LSA and EIB Launch “Space for Finance” Initiative to Harness Satellite Data for Sustainable Financial Services
The Luxembourg Space Agency (LSA) and the European Investment Bank (EIB) have announced a strategic partnership to accelerate the use of satellite-based technologies within the financial sector. This joint initiative, titled Space for Finance, aims to harness Europe’s strengths in Earth Observation and satellite navigation to enhance sustainability reporting, risk management, and impact assessment across industries such as investment banking and insurance.
Through this collaboration, LSA and the EIB will explore how satellite data can be used to improve financial services—enabling companies to monitor environmental performance, anticipate risks, and compare results across business sites. A key component of the initiative is the R&D Pilot Programme, which will use concrete pilot projects to assess the value of space data for financial decision-making. These efforts will lay the groundwork for a broader call for projects open to industry players.
“Space is no longer just about exploration; it is increasingly about innovation that drives real-world solutions. Our partnership with the Luxembourg Space Agency allows us to use the power of satellite data to enhance financial monitoring and drive sustainable development. Together, we will explore and redefine how space applications can enhance the European strategic autonomy and support the financial sector in creating a more resilient and forward-thinking economy." said EIB Vice President Robert de Groot.
This collaboration also reinforces the EIB’s commitment to the European space sector and Luxembourg’s growing role as a hub for commercial space innovation. LSA plays a central role in nurturing the national space ecosystem—supporting businesses, developing talent, and connecting them with financing opportunities.
Lex Delles, Luxembourg’s Minister of the Economy, SME, Energy and Tourism, added: ““The space sector drives innovation and economic growth in Luxembourg and across Europe, and it’s also key to our security in a fast-changing world. By working with the European Investment Bank, we are showing our commitment to using space technologies to benefit society and the financial sector. This partnership reflects our goal to support innovation and ensure that space activities in Europe are sustainable, secure, and competitive—for the good of everyone.”
The Space for Finance initiative also highlights the importance of establishing robust security standards for the use of space data in financial applications. Both institutions emphasize the need to protect Europe’s strategic autonomy as satellite-based services become increasingly integrated into financial systems.
By combining expertise in finance and space, the EIB and LSA aim to drive the next wave of innovation—ensuring that Europe remains at the forefront of using space technologies to meet global economic and environmental challenges.
