are actively supporting the LuxFLAG initiative in its mission to support sustainable finance.