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ARTICLE · 29 OCTOBER 2020

Sustainable Finance

ELVINGER HOSS PRUSSEN, société anonyme
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Sustainable finance is a key component of the European Commission's strategy for the implementation of the European Green Deal .

LuxembourgFinance and Banking

Sustainable finance is a key component of the European Commission's strategy for the implementation of the European Green Deal. Next to the impact on the investment funds sector, various ESG transparency obligations affect other financial sector players, such as credit institutions and investment firms, notably when they provide portfolio management services or investment advice. At this stage, these obligations are set out in the Disclosure Regulation (EU) 2019/2088 and become applicable on 10 March 2021. Relevant players will need to prepare ahead of this date, including by taking into account the interaction with the requirements provided for in the Taxonomy Regulation (EU) 2020/852.

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