2 minA new partnership to preserve biodiversity
Banque de Luxembourg has signed a partnership with the Fondation de Luxembourg to protect biodiversity and local freshwater reserves via the Fondation pour le Climat, an independent centre of expertise and advice in philanthropy, specially created to help corporate donors enhance their local impact.
A healthy mussel population indicates a well-balanced ecosystem
The project, established at the Moulin de Kalborn in the north of Luxembourg, was selected by a committee of scientific experts and is based on nature's ecosystem principles to offer a response to one of the critical environmental challenges facing Luxembourg and the Greater Region. It draws on the natural activity of the freshwater mussel and is the brainchild of the Fondation Hëllef fir d'Natur, an expert in the management of natural reserves. Freshwater mussels are an umbrella species that play a crucial role in maintaining a healthy aquatic environment: as they extract food from the water, they filter out undigested particles that settle at the bottom of watercourses, thereby creating favourable living and breeding conditions for other species.
A healthy mussel population helps restore natural habitats and provides drinking water at a lower cost. This effective nature-based solution is an economically viable alternative to expensive water treatment facilities. The initiative is fully aligned with the European Union’s Water Framework Directive (WFD) and contributes to the sustainable management of local ecosystems.
Tonika Hirdman, Director General, Fondation de Luxembourg and Pierre Ahlborn, Administrateur délégué, Banque de Luxembourg
Advancing our local commitment
Our values are more than just words. We put them into practice through bold, assertive action with measurable outcomes. Day in day out, we harness the power of our people, resources and ecosystem to maximise the positive impact of our business. Because our business only matters if we do everything we can to safeguard the interests of future generations. Pierre Ahlborn, Administrateur Délégué
The Bank's support for this project enhances our role in the climate transition and environmental protection locally. The initiative is part of our partnership with the Lëtzebuerger Privatbësch association which defends the interests of private forest owners in Luxembourg and offers services aimed at the sustainable preservation of our natural heritage. A certified B Corp™ since 2023*, Banque de Luxembourg aims to play an active role in fostering the sustainable development of its community and the country, create a positive impact on the environment, and advance its commitment to corporate social responsibility.
Find out more about our corporate and societal responsibility on our dedicated webpage.
* B Corp™ certification is an internationally recognised designation assigned to companies that incorporate social and environmental goals into their business model by adopting a progressive approach focused on positive impact (www.bcorporation.net)