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.


Press contact
Beate Dünschede
+352 271802-29


GSK Updates
  • 11.09.2023

    GSK Update: Application of the law on a national screening mechanism for foreign direct investments in Luxembourg

    Read more
  • 17.07.2023

    GSK Update: Bill of Law: Modernising the Luxembourg Investment Funds Toolbox

    Read more
  • 06.04.2023

    GSK Update: Bill of Law: Modernising the Luxembourg Investment Funds Toolbox

    Read more
Contact person

Dr Philipp Mössner, LL.M. (McGill)


+352 271802-40


Anna Lindner

Local Partner

+352 271802-43


© GSK Stockmann 2023