LGX Corner - November

We are pleased to announce that we have acquired a stake in Util, a global sustainability data provider based in the UK. Led by Eldridge, the USD 6 million seed investment round will support Util's expansion and help meet the growing demand for ESG data coverage. 

"A growing number of investors are now seeking solid sources of sustainability data to evaluate the positive or negative SDG contributions of different companies as this allows them to make informed investment decisions that reflect their sustainability objectives,” our CEO Julie Becker noted. 

In the COP27 side event we co-organised with the Global Green Growth Institute on Finance Day, 9 November, a series of expert guests from Luxembourg and Africa explored what can be done to scale up sustainable finance in the region. 
 
Watch the replay of the 90-minute event to learn more about the role that governments, private companies and stock exchanges can play in fostering a more competitive and sustainable economy in Africa. 

Short on time? A comprehensive summary of the event is available on our blog. Click here to read it and find out how to unlock Africa's many opportunities in the sustainable finance sphere. 

In a pre-COP27 interview, our Head of Sustainable Finance Laetitia Hamon sat down with Delano to share her expectations and hopes for the future of sustainable finance and an increased cross-border cooperation between developed and emerging markets. 

Released last month, our latest market study is now available on our website. Created by our LGX experts, it focuses on the current level of EU Taxonomy-related disclosure for green, sustainability and sustainability-linked bonds listed worldwide. 

At the 2022 Greek Ship Finance Forum, organised by Marine Money, our Senior Business Development Manager and Sustainable Finance Expert Chiara Caprioli explained how sustainable debt issuances can help maritime and shipping companies access the capital they need to meet their decarbonisation objectives. 

As part of Luxembourg for Finance's online China Finance Forum 2022, our CEO Julie Becker moderated a panel dedicated to the role green finance in China's transition with expert guests Dr. Yin Hong, Deputy Director of Modern Finance Research Institute, Industrial and Commercial Bank of China, and Prof. Wang Yao, Director General, International Institute of Green Finance. 

The LGX Academy provided a tailor-made training to over fifty senior executives and officials from public and private entities in Cambodia in order to build capacity of thematic bond issuance in the country. Our lecturer and Sustainability Research Manager Paul Chahine put his knowledge to use by giving market participants the tools to identify the best bond for their needs, understand best market practices and discover practical examples. 

European company for financing of railroad rolling stock Eurofima brought its new EUR 500 m green bond to LGX, where the company is flagged as a 100% Climate-Aligned Issuer! The proceeds will be invested in electric passenger transport according to the company's Green Bond Framework, which is aligned with the EU Taxonomy. 

Invitalia, the National Agency for inward investment promotion and enterprise development, made its debut on LGX with an inaugural EUR 350 m social bond. The proceeds will notably finance MSMEs led by women and facilitate the development of female and youth entrepreneurship. 

A USD 10 m green bond from Micro, Small & Medium Enterprise Bonds (Symbiotics) was displayed on LGX. The proceeds will finance the sale of solar kits created by Sun Kind in Sub-Saharan Africa. The kits provide affordable solar power systems to homes that do not have access to electricity through regular power grids. 

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