Sustainable Finance Forum 2025
Location
- Digital Event
Luxembourg for Finance invites you to join our digital event:
SUSTAINABLE FINANCE FORUM
Wednesday, 11 June 2025
09:00-11:30 CEST
Sustainable finance has matured into an integral pillar of global markets, yet recent shifts in policy, regulation, and political sentiment present new challenges. The EU’s evolving regulatory landscape, including the Omnibus Directive, aims to streamline and simplify requirements, while in the US, the shifting rhetoric on ESG and climate-focused finance underscores the political volatility shaping global capital flows. At the same time, Asia has emerged as a key driver of sustainable finance, with new initiatives on green taxonomies, blended finance, and disclosure standards.
As the sector navigates these changes, how will sustainable finance adapt to ensure credibility, resilience, and impact? In an environment that is more uncertain than ever, investors are increasingly demanding transparency and accountability to better understand the risks embedded in their portfolios. As a result, the need for labels and ratings continues to grow, driving demand for expertise and reliable data.
The focus is shifting from broad commitments to precise execution, with transition finance emerging as a crucial bridge between ambition and reality. Moreover, the rise of GSSS bonds and the expanding role of blue finance highlight the increasing specialisation of products for international sustainability-linked investments.
Join our 2025 Sustainable Finance Forum, where we will explore the pressing issues defining the next phase of sustainable finance. The event will feature keynote addresses from Ms Nadia Calviño, President at the European Investment Bank (invited), and Mr Gilles Roth, Luxembourg’s Minister of Finance. Discussions will delve into the evolution of ESG, the capital flows underpinning the EU Green Deal, the strategic direction of labels and ratings, and the role of transition finance in a multipolar economy.
With insights from leaders in sustainable finance, investors, and financial strategists, this year’s forum will provide a clear assessment of sustainable finance in 2025—the challenges, opportunities, and the path forward.
For sponsorship opportunities and information regarding the event, please contact: Aurélie Zambeaux
Programme
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09:00
Welcome Address
Judith Bogner, Master of Ceremonies
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09:05
Guest Keynote
Nadia Calviño, President, European Investment Bank (invited)
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09:15
Building Tomorrow Today: Sustainable Finance as the Key to a Secure Future
Gilles Roth, Luxembourg Minister of Finance
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09:25
ESG 2.0 – What Went Wrong with ESG and How to Fix It?
William Wright, Founder & Managing Partner, New Financial
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09:45
Do Capital Flows Reflect the Ambitions of the EU Green Deal?
Karl-Oskar Olming, Head of Sustainability Strategy and Policy, SEB
Interviewer: Simon Mundy, Moral Money Editor, Financial Times
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10:05
Labels and Ratings: How to Bring Clarity in a Changing Regulatory Landscape?
The demand for clear, reliable, and transparant information and data has never been greater. Investors and financial firms increasingly rely on regulatory frameworks, labels and ratings. With the EU refining its regulatory approach and global markets working towards greater harmonisation, this panel will explore the future role of ESG ratings and labels in a changing regulatory environment, and the steps needed to enhance transparency and trust in sustainable finance.
Moderator: Harriet Agnew, Asset Management Editor, Financial Times
Hortense Bioy, Head of Sustainable Investing Research, Morningstar Sustainalytics
Didier Millerot, Head of the Sustainable Finance Unit, European Commission's DG Fisma
Denise Voss, Chairwoman, LuxFLAG
Safeya Zeitoun, CEO, Tameo
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10:25
One World, Diverse Goals: Transition Finance in a Multipolar Economy
The path to a net-zero economy is neither uniform nor straightforward. As geopolitical shifts redefine global priorities, transition finance must account for the diverse economic realities of different regions, sectors, and market players. While some economies push aggressively towards decarbonisation, others balance sustainability with economic development and energy security. This panel will examine how financial markets can support a pragmatic and inclusive transition, the tools available to ensure financing reaches where it is needed most, and the role of policy, investment, and innovation in accelerating global decarbonisation efforts.
Moderator: Simon Mundy, Moral Money Editor, Financial Times
Sinor Chhor, Managing Director, Nordea lnvestment Funds (invited)
Isabelle Millat, Head of Sustainable Finance, Global Markets & Barclays Europe, Barclays Investment Bank
Wilhelm Mohn, Global Head of Active Ownership, Norges Bank Investment Management (invited)
Gabriel Wilson-Otto, Head of Sustainable Investing Strategy, Fidelity International
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10:45
Financing the Shift: Leveraging Sustainability-linked and Transition Bonds
Marjan Divjak, Director General, Ministry of Finance Slovenia
Interviewer: Laetitia Hamon, Head of Sustainable Finance, Luxembourg Stock Exchange
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11:05
Towards New Horizons: Navigating Blue Finance
Karen Sack, Executive Director, Ocean Risk and Resilience Action Alliance
Interviewer: Judith Bogner, Independent Journalist
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11:25
Concluding Remarks
Judith Bogner, Master of Ceremonies
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11:30
End of Digital Event
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Speakers

Gilles Roth
Luxembourg Minister of Finance
Contact:
Gilles Roth was born on 1 March 1967 in Luxembourg.
After graduating from the Athénée de Luxembourg in 1986, Gilles Roth studied law at the Centre Universitaire de Luxembourg and the Université Catholique de Louvain (UCL) in Belgium, where he obtained a degree in law. He then completed his university studies in 1991 with a degree in business administration and management from the Institut d’Administration et de Gestion of UCL.
Following the legislative elections of 8 October 2023, Gilles Roth was appointed Minister of Finance on 17 November 2023 in the coalition government formed by the Christian Social Party (CSV) and the Democratic Party (DP).
Gilles Roth was elected municipal councillor in 1993 and became mayor of Mamer in 2000. Gilles Roth joined the Parliament in April 2007 and in 2013 he became Chairman of the CSV political group. Successively re-elected to Parliament, he co-chaired this political group from 2021 until he joined the Government. From 1991 to 1994, Gilles Roth practised as a lawyer, then as Avocat à la Cour at the Luxembourg Bar. In 1995, he became a government attaché at the Ministry of Finance, before being seconded to the Luxembourg Court of Auditors and the Permanent Representation of Luxembourg to the European Union in Brussels. In 1998, he returned to the Ministry of Finance and became government advisor (Conseiller), then senior government advisor (Premier Conseiller de Gouvernement). He also held the position of Government Delegate to the Administrative Jurisdictions until 2007.

Harriet Agnew
Asset Management Editor, Financial Times
Contact:
Harriet Agnew is asset management editor at the Financial Times, overseeing a London-based team whose coverage includes investment managers, hedge funds and pension funds.
She also writes FT Asset Management, a weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry; and helps oversee the annual Future of Asset Management conferences in London, New York and Abu Dhabi.
Before taking on her current role in 2021, Harriet was a news editor on the companies desk, with responsibility for financial services coverage. She also spent three years as Paris correspondent for the Financial Times, covering the luxury, consumer, retail, telecoms, media and tech industries.
Harriet joined the Financial Times in 2014 as City correspondent, and launched its City Insider column. Before that she covered hedge funds at Financial News and at Euromoney Institutional Investor.

Hortense Bioy
Head of Sustainable Investing Research, Morningstar Sustainalytics
Contact:
Hortense Bioy, CFA, is Head of Sustainable Investing Research at Morningstar Sustainalytics. She leads the group’s ESG thought leadership research efforts globally with the objective of educating investors about ESG and providing them with the tools they need to evaluate investments through an ESG and sustainability lens.
Based in London, Hortense joined in May 2024 from Morningstar Manager Research, where she led sustainability research for six years, first in Europe and then globally. Previously, she led Morningstar’s European ETF research for eight years.
Hortense joined Morningstar as an ETF analyst in 2010 from Bloomberg where she was a financial journalist. She began her career as an M&A analyst at Société Générale in Hong Kong.
Hortense holds a master’s degree in finance from Paris Dauphine University and a postgraduate degree in finance from Paris Sorbonne University. She is also a CFA charter holder.

Judith Bogner
Independent Journalist
Contact:
Judith Bogner is a television presenter, event facilitator and commentator for international finance, business and geopolitics based between the UK and Germany. For more than ten years she was one of the main European anchors of the financial news channel Bloomberg Global Television in London. Since 2012 Judith runs her own business, offering event and business facilitation, client advisory boards and strategic consulting. She is also a UK accredited mediator.
Judith regularly leads public and private events for corporate and institutional clients in the financial sector and beyond. Her list of clients include the Federation of German Industries, the Euro Finance Week (Frankfurt), Bank of America Merrill Lynch, Bank of New York Mellon, The Brewers of Europe, Luxembourg for Finance, the Dutch Development Bank FMO, Ergo Insurance, State Street, Scope Ratings, the Institute of Culinary Art, Allianz Global Assistance, Wacom and the Thomson Reuters Foundation.
Born in Germany, Judith has lived in Switzerland, China, Ukraine, France and Italy. She is bilingual in English-German and also speaks Italian, French and Mandarin Chinese. Judith holds a degree in International Business Management and Chinese from the University of Applied Sciences in Bremen.

Marjan Divjak
Director General, Ministry of Finance Slovenia
Contact:
Marjan Divjak is the Director General of the Treasury Directorate at Slovenia’s Ministry of Finance. The Treasury Directorate, led by Marjan Divjak, was awarded Sovereign Risk Manager of the year 2017 by the Risk Magazine.
His responsibilities are funding, liability management, state budget liquidity management and Single Treasury Account operations. He previously worked in the middle office of the Treasury Directorate. He has also been an adviser in the Office of the Prime Minister. He is member of the supervisory board of the SID Bank. Marjan Divjak is an external expert in the Monetary and Capital Markets (MCM) Department of the International Monetary Fund (IMF).
He holds a BEng in civil engineering from the Faculty of Engineering, Leeds University (UK), and an MSc in mathematical finance from the Mathematical Institute, Oxford University (UK).

Laetitia Hamon
Head of Sustainable Finance, Luxembourg Stock Exchange
Contact:
Laetitia Hamon has been Head of Sustainable Finance at the Luxembourg Stock Exchange (LuxSE) since 2020. She is responsible for the exchange’s sustainable finance strategy and related projects, and leads the expert team at LuxSE’s UN-awarded platform for sustainable finance, the Luxembourg Green Exchange (LGX). Laetitia was appointed to the European Commission’s prestigious High-Level Expert Group on scaling up sustainable finance in low- and middle-income countries, which presented its recommendations in 2024.
As a pioneer in sustainable finance, Laetitia started her career as an ESG analyst for an extra-financial rating agency in 2008. Passionate about the topic, Laetitia decided to dedicate her career to sustainable finance. After gaining experience from the investment fund industry through different positions at Thomson Reuters and ALFI – the Association of the Luxembourg Fund Industry, she spent 8 years managing and then leading the Sustainable Finance audit and advisory practice at KPMG in Luxembourg.
Laetitia has a Master’s degree in International Management from the Institut Supérieur Européen de Gestion (ISEG) and a Master’s degree in Corporate Social Responsibility from Ecole Supérieure des Affaires, Paris XII.

Isabelle Millat
Head of Sustainable Finance, Global Markets & Barclays Europe, Barclays Investment Bank
Contact:
Isabelle Millat joined Barclays in April 2024, in a dual role as Head of Sustainable Finance for Global Markets, and for Barclays Europe.
In this role, Isabelle leads the expansion of Global Markets’ sustainability proposition across all regions and is responsible for the development of the overall Sustainable Finance franchise for Barclays Europe, contributing to Barclays’ goal of facilitating $1tn of Sustainable and Transition Financing by 2030.
Isabelle has close to two decades experience in the industry. She was previously working with Société Générale where she held several senior positions, most recently as Head of Sustainability for Global Markets, and was a member of Société Générale’s Executive Committee for Global Markets. Prior to this she worked for Capgemini Consulting.

Didier Millerot
Head of Sustainable Finance Unit, DG FISMA, European Commission
Contact:
Didier Millerot is Head of Sustainable Finance Unit, DG FISMA at the European Commission. He has been appointed Head of the DG FISMA’s Sustainable Finance unit since September 2024. The unit develops the EU Sustainable Finance Taxonomy and coordinates EU policies in this field.
Didier has worked for the EC since 1994. He has held several Head of Unit positions in DG FISMA since 2012, the last one being Head of Insurance and Pensions.

Simon Mundy
Moral Money Editor, Financial Times
Contact:
Simon Mundy is the Moral Money Editor at the Financial Times, covering environmental and sustainability issues for the award-winning Moral Money platform and the wider FT.
He began his reporting career in Johannesburg, where he covered Southern Africa for the FT before a period writing on the London financial sector.
He then spent seven years in Asia, heading the FT bureaux in Seoul and Mumbai, before two years travelling through 26 countries on six continents to research Race for Tomorrow, a book on the global scramble to respond to climate change.

Karl-Oskar Olming
Head of Sustainability Strategy, Policy and Governance, SEB
Contact:
Karl-Oskar Olming is Head of Sustainability Strategy and Policy at SEB Group and Co-rapporteur of the EU Platform on Sustainable Finance sub-group on monitoring capital flows.
Karl-Oskar Olming has more than 20 years’ experience from working with sustainable development, sustainable finance and due diligence in banking, export finance and the UN.
Karl-Oskar Olming holds a Master of Science in Business and Economics from the Stockholm School of Economics.

Karen Sack
Co-founder & Executive Director, Ocean Risk and Resilience Action Alliance
Contact:
Karen Sack is a co-founder and Executive Director of the Ocean Risk and Resilience Action Alliance (ORRAA), a unique multi-sector collaboration between the private sector, governments and civil society designed to build resilience in the regions and communities most vulnerable to ocean risk, by pioneering finance and insurance products that incentivise investment into nature-based solutions. She has spent her career working on ocean conservation, advocacy and policy and has spoken and written extensively on ocean conservation, climate and sustainable finance.
She previously served as CEO of Ocean Unite, a non-profit co-founded in 2015 by Karen, Sir Richard Branson and former Costa Rican President José María Figueres to engage impactful voices at key moments that matter to catalyse ocean conservation action. Before that, she was Senior Director for International Oceans at The Pew Charitable Trusts where she initiated the Global Ocean Commission. She has also been head of Greenpeace International’s Political & Business Unit and of their international oceans campaign. She has spearheaded global campaigns to secure a new high seas biodiversity treaty, establish large marine reserves and sanctuaries, reform the EU’s Common Fisheries Policy, end illegal fishing and high seas bottom trawling, and drive political and policy action to protect marine species.
Karen has post-graduate degrees in international environmental law and in international political economy. She is originally from South Africa and now lives in the United States.

Denise Voss
Chairwoman, LuxFLAG
Contact:
Denise Voss is a Non-Executive Director of investment funds and has worked in the financial industry in Luxembourg since 1990, including 25 years with Franklin Templeton, where she was a Conducting Officer and member of the board of the Luxembourg management company.
She obtained a BA in psychology from Tufts University, as well as a MSc in accountancy from Bentley University.
Denise Voss is currently Chairwoman of LuxFLAG, an independent agency created in Luxembourg in 2006 to support the financing of sustainable development. She is also Chairwoman of the EFAMA Investor Education Platform, was Chairwoman of ALFI from 2015-2019, a member of the ALFI board of directors from 2007-2019 and is currently a member of the ALFI Strategic Board.

Gabriel Wilson-Otto
Head of Sustainable Investing Strategy, Fidelity International
Contact:
Gabriel Wilson-Otto is the Head of Sustainable Investing Strategy at Fidelity International and based in Hong Kong.
Gabriel leads the global development of sustainable investment frameworks, policies, proprietary tools and product offerings. He works closely with a wide range of internal and external stakeholders to support Fidelity’s sustainable investing ambition and to develop solutions for clients.
Gabriel joined Fidelity in 2021 from BNP Paribas Asset Management where he was Global Head of Sustainability Research and had previously held the position of Head of Stewardship, Asia Pacific. Prior to BNPP AM, he was an Executive Director in Goldman Sachs’ Global Investment Research division and Head of GS SUSTAIN for Asia.
Gabriel holds a Bachelor of Commerce (Finance and Economics) and a Bachelor of Information Systems from the University of Melbourne. He is a CFA charter holder.

William Wright
Founder & Managing Director, New Financial
Contact:
William Wright is the Founder and Managing Director of New Financial, a capital markets think tank and forum.
William launched New Financial in 2014 to make the positive case for the vital role that capital markets play in driving prosperity. New Financial believes Europe needs bigger and better capital markets – and that this represents a huge opportunity for the industry and its customers to embrace change and rethink how capital markets work.
William is a writer and commentator on investment banking and financial markets. He was a member of the launch team at Financial News in March 1996 and was Editor of the publication between 2004 and 2011.
In this time Financial News established itself as one of the most widely-read and respected publications for the asset management and investment banking industries. He played a central role in the sale of the business to The Wall Street Journal in 2007 and in its subsequent integration into Dow Jones.
He is a regular speaker and moderator at conferences and private events, and commentator on TV and radio news programmes, including the Today programme and BBC News.
He studied at Oxford and London universities and INSEAD. Born in the UK, he has also lived and worked in France, Germany and Hungary.

Safeya Zeitoun
CEO, Tameo
Contact:
Safeya Zeitoun is the CEO of Tameo Impact Fund Solutions, a trusted provider of independent, data-driven solutions for the impact investing ecosystem. With expertise in impact measurement, management, and reporting, she works at the intersection of finance and development to enhance transparency and comparability in impact investing.
At Tameo, Safeya leads strategic initiatives to support investors in navigating evolving regulatory frameworks and impact reporting requirements, ensuring greater clarity and alignment with industry standards. Prior to joining Tameo, she was an Impact Measurement Specialist at Symbiotics, where she contributed to the development of comprehensive impact assessment methodologies across financial inclusion and climate finance.
She is an Executive Board Member of the Swiss Platform for Impact Investing, and actively engages with key industry networks such as the Association of European Development Finance Institutions (EDFI) and the Social Performance Task Force to drive best practices, regulatory alignment, and harmonisation efforts in impact investing.
Safeya holds a Master’s degree in International Economics from the Geneva Graduate Institute and a Bachelor’s degree in Economics from the American University in Cairo.