As an asssociate member of LuxFLAG, Wildgen is delighted to announce that the second application process for the LuxFLAG Environment Label is now open.

The Environment Label will be granted to investment funds (UCITS or non-UCITS) investing in environment-related sectors irrespective to their domicile of registration. It is designed to reassure investors that labelled Investment Funds actually invest the majority of their assets in environment-related sectors in a responsible manner. The eligibility criteria for the Environment Label require eligible investment funds to have a portfolio of investments in environment-related sectors corresponding to at least 75% of the fund’s total assets.

The Environment Label is granted by LuxFLAG’s Board of Directors, based upon an application by the investment fund including information reviewed by an auditor, and a recommendation by LuxFLAG’s Eligibility Committee of specialists in environmental investment.

The deadline for introducing applications is 20 February 2012. Criteria and Procedure are available here.

(Source: LuxFLAG)