Process

LuxFLAG accepts and reviews applications on a first-come, first-served basis.

Investment funds wishing to apply for the LuxFLAG ESG Label should first review the Eligibility Criteria and consult with LuxFLAG in order to assess whether or not they may be eligible for the label.

Next

In a second step, the Applicant must complete and sign an Application Form and return it to LuxFLAG together with a series of documents.

All exchange of information will be subject to a NDA signature.

Next

Applicants will receive an acknowledgement by e-mail within ten business days of receipt.

Applications will be reviewed and any additional information solicited if necessary. LuxFLAG will engage an Audit Firm for the completion of certain Agreed Upon Procedures, enabling the Audit Firm to examine the report of LuxFLAG upon information provided by the Applicant. When the application is complete, it is presented to the ESG Label Eligibility Committee of LuxFLAG for analysis and recommendation to the Board of Directors.

Next

Based on the recommendation, the Board of LuxFLAG will approve or reject the application.

If the application is complete and accurate, the process should take no longer than one month. A written notification of the decision will then be sent to the applicant investment fund.

Next

Successful applicants will be required to pay a fee of Euro 3,000

upon receipt of an invoice and will have to sign a set of Terms and Conditions relating to the use of the LuxFLAG ESG Label.

Next

The Label is granted for a period of one year and must be renewed.

To this end LuxFLAG will issue the Investment Fund with an invitation to submit an updated application document before the expiry of its Label.

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