Gilles Roth, Luxembourg’s Minister of Finance; Credit: MFIN

On Tuesday 23 April 2024, at the Luxembourg Sustainable Finance Forum, Gilles Roth, Luxembourg’s Minister of Finance, announced a ten-point action plan for sustainable finance.

This strategic plan aims to guide the ministry's efforts over the next five years to develop Luxembourg's sustainable financial ecosystem.

The action plan aims to strengthen Luxembourg's role as a hub for sustainable finance and mobilise private capital for sustainability, by setting out key priorities for the ministry. Additionally, it seeks to develop innovative solutions for global impact investments, support talent development, and promote innovation and digitalisation in sustainable finance. The plan also underscores Minister Roth’s commitment to go “beyond green” by including biodiversity, gender finance and a broader social and governance dimension in the Ministry of Finance's scope of action.

Minister Roth emphasised: "With the power of finance, we can change our economies and our world for the better. As a leading international financial centre, Luxembourg is uniquely positioned to support these global efforts. We thus foresee a number of concrete actions and initiatives that my Ministry will implement under these ten priority areas over the coming months and years, together with public and private stakeholders."

In his keynote address at the Sustainable Finance Forum, Minister Roth also highlighted the need to act quickly and collectively to close the funding gap to achieve the UN Sustainable Development Goals by 2030 and transition to net zero, which will require efforts from both the public and private sectors.