Economic impact of ESG finance hard to measure
To some spectators, many ESG funds engage in greenwashing, making little serious attempt to boost sustainability. To others, this movement is part of a woke agenda that unfairly bashes the energy industry. Yet, “not yet proven” is the conclusion of a new Luxembourg report about the effect of ESG investing on the global economy, and thus ultimately the environment and society.
For LSFI’s Centofanti, awareness comes first
When it comes to sustainability, all actors, including the finance sector, need to develop a suitable level of understanding before policies and investment strategies can translate into impact, explains Nicoletta Centofanti, head of the Luxembourg Sustainable Finance Initiative, in an interview.
New LSFI working groups to address ESG challenges
The Luxembourg Sustainable Finance Initiative, a public-private body known as LSFI, has decided to create four new working groups to help the industry better come to grips with challenges posed by Environmental, Social and Governance issues.