Working group

Sustainable Finance

The Sustainable Finance Working Group aims to advance sustainable finance in capital markets, focusing on ESG principles. Initially prioritising environmental issues like climate change, it now includes social and governance aspects to foster sustainable practices in Luxembourg and beyond.

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The primary goal of the Sustainable Finance Working Group is to seek out and champion sustainable finance initiatives linked to capital markets, encompassing a wide spectrum of environmental, social, and governance (ESG) considerations. Since its inception, the Working Group has prioritised environmental and green aspects. It is now expanding this remit to encompass social and governance issues.

Environmental aspects may cover efforts to mitigate and adapt to climate change, alongside broader environmental concerns such as biodiversity preservation, pollution prevention, and fostering a circular economy.

Social considerations address issues related to inequality, inclusivity, labour relations, investment in human capital and communities, and human rights.

Governance of both public and private institutions, including their management structures, employee relations, and executive compensation, is crucial for integrating social and environmental considerations into decision-making processes.

By focusing on these areas, the Working Group aims to support the development and growth of sustainable finance practices in Luxembourg and internationally.

Sponsor

Nicki Kayser

Linklaters

Sponsor & Chairperson

Cathrine Foldberg Mรธller

Simmons & Simmons

Chairperson

Vanessa Mรผller

EY

Publications

  • Sustainable Finance
Sustainable Finance I Statement I Proposal for a EU Corporate Sustainability Due Diligence Directive (CSDD)

20 July 2022

Published on 23 February 2022, the proposal for a ๐™‰๐™š๐™ฌ ๐˜ฟ๐™ž๐™ง๐™š๐™˜๐™ฉ๐™ž๐™ซ๐™š ๐™ค๐™ฃ ๐˜พ๐™ค๐™ง๐™ฅ๐™ค๐™ง๐™–๐™ฉ๐™š ๐™Ž๐™ช๐™จ๐™ฉ๐™–๐™ž๐™ฃ๐™–๐™—๐™ž๐™ก๐™ž๐™ฉ๐™ฎ ๐˜ฟ๐™ช๐™š ๐˜ฟ๐™ž๐™ก๐™ž๐™œ๐™š๐™ฃ๐™˜๐™š is aiming to foster sustainable and responsible corporate behavior throughout global value chains. It provides for new due diligence obligations, tightening the existing requirements under the Luxembourg laws. Getting sustainability due diligence implemented is not going to happen overnight and a number of shortcomings need to be addressed in order for this…

FAQ Sustainable Finance

7 December 2020

As announced end October during our first webinar dedicated to sustainable finance (video recording available on section Past events of our website), congratulations to our task force Sustainable Finance for the release today of the FAQ dedicated to this topic. The FAQ will be updated on a regular basis, with additional questions, notably those that members may have asked to LuxCMA on this topic.

[NEW] Podcast

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Listen to LuxCMA professionals and executive guests offer insights on todayโ€™s most compelling business, regulatory and Capital Markets industry issues. The LuxCMA Letยดs talk about podcast series provides information to help you meet today’s challenges and prepare for the future.

Interview

3 questions to… Cathrine Foldberg Mรธller

1๏ธโƒฃ Can we rely on the private sector to scale upย sustainable finance?
2๏ธโƒฃ ย What are theย challengesย for sustainable finance?ย 
3๏ธโƒฃ ย Whatโ€™s the main takeway for today?ย 
ย 
Cathrine is sharing some of her thoughts with us!