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Luxembourg welcomes the report published today by the EU High-Level Expert Group on Sustainable Finance (HLEG) and looks forward to working with its European partners towards the implementation of the ambitious strategy it set outs. The EU group made several key recommendations to place sustainability at the heart of Europe’s financial system, including the development of an EU-wide taxonomy for sustainable finance. A sustainable model of development is regarded as vital to the long-term prosperity of the EU economy.
Europe is already a champion in the area of sustainable and responsible investment, with EU financial centres boasting special areas of expertise. Luxembourg, as the leading centre for global fund distribution, a key EU banking and insurance hub and the...
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