Luxembourg Sustainable Finance Initiative

🚀 Today marks the kick-off of the LSFI Working Group on Innovation and Retail Products for Sustainable Finance! This working group aims to map and assess sustainable finance products for retail investors in Luxembourg and Europe, highlighting current gaps and possible potential solutions. This important mission would not be possible without the expertise of the working group members, which we are very pleased to introduce you:  - Ala Presenti, Head of Finance and ESG Lead, Investre S.A. - Alexander L., CEO, Connect Earth Ltd. - Cassiopée Robert Macherez, Expert ESG Investments, Banque Raiffeisen - Cathrine Foldberg Møller, Partner, Simmons & Simmons Luxembourg LLP - Didier Richter, Head of Products & Services, Banque Internationale à Luxembourg (BIL) - Guillaume Debauve, ESG Legal Officer, BGL BNP Paribas - Julien Froumouth, Head of Sustainability, Spuerkeess - Paulina Arcos-Conelli, Head of Investment Compliance and Operational Risk, Generali Investments Luxembourg - Pedro Pinheiro, Project Manager, Microinsurance Network ASBL - Ruslana Hrischeva, Senior Associate focused Sustainable Finance, Allen & Overy Shearman - Sandrine Chabrerie, CSR Manager, Foyer Group - Vusala Ahmadova, CFA, FCCA, CIA, Conducting Officer Valuation, VISTRA Fund Management Luxembourg   💡 Would you like to learn more about the working group? Access its dedicated webpage: https://lnkd.in/eP4WyZ-8 Nicoletta Centofanti I Lorenzo Avico #sustainablefinance #finance #ESG #Luxembourg

🎤 The transition towards sustainable finance and addressing the challenges it presents requires collaboration across sectors and disciplines. In particular, integrating scientific research with sustainable finance practices and bridging existing gaps is essential.   This month, we interviewed Andrew Ferrone, Deputy Director for Climate and Sustainable Development at the Luxembourg Ministère de l'Environnement, du Climat et de la Biodiversité and Chair of the LSFI Scientific Advisory Board (SAB). We discussed the link between science and sustainable finance, the objectives of the SAB, how scientists and financial professionals can collaborate more effectively to drive sustainability, and the biggest challenges in aligning the financial sector with the latest scientific understanding of sustainability-related topics.   Access the interview: https://lnkd.in/eUdSugZY   Don’t miss this month’s LSFI newsletter for the latest news, regulatory updates, reports and upcoming events on sustainable finance: https://lnkd.in/ePY3RvAr and register to our newsletter if you don't receive it yet! ➡️ https://lnkd.in/eXQKjWQb Ministry of Finance, Luxembourg I Ministère de l'Environnement, du Climat et de la Biodiversité I Luxembourg for Finance I CSDD Nohaltegkeetsrot

🎉 We’re thrilled to announce that the Luxembourg Sustainable Finance Initiative (LSFI), guided by its Impact Investing Advisory Board (IIAB), has been appointed Luxembourg’s National Partner (NP) of the Global Steering Group for Impact Investment (GSG Impact)! This partnership reflects Luxembourg’s commitment to shaping the future of Impact Investing on a global scale. GSG Impact brings together national and strategic partners worldwide, fostering collaboration to develop innovative financial solutions and policies that address pressing global challenges. As Luxembourg’s NP, the LSFI, guided by its IIAB, will: - Collaborate with leaders from business, finance, government, and nonprofits to strengthen the country’s impact ecosystem; - Exchange knowledge and best practices with a global community; - Represent Luxembourg’s efforts internationally.   💻 Access the press release: https://lnkd.in/dnrFFWxW   🔦 Learn more about the LSFI Impact Investing Advisory Board: https://lnkd.in/dDpNkzNb Arnaud Gillin I Francois Passant I Guillaume Bonnel I Gunter Fischer I Hedda Pahlson-Moller I Kaspar Wansleben, FCA I Laura Foschi I Stephan Peters I Nicoletta Centofanti I Lorenzo Avico I Juana Ramirez

Don’t miss the LSFI upcoming in-person, free Masterclass ‘SBTi: How to Define and Implement Targets’ on Thursday, 21st January, from 9:00 to 13:00 in Luxembourg.    🔎 What is the masterclass about? This masterclass follows up on the recommendations of the LSFI Working Group on Climate Measurement and Reporting, which identified Science Based Targets initiative as the second priority for financial institutions in their journey toward net zero and highlighted its comprehensive methodology for selecting transition pathways, setting targets, and preparing for actionable steps.   The masterclass will assist Luxembourg financial institutions in understanding how science-based targets can provide a clearly defined path to reduce emissions in line with the Paris Agreement goals, combining theory and case studies.   🎯 Who does the masterclass target? The masterclass targets Luxembourg's financial professionals, ideally those engaged in sustainable finance or with some exposure to the field. Previous experience or knowledge of SBTi is not necessary.   💡 What is SBTi? SBTi is a target-setting tool for financial institutions that aims to provide them with a clearly defined path to reduce emissions in line with the Paris Agreement goals. Stay tuned, all the speakers will be announced very soon!   Register for the masterclass: https://lnkd.in/eKahrsib   Access the outcome report of the LSFI Working Group on Climate Measurement and Reporting: https://lnkd.in/e2XirYhT #sustainablefinace #netzero #targets #SBTi

🌏 Today, we celebrate Human Rights Day!   Human Rights Day is observed annually around the world on 10 December to commemorate the anniversary of one of the world's most groundbreaking global pledges: the Universal Declaration of Human Rights (UDHR).    ❓ What is the #UDHR? - This document enshrines the inalienable rights that everyone is entitled to as a human being - regardless of race, colour, religion, sex, language, political or other opinion, national or social origin, property, birth or other status. - It was proclaimed by the United Nations General Assembly in Paris on 10 December 1948 and sets out, for the first time, fundamental human rights to be universally protected.  - It is a global blueprint for international, national, and local laws and policies and a bedrock of the 2030 Agenda for sustainable development. - It is available in 577 languages, from Abkhaz to Zulu, making the UDHR the most translated document in the world.   This year’s theme is ‘Our Rights, Our Future, Right Now‘, which focuses on how human rights are a pathway to solutions, playing a critical role as a preventative, protective, and transformative force for good.   Sustainable finance is key to advancing human rights by directing capital toward initiatives that foster social well-being, economic equality, and environmental protection. ➡️ Wondering how to integrate human rights into investment decisions? Access the LSFI summary report “How to integrate human rights into investment decisions” to access industry insights and best practices in the space: https://lnkd.in/e8iRHvxm #sustainablefinance #humanrights #Luxembourg

💡Rewatch Nicoletta Centofanti’s Speech at “10x6 Luxembourg Finance 2035”.    Last month, our CEO Nicoletta Centofanti had the honor of speaking at the “10x6 Luxembourg Finance 2035” event, hosted by Paperjam. This event brought together visionary leaders to discuss the future of Luxembourg’s financial sector and the challenges ahead, from technological advancements to regulatory changes.   Nicoletta’s speech focused on why sustainable finance is crucial for the future of Luxembourg’s financial center, sharing key insights on: - Addressing climate risks and financial losses - Unlocking business opportunities through sustainability - Preparing the sector for the challenges of tomorrow   📌 In her call to action, Nicoletta emphasised the need for stronger financial literacy, expertise at board level, innovation, collaboration and the need to set up of a center of excellence, all these to ensure a resilient and competitive financial ecosystem by 2035.   🎥 Missed it? Watch the replay here: https://lnkd.in/dx-68CbP   #Luxembourg #Finance #SustainableFinance #DigitalTransformation #Collaboration

🚀 The Luxembourg Sustainable Finance Study 2024 is out!    This study, developed by the Luxembourg Sustainable Finance Initiative in collaboration with PwC Luxembourg, marks the 3rd edition in its series and provides a picture of the state of sustainable finance in Luxembourg. It examines core ESG strategies adopted by mutual funds in Luxembourg and it looks, for the first time, at ESG strategies within private markets and stewardship activities of Luxembourg players. The study also offers other key updates, including SFDR PAI reporting, the use of the voluntary European ESG Template, climate-related affiliations embraced by Luxembourg market participants as well as an overview of key sustainable finance players in Luxembourg.    ❓What are some of the findings of this edition?   - Rebound in ESG funds: ESG funds in Luxembourg saw a 12.3% rebound in AuM; - Retail investors drive ESG inflows: Retail investors showed interest in ESG UCITS funds, pouring in €12.6bn of net flows during H1 2024. Institutional investors, on the other hand, withdrew €7.8bn during the same period; - SFDR: The majority (68%) of the AuM of Luxembourg-domiciled UCITS corresponds to funds disclosing as per Article 8 of the SFDR, followed by 27% for Article 6 and 4% for Article 9; - Growth of ESG private market funds: The growth of ESG private market funds domiciled in Luxembourg has been remarkable, achieving a CAGR of 95.2% from 2019 to 2023; - Private equity dominates ESG private markets: Private equity ESG funds accounted for €267.5bn in AuM, followed by infrastructure (€188.9bn), real estate (€107.7bn), and private debt (€58.7bn) in 2023; - PAI reporting: Of 440 financial market participants surveyed, 106 have published a report on the Principal Adverse Impacts (PAIs) of their investment decisions, while 195 have issued an explanation as to why they do not consider PAIs.   The Luxembourg financial centre appears well-positioned to continue being a leading international hub for sustainable finance, as players are expected to capitalise on the latest and upcoming policy and regulatory developments. However, continued efforts are required to bridge existing gaps, particularly when it comes to data quality and standardisation, as well as assessing the impact of sustainable finance investments.   Would you like to learn more? Access the study here: https://lnkd.in/emwyChQ7   We would like to thank all the professionals who contributed to this study. Your expertise and constructive feedback have been crucial! Special thanks to members of the Study Advisory Committee (Enrico Benetto I Jane Wilkinson I Laetitia Hamon I Michael Halling).   Ministry of Finance, Luxembourg I Ministère de l'Environnement, du Climat et de la Biodiversité I Luxembourg for Finance I CSDD Nohaltegkeetsrot I Luxembourg Stock Exchange I LuxFLAG I ICFA - International Climate Finance Accelerator

🔎Looking for ways to support your sustainability journey?    Explore our newly updated Resource Hub – your go-to online toolkit for sustainable finance resources.   Whether you need reliable data, professional training, or insights into regulatory developments (and much more!), the LSFI Resource Hub offers key resources to support your sustainability journey.   💡You will find comprehensive sections that give access to: - Data platforms  - Frameworks  - Networks - Standards  - EU sustainable finance regulations - Sustainable finance labels - Trainings    Access the LSFI’s Resource Hub: https://lnkd.in/duf93dr4 Find out more ⬇️

💡 Yesterday, 28th November, we hosted the 5th LSFI Stakeholder Forum, bringing together our valued stakeholders to foster collaboration, share updates, and explore developments in sustainable finance.   What did this edition bring us? - Lorenzo Avico, LSFI Deputy CEO, shared updates on LSFI’s latest projects and upcoming activities. - Laurence Hulin, Programme Director at Accelerating Impact, presented the ISFA - International Social Finance Accelerator (ISFA), highlighting why ISFA was launched, its objectives and target as well as the foreseen timeline (Don’t miss it: the call for expression of interest to the ISFA programme will open in Q1 2025) - Luis Galveias, Chief Operating Officer & CSR Manager at LPEA - Luxembourg Private Equity & Venture Capital Association, presented a snapshot of the findings of the "LPEA GP Survey 2024", which surveyed, among others, ESG trends in private equity (stay tuned: the survey results will be publicly available soon) - We also received updates from our stakeholders on their ongoing and upcoming activities   👏 A big thank you to the presenters and stakeholders for your contributions and active engagement. We look forward to continuing this collaborative journey to shape the future of sustainable finance!   ABBL I ACA Luxembourg I ADA asbl I Accelerating Impact I Banque centrale du Luxembourg (BCL) I Commission de Surveillance du Secteur Financier (CSSF) I European Investment Bank (EIB) I e-MFP I GGGI Luxembourg I House of Sustainability I IMS Luxembourg - Inspiring More Sustainability I Inclusive Finance Network Luxembourg InFiNe.lu I Luxembourg Stock Exchange I LPEA - Luxembourg Private Equity & Venture Capital Association I LuxDev I Ministère de l'Environnement, du Climat et de la Biodiversité I Ministry of Finance, Luxembourg I Cerise+SPTF I University of Luxembourg I Nicoletta Centofanti I Lorenzo AvicoI María Eugenia Tapia Rojo I Juana Ramirez I Alex Pothaar I Stella Kouri   #SustainableFinance #Collaboration #StakeholderForum #LSFI

💡 Looking for a job opportunity in finance? Moovijob.com jobs fair is taking place tomorrow with a dedicated day to finance where you can explore job opportunities and have face-to-face discussions with main financial players in Luxembourg. 🌱 If you would like to learn more about sustainable finance, the Luxembourg Sustainable Finance Initiative will be there with María Eugenia Tapia Rojo; reach out if you would like to have a chat about sustainable finance and the Luxembourg sustainable finance ecosystem. #sustainablefinance #Luxembourg