Since the first Luxflag Sustainable Investment Week was held in 2019, “great progress has been made” in Luxembourg’s financial industry “in terms of sustainable finance best practices,” , chair of Luxflag, commented during this year’s edition of the event.
Indeed, a central aim of the conference is for Luxflag members to “showcase best practices” with each other, , CEO of Luxflag, noted in her opening remarks.
Greater attention
When Luxflag issued its first label, in 2006, “sustainable finance was still a niche,” , Luxembourg’s finance minister (DP), recalled in a video address. It was “a long way from the attention it gets today.”
Today ESG and sustainable investing principles represent one of the strongest growth opportunities in the investment fund sector, in a separate session.
Backes said that Luxembourg’s government has been supporting the segment, pointing to a public-private partnership to .
Luxflag Sustainable Investment Week 2022 was organised by the fund labelling agency Luxflag and held at Mudam from Monday 17 October to Wednesday 19 October.
The conference consisted of 23 sessions over the 3 days, Delas stated.