LuxSE deputy CEO and founder of the Luxembourg Green Exchange Julie Becker is pictured in this January 2019 archive photo
Photo: Matic Zorman
The Luxembourg Stock Exchange (LuxSE) is to start hosting tailor-made lectures on sustainable finance through its green exchange academy, which it launched on Tuesday.
In a statement published on Tuesday, the LuxSE wrote that the aim was to broaden the overall market understanding of the foundation of sustainable finance, promote inclusive investment products and help future capital flows towards sustainable investment projects.
The academy is part of LuxSE’s Green Exchange (LGX), which was founded in 2016 as a platform dedicated to green bonds. By September 2019, it had almost €200bn in social, sustainable and green bonds.
“Many financial institutions and investors would like to contribute to sustainable development, but they lack the necessary market knowledge. The LGX team has frequently been asked to share its knowledge and experience both at regulatory and practical levels,” LGX founder and deputy CEO of LuxSE Julie Becker said, adding: One of the missions of an exchange is to ensure investor protection and this starts with raising awareness and education. This is exactly what we intend to achieve with the LGX Academy.”
The academy has the status of ‘Gestionnaire d’un Organisme de Formation Professionnelle Continue’, a professional training kitemark issued by the state. It has also partnered with Luxembourg’s House of Training to deliver the platform.
In a first phase, it will offer three courses focusing on the fundamentals of sustainable finance, products and standards and taxonomies, reporting and external reviews.
It is not the first time that the stock exchange will have given training in this field. According to its statement, it has given sustainable finance training nationally and internationally with the help of the International Finance Corporation, BIL and the University of Luxembourg.