The Environmental Finance Sustainable Investment Awards 2022 are global and recognise financial institutions and other companies which strive to incorporate ESG across all asset classes, contribute to making sustainability an integral part of investment decisions and support projects that mitigate climate change or make a positive impact in the world.

“This award is an important recognition of the positive environmental and social impact that the Luxembourg Stock Exchange contributes to by facilitating sustainable investment towards the global goals. Every day, we strive to make sustainable investment more accessible not just to established players in developed markets but also in emerging markets, where the funding is needed the most. This recognition by Environmental Finance further strengthens our conviction that exchanges can and must drive the transition to a more sustainable and inclusive economy,” said Julie Becker, CEO of LuxSE.

Recognising efforts in data, education and transparency

The jury at this year’s Sustainable Investment Awards chose LuxSE, home to the world’s leading platform for sustainable securities the Luxembourg Green Exchange (LGX), as the winner in the ‘Stock Exchange of the Year’ category for its pioneering work in three key areas: expanding the scope of sustainable investment opportunities featured on the platform, bringing structured sustainability data to the market with the LGX DataHub and fostering sustainable finance knowledge and awareness through the LGX Academy.

The Environmental Finance Sustainable Investment Awards, now in its fourth year, considers the efforts and achievements made by contenders in the period from 1 March 2021 to 1 April 2022. A judging panel consisting of over 40 investors and industry experts reviewed and scored the submissions. This year marks the first time LuxSE is awarded at the Sustainable Investment Awards. LuxSE was granted the ‘Exchange of the Year’ award for five consecutive years from 2017 – 2021 in Environmental Finance’s Bond Awards, which is the other major annual award competition organised by the sustainable finance-focused news outlet.

Accelerating sustainable finance

In 2021, LuxSE continued to develop the LGX platform to reflect and foster new market trends, with the overarching objective to accelerate sustainable investment.  The LGX fund window was revamped to reflect the Article 8 and Article 9 fund classification under the Sustainable Finance Disclosure Regulation, providing more transparency to investors around funds’ SFDR classification. To highlight the wider sustainable investment universe beyond labelled bonds and expand sustainable investment opportunities for impact-conscious investors while demand for green bonds exceeds the supply, LuxSE also added a new section featuring Climate-Aligned Issuers, showcasing companies that derive at least 75% of their revenues from environmentally friendly activities.

To address the main hurdles to sustainable finance, LuxSE further developed the LGX DataHub and LGX Academy in 2021. The scope of the LGX DataHub was expanded to include sustainability-linked bonds (SLBs) in addition to green, social and sustainability bonds, and now offers structured sustainability data on more than 7,000 of the world’s listed sustainable debt instruments. LuxSE also brought the LGX Academy courses to a number of additional countries, including Rwanda, Cabo Verde and Vietnam as part of the exchange’s focus on sustainable finance capacity building in emerging markets.

As of 31 May 2022, LGX encompasses a total of 2,800 sustainable securities, including 1,400 green, social, sustainability and sustainability-linked bonds from 240 issuers in 50 countries, raising a total of EUR 736 billion for green and social investment and sustainable development across the world.