Eurazeo’s funds have been awarded the LuxFLAG ESG label. LuxFLAG is an independent and international non-profit organisation that aims to promote the raising of capital for sustainable investment.
Launched in May 2014 as the first European ESG label, the eligibility criteria for the Label requires applicant funds to screen 100 per cent of their invested portfolio according to one of the ESG strategies and standards recognized by LuxFLAG. As of 1 January 2021, 322 investment products with EUR135.4 billion AuM have been granted the use of the LuxFLAG Label.
LuxFLAG independently verified Eurazeo’s integration of ESG (Environment, Social, and Governance) into every stage of the investment process and examined Eurazeo’s commitment to incorporating ESG considerations. The rigorous labelling process assessed all aspects of O+, Eurazeo’s accelerated ESG strategy, which comprise ESG integration, exclusion policy, responsible investment policy.
Sophie Flak, Managing Partner in charge of CSR & Digital at Eurazeo, says: “The independent and external recognition by LuxFLAG is testament to Eurazeo’s commitment to integrating ESG into every stage of its investment process, as well as an affirmation of our policy of transparency towards our stakeholders. It is aligned with our ambitious ESG program O+ which is aiming to achieve carbon net neutrality and build a more inclusive society.”
Sachim Vankalas, General Manager of LuxFLAG, adds: ”We are pleased to announce that several of Eurazeo’s funds have been granted the use of LuxFLAG ESG Label for the period starting on 01 January 2021 and ending on 31 Dec 2021.The LuxFLAG ESG Label is recognized for its high standards and rigorous assessment of applicant investment funds’ investment strategy, ESG integration into the investment process, as well as an affirmation of their drive for transparency to investors which are all key components of the Eligibility Criteria of the LuxFLAG ESG Label.”