Some news are important but not big enough as to require a press release. Keep abreast of everything that’s going on at LuxSE in this news section.
From KYC to sustainability preferences, from market-driven to policy-based standards, read what, according to Julie Becker, the future holds for capital markets in an interview she gave to State StreetRead more
The Industrial Bank of China (CIB) and LuxSE establish cooperation in the green bond debt market. On November 12, the two entities signed a Memorandum of Understanding (MoU) during LuxSE’s visit to Fuzhou, CIB’s headquarter, to frame their cooperation in the international green markets.
The Industrial Bank (CIB) has a long-standing commitment to sustainability – in 2007, the bank signed the Equator Principles, commonly known as the International Finance Corporation (IFC) Performance Standards on social and environmental sustainability, thus becoming the first Chinese bank to do so. Today, after a decade of supporting sustainable projects, the bank, calling itself the Green Bank, signs an MoU with LuxSE, the operator of the Luxembourg Green Exchange (LGX) – a platform limited to sustainable securities of highest transparency levels.
LGX displays over 250 green, social and sustainability securities worth more than USD 100 billion, two years after its launch.
The innovative project, developed by researches at LISER, is called the GG (Gender Game). It is a giant interactive board game that aims at breaking down gender stereotypes. The activity was part of LuxSE’s initiative She@LuxSE. The key goal of She@LuxSE is to promote a gender-sensitive workplace by ensuring inclusiveness and equal opportunities for all. Read more on LISER’s website.Read more
LuxSE celebrated the issuance with a ‘ring the bell’
The EUR 500 million transaction, listed on LuxSE and displayed on LGX, represents the first EIB funding intended to directly support sustainable finance and builds on EIB’s pioneering role in boosting investments through sustainable bonds. The proceeds from the first bond of its kind will focus on investment in water supply, sanitation and flood protection and are expected to expand tohealth and education once detailed reporting frameworks are in place. Read more on EIB’s website.
Following the recent European Commission legislative package on sustainable finance, industry leaders discuss investor demand for ESG investments and implications for asset managers.
Landshypotek Bank pioneers with the world’s first forestry covered bond. It is fully committed to Swedish sustainable forestry, thus supports biodiversity and carbon dioxide reduction.
Together with the Shanghai Stock Exchange we have launched a Green Bond Channel - it gives international investors access to data and information in English on Chinese domestic green bonds listed in Shanghai.Read more
Over the past 90 years the Luxembourg Stock Exchange (LuxSE) has grown from being a local bourse for domestic companies, to becoming the world’s leader in the listing of international securities. Recently, the Luxembourg Green Exchange, operated by LuxSE, has become the biggest platform for sustainable financial instruments.
This is the first time an exchange opens a dedicated platform for social responsible investing (SRI) funds. LGX’s ambition is to facilitate global efforts towards meeting the Sustainable Development Goals (SDGs) and the targets of the Paris Climate Agreement. At launch, the LGX fund window already displays 11 SRI funds, managed by five fund managers: Humanis Gestion d’Actifs, Investing for Development, NN Investment Partners, Selectra and Sparinvest.
The green bond that drove the Luxembourg Green Exchange (LGX) over the USD 100 billion mark was listed by Tianjin Rail Transit (TRT), a Chinese company. The outstanding amount of green, social and sustainability financial instruments on LGX has doubled since the launch of the platform in 2016.
“In recent months we have observed a clear uptick in green issuances from non-European issuers, in particular from China”, comments Robert Scharfe, CEO of LuxSE. The Exchange has this year secured a cooperation agreement with the Shanghai Clearing House and with the Agricultural Development Bank of China (ADBC). Last year, ICBC listed its inaugural EUR 2 billion “Belt and Road” climate bond in Luxembourg.
The euro-denominated bond was issued via BOC’s Luxembourg branch is the first Belt and Road-themed bond by Bank of China (BOC) listed on the Luxembourg Stock Exchange. The total amount issued by BOC under the Belt and Road theme now amounts to the equivalent of over USD 10 billion.
“Our fruitful relationship with Bank of China leads us to continuously support BOC in its innovative financing transactions. As a result, it allows us to bridge issuers from China with international investors”, comments Robert Scharfe, CEO of the Luxembourg Stock Exchange.
For the second year in a row, we have been named Exchange of the Year by Environmental Finance.
The jury of investors recognised our efforts to support and nurture the sustainable growth of the green bond market through "innovative thinking, speed of delivery, quality assurances and transparency".
“It is a real honour to see investors appreciate our efforts to enhance transparency and build trust in the green bond market,” said Robert Scharfe, CEO of the Luxembourg Stock Exchange.
We have launched the She@LuxSE initiative to help achieve gender equality in the financial sector. At LuxSE, we have sustainability at the core of our business.
So, we have moved a step further and created a platform for our employees to exchange views on how men and women can work and grow together, support each other and take better decisions. We believe that equality cannot remain work in progress, it must become work for progress.
EBRD’s inaugural health bond is now listed on the BdL market and displayed on LGX. The PLN 317 million social bond matures in 2028 and its proceeds will finance health projects.
This bond is part of EBRD’s plan to diversify its financial instruments and it has been bought by Dai-ichi Life Insurance as sole investor.
Agricultural Development Bank of China (ADBC) rings bell to mark the first time Chinese domestic green bond information is available on an international exchangeRead more
As we are expecting the European Commission’s Action Plan, we analyse the HLEG final report recommendations and explore what they may mean for the Luxembourg financial sector.
LEO magazine interviews CEO Robert Scharfe on how we have deepened our relations with China, the largest green bond issuer globally.
Read on page 28 of the December issue of LEO.
LuxSE praised for contributing to the financial centre in Luxembourg.
We received the Outstanding Contribution to the Financial Center of Luxembourg 2017 Award, during a ceremony organised by InFinance on 30 November. Awarded by an expert jury, the prize recognises our innovation efforts and the Luxembourg Green Exchange’s success in encouraging and boosting green, social and sustainable finance internationally.
The Danish company issued its first green bond last week. The EUR 500 million bond is due in 3017 and is listed on LGX.
Orsted will use proceeds to (re)finance offshore wind farms, sustainable bioenergy, energy storage and smart grid projects, as it moves away from gas and oil extraction.
According to the Financial Times, green bond issuers are poised to charge a premium. CEO Robert Scharfe gives his reasons why.