LSIW21 – LuxFLAG & European Court of Auditors – ECA Special Report on Sustainable Finance

Please note, this session will be digital.

LuxFLAG is pleased to organize a session

during the LuxFLAG Sustainable Investment Week:

Monday 11 October

5:00 pm – 6:00 pm

LuxFLAG & European Court of Auditors – ECA Special Report on Sustainable Finance.

Special event sponsored by LuxFLAG.

The transition to a net-zero emission economy will require significant private and public
investment, but the EU is not doing enough to channel money into sustainable activities. That is the conclusion of a special report by the European Court of Auditors (ECA) that calls for more consistent EU action. The European Commission has rightly focused on increasing transparency in the market, but the auditors criticise the lack of accompanying measures to address the environmental and social cost of unsustainable economic activities. According to the report, the Commission needs to apply consistent criteria to determine the sustainability of EU budget investments and better target efforts to generate sustainable investment opportunities.

After a presentation of the main results of the special report by Ms. Eva Lindström, she will be joined by Luxembourg Finance Minister Pierre Gramegna and Luxembourg Stock Exchange CEO Julie Becker to debate how the points raised in the report can be addressed by the public and private sectors.

Speakers:

• Ms. Eva Lindström, Member, European Court of Auditors
• H.E. Pierre Gramegna, Luxembourg Finance Minister
• Ms. Julie Becker, CEO, Luxembourg Stock Exchange

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