Follow this simple 5-step process and display your securities on the Luxembourg Green Exchange.
In order to apply to join LGX, an issuer must first list their security on one of LuxSE's markets: the EU-regulated Bourse de Luxembourg market or the exchange-regulated Euro MTF market.
Next, you will need to explicitly declare your security as green, social or sustainable. The issuer will need to clearly state the intended green nature of the bond by completing our LGX application form.
The issuer is solely responsible for signing this application form. The issuer cannot give power of attorney to the listing agent or any other intermediary.
Once you’ve declared your security green, social or sustainable, the next step is to provide information about where proceeds from your security will be allocated.
An issuer must clearly disclose the nature of the use of proceeds into 100% financing or refinancing of green projects, social projects or a blend of both in accordance with the Green Bond Principles and/or the Climate Bonds Initiative's eligibility taxonomy and the ICMA Guidance for Issuers of Social Bonds.
This can be done through our LGX application form, in addition to other verified disclosure methods.
To ensure that proceeds are independently verified, we ask that issuers provide an external review of the security from a third-party expert before applying to join LGX.
An external review can be provided in one or more of the following forms:
This should be provided when listing and will be assessed against the use of proceeds, selection process, as well as the management of proceeds.
To remain on LGX, issuers must provide information about the intended and actual use of proceeds. The aim of post issuance reporting is to inform the public about how funds are being allocated to projects and, where possible, the expected environmental, social and sustainable impacts.
Minimum frequency is once during the lifecycle of the security but issuers can report more frequently on a voluntary basis. The reporting should be supplied 12 months after the issue of the bond.
Accepted formats of post issuance reporting include:
It is at the issuer’s discretion to choose its preferred reporting format, KPIs and frequency, and to report accordingly.
Read our FAQs for more information about post issuance reporting.FAQ – LGX