LuxFLAG ESG Label Awarded to SELECTRA Best of SRI Funds
SELECTRA Best of SRI Bonds and SELECTRA Best of SRI Balanced funds have both been awarded the LuxFLAG ESG Label after meeting strict environmental, social and governance (ESG) criteria.
SELECTRA Best of SRI Funds have been launched by FARAD Group, an independent international group specialised in providing B2B financial and insurance services through a multiservice platform, in July 2017. SELECTRA Best of SRI Funds is the first European Funds of Funds product line investing 100% of its assets in sustainable shares/units of UCITS and other UCIs taking into consideration strict Environmental, Social and Governance criteria (ESG) within their investment strategies.
The LuxFLAG ESG Label, which has been the first European ESG label to be launched, is granted to investment funds which meet specific criteria related to their respect of ESG objectives.
“We are very proud that our Best of SRI funds fulfill the eligibility requirements of the LuxFLAG ESG Label”, said Marco Cipolla, Founding Partner at SELEC
TRA. “Being granted the LuxFLAG ESG Label serves as confirmation of our investments contributing positively to the society. This recognition highlights our pioneering role in the sector and outstanding impact investment process.”
As an international and independent labelling agency, backed by its seven charter members, including the Government of the Grand Duchy of Luxembourg, LuxFLAG provides a transparent assessment and certification of the investment process and portfolio of the labeled funds. The primary objective of the LuxFLAG ESG Label is to reassure investors that the Investment Fund actually invests their assets in an investment fund which incorporates ESG considerations throughout its investment process. The eligibility criteria for the ESG Label require applicant funds to screen 100% of its invested portfolio according to one of the ESG strategies and standards recognised by LuxFLAG.
’LuxFLAG ESG Label is recognized for high standards and rigorous assessment of applicant investment fund’s investment strategy and process. We are pleased to announce that, Best of SRI Balanced and Best of SRI Bonds meet the eligibility criteria of the LuxFLAG ESG Label and therefore have been awarded with the ESG label starting from 01 January 2018″ said Sachin Vankalas, Director, Operations and Sustainability at LuxFLAG.
In the press:
La Mia Finanza: “SELECTRA Best Of Sri Funds premiati da Luxflag ESG ”
Finanza Operativa: “Selectra Best of SRI Funds ora a marchio ESG“