Luxembourg Green Exchange reveals SRI listings target

The Luxembourg Stock Exchange, which recently began listing socially responsible investment (SRI) funds on a dedicated platform, is aiming to have 250 listings within a year.

There are currently 11 SRI funds on the platform that the bourse launched earlier this month through its Luxembourg Green Exchange (LGX) business.

The exchange said it is also in listing discussions with around 50 further fund managers who all have relevant funds.

LGX is part of a broader initiative in the Grand Duchy to become a world centre for green finance and last year Luxembourg agreed a finance initiative with China.

LGX, which was launched in 2016, has to date specialised in green bond issuance and more recently in social and sustainable bonds.

Humanis Gestion d’Actifs, Investing for Development, NN Investment Partners, Selectra and Sparinvest are the five managers with funds already listed.

The 250 funds have to gain SRI approvals from label providers that the exchange recognises. These firms are Luxflag, Label ISR, and FNG-Siegel.

Julie Becker, head of LGX, said listing with the exchange would offer benefits to fund promoters, such as “higher visibility” that would allow them to diversify their investor portfolio and “communicate about their sustainable investment strategy”.

©2018 funds europe

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