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Green and Sustainable Finance Cluster Germany

Green and Sustainable Finance Cluster Germany

The “Green and Sustainable Finance Cluster Germany” is a sustainability initiative for the German financial market that was initiated in April 2018. It is a merger of the Accelerating Sustainable Finance initiative of Deutsche Börse and the Green Finance Cluster Frankfurt of the Ministry of Economic Affairs for Hesse.

The aim of the new cluster is to further promote sustainable development and its transformation process in the financial sector. In doing so, the cluster uses the consolidated financial market expertise to make financial market structures future-proof – both nationally and throughout Europe.

In its current baseline report, the Green and Sustainable Finance Cluster Germany has examined the status quo of sustainable financing in Germany. On this basis, the cluster has defined four action fields serving as a starting point for concrete projects.

At the European level, the cluster is actively involved in shaping the sustainable development process: it supports the implementation of the EU Commission’s sustainable finance action plan and is a member of its Technical Expert Group.

Kristina Jeromin, Head of Group Sustainability at Deutsche Börse Group, and Karsten Löffler, Co-Head Frankfurt School – UNEP Collaborating Centre for Climate & Sustainable Energy Finance, manage the cluster’s business on equal terms.

The cluster is organised as an association. Current sponsors are BNP Paribas Germany, Commerzbank AG, DekaBank Deutsche Girozentrale, Deutsche Bank AG, Deutsche Börse AG, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Helaba, KfW Bankengruppe and Metzler Asset Management GmbH. The cluster’s headquarter is located at Frankfurt School of Finance & Management.

In 2017, Deutsche Börse, together with major players in the financial centre of Frankfurt, launched the former Accelerating Sustainable Finance initiative. In this connection, the participants signed the “Frankfurt Declaration”, a joint declaration of intent to build sustainable financial sector infrastructures. The signatories of the Frankfurt Declaration support the new Green and Sustainable Finance Cluster Germany.