Luxembourg's Parliament recently amended the bill of law
implementing the Corporate Sustainability Reporting Directive
(CSRD) into national law. The amendments address specific concerns
raised by the Conseil d'Etat, stakeholders and industry bodies,
providing clarity on sustainability consolidation and reporting
formalities.
On 28 October, the Finance Committee and the Justice Committee
of the Luxembourg Parliament submitted amendments to bill of law
8370 (Bill of Law) implementing Directive (EU) 2022/2464 as regards
corporate sustainability reporting (CSRD) to the Conseil
d'Etat.
This comes after the Conseil d'Etat issued its
opinion in July (Avis du Conseil d'État
(12.7.2024)), in which it raised certain concerns regarding
the first draft of the Bill of Law, as is customary under the
ordinary legislative process in Luxembourg. Other relevant bodies
have also expressed their opinions on the Bill of Law, including
the Chambre des Métiers (8370/03 Avis de
