LGX Corner - November

This month, we bring you our commitment to GFANZ, a cooperation agreement with FMDQ in Nigeria, insights into the increase in social bond issuances and the increased scope of the LGX DataHub.  

At the COP26 in Glasgow, our CEO Julie Becker announced that LuxSE is joining the Net Zero Financial Service Providers Alliance (NZFSPA), part of the Glasgow Financial Alliance for Net Zero (GFANZ).

Supported by the UN Sustainable Stock Exchanges initiative, NZFSPA gathers financial service providers committed to supporting the goal of global net zero greenhouse gas emissions by 2050 or sooner, in line with the ambition to limit the global temperature increase to 1.5°C above pre-industrial levels.

“As an exchange, we are working towards net zero emissions within our own operations and just as importantly, we commit to ensuring our products and services support a high ambition, engaging with all our clients and stakeholders on sustainability matters and supporting them in defining credible pathways to net zero greenhouse gas emissions," noted Julie Becker.

To foster crucial cooperation within global capital markets, the Luxembourg Stock Exchange and FMDQ Securities Exchange Limited signed a Listing Agent and Cooperation Agreement to facilitate the dual listing on LuxSE and FMDQ of securities issued by financial institutions and corporates domiciled in Nigeria. The cooperation was announced and celebrated in relation to the launch of FMDQ’s green exchange earlier this month.  

“We are pleased to enter into this cooperation agreement with FMDQ Exchange and work together to create synergies and connections across our markets. Cooperation within global capital markets is crucial, and partnerships are needed for developing countries to mitigate and adapt to climate change," highlighted Julie Becker in her speech.

During a COP26 side event organised by the Council of Europe Development Bank, our CEO Julie Becker shared her views on the recent uptake in social bond issuances and how it can help foster a more sustainable and inclusive economy.

As part of LFF's event, our Senior Business Development Manager Chiara Caprioli shared her views on the alignment  and complementarity of Islamic and sustainable finance, and the future of these markets.

In its five years of existence, LGX has been marked by many milestones and innovation. Check out this short video to get a complete overview of our extensive service offering and learn more about the drivers of sustainable finance.

The LGX DataHub recently reached yet another milestone - data points on over 5,000 green, social, sustainability and sustainability-linked bonds are now available in one, centralised hub!

This latest scope expansion allows you to compare the project categories and the contribution to the SDGs of 5,000 sustainable investment opportunities and gives you access to the crucial data you need to make and report on sustainable investments.

Our LGX Academy lecturers recently co-organised a training with the Global Green Growth Institute of South Korea (GGGI) for professionals from the Vietnamese financial industry. The collaboration serves to encourage the greening of the financial system in Vietnam, through the issuance of green bonds.

About 50 participants from financial institutions, private companies, banks and stock exchanges were in the audience, such as HNX, HOSE, and Vietnam Securities Depository.

As a stock exchange, organising such trainings is one of the ways in which we contribute to the development of sustainable capital markets in emerging countries.

The Republic of Peru made its debut on LGX with 2 sustainability bonds, totalling USD 3.25 bn. The proceeds will be invested in an array of sustainability projects, covering a total of 13 of the 17 SDGs, from projects supporting vulnerable groups and ensuring access to essential services to managing natural resources, land use and sustainable agriculture among others.

The Danish container shipping and logistics company Maersk's inaugural EUR 500 m green bond was also displayed on LGX. Aligned with the EU Taxonomy and issued under the company’s recent Green Finance Framework, the bond will enable Maersk to fund the construction of containerships c

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