Social bonds

Finance social projects and boost your ESG credentials by displaying your social bonds on LGX.

Tackle social issues with social financing

A growing number of investors are incorporating ESG principles into their investment strategies. This new development has led to significant interest in social and sustainability bond issuance.

When the proceeds from an instrument will be applied exclusively to finance or refinance social projects, the bond will be displayed in the social window.

Social bond issuers on LuxSE

Social bonds displayed on LGX

All social bonds

Sustainability standards and labels

A number of different standards, frameworks, taxonomies and labels are included in the LGX eligibility criteria:

  • Bond standards: ICMA’s Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines, the Climate Bonds eligibility taxonomy, the People’s Bank of China Green Bond Endorsed Projects Catalogue and other frameworks aligned with the former.
  • Fund labels: LuxFLAG’s Climate Finance, Environment, Social and ESG labels, FNG’s label for sustainable mutual funds, the Nordic Swan Ecolabel for funds, the French government’s SRI and TEEC labels and the Austrian ecolabel for financial products (Österreichisches Umweltzeichen).

Note that (as per CBI) the PBOC Green Bond Endorsed Project Catalogue accepts retrofits of fossil fuel power stations, clean coal and coal efficiency improvements, and rail lines that mainly transport fossil fuels, which are not accepted under the Climate Bonds Initiative’s eligibility taxonomy.

More information on international standards related to social bonds is available here.

Why list social bonds on LuxSE

  • Increase visibility of your security

  • Access to a broad range of social issuers

  • Rely on LuxSE’s expertise in social finance

  • Option to access Luxembourg Green Exchange without any additional costs

A success story from one of our issuers

"BNG Bank’s listing is confirmation of the growing trend towards social investment that we have been witnessing in recent years. We see the development of market standards relating to eligibility and transparency as a crucial step towards the opening up of a social bond market and we are commited to offer issuers any guidance necessary to successfully step into the market."

Julie Becker

Member of the Executive Committee, Luxembourg Stock Exchange

If you need more information

Contact us

portrait-MFL.jpg
Flavia Micilotta

Director of Luxembourg Green Exchange

+352 47 79 36 403 mfl@bourse.lu