Credit: BIL

Banque Internationale à Luxembourg announced today that four of the funds in its BIL Invest range have obtained the LuxFLAG ESG label for a period of one year.

The four BIL Invest Patrimonial funds (BIL Invest Patrimonial Defensive, BIL Invest Patrimonial Low, BIL Invest Patrimonial Medium and BIL Invest Patrimonial High), which were granted the LuxFLAG ESG label until 30 September 2022, combine the opportunities provided by financial markets with environmental, social and governance (ESG) criteria.

Managed by experts, diversified across various asset classes and having different risk profiles, these turnkey funds meet the needs of beginners and seasoned investors alike. With low minimum investment amounts, they are deemed accessible to all budgets.

“Obtaining the LuxFLAG ESG label is a big step forward in the development of our range of sustainable investment products. Our clients can reconcile profitability with ESG goals. By investing in these funds, they can have a positive impact and give meaning to their investments, while increasing their wealth”, noted Lionel De Broux, Head of Fund Selection at BIL.

The primary aim of the LuxFLAG ESG label is to reassure investors about the proper incorporation of ESG criteria at each stage of the fund’s investment process. For funds to be eligible, the whole of their investment portfolio must be reviewed according to the strategies and standards determined by LuxFLAG.

“We are pleased to announce that the four BIL Invest Patrimonial funds have been granted the use of LuxFLAG ESG Label for a period starting on 1 October 2021 and ending on 30 September 2022", commented Denise Voss, Chairwoman of LuxFLAG. "The LuxFLAG ESG Label is recognised for its high standards and rigorous assessment of each applicant investment fund’s investment strategy and integration of ESG into the investment analysis and decision making process, as well as an affirmation of the fund’s transparency towards investors; all key components of the eligibility criteria of the LuxFLAG ESG Label”.