Eurobank Private Bank Luxembourg has firmly established itself as a committed player in the field of sustainable finance. How would you describe your current approach to responsible investment?
Theofanis Mylonas. —“At , sustainable investing is fundamental to our core investment services. We seamlessly leverage the Eurobank Group’s robust, well-defined Environmental, Social, and Governance (ESG) framework to ensure our clients’ values are integrated into their portfolios.
Our approach focuses on transparency and precision. We use clear, well-defined profiling processes to expertly match each client’s specific sustainability preferences with the corresponding ESG strategies and mandates. Our experienced investment teams are dedicated to supporting clients every step of the way—from the initial consultation through their entire investment journey.
This commitment is reinforced by our group-wide strategy, which is structured around two pillars: Operational Impact (ensuring the bank runs sustainably) and Financed Impact Impact (directing capital toward sustainable lending and investments). As a sign of our leadership, Eurobank Private Bank Luxembourg is proud to be one of the first banks in Luxembourg to sign the ICMA Private Banking Wealth Management Charter of Quality, aligning us with major global initiatives like the PRI and the UN Global Compact.
What are the main challenges in making sustainable finance more accessible, measurable and credible, in your opinion?
“We see three key areas where the industry needs collective effort to move forward: accessibility, measurability, and credibility.
To make sustainable finance truly measurable, we also need common global standards for ESG ratings and cohesive scoring methodologies.
The biggest challenge is the need for a collaborative effort across the entire financial ecosystem—from regulators and banks to data providers and universities—to bridge the current ESG knowledge gap. To truly democratize sustainable finance, we need coordinated local and cross-border educational campaigns, including free digital tools and courses, to raise public awareness and overcome the existing financial literacy barriers.
To make sustainable finance truly measurable, we also need common global standards for ESG ratings and cohesive scoring methodologies. Consistency across the industry is vital to ensuring that investors can compare products accurately and understand the true impact of their investments.
Finally, ensuring credibility requires harmonising definitions across different regulatory regimes, such as the EU’s SFDR, Taxonomy, and CSRD. Most importantly, it requires robust controls, independent auditing, and verifiable processes to safeguard against greenwashing and maintain investor trust.
Finally, if you had to sum up Eurobank Private Bank Luxembourg’s ESG ambitions in one sentence, what would you say?
“We aim to maintain our leadership position in sustainable finance in the region, continuously enhancing our support to clients by aligning their portfolios with their sustainability goals while consistently driving long-term responsible financial performance.”