LuxSE and UN Women join forces to advance gender finance

en

The Luxembourg Stock Exchange (LuxSE) and the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) have signed a Memorandum of Understanding (MoU) to strengthen their cooperation and promote joint initiatives to advance financing for gender equality and women’s empowerment.

<< Back
06/05/2022 |
  • 20220505 LuxSE-Un Women MoU Signing

The cooperation was announced yesterday during a signing ceremony at the exchange in the presence of HRH Grand Duchess Maria Teresa of Luxembourg, Luxembourg Minister of Finance Yuriko Backes and Luxembourg Minister of the Economy and Development, Cooperation and Humanitarian Affairs Franz Fayot.

Reducing the gender gap

The MoU sets an agenda of joint work to advance sustainable debt for gender equality and promote gender lens investing. The overarching goal of these efforts is to mobilise capital flows to meaningfully contribute to the United Nations Sustainable Development Goals (SDGs), and in particular to SDG 5, “Achieve Gender Equality and Empower all Women and Girls.”

Ms. Anita Bhatia, Assistant Secretary General and Deputy Executive Director of UN Women commented: "Today's partnership really matters because we are bringing innovation to the area of gender equality. I am so pleased that we are going to be able to build on the long-standing partnership that we have with Luxembourg to really push the envelope and to try to make substantive and visible change in the lives of women by unleashing the power of finance."

LuxSE and UN Women will work together to promote sustainable debt instruments which raise financing for projects advancing gender equality and women’s empowerment across the world. The guidelines issued by UN Women, the International Capital Market Association and the International Finance Corporation in November 2021 entitled Bonds to bridge the gender gap: A practitioner’s guide to using sustainable debt for gender equality serve as a framework for these efforts.

LuxSE commits to fostering awareness of gender-focused bonds in Luxembourg and beyond, especially among issuers of sustainable securities and impact-conscious investors, with the objective of becoming the reference exchange for gender-focused bonds. UN Women and LuxSE are committed to making this collaboration a turning point in the way gender equality and women's empowerment is financed globally.

The CEO of LuxSE, Ms. Julie Becker stated: “By entering this MoU with UN Women, we commit to contributing to gender equality and women’s empowerment by better linking finance and gender. In many parts of the world, women are still excluded from economic activities and financial services. If we want to reduce the gender gap in the global economy, we need to make sure women have access to education, opportunities and financing. This is why gender finance and gender lens investing are so important.”

Highlighting gender-focused bonds

LuxSE is home to the Luxembourg Green Exchange (LGX), the world’s leading platform for sustainable securities encompassing more than 1,300 green, social, sustainability and sustainability-linked bonds, raising a total of EUR 693 billion for specific green and social projects and sustainable development across the world.

As part of its new commitments to linking gender and finance, LuxSE is now flagging sustainable debt instruments displayed on the Luxembourg Green Exchange which raise financing for projects advancing gender equality and women’s empowerment. By highlighting securities that allocate all or a portion of their financing to concrete projects and strategies that contribute to gender equality objectives, LuxSE makes it easier for investors to identify gender-focused bonds.

Gender-focused bonds are social, sustainability or sustainability-linked bonds which allocate all or part of their proceeds or set clear KPIs related to advancing gender equality in their issuer documentation and carry post-issuance reporting attesting to the issuer’s concrete actions.

In addition to flagging gender-focused bonds on LGX, as part of the collaboration with UN Women, LuxSE will also leverage the LGX Academy to specifically promote and raise awareness of gender finance, coordinate work with relevant institutions in Luxembourg to better link finance and gender as well as promote superior gender equality practices within the exchange itself.

To learn more about gender-focused bonds on LGX, visit: https://www.bourse.lu/gender-focused-bonds

Back to top  | << Back

Communiqués liés

3
29/03/2024

Office Régional du Tourisme Région Mullerthal - Petite Sui...

L'assemblée générale de l'Office Régional du Tourisme Région Mullerthal - P...

Office Régional du Tourisme Région Mullerthal –
240328-Deveco-BusinessNews

ATOZ Tax Advisers extends its ESG service offering with the ...

ATOZ Tax Advisers, Luxembourg tax advisory firm, announces the acquisition of De...

Atoz
pwc logo
28/03/2024

Luxembourg's competitiveness: are we still in the race? Seiz...

The 17th Journée de l’Economie took place on 26 March 2024 at the Luxembourg ...

PwC Luxembourg
Wasilewski Didier 2024
28/03/2024 Personnalités

Didier Wasilewski rejoint la direction générale du groupe ...

Didier Wasilewski, Senior Executive d'artelis s.a. et directeur commercial de lo...

Artelis S.A.
Chris Allen - Group CEO Quintet Private Bank
28/03/2024

Le bénéfice net 2023 de Quintet s’élève à 46,9 millio...

Quintet Private Bank, opérant à travers l'Europe et le Royaume-Uni, a annoncé...

Quintet Private Bank
Old town Zurich
28/03/2024

Immobilier de luxe en Suisse – Cela ne marche pas tout seu...

En 2023, le segment du luxe n’a pas été épargné par la hausse des taux d...

UBS Luxembourg

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more