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LuxFLAG has gained wide recognition over the last five years for its Microfinance Fund label. Often compared to a woolmark, the label helps raise capital by giving confidence to investors. At a press conference on 15 December 2011, LuxFLAG announced that it has granted three investment funds its new Environment Fund label. Funds granted this label must invest 75% of their assets in environment-related sectors. The label, which was launched in June 2011, is available to qualifying funds irrespective of their domicile. Marie-Jose Jacobs, Luxembourg Minister of Cooperation and Humanitarian Action, pointed out that Luxembourg continues to donate over 1% of GDP to development aid. The Government is a founding shareholder in LuxFLAG.
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