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Sustainable Finance

Following the adoption of the 2016 Paris agreement on climate change and the United Nations 2030 agenda for Sustainable Development Goals, the European Commission announced in the Action Plan: Financing Sustainable Growth (2018), the intention to clarify the integration of sustainability in so-called fiduciary duties in sectoral legislation.

In December 2019, the European Commission adopted its communication on a European Green Deal which significantly increased the EU’s climate action and environmental policy ambitions.

As one of Europe’s leading financial centres, Luxembourg plays an important role in mobilizing private and public capital, in order to assist governments and investors around the world to mitigate climate change. Luxembourg is the European leader in responsible investment fund assets, accounting for 34% of responsible funds across Europe and ranking among the top green financial centres in the global Green Finance Index published in 2020.

The future is green and within BSP we are of the strong opinion that sustainability and green values will play a major role in the future of the financial industry. Tackling climate change and making the shift to greener ways of doing business has become a priority for many businesses across the financial sector.

We at BSP are committed to be your trusted partner in this fast-changing environment where new standards and concepts are introduced and laws and regulations change almost by the day.

Pursuant to the regulation on sustainability-related disclosures in the financial services sector (the “SFDR”), financial market participants must comply with the high level and principle-based requirements as from 10 March 2021.

The regulation on the EU Climate Transition Benchmarks, EU Paris-aligned Benchmarks and the regulation on the EU taxonomy for sustainable activities are additional pieces of EU legislation aimed at transforming Europe’s economy into a greener, low-carbon, more resilient and circular-system.

The Investment Management Department is here to assist you in understanding regulatory requirements relating to ESG matters applicable to you as an investment fund and asset manager. Our Banking & Finance Department is also pleased to guide you through all of your future green finance endeavours and accompany you every step of the way for the listing of your securities on the Luxembourg Green Exchange (LGX).

For more information please contact our Sustainability Leader ihog-jensen [at] bsp.lu (Isabel Høg-Jensen).

BSP Roundtable Talk 2021

SFDR update and market insights - 24th February (Agenda)

To access the video recording of the webinar, please ask for the password sending an email to the marketing [at] bsp.luclass="spamspan".

Roundtable 1

 

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