Are you curious to know how your financial choices can make a real contribution to the fight against climate change? Would you like to find out about the innovative initiatives that have been put in place in Luxembourg to promote sustainable finance? In this interview, Laetitia Hamon, Head of Sustainable Finance at the Luxembourg Stock Exchange, shares her ideas and experiences on these crucial topics. Read this interview to find out how you can make the difference and be an agent of change towards a more sustainable future.
Alternative Saving: the advantages you should know about
Considering transparent and socially responsible investment? Ekkehart Schmidt, public relations officer at etika – Initiativ fir Alternativ Finanzéierung asbl, explains exactly how you can benefit!
The alternative savings account is the result of collaboration between Spuerkeess and etika asbl. It enables savers to support initiatives aimed at sustainable national and international development without financial risks and with total transparency. Savings funds are only converted into loans for projects that meet strict social and ecological criteria.
While the interest relief generated by this mechanism is less important to larger companies than the image boost that they receive by being involved in an etika project, both factors are crucial for smaller companies.
Many companies regard the granting of interest relief by etika as recognition of their serious sustainability efforts.
Subsidised projects range from organic farms and organisations involved in the distribution of organic products to producers of renewable energy such as KIOWATT, wind farms and water mills, innovative technologies such as hybrid buses or companies such as Ama Mundu that use nanotechnology to purify water, through to companies that reintegrate the unemployed or other disadvantaged groups into the labour market, such as Défi-job or Coopérations Wiltz.