Eversheds Sutherland Bitāns ’s Post

📣Join us this Friday for the second event at the Green Finance Series: "#Transition #Finance as a Way for Funding Sustainable Change". The participants of this discussion will focus on the prerequisites of transition finance and a good transition plan, the banking sector’s views, and the corporates’ readiness to demonstrate their commitment to change. 🎤 Speakers: Ieva Kustova, CEO and co-founder of Futurcene Maris Vainovskis, Senior Partner at Eversheds Sutherland Bitāns and Board member of Futurcene Viktors Toropovs, Co-Head of Sustainable Finance Group at Latvijas Finanšu nozares asociācija | Finance Latvia Association Laila Odina, Chairperson of Executive Board at RIX Riga Airport Toms Auskaps, Board Member and Head of Communications and Strategic Development at Balticovo AS Ilze Zumente, Lecturer, corporate sustainability researcher at Rīgas Tehniskā universitāte (Riga Technical University) 🗓️ Date: 22 November 2024 ⏰ Time: 10.00 – 11.30 (registration and breakfast starting at 9:30) 📍 Location: Novira Plaza, Riga, Marijas iela 2A, Eversheds Sutherland Bitāns office, 5th Floor  📢 The event will be held in Latvian. 🖋️ Register for the event here: https://lnkd.in/dhFR3X3f The #Green #Finance Series is organized by Futurcene, a new sustainability advisory firm, and Eversheds Sutherland Bitāns . The discussions are shaped as deep-dives into diverse areas of sustainable finance in the Baltic countries and beyond. The next event in the Series: 🖋️ 5 December | 10.00 – 11.30 "Putting Private Capital to Work to Tackle Climate Change"

Luxembourg maintained its leading position within the EU in terms of green finance, with the latest Global Green Finance Index (GGFI 13) reconfirming Luxembourg as the top green financial centre in the EU. Aeffe Capital S.A. with its expertise can support you in all issues related to the Sustainable Finance Disclosure Regulation (SFDR).  #taxonomy #esg #luxembourg #advisory #aeffecapital #finance #green #luxembourgforfinance

Yesterday, I had the pleasure of attending Luxembourg Sustainable Finance Initiative Stakeholder Assembly in #Luxembourg, where key stakeholders gathered to discuss the sustainable finance agenda. 🇱🇺 Luxembourg's Minister of Finance, Mr. Gilles Roth, and Minister for the Environment, Climate and Biodiversity, Mr. Serge Wilmes, both expressed their commitment to advancing the sustainable finance agenda in Luxembourg and beyond. The discussions primarily focused on developing financial products, data, reporting, and training related to environmental issues and climate change. 🌐 On behalf of Cerise+SPTF, 𝗜 𝗲𝗺𝗽𝗵𝗮𝘀𝗶𝘀𝗲𝗱 𝘁𝗵𝗲 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝗰𝗲 𝗼𝗳 𝗻𝗼𝘁 𝗻𝗲𝗴𝗹𝗲𝗰𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝘀𝗼𝗰𝗶𝗮𝗹 𝗮𝘀𝗽𝗲𝗰𝘁 𝗼𝗳 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗹𝗲 𝗮𝗻𝗱 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁. Our experience from the Global South demonstrates that social and environmental responsibility go hand-in-hand and success in one contributes and requires success in the other. This is not only true for populations excluded from financial services in the Global South but also relevant for a successful green transition in Luxembourg and the Global North. 🚨 Our work with impact investors from the Social Investor Working Group (#SIWG) on the Sustainable Finance Disclosure Regulation (SFDR) has highlighted concerns regarding some of SFDR's mandatory Principal Adverse Impact (PAI) indicators. These indicators can create discrepancies between the Global North and the Global South, potentially leading to unintended negative side effects, particularly concerning biodiversity. 🙏 🇪🇺 Thank you to Sven Gentner, Head of Unit for corporate reporting, audit, and credit rating agencies within DG FISMA and the European Commission, for his closing keynote speech. His insights on the current developments in taxonomy and regulations at the EC, along with his open discussions on the implementation of reporting obligations for SMEs in Europe and beyond, were invaluable. 👏 Congratulations to Nicoletta Centofanti and the LSFI team for organising such a successful and informative meeting. Thank you to all participants and stakeholders for their pertinent questions and engaging debates, including Manuel Tonnar from LuxDev, Axel de Ville from ADA asbl , Kaspar Wansleben, FCA from Luxembourg Microfinance and Development Fund, Tom Pfeiffer from Inclusive Finance Network Luxembourg InFiNe.lu, Nasir Zubairi from The LHoFT - Luxembourg House of Financial Technology, Stephan Peters from ICFA - International Climate Finance Accelerator, Claude Marx from CSSF, and Julie Becker from the Luxembourg Stock Exchange #SustainableFinance #ResponsibleFinance

Yesterday, I had the pleasure of attending Luxembourg Sustainable Finance Initiative Stakeholder Assembly in #Luxembourg, where key stakeholders gathered to discuss the sustainable finance agenda. 🇱🇺 Luxembourg's Minister of Finance, Mr. Gilles Roth, and Minister for the Environment, Climate and Biodiversity, Mr. Serge Wilmes, both expressed their commitment to advancing the sustainable finance agenda in Luxembourg and beyond. The discussions primarily focused on developing financial products, data, reporting, and training related to environmental issues and climate change. 🌐 On behalf of Cerise+SPTF, 𝗜 𝗲𝗺𝗽𝗵𝗮𝘀𝗶𝘀𝗲𝗱 𝘁𝗵𝗲 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝗰𝗲 𝗼𝗳 𝗻𝗼𝘁 𝗻𝗲𝗴𝗹𝗲𝗰𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝘀𝗼𝗰𝗶𝗮𝗹 𝗮𝘀𝗽𝗲𝗰𝘁 𝗼𝗳 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗹𝗲 𝗮𝗻𝗱 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁. Our experience from the Global South demonstrates that social and environmental responsibility go hand-in-hand and success in one contributes and requires success in the other. This is not only true for populations excluded from financial services in the Global South but also relevant for a successful green transition in Luxembourg and the Global North. 🚨 Our work with impact investors from the Social Investor Working Group (#SIWG) on the Sustainable Finance Disclosure Regulation (SFDR) has highlighted concerns regarding some of SFDR's mandatory Principal Adverse Impact (PAI) indicators. These indicators can create discrepancies between the Global North and the Global South, potentially leading to unintended negative side effects, particularly concerning biodiversity. 🙏 🇪🇺 Thank you to Sven Gentner, Head of Unit for corporate reporting, audit, and credit rating agencies within DG FISMA and the European Commission, for his closing keynote speech. His insights on the current developments in taxonomy and regulations at the EC, along with his open discussions on the implementation of reporting obligations for SMEs in Europe and beyond, were invaluable. 👏 Congratulations to Nicoletta Centofanti and the LSFI team for organising such a successful and informative meeting. Thank you to all participants and stakeholders for their pertinent questions and engaging debates, including Manuel Tonnar from LuxDev, Axel de Ville from ADA asbl , Kaspar Wansleben, FCA from Luxembourg Microfinance and Development Fund, Tom Pfeiffer from Inclusive Finance Network Luxembourg InFiNe.lu, Nasir Zubairi from The LHoFT - Luxembourg House of Financial Technology, Stephan Peters from ICFA - International Climate Finance Accelerator, Claude Marx from CSSF, and Julie Becker from the Luxembourg Stock Exchange #SustainableFinance #ResponsibleFinance