“Environmental, social, and governance (ESG) criteria are no longer just trends--they are now essential components of resilient, future-proof investment strategies,” writes Luxflag CEO Isabelle Delas. Archive photo: Matic Zorman

“Environmental, social, and governance (ESG) criteria are no longer just trends--they are now essential components of resilient, future-proof investment strategies,” writes Luxflag CEO Isabelle Delas. Archive photo: Matic Zorman

As Luxembourg transforms to remain a global financial leader, the commitment to innovation, inclusivity and sustainability will be key in shaping the financial centre of 2035, setting new standards for future generations, writes Luxflag CEO Isabelle Delas in this guest contribution.

(Ahead of the Paperjam Club’s , which will take place on 19 November at the Kirchberg Kinepolis, we have decided to give the floor to key players in the financial centre. We’re publishing their guest contributions every morning until the event. Today, the CEO of Luxflag shares her analysis.)

For decades, Luxembourg has consistently demonstrated its agility and forward-thinking approach, securing its position as a leading financial centre on the global stage. Now, as we look towards 2035, Luxembourg’s financial ecosystem stands at a critical juncture. To continue attracting investors and creating lasting impact, Luxembourg is driving strategic change by integrating technological innovation, inclusive policies, and sustainable finance practices. This transformation aims not only to meet future investors' needs but to uphold Luxembourg’s longstanding commitment to a responsible and resilient financial centre.

Embracing ESG as a core principle

Environmental, social, and governance (ESG) criteria are no longer just trends--they are now essential components of resilient, future-proof investment strategies. By 2035, ESG principles will underpin nearly every financial decision, with investors prioritising companies and funds that show genuine dedication to sustainability. Luxembourg’s financial centre is uniquely positioned to lead this transformation, offering a robust ecosystem for sustainable investment solutions.

Our vision for 2035 is to create a financial centre that prioritises both purpose and progress, where inclusivity, sustainable growth and ethical finance are deeply interwoven.
Isabelle Delas

Isabelle DelasCEOLuxflag

By 2035, Luxembourg’s financial landscape will leverage technologies like AI, blockchain and digital assets, reshaping the industry to bring greater transparency, efficiency, and accountability to investment decisions. Real-time ESG data, for instance, will enable investors to support projects that align with their sustainability goals, channelling capital toward ventures that create measurable environmental and social impact. Luxembourg’s green bonds, sustainable funds and impact investments are tailored to meet these evolving investor demands, further establishing the country as a prime destination for responsible finance.

Promoting gender diversity in leadership

Despite considerable advancements, the financial sector remains male-dominated, particularly in leadership roles. This imbalance not only limits innovation but also narrows the diversity of perspectives needed to adapt to an evolving world. Luxembourg can set an example by encouraging organisations to actively cultivate an inclusive workplace where women are supported to rise to leadership roles.


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This effort goes beyond fulfilling quotas; it’s about building a balanced and effective workforce that reflects the values of a forward-thinking financial centre. By breaking down systemic barriers, Luxembourg’s financial industry will attract a diverse talent pool, positioning itself as a pioneer in inclusive growth. Our vision for 2035 is to create a financial centre that prioritises both purpose and progress, where inclusivity, sustainable growth and ethical finance are deeply interwoven. Luxembourg will continue to serve as a global model for finance that aligns with societal values.

Seizing opportunities in emerging markets

Looking ahead, Luxembourg’s financial sector must expand its global footprint by exploring new markets. As traditional markets like China reach maturity, high-growth regions such as Southeast Asia, India and parts of Africa present dynamic opportunities. With their young populations and increasing digital connectivity, these regions hold immense potential for impactful investments in areas like renewable energy, technology and sustainable infrastructure.

By embedding ESG values into the core of its operations, advancing gender diversity and strategically exploring emerging markets, Luxembourg can set a new global standard for finance.
Isabelle Delas

Isabelle DelasCEOLuxflag

By taking a proactive and responsible approach, Luxembourg’s investors can drive sustainable growth in these emerging markets while reinforcing Luxembourg’s role as an ethical international finance hub. A careful understanding of each region’s unique challenges and opportunities will allow Luxembourg to foster mutual development and make a positive impact on a global scale.

Leading the way to a sustainable financial future

For Luxembourg to remain at the forefront of global finance, it must align with a future where finance serves a purpose beyond profit. By embedding ESG values into the core of its operations, advancing gender diversity and strategically exploring emerging markets, Luxembourg can set a new global standard for finance. The path to 2035 offers an unparalleled opportunity to blend growth with ethical responsibility, positioning Luxembourg as a model for sustainable, inclusive financial leadership.

Isabelle Delas is the CEO of Luxflag, the Luxembourg Finance Labelling Agency, an independent and international, non-profit organisation created in Luxembourg in July 2006 by seven public and private founding partners.