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ARTICLE · 05 MAY 2023

CSSF Supervisory Priorities In Sustainable Finance

CMS Luxembourg
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Furthermore, the CSSF sets forth its priorities for the asset management industry and issuers.

LuxembourgFinance and Banking
Aurélia Viémont
Aurélia Viémont
Aurélien Hollard
Aurélien Hollard
Sarah Hantscher
Sarah Hantscher
Mélanie Poirrier
Mélanie Poirrier
Julie Pelcé
Julie Pelcé
Anne Picot-Guillot
Anne Picot-Guillot
Julien Robert
Julien Robert
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On 6 April 2023, the Commission de surveillance du secteur financier (the « CSSF ») published its supervisory priorities in sustainable finance, which are relevant for credit institutions, investment firms, investment fund managers, undertakings for collective investment and undertakings for collective investment in transferable securities.

As sustainability (including sustainability risks) is a long-term financial strategy, the CSSF aims at (i) establishing a cohesive implementation of the sustainable finance across the financial sector and (ii) integrating environmental, social and governance ("ESG") into its supervisory practice with a gradual approach.

The CSSF reminds that (i) climate-related and environmental risks integration and mitigation shall be one of the priorities for the banking sector and (ii) the primary responsibility of ensuring compliance with applicable requirements, including ESG lies with the supervised entities and their board members.

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