Luxembourg Stock ExchangeProfit will no longer come at the cost of the planet, says Julie Becker

RTL Today
On Friday, the new CEO of the Luxembourg Stock Exchange sat down for an interview with RTL Radio.

Finances have to return to their initial purpose, which is the funding of the real economy and the well-being of the people, Becker argued on Friday morning. When asked whether financial and economic profits can even be designed in sustainable manner, the CEO replied: “We have to revise our methods to improve environmental protection and the use of resources.” Nevertheless, she still believes that profits and sustainability can be compatible.

Becker also talked about her own role as the successor of Robert Scharfe at the head of the Luxembourg Stock Exchange, noting that she will continue where he left off and develop green finances. Furthermore, she will focus on digitalisation efforts, including a transition of the system to a cloud, as well as the use of artificial intelligence for the processing of databanks. Becker concluded that the ongoing crisis can thus be seen as an opportunity for business to do the same and modernise their operations.

When asked about the recruitment of young talents for the Luxembourg Stock Exchange, Becker expressed optimism. She acknowledged that lower starting salaries can be discouraging, but that the focus on green finances is still a strong incentive for future generations with stronger commitments to environmental protection.

The Grand Duchy’s greatest strength in this ever-changing world is its ability to adapt, Becker concluded in her interview. When asked whether this will still be the case under new international taxation policies, she replied: “Why not?”

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