The LGX Monthly Roundup
LUXSE NAMED EXCHANGE OF THE YEAR
Advancing gender finance
In May 2022, we signed a Memorandum of Understanding with UN Women, thus committing to advancing financing for gender equality and women’s empowerment.
As the first step of our cooperation, we have started flagging all gender-focused bonds displayed on LGX.
Bringing sustainable finance to new regions
In 2022, we increased our focus on developing sustainable finance initiatives in emerging markets, with cooperation agreements signed with our counterparts in Cabo Verde, Rwanda, Western Africa, Vietnam, Chile and India.
CHAMPIONING SUSTAINABLE FINANCE
In the context of this award, our CEO Julie Becker was interviewed by Environmental Finance about some of the main projects that drove our exchange in the field of sustainable finance over the last twelve months, including gender finance, growth in emerging markets and our initiatives linked to data and education.
We would like to congratulate all our issuers who were nominated at the Environmental Finance’s Bond Awards and the Climate Bonds Awards. Thank you for your outstanding efforts and contribution to sustainable finance!
LIFE AT LUXSE: IN THE EYES OFA SUSTAINABILITY ANALYST
For our series ‘Life at LuxSE’, our Sustainability Analyst Marie Adélaïde Bullukian explains what her role within the LGX team is and gives you a taste of what it is like to work at our exchange.
CATCHING UP ON SUSTAINABLE BONDSDISPLAYED ON LGX
- Back in 2019, Danish power company Ørsted issued a GBP 350 m green bond to finance two offshore wind projects in the North Sea, which are both in operation since then and can power 2.5 m homes. One of them, Hornsea 2, became the world’s largest windfarm with a capacity of renewable energy of 1,320 GW.
- Thanks to a USD 8 bn sustainability bond issued in 2020, the World Bank allocated USD 600 m to a social project aimed at facilitating the delivery of social programmes for Filipinos impacted by COVID -19, and more specifically women. The project is expected to promote financial literacy and enable 4.4 m households to benefit from grants, amongst other objectives.
NEWS FROM THE LGX ACADEMY
On 14 March, the classes for the first cohort of the ESG Analysis Certificate started. Organised by GOVERNART and Bolsa de Santiago, this is the first and only Specialized Training Program in Environmental, Social and Corporate Governance (ESG) Analysis leading to certification in Latin America. The initiative includes 19 modules for a total of 38 hours of virtual classes using the Sustainability Accounting Standards Board (SASB) standards as a key resource. The LuxSE, through the LGX Academy, is collaborating closely with Santiago SE and Governart to support this initiative, notably on the certification side.
ADDRESSING THE KNOWLEDGE GAP
At this year’s edition of Luxembourg For Finance’ Sustainable Finance Forum, our CEO Julie Becker shared her views on the need for more sustainable finance knowledge in the capital market industry, and explained why the knowledge gap is one of the biggest obstacles to the growth of sustainable finance.
ZOOMING IN ON NEW DISPLAYS
The Council of Europe Development Bank (CEB) brought a new EUR 1 bn social inclusion bond to LGX! The proceeds of the bond will be used for eligible loans in one of the categories outlined in the bank's framework: Social housing, education, health and social care and support to Micro, Small and Medium Enterprises.
Energy company Siemens Energy made its debut on LGX with its inaugural EUR 750 m green bond, aimed at financing renewable energy projects contributing to SDGs 7 and 13.
LGX Stats as at 31 March 2023
"Total securities" includes all bonds and fund share classes displayed on LGX.
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