Minister of Finance launches Luxembourg Gender Finance Task Force

Yuriko Backes, Minister of Finance, announced yesterday the launch of the Luxembourg Gender Finance Task Force, with a view to support, drive and stimulate gender finance in the Luxembourg financial centre. This initiative underlines the growing importance of gender finance both nationally and globally, within the field of sustainable finance.

The task force, which gathered yesterday for its inaugural meeting, is mandated to identify key opportunities within the domain of gender finance and develop a sector-wide strategy, specifically focusing on both "finance for women" and "women in finance". The task force is composed of a diverse group of representatives from the financial sector and is chaired by the Head of sustainable finance at the Ministry of Finance, Ms Jennifer de Nijs.

Minister Backes remarked: "Empowering women is not just a personal or political pursuit, it is a core element for economic growth and sustainable development. With this task force, Luxembourg reaffirms its commitment to leveraging the financial sector for positive impacts in the world."

The Task Force will aim to identify opportunities that can be undertaken individually by actors in the Luxembourg financial center or through collaborations between public and private actors. Furthermore, it will focus on creating actions and impact, fostering innovation, and partnering with institutions in gender finance.

Luxembourg has historically demonstrated leadership in sustainable finance and continues to solidify its status as a pioneer and leader in the field. This new gender finance task force is further testament to Luxembourg's efforts to support new and emerging trends in sustainable finance.

For more information on the Luxembourg Gender Finance Task Force, contact Jennifer.denijs@fi.etat.lu.

Press release by the Ministry of Finance