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Who we are

We are a public-private partnership under the Luxembourg Climate Finance Strategy

The ICFA is a public-private partnership set up in 2018 under the Luxembourg Climate Finance Strategy. The ICFA members are the Luxembourg Ministry of Finance and the Ministry of the Environment, Climate and Sustainable Development, as well as 12 private entities of the Luxembourg financial services sector.

The ICFA is supported by the European Investment Bank and Spuerkeess.

Find more information in our ICFA Brochure

Download ICFA Brochure

Our Team

The ICFA is managed by Stephan Peters with the support of Laurence Hulin and Jekabs Vinauds.

Stephan Peters

CEO & Managing Director

Stephan is the Managing Director of the International Climate Finance Accelerator Luxembourg (ICFA) where he leverages his extensive track record to assist aspiring climate-focused fund managers in structuring their vehicles, formulating investment strategies, guiding operational implementation, securing financing, and building high-performance teams.

Previously, Stephan ran his own sustainable advisory and investment boutique SANZARU, while also part of the team, advocating and educating decision makers to boost awareness of impact investing, sustainability and diversity. Prior, Stephan accumulated experience in private equity, corporate finance and strategy consulting across Europe, Africa, the Middle East and Asia with blue-chip names like Oliver Wyman, Credit Suisse, and Delta Partners.

Stephan earned an MBA at the prestigious business school INSEAD with locations in Europe, Asia, the Middle East, and North America. He earned and a MSc in Aerospace Engineering (cum laude) from Delft University of Technology in the Netherlands. Stephan is also a CFA Charterholder from the CFA Institute.

Laurence Hulin


Laurence brings more than 20 years’ experience to the team, with 5 years’ experience in managing Luxembourg’s premier acceleration programme for start-ups, and over 15 years in the banking and fund management industry.

Jekabs Vinauds

Senior Analyst

Jekabs is set to graduate from his Masters in Finance and Economics degree from the University of Luxembourg in December 2022, where he specialised in Sustainable Finance. Jekabs also brings 1.5 years of experience working in the fund industry in Luxembourg, he also holds a bachelor's degree in Risk Management and Insurance, from the University of Limerick.

Our Board

Arnaud Gillin

Partner and co-founder of Innpact

Arnaud Gillin is Partner and co-founder of Innpact. He is leading the fund setup services including feasibility analysis, definition of investment strategies, market studies, financial modelling and operational and legal implementation. With over 25 funding structures designed, Arnaud has developed a strong expertise in the structuring of impact investment funds which account today for more than USD 6bn invested in sectors such as microfinance, climate change, energy efficiency, education, housing, agriculture and social entrepreneurship. Arnaud has 17 years of experience in the financial services sector. Prior to Innpact, he worked as a consultant in financial services and investment funds with Accenture and as risk manager and project manager at Banque de Luxembourg. He holds a MSc. in Management from the Louvain School of Management in Belgium and Master in Microfinance from the Solvay Business School, Brussels.

Denise Voss

Chair of LuxFLAG

Denise Voss is a Non-Executive Director of investment funds and has worked in the financial industry in Luxembourg since 1990, including 25 years with Franklin Templeton, where she was a Conducting Officer and member of the board of the Luxembourg management company. She obtained a BA in psychology from Tufts University, as well as a MSc in accountancy from Bentley University. Ms Voss is currently Chair of LuxFLAG, an independent agency created in Luxembourg in 2006 to support the financing of sustainable development. She is also Chairwoman of the EFAMA Investor Education Platform, was Chairwoman of ALFI from 2015-2019, a member of the ALFI board of directors from 2007-2019 and is currently a member of the ALFI Strategic Board.

Georges Gehl

Fonctionaire to Ministry for the Environment, Climate and Sustainable Development

Lennart Duschinger

Advisor for sustainable finance to the Minister of Finance at the Luxembourg Ministry of Finance

Lennart Duschinger is advisor for sustainable finance to the Minister of Finance at the Luxembourg Ministry of Finance. His main responsibility is to advise the Minister on all matters related to sustainable finance. His role also covers all national, European and international sustainable finance initiatives Luxembourg set up or is participating in. He is a member of the Member State Expert Group on Sustainable Finance of the European Commission, Advisor on the Green Climate Fund (GCF) Board, Alternate Board member at the Luxembourg Sustainable Finance Initiative (LSFI) and member of the Luxembourg Sovereign Sustainability Bond Committee (SBC).

Prior to joining the Luxembourg Ministry of Finance, Lennart worked in private wealth management in a family office doing portfolio management and helping ultra-high-net clients oversee and manage their overall wealth. After setting up a new wealth management start-up as Chief Operating Officer, he decided to join a Luxembourg impact consulting company, Innpact SA, as Impact Finance Consultant specialized in setting up climate finance impact funds. He also set up and managed the International Climate Finance Accelerator (ICFA) Luxembourg and drafted the Luxembourg Sustainable Finance Roadmap together with UNEP FI for the Luxembourg government.

Lennart holds a BSc (Hons) in Politics and Social Studies from Cardiff University, a double MSc in Politics and Business Management from Sciences Po Bordeaux as well as an LLM in International and Environmental Law from the Open University. Lennart is half German and half Luxembourgish and is based in Luxembourg.

In Memoriam

Corinne Molitor

Board Director ✟ 09.08.2020

The whole ICFA team has the great sadness to inform you that our dear colleague Corinne Molitor passed away on Sunday 9 August. Our thoughts are with her family during this difficult time.
Corinne had an experience of more than 25 years in the financial sector, in particular related to corporate and institutional clients as well as investment funds. Being passionate about impact finance, she co-developed numerous initiatives to promote the sector. She co-chaired the ALFI Responsible investing committee and sat on the Board of several impact funds, inclusive finance associations as well as the ICFA - International Climate Finance Accelerator Luxembourg.
Corinne held a Master in Business management and a Bachelor in Law from Universités de Strasbourg, France as well as a Certificate in Corporate Governance from INSEAD, Singapore.
Corinne was in charge of managing the ICFA programme, marketing, business development, IT and facilities.
She loved playing the piano, travelling and jogging.

Sachin Vankalas

Board Director ✟ 15.07.2021

The ICFA team has the great sadness to inform you that our colleague Sachin Vankalas passed away on 15th July 2021. Our thoughts are with his family.
Sachin Vankalas was the general manager of LuxFLAG and was a member of the ICFA Board since its launch in 2018. He was an active contributor to the development and realization of the programme. Sachin was universally recognized for his expertise and pioneering leadership in responsible investment. He was a passionate advocator of sustainable finance and the importance of guiding the transformation of the financial market in that direction. Sachin leaves behind a young family, friends, and colleagues, to whom we extend our deepest condolences. He will be sorely missed.