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Sustainable finance took centre stage at the ALFI Global Distribution Conference 2019 in Luxembourg 24-25 September. Corinne Lamesch, Chairperson of the Association of the Luxembourg Funds Industry (ALFI), called for the industry to work collectively on sustainability to achieve radical change and play a central role in the financial wellbeing of society.
Pierre Gramegna, Luxembourg Minister of Finance, reiterated his call for the Capital Markets Union to become greener and more sustainable. Pressing climate change concerns has put sustainability issues to the forefront for investment managers, who face growing pressure from investors and regulators globally to offer products that meet ESG criteria.
There was a consensus among the speakers that ESG...
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