#WinterReads

📖 Looking for recommendations regarding how financial professionals can address the existing ESG data challenges?

The outcome report of the LSFI ESG Data Working Group, developed by the working group members, analyses the current challenges and includes recommendations specific to each asset class for financial practitioners, policymakers, and the LSFI. It also features a questionnaire to be used by financial professionals dealing with data providers.

In general, the working group identified that all asset classes currently face challenges related to:
• Reliability of data;
• Absence of global standards and thus difficulties in ensuring comparability and consistency;
• Lack of transparency, especially associated with methodology opaqueness;
• Cost issues related to acquiring the data but also the technology required and companies’ reporting;
• Complexity and rapid regulatory changes.

Access the outcome report to learn more about the existing ESG data challenges and the suggested recommendations: https://lnkd.in/eg8QZSCq

Eleonora Maria Belenghi I Selim Boudhabhay I Nathalie Dogniez I Julien Froumouth I Pascal Geiter I Pierre-Mickael Géonet I Louis-Arnaud Iscla I Béatrice Méthé I Ala Presenti I Marie-Laurence RIBES I Alexis Severis I Virginie Wauquiez I Ludwika Zacharz, CFA

#sustainablefinance #ESGdata #Luxembourg #finance

#WrappingUp2024

🌱 The LSFI wishes you a happy festive season and a prosperous, sustainable, and impactful 2025!

Access our CEO, Nicoletta Centofanti, end-of-year letter, where she reflects on the progress of sustainable finance in 2024, explores the opportunities this domain presents for the future and provides a sneak peek into what 2025 holds for the LSFI ➡️ https://lnkd.in/ebMQddaZ
Ministry of Finance, Luxembourg I Ministère de l'Environnement, du Climat et de la Biodiversité I Luxembourg for Finance I CSDD Nohaltegkeetsrot
Nicoletta Centofanti I Lorenzo Avico I María Eugenia Tapia Rojo I Stella Kouri I Alex Pothaar I A. José GODONOU ATATA I Maria Ouli I Juana Ramirez

#WinterReads

📖 Looking for a thought-provoking read as we approach the year’s end?

Don’t miss the outcome report of the LSFI Climate Measurement & Reporting Working Group!

Reaching net zero is a cornerstone of the sustainable finance journey. This report, developed by the working group members, provides a comprehensive roadmap for financial institutions on their decarbonisation journey. It highlights the steps to follow and introduces key tools and methodologies such as:
- Assessing Low Carbon Transition (ACT)
- Paris Agreement Capital Transition Assessment (PACTA)
- Partnership for Carbon Accounting Financials (PCAF)
- Science Based Targets initiative (SBTi)
- Transition Pathway Initiative (TPI)

The report examines their use and functionalities and how they align with regulatory requirements.

Access the full report here: https://lnkd.in/eumYzg6s

🎓 Want to learn more about SBTi?
Join us for our upcoming masterclass to explore how SBTi can help define and implement targets. https://lnkd.in/eUf8GcM9

Mathilde Bauwin I Petra Besson Fencikova, CFA I Anna ILLARIONOVA I Martin Mager I Dayo Ojaleye I Ioana Popescu I Rodolphe Belli I Michael Halling I Nathalie Dogniez I Nathalie Roth I Sarah Tagliarol
#sustainablefinance #decarbonisation #targets

#Regulatoryupdates

🔦 Stay informed with some of the latest #EU Sustainable Finance regulatory updates!

- Commission de Surveillance du Secteur Financier (CSSF) - https://lnkd.in/e6dkb5KW
- European Commission - https://lnkd.in/eKp3cjdy
- European Commission - https://lnkd.in/dqDh3AvM
- Council of the European Union - https://lnkd.in/dSMdDJed
- EFRAG - https://lnkd.in/etTpkwav
- European Supervisory Authorities (European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA) & European Securities and Markets Authority (ESMA)) & European Central Bank - https://lnkd.in/d5aaaUZe
- European Securities and Markets Authority (ESMA) - https://lnkd.in/dsidwvr8
- European Securities and Markets Authority (ESMA) - https://lnkd.in/epQ_5evD

💻 Visit our website for more details: https://lnkd.in/g34mzUyq

🔍 Don’t forget to explore our Resource Hub on Regulation, tailored to help the financial sector stay ahead of sustainable finance legislation: https://lnkd.in/gkSSQ24A
#SustainableFinance #EURegulations #FinancialSector #Luxembourg

🎤 The transition towards sustainable finance and addressing the challenges it presents requires collaboration across sectors and disciplines. In particular, integrating scientific research with sustainable finance practices and bridging existing gaps is essential.

This month, we interviewed Andrew Ferrone, Deputy Director for Climate and Sustainable Development at the Luxembourg Ministère de l'Environnement, du Climat et de la Biodiversité and Chair of the LSFI Scientific Advisory Board (SAB). We discussed the link between science and sustainable finance, the objectives of the SAB, how scientists and financial professionals can collaborate more effectively to drive sustainability, and the biggest challenges in aligning the financial sector with the latest scientific understanding of sustainability-related topics.

Access the interview: https://lnkd.in/eUdSugZY

Don’t miss this month’s LSFI newsletter for the latest news, regulatory updates, reports and upcoming events on sustainable finance: https://lnkd.in/ePY3RvAr and register to our newsletter if you don't receive it yet! ➡️ https://lnkd.in/eXQKjWQb
Ministry of Finance, Luxembourg I Ministère de l'Environnement, du Climat et de la Biodiversité I Luxembourg for Finance I CSDD Nohaltegkeetsrot