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ARTICLE · 22 DECEMBER 2023

What To Expect On ESG And Greenwashing?

CMS Luxembourg
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Report resulting from the consultation ending on 15 December 2023.

LuxembourgFinance and Banking
Julie Pelcé
Julie Pelcé
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SFDR consultation report

▪ Report resulting from the consultation ending on 15 December 2023.

▪ Report would potentially cover the transformation of the SFDR into a categorization system through a reform of article 8 and 9 classification.

Greenwashing

▪ NCA's supervisory activities, share knowledge and experiences with ESMA until Quarter 3 of 2024 to further convergence on greenwashing matters.
▪ ESMA to adopt the official guidelines on the fund's name within Q1 or Q2 2024 (timing unclear).

Green bonds

Entry into force of the European green bonds standards with:
▪ Application of the technical screening criteria and grandfathering rules
▪ Introduction of additional disclosure requirements in case of securitisation bonds and optional disclosures for bonds marketed as environmentally sustainable or sustainability-linked bonds

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