Luxembourg Plays Prominent Role in ESG Investing and Sustainable Finance

A recent seminar presented by the Association of the Luxembourg Fund Industry (ALFI), hosted by ALFI chairwoman Corinne Lamesch, offered a snapshot of the current state of the Luxembourg funds industry and addressed key business and regulatory developments that may have an impact on E.U. fund managers. As with prior ALFI events, the program featured remarks from H.E. Pierre Gramegna, the Luxembourg Minister of Finance, and panel discussions with representatives from financial services, asset management, legal and accounting firms. This article covers the portions of the seminar that discussed the current state of the Luxembourg funds industry; the growth of sustainable finance; and the increasing use of environmental, social and governance investment criteria. For coverage of ALFI’s October 2018 event, see our two‑part series: “Luxembourg Positions Itself As a Calm in the Brexit Storm” (Jan. 10, 2019); and “How Luxembourg Is Affected by Regulatory Developments and the E.U. Retail Distribution Environment” (Jan. 31, 2019).

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