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By François-Xavier Le CORRE, Senior Manager, Legal Department and Ana DIMITRACHI, Senior Manager, Valuation ESG, Mc Square
Luxembourgish issuers supervised by the Commission de Surveillance du Secteur Financier (CSSF) must significantly step up their sustainability reporting practices to meet incoming EU standards on climate-related disclosures.
A recent CSSF report analysed current sustainability reporting (using 2022 as the reference period) from a selection of Luxembourg's largest issuers across sectors like manufacturing, consumer discretionary, transportation, and construction. The aim was to gauge issuer readiness ahead of 2025, when issuers currently reporting under the Non-Financial Reporting Directive (NFRD) will need to report...
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