The Luxembourg Green Exchange (LGX), a green bond-dedicated platform launched in 2016 by the Luxembourg Stock Exchange (LuxSE), now welcomes SRI funds for trading.
It seeks to ease global efforts towards meeting the sustainable development goals (SDGs) set by the United Nations and the targets of the Paris Climate Agreement.
Some 11 SRI funds, managed by five asset managers (Humanis Gestion d’Actifs, Investing for Development, NN Investment Partners, Selectra and Sparinvest), were available at the opening of the platform’s fund window, aiming to capture and display all ESG, green and social funds recognised by fund labelling organisations. Around 2,500 SRI funds are tallied across Europe according to LuxSE.
LuxSE said half of the world’s green bonds are currently listed in Luxembourg as its green platform displays more than 170 green, social and sustainability bonds from issuers worldwide.
“The opening of the fund window works in the ultimate interest of investors. The value of our model is that LGX focuses on transparency, allowing investors to get all the information they need to make informed decisions. At the same time, fund promoters benefit from higher visibility, allowing them to diversify their investor portfolio and communicate about their sustainable investment strategy,” commented Julie Becker, head of LGX and member of the Executive Committee of LuxSE.