Luxembourg roundtable explores delivering impact through responsible finance

Luxembourg City, Luxembourg, 11 November 2019 – As the responsible finance market grows, SMEs and startups are able to focus on the impact they create.  In doing so, they can contribute more impact proportional to their size, and align it with the UN Sustainable Development Goals (SDGs).  Participants in a responsible finance roundtable organised by the RFI Foundation, hosted by Luxembourg for Finance and sponsored by DDCAP Group held on Wednesday discussed practical approaches they are taking.

Included in the roundtable was a case study presented by DDCAP Group where they presented interim conclusions from developing and implementing a strategy to bring more intentionality to their sustainable and responsible actions (SRA).  The case study served as a call-to-action to others to recognize where they have a unique ability to make a positive impact through their business.  DDCAP’s efforts show the possibility of collaborative action between the conventional financial community and Islamic Finance, with a view to meeting the targets of the UN SDG

A key conclusion of the roundtable in the morning sessions was to highlight how Islamic Finance SMEs and those within the wider halal economy have the ability to use their freedom and agility to highlight the need for sustainable and responsible practices across the wider industry. By setting an example, SMEs can demonstrate the value proposition of sustainable and responsible business practices and those leading the way have the opportunity to instill confidence by creating a pathway for others to follow, giving SME’s the potential to create momentum.