Sustainability

Sustainability

Climate change, environmental degradation and the social crisis have reinforced the role of investment and finance in building a more sustainable and inclusive society. In the context of the EU Sustainable Finance Agenda, most stakeholders recognise the value, importance and role of corporate social responsibility in doing business in a sustainable way with a long-term vision.

While the ABBL already initiated its own work plan some years ago, in parallel to the work initiated at EU level and as part of its internal transformation project. A dedicated Sustainability Committee and working groups have been set up to engage in strategic dialogue with our members and to monitor and advance developments in sustainable finance in the banking sector.

Furthermore, in light of the EU sustainable finance agenda and the growing expectations of many stakeholders (not only the financial sector), the ABBL has defined three pillars to implement its sustainable finance strategy and bring the sustainable finance agenda forward in the Luxembourg banking sector.