Germany's Ministry of Finance announced the constitutive meeting of the Sustainable Finance advisory board for the 21st legislative term, with Finance Minister Lars Klingbeil and Environment Minister Carsten Schneider welcoming its members at the ministry. The 20-member group will contribute expertise on the practical design of sustainable finance regulation and on strategic questions around mobilizing private capital for the transformation. The board brings together experts from the real economy, financial sector, civil society and academia, including representatives from industry, SMEs, start-ups, banks, asset managers and venture capital. Its work will focus on how sustainable finance can support the modernization of the German and European economies and strengthen competitiveness, with the multi-stakeholder structure intended to produce concrete recommendations over the course of the legislative term.