Luxflag is an industry-backed organisation that checks the responsible and sustainable investing claims made by asset managers. Luxflag also verifies climate bonds issued by the European Investment Bank.

Luxflag said in June that 136 had met its standards.

The latest was the Franklin Green Target Income 2024 Fund, launched in May 2019, which received an ESG (environmental, social, governance) label.

Luxflag has checked financial products that are domiciled in Luxembourg, but also in Belgium, France, Germany and Ireland.