The LGX Monthly Roundup
This month, we bring you a Memorandum of Understanding with Rwanda Stock Exchange, a tour of what we expect to be the top 2022 trends in the GSSS bond market, a new LGX Academy course cycle and much more.
Joining forces with Rwanda Stock Exchange
The Luxembourg Stock Exchange signed a Memorandum of Understanding with the Rwanda Stock Exchange to establish a long-term cooperation between the two organisations. The agreement aims at building bridges between the financial services industries in Luxembourg and Rwanda, with a specific focus on the development of sustainable finance.
GSSS bond market: Top 2022 trends
As sustainable finance continues its growth trajectory with record levels of issuance expected this year – and new products are gaining wider traction – what can we expect from the green, social, sustainability and sustainability-linked (GSSS) bond market in 2022?
Financing a sustainable future
We recently co-organised a conference on the topic of “Financing a Sustainable Future, Trends from Luxembourg” with Sacred Heart University Luxembourg with special guest Marc-André Bechet, Deputy Director General of the Association of the Luxembourg Fund Industry, and our Sustainability Research Manager Paul Chahine as speakers.
Ringing the bell for International Women's Day
On 8 March, we joined 110+ other exchanges to ring the bell to celebrate International Women's Day with very special guests from Luxembourg’s financial centre: our CEO Julie Becker, Luxembourg Minister of Finance Yuriko Backes, Director General of CSSSF Claude Marx, Area Managing Partner for Europe, Middle East, India and Africa (EMEIA) of EY Julie Teigland, Chief Executive Officer of Spuerkeess Françoise Thoma. This year, the event and the discussion revolved around the importance of gender equality today to create a more sustainable tomorrow.
Making sustainable finance mainstream
In an interview with the German newspaper Börsen-Zeitung, our CEO Julie Becker dives deep into the main challenges of sustainable finance, from the need for education and comparable and meaningful data, to the importance of establishing common frameworks and definitions.
Laetitia Hamon in the WFE's Women Leaders 2022
Our Head of Sustainable Finance Laetitia Hamon has been included in the prestigious World Federation of Exchanges' Women Leaders 2022 list for her leadership and great contribution to our company and our industry. For the occasion, she opens up about her career, shares what drives and inspires her and offers advice to other women who aspire to be in leadership positions.
Zooming in on new displays
BASF issued a EUR 1 bn green bond that was listed on LuxSE and displayed on LGX. The proceeds will finance projects launched in 2021 as part of the BASF's sustainability strategy. Parts of the proceeds will finance the offshore wind farm Hollandse Kust Zuid, which will be the largest one in the world once fully operational in 2023.
The Brazilian stock exchange B3 (Brasil, Bolsa, Balcão) brought its inaugural sustainability-linked bond to LGX. The USD 700 m bond's sustainable performance targets are linked to achieving a 35% women representation in management and leadership roles and creating a gender diversity index, in line with SDG 5 'Gender Equality'.
Spanish energy company Iberdrola displayed a EUR 1 bn green bond on LGX to partially finance its investments in offshore wind projects, and more specifically the 496-MW Saint Brieuc project off the coast of France and the 476-MW Baltic Eagle in German waters.