Exchange in Focus: Luxembourg Green Exchange hits 1,000 sustainable bonds
19 May 2021
Exponential growth of LGX reflects market developmentLuxSE established LGX in 2016 to unlock sustainable capital and facilitate sustainable investment. The platform has seen exponential growth since then, highlighting the increasingly important role of sustainability in international capital markets. What started as a platform for green bonds in 2016 has grown in both size and product range, responding to the increasing need for transparency, accountability, reliability and comparability of sustainable securities displayed on LGX. LGX now encompasses all categories of bonds with a focus on sustainability, with mandatory requirements for transparency and reporting. “This 1,000th sustainable bond displayed on LGX illustrates the role that Luxembourg’s sustainable finance ecosystem is playing globally in raising the public and private capital needed to achieve the objectives of the Paris Accord on Climate Change and the Sustainable Development Goals. It also underlines the innovative cooperation between the European Investment Bank and the Luxembourg Stock Exchange, which has helped shape the direction of sustainable finance for more than a decade now, as it did when issuing the world’s first green bond in Luxembourg in 2007,” commented Luxembourg Minister of Finance Pierre Gramegna.
Part of a global trendAlmost 40 markets world-wide have a sustainability bond listing segment. To learn more, visit the SSE’s database of stock exchange sustainability activities. Currently, the database has data on 107 stock exchanges and tracks progress on key activities where exchanges are promoting sustainable business and investment practices. It is the largest data set of its kind and the data is freely accessible.
About the SSE
The SSE initiative is a UN Partnership Programme organised by UNCTAD, the UN Global Compact, UNEP FI and the PRI. The SSE’s mission is to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers and relevant international organizations, can enhance performance on ESG (environmental, social and corporate governance) issues and encourage sustainable investment, including the financing of the UN Sustainable Development Goals. The SSE seeks to achieve this mission through an integrated programme of conducting evidence-based policy analysis, facilitating a network and forum for multi-stakeholder consensus-building, and providing technical assistance and advisory services.