CQS New City Equity announces that its CQS New City Global Equity Fund has been awarded an ESG Label by the Luxembourg Finance Labelling Agency (LuxFLAG), becoming the first Irish domiciled fund to receive such a LuxFLAG label.
An independent and international non-profit association, LuxFLAG aims to promote the raising of capital for responsible investment. Its ESG Label is awarded to investment funds that incorporate the analysis of environmental, social and corporate governance (“ESG”) considerations throughout their entire investment process. To be eligible for such a label, applicants must screen 100% of their invested portfolio in line with best industry practice standards. As at 20 June 2019, 136 financial products representing AuM of Euro 53.4 billion and domiciled in 5 countries have been granted the use of LuxFLAG Labels.