Luxembourg Stock Exchange partners with GICE&SDGs to promote sustainable finance education in India

In a first for the country, the Luxembourg Stock Exchange (LuxSE) and GICE&SDGs (Krÿstähl) have partnered to strengthen sustainable finance education in India.


LuxSE, launched by the Luxembourg Stock Exchange, is the world’s first platform dedicated entirely to sustainable securities (such as green energy investments). As part of it, the LGX Academy offers sustainable finance courses to financial professionals and market participants from all around the world. Its mission is to support emerging markets in their transition towards more sustainable economies.


As part of this partnership, Krÿstähl, a joint venture of the Global Institute for Circular Economy and Sustainable Development Goals, and Sanshodhan (an e-waste exchange private company), will facilitate access for the Indian market participants to online courses on sustainable finance in capital markets delivered by LuxSE’s LGX Academy.


The partnership covers both the regular courses organised by the LGX Academy twice a year, on the topics of fundamentals of sustainable finance, debt products, standards, and best market practices, as well as tailor-made courses addressing the specific needs of certain sectors or geographies.


Laetitia Hamon, head of Sustainable Finance at LuxSE, said an increased knowledge of sustainable debt products and internationally recognised standards for such issuances would foster sustainable finance developments and mobilise more financing for sustainable investment projects in the region.


“We are delighted to collaborate with GICE&SDGs - Krÿstähl to better reach impact-conscious financial professionals in India and contribute to the transformation of the local financial sector,” said Hamon.


Shalini Sharma, director at Krÿstähl, described the agreement as a “great opportunity” for industries, organisations, banks and investors in India and Southeast Asia to grow their ESG (Environmental, Social and Governance)-based investment and green finance knowledge, to innovate in green fin-tech.


“It will help develop the economically beneficial mechanism to ease out import-export, and to climate-proof their businesses. In India, some of the latest policies, such as the draft on ‘Green Credit Programme (GCP)’ implementation rules 2023, and the gazette notification for Carbon Credit Trading Scheme 2023, opened new opportunities for businesses and investors to leverage green incentives. Collaborating with the LGX Academy will open up new avenues to amp the sustainable finance ecosystem in India”, Sharma said.


As ESG impact assessment and reporting are key requirements today, and as assurance mechanisms emerge, sustainable finance and transparent incentives systems will play a key role. ESG parameters are increasingly being applied by investors as part of their analysis process to identify material risks and growth opportunities.