Targeting specific Sustainable Development Goals, the call for projects is open to national and international applicants until 15 December 2022.
Following Luxembourg’s Blockchain Week 2022, the Luxembourg Blockchain Lab (LBL) and the Luxembourg Sustainable Finance Initiative (LSFI) are collaborating for the second edition of their call for projects.
This time around, the focus is on the Sustainable Development Goals (SDGs) which fall in line with Luxembourg’s interests. According to their press release, the aim is to find “viable solutions that can be deployed on a large scale as part of our national effort in sustainable finance.”
“SDGs are more than just climate action. In this call, we will be able to go further and potentially discover a solution that could answer one of these issues identified as key for the industries,” says Emilie Allaert, head of the Luxembourg Blockchain Lab.
Generally, sustainable finance refers to the process of taking due account of environmental, social and governance (ESG) criteria when making investment decisions. While some progress has already been made in this regard, Luxembourg’s financial sector still faces several challenges which need to be addressed in order to achieve a more sustainable economy.
A big challenge in this regard is linked to data availability, reporting and standardisation. While startups such as SustainCERT have already made important progress in this area, more data is still needed on environmental, social and governance aspects.
“The industry needs meaningful harmonised data and technology will be crucial to help the sector gather and access this data,” says Nicoletta Centofanti, LSFI interim general manager.
In particular, the call for projects aims to find solutions that support the following topics and SDG goals which have been deemed of particular interest to Luxembourg:
• Measuring scope 3 emissions – SDG 13, Climate Action
• Pricing biodiversity – SDG 14 & SDG15, Life below water and life on land
• How to assess data on the social dimensions – SDG 3, 4, 5 &10, Good Health and Well-being, Quality Education, Gender Equality & Reduced Inequalities
The selected projects will benefit from a one-week programme designed by the LBL and LSFI, in order to provide all necessary information with regard to sustainability and SDGs.
The call for projects runs is open until 15 December 2022 and while it is open to international applications, there must be a strong willingness to come to Luxembourg. In addition, the applicants should have already a viable product.
To submit your project or get more details, follow this link.
