27/09/2022

Laetitia Hamon part of HLEG


Laetitia Hamon, Head of Sustainable Finance at the Luxembourg Stock Exchange, has been appointed to the European Commission’s prestigious High-Level Expert Group on scaling up sustainable finance in low- and middle-income countries (HLEG). The group initiated its work in Brussels this week and its mandate will run for 9 months.

The HLEG was established by the European Commission as part of its Strategy for Financing the Transition to a Sustainable Economy. The role of the HLEG is to provide the European Commission with recommendations about what transformative and innovative actions the EU can undertake to scale up sustainable finance in low- and middle-income countries (LMICs). 


More specifically, the objective is to accelerate the flow of international and domestic private capital towards sustainable investments in LMICs, promoting green and inclusive growth. The HLEG will help address the challenges that prevent the acceleration of the flow of capital towards sustainable investments in these countries, such as the lack of private capital, sustainable investment projects of a certain size and coherent sustainable finance frameworks, and furthermore propose innovative solutions to these challenges.


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The HLEG is composed of 20 members and 20 observers, all senior, highly qualified experts in the area of sustainable finance in LMICs. Members and observers represent a range of different sectors, including financial institutions, sectorial experts, civil society organisations and academia. 


At the end of its mandate, the group will provide its recommendations in the form of a report, which will inform the European Commission’s future strategy scheduled for adoption in 2023. This dedicated strategy is part of the EU’s efforts to address inequalities and foster a green, just and resilient global recovery by mobilising private capital for the Sustainable Development Goals and the Paris Agreement.