An interview with Guillaume Brousse, Director, Deloitte Luxembourg

Could you please tell us more about your background?  What are your current responsibilities within Deloitte?
I joined Deloitte Luxembourg straight after graduating in 2002. I am Audit Director but am also in charge of Sustainable and Responsible Finance assignments. I have been working on sustainable finance matters since 2007, starting with audits of the first Microfinance funds.

Since then, the number of sustainable/impact finance funds has grown significantly. In addition to these audit missions, I am now involved in non-financial assurance reporting on ESG policy or certification in the field of green bonds.

Could you describe how Deloitte is involved in inclusive finance?
Inclusive and sustainable finance is present throughout Deloitte’s three lines of business: audit, tax and advisory. At Deloitte Luxembourg, we have a sustainability task force made up of around 30 people to work all or part of their time on these matters.

Those engagements range from non-financial reporting (sustainability report, impact reporting) to audits, risk management, assistance to NGO, tax services in the set up and participation in various local and global initiatives in Luxembourg and more largely.

What is your key interest in inclusive finance?
I am involved in this area because I am convinced that development and assistance to emerging and developing countries is not only the responsibility of the public sector or DFIs but the financial industry has a role to play.

We need to bring investors into the inclusive finance sector, transparency with investors is then crucial. The inclusive finance sector needs to be accessible to as many actors as possible and therefore we need to allow retail investors to have access to these funds. This also takes place by raising awareness among asset managers.

What are the biggest challenges for inclusive finance and how can Luxembourg and InFiNe.lu contribute to these?
In keeping with what I said before, the challenge is to bring new sources of financing into the inclusive finance sector. Luxembourg is the second largest investment fund centre in the world and has all capabilities, from service providers, labelling agency, strong political drive in this matter and a recognized stock exchange, it has a clear role to play.

InFiNe.lu can certainly help strengthen ties between the various public and private inclusive finance initiatives being developed in Luxembourg. The network should be the main channel for communicating about these initiatives.

Copyright: Deloitte