The agency said in a press release on 31 March:

“The number of Luxflag [environmental, social and governance] labelled investment products saw a substantial growth of 167% over the last 12 months, reflecting the increasing importance of highlighting the ESG credentials of investment products and a strong growth in sustainable investing.”

Luxflag said it had issued labels to 196 investment products, domiciled in 7 jurisdictions and managed by 84 organisations.