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The future cornerstone of sustainable finance
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Mackel to lead LFF until 2025 - Delano - Luxembourg in English
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Luxembourg on Tuesday unveiled its sustainable finance strategy, which aims to help the country’s financial sector transition towards meeting environmental, social and governance criteria.
The strategy was born out of a sustainable finance roadmap presented in 2018. Developed together with the UN environment programme, it presented a series of recommendations on how Luxembourg could contribute to the Agenda 2030 and Paris Agreement objectives.
As a result, the government, Luxembourg for Finance and the High Council for Sustainable Development together founded the Luxembourg Sustainable Finance Initiative, a not-for-profit that designed the strategy and is charged with implementing it.
“It’s about our planet,” said finance minister Pierre Gramegna at the launch of the strategy. “We have to save that planet. Finance will help us save that planet.”