07 May 2021

Introducing the new sustainable finance measures of the EU Commission

On 21 April 2021, the EU Commission published a new package of measures to further promote sustainability in the financial system.

  • Firstly, the measures include the highly-anticipated EU Taxonomy Climate Delegated Act which establishes the technical screening criteria to determine whether economic activities qualify as being aligned to the two environmental goals ‘climate change mitigation’ and ‘climate change adaptation’.
  • Secondly, the EU Commission presented its proposal for a new Corporate Sustainability Reporting Directive (CSRD) which, once adopted, would significantly extend non-financial reporting obligations of commercial companies.
  • Thirdly, the package includes six delegated acts on sustainability preferences, fiduciary duties and product governance relevant for MiFID investment firms, AIFMs, UCITS management companies and insurances.

The sustainable finance package underlines the EU Commission’s continued ambition to transform its financial policy towards sustainability and direct private capital towards its climate policy goals.


Print


Press contact
Beate Dünschede
+352 271802-29
beate.duenschede@gsk-lux.com

Back

GSK Updates
  • 04.03.2022

    GSK Update: GSK Stockmann contributed to the publication of The Legal 500 Comparative Legal Guide – Luxembourg: Securitisation

    Read more
  • 10.02.2022

    GSK Update: Update of the Luxembourg Securitisation Law: Increased Flexibility and Legal Certainty

    Read more
  • 27.01.2022

    GSK Update: CSSF Guidance on Virtual Assets: New FAQ for UCI and credit institutions

    Read more
Contact person

Dr. Philipp Mössner, LL.M.

Partner

+352 271802-40

philipp.moessner@gsk-lux.com

Anna Lindner

Senior Associate

+352 271802-43

anna.lindner@gsk-lux.com

© GSK Stockmann 2022