LGX Corner - October

This month, we bring you the EU's first green bond, our revamped LGX fund window, SLB data, a free sustainable finance training by UN SSE, and much more...

EU Commissioner in charge of Budget and Administration Johannes Hahn and Prime Minister of Luxembourg Xavier Bettel joined our CEO Julie Becker and our Chairman Frank Wagener to celebrate the listing of the European Commission's first green bond on our exchange. The EUR 12 billion bond is the world’s largest green bond issued to date and is part of the NextGenerationEU recovery instrument.

Following the revamping of our fund window based on the Sustainable Finance Disclosure Regulation (SFDR) classification requirements, 34% of all fund share classes listed on LuxSE are now classified by their respective asset manager under Article 8 or Article 9 of SFDR. These funds are now featured on LGX!

Our revamped LGX fund window brings investors transparency around the fund’s own SFDR classification. Visit the LGX fund window and explore a range of ESG funds (Article 8) and Impact funds (Article 9).

Sustainability-linked bonds (SLBs) are now integrated into the LGX DataHub, making it much easier for users to find and explore data on these new instruments. Over 100 SLBs are now included in the DataHub and more will be added soon.

But there is more - Following the latest update of the LGX DataHub, structured data points are now available on a total of 4,150 green, social, sustainability and sustainability-linked bonds, issued by 1,000 different issuers across the world. This large scope allows our users to perform more comprehensive and in-depth analysis of sustainability data and make informed investment decisions while contributing to positive green and social outcomes.

For the third year running, our CEO Julie Becker and CSSF Director General Claude Marx co-hosted a ceremony to strengthen public awareness of the importance of financial literacy in Luxembourg, with a specific focus on sustainable finance knowledge and awareness. Fabian Longo and Ben Lyon from the House of Training and Frederic Haupert from CARE Luxembourg joined us to present both organisations' initiatives to increase financial education.

Our CEO Julie Becker and Head of Sustainable Finance Laetitia Hamon celebrated the 5th anniversary of LGX in a hybrid event with Pierre Gramegna, Luxembourg Minister of Finance; Maarten Vleeschhouwer, Head of PACTA at 2° Investing Initiative; Arumna Oteh, Academic Scholar, University of Oxford; Richard Mattison, President of S&P Global Sustainable1; and Bertrand Piccard, Explorer and Founder of the Solar Impulse Foundation, Goodwill Ambassador for UNEP. In a panel that aired on 31 May, organised by Abu Dhabi Global Market (ADGM), LuxSE's CEO and Founder of LGX Julie Becker discussed the role of financial centres in scaling up green finance.

The latest course cycle of the LGX Academy was successful with participants from law firms, banks and professional services firms, among others. While most participants were from Luxembourg, we also welcomed professionals from Switzerland and Australia to our October session.

If you would like to increase your sustainable finance knowledge and gain practical skills with our experienced market experts, watch out for the dates of the next sessions!

Our Sustainability Research Manager Paul Chahine contributed to EFPA Luxembourg’s first book in a chapter focused on sustainable debt instruments and the role they play in directing capital flows into green and social projects.

LGX is proud to support the UN Sustainable Stock Exchanges initiative, the International Finance Corporation and the Climate Disclosure Standards Board as they join forces to provide certified training on climate disclosure and an overview of the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.  

Sign up for the free training to learn about:

EuropCar Mobility Group is making its debut on LGX with the first sustainability-linked bond (SLB) of the car rental industry. The EUR 500 m SLB's KPIs are linked to average carbon emissions and percentage of green vehicles, and are both aligned with the thresholds defined in European regulations and the EU Taxonomy.  

A new GBP 250 m green bond from Kommunekredit is also featured on LGX. Proceeds will be invested in various green projects, such as loans to regions and municipalities in Denmark or clean transportation among others, covering SDGs 6, 7 and 11. The Danish institution is a regular issuer on our exchange.

Sign up to our newsletter and stay up-to-date on everything LGX and the latest developments in sustainable finance.