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ARTICLE · 02 FEBRUARY 2021

CSR And ESG: The New Normal

Loyens & Loeff
Loyens & Loeff
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Why are ESG and CSR so important in today's society? Get a comprehensive understanding of the challenges this question raises and why it is so critical to the business.

LuxembourgCorporate/Commercial Law
Sabrina Martin
Sabrina Martin
Marc Meyers
Marc Meyers

In Luxembourg, Corporate Social Responsibility (CSR), and Environmental Social and Governance (ESG) criteria represent major challenges for any company that needs to adapt its business and meet the expectations of its stakeholders.

Do you see the CSR and ESG criteria as a challenge in today's society?

SABRINA MARTIN It all begins with the awareness that we need to structure our economic activities differently. Today, standing your ground on social issues is a determining factor for a law firm, which, as a result, becomes a value creator, contributing to and giving visibility to "non-financial" matters. Though we were already aware of the importance of such criteria in the legal world, the pandemic has amplified our momentum. It compelled us to better define our position, to ask ourselves the right questions about the future. This has helped us to, among other things, develop our strategy within the firm to meet specific goals related to our social

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