CSR - Corporate Social Responsibility

CSR - Corporate Social Responsibility

At the Luxembourg Stock Exchange (LuxSE), CSR is a natural and integral part of the overall business strategy and the company’s operations. With the slogan “Always in motion”, LuxSE works towards long-term goals that bring value to all stakeholders, while at the same time, contributing to making capital markets more sustainable.

2020 underscored the need for LuxSE to slightly adapt its CSR Strategy. In times of crisis, the market player wanted to stay true to its mission and corporate purpose to serve as a force for resilience, adaptability, innovation and change, always seeking to ensure that CSR is fully integrated into its business model. LuxSE had to quickly rethink its CSR activities and priorities.

Nonetheless, the CSR goals and activities structure have remained built around four core pillars (think PEOPLE, think BUSINESS, think COMMUNITY and think PLANET) aligned with LuxSE’s vision and corporate values. Through these four pillars of sustainability, LuxSE contributes directly to 9 United Nations Sustainable Development Goals (UN SDGs).

think PEOPLE: Boosting investment in our human capital

think BUSINESS: Ensuring transparent, fair and safe markets

LuxSE acts as an intermediary between firms and investors and therefore has to take the needs and expectations of both parties into account. This is why LuxSE continually looks for ways to innovate and reinforce its sustainable business model as well as to ensure transparent, fair and safe access to capital markets. To do so, we guarantee a clear communication and we pay rigorous attention to the quality of the information shared. Creating trust and ensuring transparency for investors are a high priority for us. Thus, with the creation and development of LuxSE’s green platform - LGX, we provide visibility to sustainable financial products and issuers by displaying bonds and funds compliant with Environment, Social, and Governance (ESG) criteria, while also contributing to several SDGs:

think COMMUNITY: Providing support to local communities

As a central point of the Luxembourg financial sector and a key player in international capital markets, we must ensure that we understand our communities’ needs and expectations. That is why we strongly encourage them to engage with us in addressing local sustainability issues. Moreover, we recognise our responsibility to actively participate in a fruitful and constructive exchange of ideas between market players. We share our expertise and knowledge to help guide our peers, clients, competitors, regulators and other financial market participants in developing market initiatives and regulations. Lastly, we also engage in partnerships with NGOs to support local and international initiatives and thus make an impact towards achieving the UN SDGs. Through this pillar, we contribute to the following SDGs:

think PLANET: Taking action towards a neutral carbon footprint

It is our shared responsibility to do our utmost to protect our planet, which is borrowed from the next generations. In our daily activities, we pledge to behave in a sustainable way and to protect our planet. We provide environmentally friendly office facilities and support programmes focused on reducing and recycling waste, including, but not limited to: the implementation of a Clever Akafen procurement strategy, the use of Ecolabel certified products, the introduction of e-Car sharing, the signature of the Zero Single Use Plastic manifesto of IMS, etc. So far, through this pillar we have contributed to 3 SDGs:

 

Our ambition is to build and support further actions that will strengthen our contribution to global goals over time, at both a company and individual level. We believe that all together, we can build a more sustainable environment for next generations.

Sustainability Reports

Promoting Sustainable Investments

Over the last few years, LuxSE has been actively involved in the fight against climate change. By taking daily actions towards a more sustainable economy and promoting sustainable investments at both national and international levels, LuxSE has played a key role in contributing to a sustainable development compatible with the environment. With the objective of making finance part of the solution, LuxSE has created and developed several successful sustainable products and services.

Embracing ESG considerations

The transition to a more sustainable economy has led to a significant increase in investor demand for transparent and comprehensive data on Environmental, Social and Governance (ESG) aspects. As part of its efforts to promote transparent capital markets, LuxSE has published a set of comprehensive guidelines for reporting on ESG aspects. LuxSE’s Guide to ESG Reporting constitutes a comprehensive and solid roadmap for companies, issuers and asset managers on how to best integrate ESG considerations into their business decisions, strategies and operations.

Download LuxSE’s Guide to ESG Reporting for free here.
 

LGX - the leading platform for sustainable securities

To contribute to the development of the sustainable finance market, LuxSE launched the Luxembourg Green Exchange (LGX) in 2016, a leading global platform dedicated exclusively to green, social and sustainable securities. Since then, LuxSE has been chosen by major multilateral development banks and other sovereign entities as their preferred listing venue for their sustainable financial instruments. Through LGX, LuxSE aims to promote and facilitate sustainable finance by giving visibility to investment projects with a positive impact on society. 

Since 2018, LuxSE has been a member of the European Commission’s Technical Expert Group on Sustainable Finance (TEG). This group aims to assist the European Commission in developing an EU classification system – the so-called EU taxonomy – to determine whether an economic activity is environmentally sustainable.

In February 2020, TEG published the Usability Guide for the upcoming EU Green Bond Standard and the Final Report on the EU Taxonomy. Both documents provide guidance to the market on the proposed green bond standard and on the EU’s classification system for environmentally sustainable economic activities. LuxSE is proud to offer its expertise and actively contribute to shaping a sustainable European economy.

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