•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Matthias Knab, Opalesque:

The Association of the Luxembourg Fund Industy (ALFI) recently held its annual Global Distribution conference where, according the organizer, it became clear that ESG is the number one issue for global fund managers.

Summarizing the panels and presentations of the confernece, ALFI said that:

• 31% of sustainable funds and 39% of sustainable fund assets in EU domiciled in Luxembourg
• Asian and US funds closing the gap with Europe on ESG
• Luxembourg's Minister of Finance welcomes direct private investment to tackle climate change
• European Investment Bank to transition to European climate bank
• Climate related investment predicted to attract €1trn+ in next decade

Sustainable finance took centre stage at the ALFI Global Distribution Conference 2019 in Luxembourg 24-25 September. Corinne Lamesch, ALFI's Chairperson, called for the industry to work collectively on sustainability to achieve radical change and play a central role in the financial wellbeing of society. The Luxembourg Minister of Finance reiterated his call for the Capital Markets Union to become greener and more sustainable. Pressing climate change concerns has put sustainability issues to the forefront for investment managers, who face growing pressure from investors and regulators globally to offer products that meet ESG criteria. There was a consensus among the speakers that ESG is now integrated into investment processes. Accord......................

To view our full article Click here