LSFI – Luxembourg Sustainable Finance Initiative
A public-private association promoting sustainable finance in Luxembourg and abroad.
The Luxembourg Sustainable Finance Initiative (LSFI) is a not-for-profit association that designs and implements the Sustainable Finance Strategy for the Luxembourg financial centre. Our objective is to raise awareness, promote and help develop sustainable finance initiatives in Luxembourg.
The LSFI was founded in January 2020 by the Luxembourg Government, Luxembourg for Finance (the agency for the development of the financial centre) and the High Council for Sustainable Development (Conseil Supérieur du Développement Durable), an independent advisory body to the Luxembourg Government about sustainable development matters that represents the civil society.
The idea of creating an association which would promote sustainable finance in Luxembourg dates back to 2018 when the Luxembourg Government published, in collaboration with the United Nations Environment Program, the Luxembourg Sustainable Finance Roadmap. One of the main recommendations of the Roadmap was to create a Sustainable Finance Initiative.
As a consequence, in its 2018-2023 Coalition Agreement, the Luxembourg Government announced the set-up of the Luxembourg Sustainable Finance Initiative which would gather relevant stakeholders of the sustainable finance sector. The initiative would be co-chaired by the Ministry of Finance and the Ministry of Environment, Climate and Sustainable Development.
- Awareness and Promotion: Promote existing and upcoming sustainable finance initiatives and embed sustainability into the financial culture of Luxembourg.
- Unlocking Potential: Coordinate and support the Luxembourg financial centre in taking impactful actions in order to develop sustainable finance.
- Measuring Progress: Collect and analyse data on the Luxembourg financial industry in order to measure and follow its progress in integrating sustainability.
Meet the Team
The LSFI team is made of professionals who are genuinely passionate about sustainability and best ways to integrate it into the Luxembourg financial sector .
Meet the Board
A Board of directors governs the LSFI and meets regularly to discuss and monitor the implementation of its Strategy. It is chaired by the Ministry of Finance and the Ministry of Environment, Climate and Sustainable Development. The Board also includes representatives of Luxembourg for Finance and of the High Council on Sustainable Development.
Vice President – Director General, Ministry of Environment, Climate and Sustainable Development
Jenny de Nijs
President – Special Adviser for Sustainable Finance, Ministry of Finance
Philipp von Restorff
Treasurer – Deputy CEO of Luxembourg for Finance