A service powered by the Consileon Group

Nachhaltigkeitssiegel im Finanzmarkt

LuxFLAG Sustainable Insurance Product

What stands behind the label?

LuxFLAG is an independent and international non-profit association launched in July 2006 in Luxembourg by seven public and private founding partners. LuxFLAG Sustainable Insurance Product is one of a total of six labels awarded by LuxFLAG.

The label is intended for products that support the transition to mitigating and adapting to the climate crisis, as well as other environmental and social issues within the framework of the United Nations Sustainable Development Goals. It was launched in November 2021 as the first European ESG label for insurance products. The process for listing can be triggered four times a year.

What are the key points of the label?
Key points
Disclosure of the sustainability criteria for the award of the label

The qualification criteria of an insurance product are communicated transparently. The eligibility criteria for the label include minimum committee criteria and the products must provide at least three positive ESG strategies.

Key points
Independence of the organization awarding the label

LUXEMBOURG FINANCE LABELLING AGENCY (LuxFLAG) is an independent and international non-profit association.

Key points
Multiple-step process when the label is awarded by a number of parties

The Sustainable Insurance Product Label Eligibility Committee (LSIPLEC) consists of 4 members from the private and public sectors who decide on applications.

Which financial products are evaluated with it?

Insurance products e.g. funds are assessed with the label LuxFLAG Sustainable Insurance Product. In 2022, five insurance products were awarded the label. Click on the button to go to the LuxFLAG website and discover the financial products awarded with the label.

Source: LuxFLAG a.s.b.l.