East Capital China Environmental – first fund in the Nordics with the new LuxFLAG Climate Finance label
East Capital is pleased to announce that East Capital China Environmental is the first fund in the Nordics to have fulfilled the criteria for the new LuxFLAG Climate Finance Label launched in September 2016.
Through a detailed set of eligibility criteria, the LuxFLAG Climate Finance label reassures investors that the fund invests in companies with a clear and direct link to mitigation and/or adaptation of climate change.
Karine Hirn, Partner of East Capital, based in Hong Kong, said: “We are very proud that our East Capital China Environmental fund fulfills the eligibility requirements of the new LuxFLAG Climate Finance Label. Our fund’s strategy is 100% focused on Chinese companies that contribute with solutions in the country’s war against pollution, a top priority in China that creates outstanding opportunities for strong equity returns in the world’s largest clean tech market.”
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.
Louise Hedberg, Head of Corporate Governance and Sustainability at East Capital, added: “Investing solely in emerging and frontier markets, we have seen an active approach to sustainability as a natural and important component of our investment process, which is based on our own very strong knowledge of the companies and industries in which we invest. The LuxFLAG Climate Finance label confirms that the East Capital China Environmental fund invests in companies that actively contribute to limiting the scope and effects of climate change, providing investors with a clear opportunity to participate in financing climate action, an area where significant public and private capital is much needed.”
East Capital China Environmental is a Luxembourg-domiciled fund under the UCITS directive, managed by East Capital, with an investment research team in Hong Kong. The fund invests in a range of sectors, including clean energy, energy efficiency, clean transport, clean water & air, environmental assets, and sustainable agriculture.
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Notes to editors:
LuxFLAG is an international and independent labelling agency founded in Luxembourg in 2006 to promote responsible investing in the financial industry. LuxFLAG awards an independent and transparent label to eligible investment funds in four categories: Microfinance, Environment, ESG (Environment, Social, Governance) and Climate Finance.
Launched in September 2016, the new LuxFLAG Climate Finance Label aims to provide a transparent assessment and certification to climate finance investment funds. East Capital is one of the first applicants. With the grant of the quality label, investors can be confident that their investments help financing climate change action. One of the primary eligibility criteria of the LuxFLAG Climate Finance Label is that at least 75% of the applicant investment fund’s investments are in mitigation and/or adaptation of climate change or cross-cutting activities according to specific definitions based on the Common Principles for Climate Change Mitigation and Adaptation Finance Tracking that have been developed jointly by the International Development Finance Club (IDFC) and the group of Multilateral Development Banks (MDBs). Examples of eligible activities are renewable energy, energy efficiency, waste and wastewater, low carbon transport and other technologies. Up to 25% of total assets may be retained in the form of cash, liquid assets or other investments that have no negative impact on the environment. The label is available to regulated UCITS and AIFMD funds domiciled in any EU country or subject to an EU equivalent supervision.
Contact:
MHP Communications
Europe:
Christian Pickel/James Morgan
+44 (0)20 3128 8208/8533
Asia:
Michel Chau / Judith Bence
+44 020 3128 8247/ +61 415 903 849
About East Capital:
East Capital is an independent asset manager specialised in emerging and frontier markets, founded in Sweden in 1997, with offices in Dubai, Hong Kong, Luxembourg, Moscow, Oslo, Stockholm and Tallinn. The company manages EUR 2.5 billion in public and private equity funds, real estate funds and separate accounts, for a broad international client base, including leading institutions. Our investment strategy is based on extensive company knowledge gained through proprietary fundamental analysis and frequent company meetings. We incorporate ESG-related risks and opportunities in our investment process, and favour companies with long-term, sustainable growth perspectives and responsible owners.
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Important Information
This is not an offer or recommendation to invest in any of East Capital’s funds. Full information on East Capital’s funds, such as the prospectus, key investor information document (KIID) and financial reports can be obtained free of charge from East Capital, from our local representatives and are available on East Capital’s website. Past performance is no guarantee for future performance. Fund units may go up or down in value and may be affected by changes in exchange rates. Investors may not get back the amount invested. The availability of East Capital’s funds may be limited or restricted in some countries. Detailed Information about where the funds are registered and what types of distribution are permitted can be obtained at East Capital.
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