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In order to give customers assurance that the fund they are investing in really is green, the Luxembourg labelling agency LuxFLAG, today at its General Meeting launched its Environment Label, which is granted to investment funds that apply vigorous environmental screening to the companies whose securities they invest in. LuxFLAG was created in 2006 for the purpose of delivering recognisable labels to qualifying domestic and international investment funds. The motivation for creating the Environment Label resulted from rising demand for funds that invest in companies that limit or prevent damage to the environment. It proved even harder to tie down a definition for environmental investment funds. Work on the structure of the label began in 2009. It was 21...
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